Using Heloc with BP BRRRR Caluculator

[Anthony White]

Using my Primary Residence HELOC to start the BRRRR process on a few rental properties - how would I use the BRRR calculator to input the information, since it is not really a Cash purchase (I still make payments on the interest on the HELOC) and its not a mortgage because I am able to buy these properties cash with the HELOC.

Any help appreciated! 

Thank you!

[Chris Mason]

Originally posted by @Anthony White:

Using my Primary Residence HELOC to start the BRRRR process on a few rental properties - how would I use the BRRR calculator to input the information, since it is not really a Cash purchase (I still make payments on the interest on the HELOC) and its not a mortgage because I am able to buy these properties cash with the HELOC.

Any help appreciated! 

Thank you!

Loan amount = draw amount, rate = rate, and since most HELOCs are i/o check the i/o box.