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Updated over 2 years ago on . Most recent reply

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Peter Pappas
  • Real Estate Broker
  • Fayetteville, NC
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How do I use "Hard Money" in the calculator | Finance Help

Peter Pappas
  • Real Estate Broker
  • Fayetteville, NC
Posted

I Have several hard money and private money offers, but I want to model it properly for my partner. 

How Do I use the BP Calculator for BRRR where the initial year is Hard money and then converted to a secure loan. I entered $60,000 for repairs, but we'll get the purchase price and the repair from the initial Hard Money source---- should I change the hard money loan principal or leave the 'repair cost $' as I have it?

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*This link comes directly from our calculators, based on information input by the member who posted.

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