Updated almost 7 years ago on . Most recent reply
Pulling my hair out! I need help analyzing my first property!
Hey BP family!
I have been researching and learning about real estate investment on and off for the last 3 years. I recently sold my stake in a rental property that I was part owner with my parents on and now I want to get my money back to work.
I have am working with a realtor in my area to locate multifamily investment opportunities and I think we have found one! I am having trouble interpreting the BRRRR calculator results and would really appreciate some veteran help.
If there is anyone out there who can help me dig deeper into this deal your time and expertise will be greatly appreciated!
Questions I have:
1. How am I supposed to know all the loan information before I have the loan?
2. How do I estimate what I am going to refinance for? Is it just pulling comps? What if there are no good comps?
3. Is there anything I am missing?
*I have estimated some of these numbers such as the purchase closing costs and ARV. What do I need to do to get more accurate numbers there?
*This link comes directly from our calculators, based on information input by the member who posted.