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!
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.
thanks!!! Makes sense.