Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

The loan information is the only area that I believe I may have messed up as I put the total fees from the quote ($6799.91) as the points but I'm pretty sure that would be incorrect. 

I was just on the BP Rookie podcast, talking about virtual assistants, and this community has been incredibly welcoming.

Have you heard of the term "acting in good faith" ?

Congrats Subbing work out in the high desert aint for the faint of heart.  

Most of my experience is with larger multifamily, so there's only so much information you're going to get from the owners of those properties on the front end.

My suggestion is the following:If all of your properties are in separate LLCs, under the Baselane Banking tab on the left, create an Account for each Entity you have.

Generally, SBA loans can only be used directly for real estate purchases if the loan is being used to purchase a facility for a non-real estate investment business that will owner-occupy at least 51% of the property.

You’re absolutely right—at the end of the day, real estate really does come down to the numbers.

I visited Fort Wayne this past weekend to research the neighborhoods and get a feel for the market.