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Updated almost 7 years ago on .

User Stats

87
Posts
47
Votes
Jodi Gauthier
  • Real Estate Broker
  • Houston, TX
47
Votes |
87
Posts

BRRRR Calculator Question

Jodi Gauthier
  • Real Estate Broker
  • Houston, TX
Posted

I am using the BRRRR calculator for the first time and am having some difficulty inputting my numbers and getting accurate figures for a property I rolled repair costs into. I purchased the property for 182k. The bank loaned me 196k (80% of purchase price plus repairs). If I put the actual purchase price in and my down payment then that gives me an inaccurate 1st loan amount in my calculations. Do I put the total repair costs financed + ltv as my purchase price and deduct the repair amount from repairs section (I will still have a figure in the repair box as I went over budget and used some of my own funds). How do I account for the cash I put as down payment without it distorting the loan amount? I'm sure I'm making this way more complicated than it should be and could use some guidance from anyone that has analyzed a deal with rehab costs rolled into the loan.

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