The 70% that they typically refer to is a very common LTV % of the ARV for Hard Money lenders.ARV x 70% = max loanmax loan - repairs - closing costs (hard money origination fees, title fees, state fees) = MAOHopefully that helps, but like I said the closings costs vary by lender.

Loan origination fee is 0.5%.

Originally posted by Account Closed:usually you get the preliminary title report with in 3 days of opening escrow,why was the liens not discovered then ,but so late into escrow?  

Iim 25 year old and just moved from Chicago to las vegas (originally from Israel) and I want to start flipping houses in here and do it full time job!

Originally posted by @Megan Westerfield:Hi BP,Excited to finally be signed up for BP Pro, finishing up 'The Book on Flipping Houses' and have been on the hunt for a couple months now for a great first opportunity!

Originally posted by @Martin Morales: how many deals have you done thus far? 

Originally posted by @Byron Bohlsen:Hi Folks, New tenant informed me the garage door was going down and hit his car trunk as he was backing out of the garage, there are some light scratches on his trunk. 

As you noted in your original post, if you refi the condo, you're going to be negative cash flow and unlikely to match the rate you currently have on your property.

Originally posted by @Jessica Zolotorofe:Always pay an attorney for the first one. $350 is nothing!

Originally posted by @Moncy Samuel:Have a duplex property under contract looking to close.