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Partner Project Investment Summary – FLIPProperty Address[ ] Current Property DetailsMLS Listing: Click here Zillow: Click here Project TimelineProject PlanPurchase and renovate current property located at [ ] and [describe details of planned renovations]. List for sale upon completion of renovations. Other details you may wish to include: [Construction plan and details; Information regarding expected contractor]. Current Details of PropertyPost-Renovation Details [ ]-Bedroom [ ]-Bathroom [ ] sq. ft.[ ]Table of ContentsProject Financial Terms See pg. 2Comparable Recently Sold PropertiesSee pg. 3Renovations to Be CompletedSee pg. 4Investment ScenariosSee pgs. 5-6Projected Financial TermsEstimated After-Rehab-Value (ARV)$Expenses Purchase Price:$ Purchase Closing Costs:$ Mortgage/Loan Payments$ Mortgage/Loan Prepayment Penalty (if applicable)$ Repairs$Holdings Costs Taxes:$ Insurance:$ Utilities:$Resale Costs Resale Commission:$ Other Resale Closing Costs:$Total Expenses:$Gross Profit$Profit Net of Taxes (Net Profit)$Variable Assumptions for Calculations:Months Property Held Before Sale:3Resale Commission % to Agent:6.0%Other Resale Closing Costs (% of sale price):1.5%Expected Tax Rate on Resale Proceeds:25.0%Comparable Recently Sold Properties124 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.] 125 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.]126 Main St.: [Comparison Description] [Link to public listing – Zillow, MLS, etc.]Renovations To Be Completed Outside of house: Flooring: Painting: Bathroom: Living Room: Bedroom: Bedroom: Basement: Deck: Porch: Appliances: Windows: Furnace: Roof:Optional but suggested: [ ] [ ]Additional Notes:Investment ScenariosScenario 1: – Cash Purchase Between PartnersKey Assumptions:Property purchased with cash between partners (no loan)Partners split the cost of the property and repairsSummary: Expected Net Profit:$ Out-of-Pocket Costs (Purchase Price and Rehab costs) per person:[You]$ [Partner]$ Total:$ Total Percentage of Out-of-Pocket Costs v. Total Costs to be Paid by Each Person[You][50]%[Partner][50]%Cash Profit Upon Sale [You]$ [Partner]$ Return on Investment [You][ ]%[Partner][ ]%Scenario 2: – Mix of Cash and Loan Key Assumptions:Property purchased with cash down payment and loan Partners split out-of-pocket costs and loan is in name of one or both partnersPartners split the cost of the property and repairsSummary: Expected Net Profit:$ Out-of-Pocket Costs (Down Payment for Loan, Loan Costs and Rehab costs) per person:[You]$ [Partner]$ Total:$ Total Percentage of Out-of-Pocket Costs v. Total Costs to be Paid by Each Person[You][50]%[Partner][50]%Cash Profit Upon Sale [You]$ [Partner]$ Return on Investment [You][ ]%[Partner][ ]% ................
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