I just looked at a utility bill with a total charge of $184.12 but $116.50 is from base fees!

You'd need a detailed rehab estimate to confirm if the numbers work for a $360K property with an all-in cost of $420K.

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

I dont need to know this stuff I hire people to do it for me..

A very detailed and well thought out description of the landscape.

Growth is always better when shared, and I’m excited to inspire and learn alongside others.

Quote from @Collin Hays: I'm not big on automating guest communication.

How did you finance this deal?

Quote from @Micaila Frazier: Hey everyone!

That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.