All Forum Posts by: Nader Iskander

Curtis, thank you for the excel info...I am aware of those although, like you said, the BP ones are so much better. I am trying to get my money's worth on these BP one's. thanks again!

Mike, I agree, the BP calculator is easy to use, I just have to figure out the correct place to put the numbers. For example, the rehab costs go in one area, but no place to put the 10.9 interest w/out messing with the purchase price. If I do it that way, the figures don't work out because the down payment on 392 doesn't input correctly. 

You guys are great to take time out to help! Much appreciated BP family!

Yes, I have the 25% down. The GC is my partner. My concern is seeing the numbers on paper in order to have a clear picture. The BP caluculators are what I am trying to figure out. My deal is structured in a way that I'm getting 100% rehab costs from hard money. So as you know I'm putting the 25% down on 392- therefore financing the remaining 292 plus the 100k@ 10.9%. Now how do I input that into the calculator? Thanks for the reply Brian!

Brent, thanks so much for your input! My question is more towards the calculation side. (BP calculator) 

Thanks again!!

Hi all! Newbie here at BP. Love the website and all that comes with it. I've come across this deal although I'm not sure how to get the correct analysis, as the figures don't fit properly in the BP calculators. Some help and your opinion would be greatly appreciated!

The deal as follows...

Fix and Flip

Listed at 350k most likely go a little over 400.

Put in an offer at 392k. Recent sold comps at 650k

I plan to put in 100k on rehab 100% hard money

1% closing cost for agent (392k), 1.5% origination (hard money for total amount of loan 492k @10.9%) no pre-pay penalty

I need to put down 25% down on sale price of 392k.

Plan to finish rehab no later than 3 months.

Not sure if I left anything out... can you help?

Best,

-Nader

Hi all! Newbie here at BP. Love the website and all that comes with it. I've come across this deal although I'm not sure how to get the correct analysis, as the figures don't fit properly in the BP calculators. Some help and your opinion would be greatly appreciated!

The deal as follows...

Fix and Flip

Listed at 350k most likely go a little over 400.

Put in an offer at 392k. Recent sold comps at 650k

I plan to put in 100k on rehab 100% hard money

1% closing cost for agent (392k), 1.5% origination (hard money for total amount of loan 492k @10.9%) no pre-pay penalty

I need to put down 25% down on sale price of 392k.

Plan to finish rehab no later than 3 months.

Not sure if I left anything out... can you help?

Best,

-Nader