Share your BRRRR Calculator?

[David Bell]

Hi all. I'm new to Real Estate Investing and I was wondering if any of you are will to share a BRRRR calculator analysis for one of your successful buy and hold deals. You can PM me. I'm anxious to get started but figuring out the financing is a bit discouraging. Thanks! Dave

[Adam Adams]

Ok, well I haven't yet financed the three I just bought but when I do it may look something like this:

(Actual numbers for one of my rentals in Ohio)

Step 1) "BUY" Purchase a 4 bed 2 bath home for 10k, home has an ARV of 62k, but needs 18k in rehab.

Step 2) "REHAB" Put in the 18k and your "all in price" is 28k. (Over 50% equity)

Step 3) "RENT" Now you go get a tenant. (Currently mine is only paying 450/mo)

Step 4) "REFINANCE" go get funding for your newly remodeled rental. I would at least get your cash investment back out, or more when possible. (In this case I think I should be able to get 70% of the value which is 38k)

Step 5) "REPEAT" take the 38k from the rental and out that money back into a new project/asset.

I HOPE THIS HELPS!
-Adam Adams