In the city, closed sales were up 12.6%.

Third, if they have $2bn of agreements (whatever that even means) why haven't they actually started building anything or even closed on the land.  

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Now, Kiavi is telling me I need to bring $20,000 to the closing table** to make this work because they’re lending at 70% LTV.

With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

I was going to put down 5% (about $40,000) at closing.

Right after I closed on that one the insurance company demanded I make a couple thousand dollars of repairs.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

Subtract the flat fee buyer agency fee of $6000, meaning the buyer is credited $6,500 at closing.