Updated almost 5 years ago on . Most recent reply
Question about BRRRR calculator
Good evening everyone. I hope you had a great weekend! I have upgraded to a PRO account and have been running numbers on some BRRRR properties and they've ALL come in at a monthly loss. I was pretty surprised.
My question is on the refi do you plug in what the property will be worth after the rehab/upgrades? Is that including the cash out and do you then lose money each month on the refi?
Most Popular Reply
Hey Mark, there is an individual entry for purchase price, initial loan amount, after repair value, and the new refinance loan amount. Make sure you have them in the right places, that might be you problem. Do the same foe tour expenses and verify appropriate amounts are used.Or, you rental rates or too low, they very well could be losing money every month.