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Category: Big Deals Current Grade: ? Total Views: 654 Member Comments: 5 |
Posted on: 09/11/2007 Posted by: kdessinger Blog Points: 124 View all blogs >> |
This rehab deal came across my desk today. I've already analyzed it, pulled comps and I believe its a good money maker. I have a PDF package available. I cannot take advantage because I'm maxed out with work.
4628 KERMIT ST
HOUSTON, TX 77009
Income: $225,000
ARV: $225,000+ (Low comps)
Expenses: $184,267
Purchase Price: $135,000
Closing Costs: $1,669
Holding Costs: $12,598
Rehab Quote: $35,000
Strategy:
Rehab + Double Close
Time Line:
2 Months
Profit: $40,733
Gross margin after financing: $40,733
*Note tax benefits are not added into the potential profits.
If your interested contact me.
4628 KERMIT ST
HOUSTON, TX 77009
Income: $225,000
ARV: $225,000+ (Low comps)
Expenses: $184,267
Purchase Price: $135,000
Closing Costs: $1,669
Holding Costs: $12,598
Rehab Quote: $35,000
Strategy:
Rehab + Double Close
Time Line:
2 Months
Profit: $40,733
Gross margin after financing: $40,733
*Note tax benefits are not added into the potential profits.
If your interested contact me.
I'm not sure what the interest rate is, We use hard money rates on the calculations 13-14% interest only .. Again, lots of fat on the deal.