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?
@Evans Murray just remove any cost related to the financing. All other costs should be the same.
Thanks for the reply. I will check with the title company to get estimates for the other costs.