Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

53
Posts
16
Votes
David Taylor
  • Real Estate Agent
  • Onalaska, WI
16
Votes |
53
Posts

[Calc Review] Brrrr Triplex Is this right?

David Taylor
  • Real Estate Agent
  • Onalaska, WI
Posted

View report

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

Did I do a Brrrr right? 

Purchase property at 250K, add 30K in repairs. Estimated ARV is 320K. With the calculator when I go to refinance what would I input as my "new" loan amount be? If I'm trying to do the 65-70% cash out. Am I getting the new loan for all $320K or a lower amount as there would now be equity in the home? at 320 it still cashflows but just a little bit.

It's this one piece that is confusing me, but once I get it I think we are ready to move on our first property. 

Thanks! 

Most Popular Reply

User Stats

2,206
Posts
1,253
Votes
Replied

@David Taylor on an investment property you can pull out 70% ARV so $224 000. With your rehab budget of $30000 you can only offer $194000 for the property to do the BRRR.

Loading replies...