Budget
Determine Your Available Budget for Rehab/Improvement
Use the simple formula below to determine your budget. Examples are provided to help
you work the calculation.
Determine Your Available Budget for Rehab/Improvement
Use the simple formula below to determine your budget. Examples are provided to help
you work the calculation.
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The above formula takes the LESSOR amount of either the Value of Property Rehabbed
of the Property EQUALS Your Budget Available for Rehab (less some additional costs).
of the Property EQUALS Your Budget Available for Rehab (less some additional costs).
| Your Budget |
Example #2:
Your Maximum Loan Amount - $300,000
Value of Property Rehabbed - $175,000
Property will Cost - $100,000.
Answer: Since Value of Property Rehabbed
is the lessor we will use the
$175,000 - $100,000 = $75,000
Available for Rehab (less some additional costs)
Your Maximum Loan Amount - $300,000
Value of Property Rehabbed - $175,000
Property will Cost - $100,000.
Answer: Since Value of Property Rehabbed
is the lessor we will use the
$175,000 - $100,000 = $75,000
Available for Rehab (less some additional costs)
Once completed, proceed to: Your Team - Build a Team of Professionals to help you
through the process
through the process
| (whichever is less) |
| Purchase Price |
| Rehabbed Value or Maximum Loan Amount |
| = |
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Your Maximum Loan Amount - $200,000
Property will Cost - $125,000.
Answer: Since Your Maximum Loan Amount
is the lessor we will use the
$200,000 - $125,000 = $75,000
Available for Rehab (less some additional costs)
Property will Cost - $125,000.
Answer: Since Your Maximum Loan Amount
is the lessor we will use the
$200,000 - $125,000 = $75,000
Available for Rehab (less some additional costs)
Click Here to find the VALUE of an address or a particular area.
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| Crashing Made EZ |