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All Forum Posts by: Maricar Mendoza

Maricar Mendoza has started 2 posts and replied 4 times.

Starting Out

Post: Fix & Flip calculator

Maricar MendozaPosted
  • Posts 4
  • Votes 0

@Joe Villeneuve - but the property is 53K. Why is it giving me a purchase price of 4M?

Thank u 

0 Votes
Starting Out

Post: Fix & Flip calculator

Maricar MendozaPosted
  • Posts 4
  • Votes 0

Hello, 

I've been practicing using the fix&flip calculator but I don't understand the result. It's actually giving me a negative result. 

Example:

If I have a property to buy at 53K, ARV is 100K, rehab cost is 20K and it would take 45 days to do the repair. Desired flip profit is 10K. How come it's giving me a negative return on investment flip? I attached the result here. Hopefully someone can help me figure out what I'm doing wrong.

Thanks

0 Votes
Starting Out

Post: Connected Investors - Contractors

Maricar MendozaPosted
  • Posts 4
  • Votes 0

Thanks everyone for taking the time to response on my post and give me information and advise. 

0 Votes
Starting Out

Post: Connected Investors - Contractors

Maricar MendozaPosted
  • Posts 4
  • Votes 0

I’ve read a lot of negative comments about connectedinvestors.com and most of it are about their funding/lenders. I’m in the middle of partnering with a couple contractors I found through connected investors. Anyone have any bad experience with contractors on that site? I’m hoping that the one I found is legit and kind hearted. I am a new investor from CA looking to purchase properties in Cleveland, Ohio and needed contractors who can fix&flip the properties i am going to buy. 

0 Votes