Hi BP community, my name is John Bell. I

Purchase price: $178,000 Cash invested: $100,000 Sale price: $322,500 Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR.

Purchase price: $178,000 Cash invested: $100,000 Sale price: $322,500 Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR.

That said, there are A FEW people on this forum who have established themselves to such an extent here on this board that "private lenders" might consider doing business with them without ever meeting them (and, in my opinion, Jay Hinrichs is one of those rare birds - but you will have noticed that he has >30'000 posts/votes, and you have 12), but for the rest of us, its strictly a belly-to-belly thing.

Since there is a lot of fat on the bone due to the mismanagement, the NOI is not the only value determinant...especially in this market.

However, my husband and i have been on a FAT version for a while; i guess without having a name to call it.

Pencil in some guesstimates if it makes you feel better, but it should be a nice fat margin where you can afford to spend a couple hundred more in one month or another without feeling a pinch.

@Christopher BellI have one condo rental in a very different market (san francisco).

In the old days we would call long-term employment or a fat savings account a “compensating factor“.

Although there is still some significant fat left in the deal, and we underwrote for a 1 year timeline, there have been many hiccups along the way.