Rental Calculator and Hard Money Lending

[Demetria Riddick]

How do I use the calculator to analyze a deal if I'm using hard money for financing?

[Account Closed]

Hey Demetria, the calculators should work pretty much the same regardless of the type of loan you're getting. Hard money loans will typically have different interest rates, repayment periods, or down payments, but we allow you to configure all of those values right in the calculator. 

If you only intend to hold the hard money loan for a short period of time while you are rehabbing the property, I'd encourage you to take a look at the BRRRR calculator. It is specifically meant for the scenario where you have a less favorable loan initially while a property is being acquired and worked on with the ultimate intent for the investor to refinance into a 2nd loan later on.