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Thomas Cotton
Pro Member
  • Flipper/Rehabber
  • Raleigh, NC
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4
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BRRRR Calculator Broken?

Thomas Cotton
Pro Member
  • Flipper/Rehabber
  • Raleigh, NC
Posted Aug 16 2016, 12:43

When using the BRRRR calculator it always assumes you are getting income from the property from the day of acquisition. There needs to be an option when filling out the income section of how many days into the project would the first income start. If you have 1-6 months of repairs before the first tenant moves in it can definitely throw off the numbers. Example: 6 months X $2000 Rent = $12,000 That is $12,000 you will be negative that the calculator doesn't account for.

I do know that the calculator is in BETA and there is a warning about that but I just wanted to let everyone know that the tool should not be used without this consideration.  I did submit this to the email address mentioned on the BETA warning on July 5th and was told that it would be escalated to the development team. I was also informed that I would receive updates on this but I have not received anything as of now.

If anyone see something I have overlooked or missing please don't hesitate to let me know. Thanks!