
13 March 2015 | 2 replies
Here's an example:-$230K sales price w/20% down is $184K loan amount-30 year fixed rate mortgage at 4.5% is about $950/month-Rent=$2000/month-Mortgage=$950/month-Taxes=$250/month (guessing)-Vacancy=$200/month(10%, which is about 1-month per year)-Insurance=$110/month (guessing)-Management=$200/month (10%)-Maintenance=$200/month (10%)=$90/month cash flowThese are estimates since I do not know your tax rate and insurance.

25 March 2015 | 26 replies
Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

10 September 2015 | 104 replies
They usually raise the comps and show the deal on paper using only the purchase price, estimated cost for repairs and the ARV.

17 September 2015 | 13 replies
Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

15 March 2015 | 11 replies
-Budgeting for repairs and capital expenses:When estimating your monthly cash flow, I've heard many recommend to budget 10% for CapEx and 5% for basic repairs.
21 April 2015 | 5 replies
Total rehab: $17,270 (estimated was $18k and change)The numbers on this deal:Purchase Price: $72,000 cashRehab Costs:Kitchen Granite: $1300HVAC upgrade: $500Electric Fixtures: $800Interior finish: $2300Bathroom: $800New floors: $2800Dumpster: $1000Deck: $3000Microwave oven and elec: $600Rotten wood removal: $895Deck stain: $595New sod: $1795Shutters: $295Concrete stain: $495Mail box: $95Total rehab: $17,270 (estimated was $18k and change)Total cost: $89,270Sold price: $115,000Profit: ~$25,730 (after soft costs it should come out to around 20k, need to figure those)DOM: 150They really nailed the rehab budget and for that I give them credit.

29 January 2017 | 9 replies
Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

17 March 2015 | 5 replies
I bid on the Fairview property for $96,500 and lost so I'm guessing the sell price ended up being pretty close to what @Mark Updegraff estimated it at around $100k.

23 March 2015 | 15 replies
Although the scores are estimates, their website should point out the problems you have on your report.No offense, that is a really low score.

16 March 2015 | 8 replies
I've heard estimates of $130-$200 per sq/ft... is that correct in your opinion?