I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
I have a question, I'm closing on a flip next month and need help with my final buying costs based on my HUD. I've done the calculations, but my numbers don't add up. --------------------------------------------------...
I have hit a wall trying to build a relatively simple math formula to assist in our fix and flip business. We would like to be able to quickly compare deals based on a target ROI of 40%.I am attempting to flip a form...
OK, so say I get an FHA 203K streamlined or Home Path Renovation Loan with seller's assistance for closing costs. Am I missing any potential upfront costs that I need cash for? And are there are any other must ha...
Should you estimate the same amount for buying costs when buying at an auction as you would when buying through the more traditional method? I am using hard money.Thanks for any help, and if you need more info, please...
Where I live, I have seen wholesalers post houses at 88%. I am trying to get into both rehabbing and wholesaling. I think that if I'm waiting for a house at 70% value, I will be waiting a long time. I'm in central Flo...
Hi BP Friends! New is this thing of flipping houses, some questions that i have, and hopefully some of you can help me out.1. When purchasing the house, who pays for the closing costs?2. Other than closing costs, what...
I am new to Pro, I am beginning to use the calculators to analyze deals. Are there some rule of thumbs to use on things like the hazard insurance and such? Is it common to have a standard amount for selling and buying...
When getting a private or hard money loan what part is the most frustrating?
- Initial intake?
- Filling out loan forms and getting them in?
- What part of the process is the most difficult?
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle