I'd like a precise, accurate estimate for the ADU project before I buy a property.

By honing in on such a precise audience, this site is making it easy for targeted audiences to find exactly what they are looking for without having to wade through a multitude of listings that might not suit their needs.

Laying new tile takes a bit more precision.

I called over 50 lenders in Florida and found 2 that actually offered HELOCs on investment:Spacecoast CU and USF CUNot precise but Spacecoast had 2 programs - total closing costs around $350  w/ desktop appraisal (add in $450 if appraisal needed):1) 7 year draw I.O. with 14 yr repay- 70-75% LTV, 1 yr rate lock 3.74 top tier credit then to prime2) 7 year draw with 1.5% of principle payment, 14 year repay- 80% LTV 3.74 top tier credit then to prime.USF - ~$800 in closing costs not including Appraisal1) 7 year draw I.O. with 14 repay. - 70% LTV Prime +1 for top tier credit.I'm going through my second one with Spacecoast, the USF terms are from a few months ago so could have changed slightly.

There is not a standard or a precise formula for a BRRRR because it all depends on your loan LTVs, cash invested, and carrying cost...

Account Closed Then you need to be much more precise in your use of the language.In that case, you are wasting your time. 

Selling these types of properties can be pretty difficult if you ever wanted out.Having said all that, there are good deals in decent areas of South Bend or Mishawaka or possibly other areas in the Midwest that you can pick up for $30K - $40K and put $10K - $20K into and have a sweet buy and hold rental for $40K to $60K "all in" with decent double digit returns.It is also possible to get some good deals in decent areas for less money "all in" that may be in some type of distress or little to no distress.The key is having precise local market knowledge so that you buy in the right areas.

I don't have the precise data in front of me, but my guess is that the above areas have been the largest populated areas for over 100 years.

And, that Ihe "net cash" to the homeowner is the precise amount of the short pay to Ihe lender.It is important to use a title company who is familiar with the short sale process.Reminders when writing a Short Sale Contract1.

If anyone could go a little further in depth or a little more precise, I'd appreciate that 😄