Ep 12: The Three Numbers That Control Your Iowa Flip Loan
One number was twenty-seven thousand dollars off, and nobody caught it before it nearly killed the deal.
Ninety percent of purchase price. Up to one hundred percent of rehab. None of it means anything if the after repair value underneath it isn't real.
Neil breaks down loan to cost in plain terms, what it actually covers, where borrowers get it wrong, and why the after repair value cap is the number that actually controls a deal no matter how good the other two look on paper.
They also dig into a real deal where a missing basement quietly moved a property's after repair value by twenty…
The skinny
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