Can you qualify for a traditional loan?  

I used this equation to back into my maximum allowable offer (MAO)ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

My goal is to start with a solid foundation, and I would prefer to hold this property for the long term, making enhancements as needed.This property is in an area with many homes built around 1900.

Also, accounting for flip is different from buy & hold or wholesale, so make sure your process and procedures are set up properly. 

Mostly a long term buy and hold investor on Philly who has recently started pivoting into the MTR space.  

Investment Info:Condo buy & hold investment.

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.I use this equationto back into my maximum allowable offer (MAO)ARV - Rehab Costs -Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage ofARV = MAO

Investment Info:Large multi-family (5+ units) buy & hold investment.

Unfortunately, a broker got wind of the sale and now moving forward is hinging on what value this broker holds in front of them.

My understanding about this product is that it is intended for acquiring and renovating, and then I would refinance into a more conventional loan to finance long term as I do hold properties.