is this a good deal???

General Real Estate Investing
1

Is this a good deal???

bought house for 113k

ARV 210k

repairs 15k

purchase+repair 128k

HML 147k LTV(70%)

sale for 182k

profit 35k

Do those #'s work???

                                                   rhee
2

what about holding and closing cost are those figured in the repair cost and whats the exit

3

hmmmmm…good ?..lol

no…closing cost and holdong cost are not factored in…
as far as an exit…if i don’t sell by a certain time can i refi with a more convent. loan and rent out instead.???
am i right??? ??? ??? ???

                                        rheebaby
4

Robb…where are you??? :‘( :’(
I need your input…plzzzzzzzzzzz

                                                     rhee
5

Does it make common sense if so do not over analyze it or you will never do it because if its a good deal someone else will do it for you! let’s say you sell it in two months and make a profit of 5k that is 5k more then you had and now you learned something!! LOL Robb

6

Thnxs Robb

      I love how you put things!!!!! (i think)lol

                                                          rhee
7

Also, since most HML’s are experienced in the area of lending for rehabs or in many cases rehabbers themselves, if they will loan you money on the deal it’s usually a decent / good deal. HML’s aren’t out to lose money or take risks that are too great either. It’s very easy normally to tell if the deal isn’t ‘good’ (this doesn’t mean you still can’t do it, it just means it’s riskier) because the HML won’t lend you the money.