Key Points

Step 1: Calculate ARV:

• Start with market comps:

• Same bedrooms, bathrooms, and square footage.
• 0.25 miles and 30 days for the most accurate data.
• Expand gradually to 1 mile and 60 days if necessary.

• The Black Book Advantage:

We fund based on ARV, giving you more leverage to make deals work.

Step 2: Estimate Rehab Costs:

• Break it down room-by-room:

• Measure square footage.
• Identify fixtures, doors, and flooring upgrades.

• Include:
• Labor, materials, permits, and a 10% contingency buffer.

The Black Book Advantage:

 Flexible disbursements ensure you get funds when you need them to keep projects on track.

Step 3: Evaluate Profitability:

• Use the formula: ARV - Purchase Price - Rehab Costs = Profit.
• Aim for a 20-30% profit margin for both you and your lender’s confidence.

The Black Book Advantage: We look for strong ARVs and well-documented rehab budgets to streamline approvals.

The Black Book Advantage

• ARV Focused Financing:
  "We prioritize the After-Repair Value of the property to maximize your borrowing power. This means more funding for your deals and bigger opportunities for profits."

• Rehab Budget Support:
  "Need clarity on estimating rehab costs? We’ve seen it all—our process ensures you can submit realistic, detailed budgets that lenders love."

• Built-In Flexibility:
  "Unexpected costs happen, which is why we support you with flexible funding solutions and quick disbursements for rehab expenses—keeping your project on track."

In Layman’s Terms:

"With Black Book Lending, we’re not just funding your project; we’re helping you plan,

 budget, and execute like a pro."