How to account for initial LOC financing on BP rental calculator?
I'm relatively new to BP. My LLC has set up a LOC based upon the equity in our first property (a short-term vacation rental). We are looking to purchase a SFH or small multi family rental. We plan to use the LOC to purchase the property then obtain long-term financing. Essentially, a BRRRR without major rehab. However, on the BP rental calculator, I'm struggling with the analysis of the first-year numbers since there is no way to account for an interest-only finance cost. Am I missing something? Any input is greatly appreciated.