I purchased with a an FHA loan and only had to put 3.5% down, but there are a ton of fees that come up with closing costs that you need to factor in.

Originally posted by @David Hodge:I just started J Scott's book on Estimating Rehab Costs.

If you are just looking to purchase solo take all the fees to 0% and LP equity % to 0 as well.Good luck!

Bought for $157,100.38 *** ***  ARV $245,000.00 5 bed 3 bath – Phoenix AZThese are the numbers from the HUD statement Bought for $157,100.38 *** * ARV $245,000.00 Existing Loan Amt Payoff $118,145.37 * Subject To $118,145.37 **** Closing Costs From HUD Title $1,045.00 Escrow $1,400.00 County Taxes $538.38 Recording Fee $120.00 Cash to seller $10,000.00 Misc other charges $525.00 Total Amount Due $ $13,628.38 *** Arrears To Bring Account Due Total Number of Missed Payments: 11 Total Payment Amount $10,095.47 Unpaid Late Charges $146.84 Additional Amounts: Foreclosure Fee/Cost $354.19 Unpaid Advance Bal $1,101.75 Total Amount Due $ $11,698.25 *** FHA Loan Mod 2nd $11,582.44 *** My Out of Pocket $36,909.07 *** Total Cost Basis of Purchase $155,054.44 ARV (After Repair Value) $245,000.00 Repairs Post Purchase $ 5,000.00 +/- Unrealized Profit $84,945.56 *** Equity (ARV minus Subject To payoff) $126,854.63 *** I strongly recommend having 3 months reserves as follows: Monthly Mortgage $917.77 (Taxes included) Electric Monthly $362.21 Water & Sewer Monthly $102.80 HOA – None $0 Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40                                                            Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month. *** My Out of Pocket      $36,909.07 Option Fee To Me      $20,000.00 My Adjusted Out of Pocket        $16,909.07 ****** My Cash Flow  *  $ 982.00 monthly **So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.

@Bob Willis I took your original post as the LLC being the LLC that was created specifically and only for the SDIRA.

Originally posted by @Ryan Garrison:For my Agent side, I use Kv Core, and it seems to do a good job.

I would prefer to sale.Step 2:  Say start of year 4With $264,000 cash in hand (should have added the original $35,000 down), you can now go do either SBA 10% or Commercial 25% downpayment deal for your next deal.$2,640,000 or $1,056,000 deals.A.  

Originally posted by @Haley Stephens:Hi fellow investors -I recently conducted two cost segregation studies on my rental properties.  

They look at the sales price and they take 20% of that, plus don't forget closing costs/fees.  

Better to just go with a traditional lender.I was originally going to use a traditional lender but it would take longer to close deals, I don’t mind paying the higher rate if I’m getting it fast.