Rough BRRR Calculations - Help me analyze this deal
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What kind of property is this, @Courtney Benson?
As far as your analysis goes:
- You'll likely need 6 months to refi with a new appraisal.
- You can probably pull repairs and CapEx down to 15% combined. Especially after a big reno.
- You're more than tripling the value of the property. You should expect your taxes to go up proportionally.
- $10k+ in loan fees at the refi is A LOT. I'm sure you can do better. Shop around.
- What about lawn care, snow removal, and admin/professional fees?