Can I add construction loan calculations to BRRR calculator?

Can I add construction loan calculations to BRRR calculator?

Member since 2018 · 10 posts · 5 votes

I'm trying to calculate the numbers for a BRRR multifamily but I can't quite figure out how to build in the construction loan. Does anyone have any tips or hacks for this? My investment strategy has 80% construction loan built into it but I would like to have that be reflected in my calculations for potential investors. Thank you guys in advance... I'll be sure to share anything I'm working on as it progresses.

Thank You

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  • Investor · La Vernia, TX · Member since 2015 · 1k+ posts · 865 votes
    7y

    Howdy @Kien Gallwey-Grant

    If you are using multiple loans to Purchase and Rehab the property it is not possible to include both in the BRRRR calculator. Unless they have the same interest rate and term length. If that is the case you simply combine the amounts into one. That is one reason I cannot use the Calculator either. I use a Private Lender and HELOC or Personal LOC combination. I use a different program for my calculations and reports. It was created by another BP member. PM me if you would like more information.

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