Real deal breakdown · Money Broker Society

Terrence Brannon

15d • ❓Questions

Real deal breakdown

@John Duda

and

@John Duda

Regarding the real deal breakdown I have some questions:

FIRST QUESTION: concerns funded down payment with 10k?

20% down payment on loan was 20% of what amount?

Cant be purchase price because 20% of 53k is 10,600
Cant be purchase price + closing because 20% of 61k = 12.200

Next, which liquidation service was used and how much did they charge?

Finally, Who financed the initial loan given that only the second loan was a DSCR loan and what type of loan was it? I'm presuming this was a hard money loan from a different lender than the 1 that did the DSCR loan.

Rehab funding

Did you pay the rehab people up front?
How did both sides protect themselves during the rehab? In other words if you weren't satisfied with the work did you specify the terms of refund? And how does the contractor ensure that the property owner doesnt charge back the charged amount for a frivolous reason?

Cash-out Refinance

DSCR lender gave 75% of ARV = 90k

Paid back debts:

Can you itemize the things you had to pay off with the 90k and show how that led to 5k of remaining profit afterwards? Eg. 90k - (80% of initial loan + rehab put on cc + ??? ) = 5k

Regarding 400/mo in cashflow

Would you be willing to fill in this calculator and screenshot the output - https://www.ridgestreetcap.com/blog/brrrr-calculator
Is there a different BRRR calculator that you use to analyze your deals? It seems that most people are charging for their BRRR calculators.

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Real deal breakdown