All Forum Posts by: Simone Nicholas

I am looking for a template that will calculate the a maximum  cost to purchase a fix and flip , with a variety of financial options and then a template to manage all project costs. I can create one, just not trying to reinvent the wheel.  I have use the calculator on Bigger Pockets but it only allow for dollars instead of % to calculate.  

Thanks in advance.

Simone

Great questions that I had not poised to myself. I was more focused on the utilization ratios being high which didn’t allow for me to pull the equity out. If I did not refinance the debt it would take almost 5 yrs vs 2yrs 8months to pay off. That would also allow me to lower utilization and get the equity out at an even lower rate. 
This forces me to not use the card for purchases and only for emergencies. 
thank you

Looking for ad use on whether to take out a personal loan to pay down my high interest rate credit card debt to increase score or are there other options in pulling equity out of the house. Appreciate the help.

Hello All, 

Very excited about an upcoming opportunity to manage a STR for an owner. I am looking for a sample of a management contract that I can adjust to my needs. I appreciate any advice from the seasoned STR operators.

Thanks Simone

Thanks a bunch. I have room to reduce the cash out and lower the build cost slightly I will rerun the numbers to see. 

I am trying to determine if the purchase of this house is a good deal for tear down and new duplex construction numbers are 105k for house $225k for renovations. ARV $450k. Using private money about 17k cost and looking to take 50k out after refi. Cash flow approx $538 a month. So a couple of questions. Will I find a lender to refi with 18% equity left. 2 Don't understand the 2% rule my calculations shows 1.02% and lastly 3. Do I have to hold 6 months in total or after renovation before refi. Thanks for all the help. First time using private money.