The 90 Day Flip Rule and Loan Terms
FAR 039 Topics: Real Estate News Investor Uh-Ohs Contractor Fails Investing SCAMS How do I calculate the costs of my deal? Emails: Arianna from Long Beach: \u201cI keep hearing about the 90-day flip rule. What is it? How does it affect me as an investor?\u201d Dennis from Denver, \u201cI\u2019m confused by all of the terms of a hard money loan. Can you explain what they mean and how it works? How can I know what this is really costing me?\u201d ARV CV LTV TLTV Points Rate Term \xa0 Look for: % of purchase funded % of rehab funded Funding limit (as a % of the total project cost) Additional fees: Draw fees? (inspection - $125-150 is reasonable). Loan processing fees? Doc fees? Blah blah blah fees? \xa0 Ken from Milwaukee, \u201cYou\u2019ve mentioned on the show that you know your daily cost of a project. How do you calculate that?\u201d