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I will thumbs up if you answer quick. PLEASE GIVE ANSWERS WITH 4 DECIMAL POINTS An investor is considering the purchase of a distress property.
I will thumbs up if you answer quick. PLEASE GIVE ANSWERS WITH 4 DECIMAL POINTS An investor is considering the purchase of a distress property. She requires a return of 12% on her real estate investments. She Anticipates the following: 1. That she can secure an interest only loan in the amount of $350,000 at an interest rate of 3.75%10. 2. That the property will not generate any income in the first year. 3. Expenses for the acquisition, renovation, and ongoing expenses in the first year are as follow: 1. Loan cost $3,250 2. Title search $1,575 3. Renovation $45,000 4. Landscaping $1,800 5: Insurance $3,750 6. Property tax $6225 7. Seling cost $7.000 What is the maximum amount would she pay for the property if she anticipates selling the property for $520,000 in one year
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