All Forum Posts by: Sergio Sifuentes

Hello BP, I'm trying to execute my first deal, It's going to be a flip and I was wondering whether this is a good deal or not. 

Assuming that the following numbers are correct:

ARV- $370K

Investor cost $ $245K

Rehab approx cost  $50K

Estimate Gross Profit $ 75K

Approx Net Profit $ 52K

Would you accept the following Hard Money Lender Terms: 

Interest Rate 14% and 3.5 Points

Origination fees 4%

Loan Term 6 months

Max Loan Valur 70%

Processing fee - $300

Underwriting fee - $245

Wire funding fee$25

Apprasial $450

Inspection $350

Insp Fee for Draws $174

I will highly appreciate your advice.

Thanks, 

Sergio.