How to calculate money left in deal ?
We are now in the process of purchasing property no 6 all individual family buy to lets. We don’t fancy HMO’s but obviously know that is where the money is, we will be looking at doing some flips along with a neighbour who is a builder.
My question is, we have now re-financed some of our properties and 2 for the second time, when we come to calculate how much money we have left in from the initial deposit do we use the money we receive back to go into our bank account or for instance:
Property cost initially £150k deposit £37,500(25%) then re-finance 6 months later and the property is now worth £175k, do we use this figure or what we receive back to calculate our way to no money left in.
Help Thanks
Sue
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Member Since February 2011 - Comments: 3453 - Articles: 286
1:12 PM, 3rd February 2016, About 10 years ago
Hi Sue,
I think the question may be confused by a phrase that has no single meaning. To help clarify could you confirm the purpose of the calculation you are trying to make.