Here's my math:Purchase: $3.8 millionRehab: $3.7 millionInterest: $1.125 million (15% on bridge loan for one year)Points: $.345 million (4 points on purchase, rehab and interest)Total: $8.97 millionRent:$1.5 mil/yearExpenses: $750,000/year (on a big complex, they certainly will be this much)NOI: $750,000l/yearPayment: $968,000/year (9%, 20 year term, on $8.97 mil)Annual loss: $218,000/yearThat assumes you can complete the rehab and get it fully leased (i.e, filled consistent with local vacancy rate) in the year.

Send a resume of your team, inspections, and stabilization plan from your trades to your hard money/bridge lender E) They will send 3rd party inspections F) Get funded and close with a good title company.

I studied interior design and an architecture bridge course in SA, and have always had a passion for small, creative development.Although I have been working as an art director, I am now ready to start the journey of property investment.My goal is to start with raw-land investment or flipping while learning the ropes a bit to ultimately start creating unconventional, eco-friendly and sustainable retreats and or rental properties.I am keen to learn from as many people as possible and share my experience and learning with the community as I go.Lastly, thank you for creating such an inviting environment for a novice to be a part of.

Anyone familiar with bridge lenders in PA?

Took me 2 years to get to the right people and a lot of money, time an stress under the bridge.

I didnt want to step on toes and burn potential bridges, asked him if he wanted to work together to do a joint deal and he declined.

@Matthew Bridge there is no invite requirement.

Easy for me to say 600 miles away and no market knowledge of your area but price just feels too high for that property.I am typically looking for north of $75/door preliminarily in cash flow...after modeling in all expenses, debt service and usually secondary investor/HELOC/bridge finance.  

bridge yet...) 

I agree with the others who say don't burn your bridges with your agent.