In the Brrrr calculator what amount do you put in the refinance loan amount section? Is it what you plan on taking out, for example $30k or would it be $30k plus the original loan amount. Should I put 30K or 130K. Please advise.
You'd want to input the loan amount that you will be taking out when you refinance the property. Based on your post, it sounds like this would be $130K ($100K to payoff the original loan and an additional $30K in realized equity). Otherwise, if you would only put in $30K, the P&I payments would be calculated based on a $30K loan amount which would inflate your ROI and cashflow.