BP Deal Analysis Calculator ?
2 Replies
Karen Chenaille
Rental Property Investor from Arlington, Vermont
posted over 3 years ago
Greetings,
I am almost ready to post my first BRRR deal up on the forum for the group to dissect. Before I do that, I am wondering where I would reflect a borrowed down payment and repair costs (I am using a heloc to fund) in the calculator.
Thanks in advance!
Brian McHenry
Specialist from Kansas City, MO
replied over 3 years ago
Repair costs (hard and soft costs) should be added to the purchase price. If you are using the HELOC to finance the reno you should include its costs as soft costs.
Karen Chenaille
Rental Property Investor from Arlington, Vermont
replied over 3 years ago
thanks!!! Makes sense.