The 70% rule said I could pay $202,500 for this Leander flip. Once I ran the real underwriting, the all-in acquisition came to $211,781 after a $20,000 wholesaler assignment fee, lender points, processing fees, title, and insurance. Rehab then ran almost 20% over budget, and holding costs stacked on top across a two and a half month hold. The deal still projects around $60,000 profit, and I only knew that because I ran every line before I signed.
▶️ Watch the full 13-minute walkthrough. I screen-share the actual underwriting, line by line, including the parts that made me wince.
What line item has burned you worst? Rehab overruns, lender junk fees, or a hold that ran long?