The bummer part with going with variable accounts is the downside of the market, so definitely diverse your portfolio to save some of that for retirement and definitely look into tax free options.

Those variables can be controlled for.

Generally existing units range 10-20%'ish reduction from new, lot's of variables adjust that number but those are good averages to use.

As a builder I totally get what your saying on all the variables and so on, I was just curious what your build came in at, more as a "this is where new-con for investing is worth it for me" kind of thing, not comparing build-4-build as that's not possible at all.

Originally posted by @Caleb Heimsoth:@Kendrick Salazar if this is for an investment property you’ll have a rough time with this lender Its for my first BRRRR property so it wouldnt be for a home I wouldn't live in Idk if that changes the variables.

Your math seems right though.Real estate is a local game, meaning all your variables are unique to that area. 

The variables of the specific deal will affect the closing costs. 

CheersDave There are a lot of variables, but a lot depends on you. 

Variable rate but right now rates are so low that it’s a great opportunity.

I am looking for some direction on securing financing for renovation on a mixed used property that I already own without using my own money.Some background: ~ We currently owe about $100k - purchased 2.5 years ago @ $149k via commercial loan (25% down, 5yr fixed @ 5%, 5yr variable with balloon after yr 10) (PI = $735)~1 commercial space in the front (beauty salon, which is owned & operated by my wife) and 2 apartments in the rear (1/1 ground level & 3/1 above).~ We did a renovation to the commercial space (approx $35k) when we first bought the building including new electrical, plumbing and heating/air.