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Updated about 6 years ago on . Most recent reply

Evans Murray's profile image
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Evans Murray
  • from Clarksville, TN
  • Member since Mar 17, 2019
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Evans Murray's profile image
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Evans Murray
  • from Clarksville, TN
  • Member since Mar 17, 2019
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Evans Murray
  • Clarksville, TN
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Starting Out

Calculate Closing Cost when Using a HELOC

Evans Murray
  • Clarksville, TN
Posted

I am considering purchasing a property using the BRRRR strategy. It's a 3bds, 2ba and I plan on offering $50k for the property. To finance the deal, I will use my HELOC which should cover the cost of the property and the rehab. Since I'm not using a traditional mortgage to finance the property, how should I calculate the closing cost with the BRRRR calculator?

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