Your current lender is your best bet.

You did save the 21k pretty quickly if I recall, so if this is attainable in your area you could just get another one pretty quickly.Have you already done each of those calculations?

Essentially since this is so highly leveraged you would have a much lower IRR that a more nomally leveraged property, and you could not calculate cash on cash at all since there is no initial cash investment.

If you don't understand how to use a financial calculator, I recommend you seek out Gary Johnston.

I have only been an agent for a few months now and my main focus is on Multi-Family properties (only agent in the office in Multi-Family). I was wondering if there is a rule of thumb when it comes to deferred maintena...

Best bet would be to get your 2 years history built up and then look at a refinance.

Question is, how should I calculate the charge for replacing the carpet?

The key is to get a high LTV which is possible through a few approaches I learned.The reason I like this idea is because I calculated that each deal (good deal) I do with a credit partner will bring the account about 800/month and cost us 400/month for debt.

I bet if pricing were opposite Don, pretty boy were cheapest and the other crew the more expensive, you would have been happy and proud to have paid the more to the skilled pro guys and gotten things done right and timely.

I'll bet the investor's analyzing your deal have ...- After Repaired Value (ARV)- Rehab & Construction- Closing Costs - Purchase Side- Closing Costs - Resale Side- Real Estate Agent Commission - Resale Side- Property Taxes- Insurance (1 year)- Utilities (6 mths)- Interest Payments (6 mths)- Rehabber Profit Requirement