For anybody that’s having trouble knowing whether a property will qualify for a particular deal, or what the maximum is they can offer for a property, or the most they can spend on rehabbing etc to qualify I have a spreadsheet that will let you plug in the sales cost, ARV and rehabbing cost and details of the loan program and it will give you the answer. It’s not 100% guaranteed to give the exact same figures as your lender, but it is definately close enough to allow you to feel comfortable about the outcome, and should save time when you have a few different loans to choose from (rather than asking every lender if they can finance the deal).
Anyway, if anyone is interested in a copy just email me and I’ll send it to you, I’ll be adding to it as time goes on to hopefully improve accuracy and include things like profit margin holding costs etc and will keep sending out the updates to anyone who wants it.
Dave N