How to Get More Money Out of a Deal

We paid $5,000 in closing costs. We had estimated repairs of $50,000. The total cost, what we paid for the house plus the repairs plus the closing cost was $275,000. And then we had an after repair value of 350, which means when we got an appraisal after this was done, the bank said it's worth $350,000. They're going to give us a loan for 80% of 350,000, which is the same as if we bought it and put 20% down to the bank. Now that may seem too good to be true, but those of you that understand the burn method get, it's not. This is how

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