Buy and Hold Rental
• Contract purchase price $82,000
• Rehab cost $10,000
• Wholesale fee $5,000
• Closing cost using Hard Money $5,000
• Total loan using Hard money $106,000
• The buyer owns the property now with a loan of $106,000
• Once work was done...
More
Buy and Hold Rental
• Contract purchase price $82,000
• Rehab cost $10,000
• Wholesale fee $5,000
• Closing cost using Hard Money $5,000
• Total loan using Hard money $106,000
• The buyer owns the property now with a loan of $106,000
• Once work was done refinance the property based on actual value
• Appraised value $142,000, is 75% which is $106,500.
The buyer
obtained a ‘rate and term loan’ of $106,000 to pay off the Hard
money loan.
30 yr PITI = $680
Rent = $1300
Cash flow = $620 per month, or $7440 per year
No money down, and has equity of $36,000
Paul@LincolnCommercial.
com
303.
419.
2180
Less
