[Calc Review] Help me analyze this condo BRRRR
*This link comes directly from our calculators, based on information input by the member who posted.
I'm a newbie still getting my head around the calculators, and have some questions to make sure I'm using it right:
- • Is the Amortization period for the initial loan on a BRRRR usually a normal period like 30 years, or do we put in a lower number, since we only hold that loan for like six months?
- • Are the holding costs calculated for you in this calculator, or should I be adding them into the renovation costs?
- • If you don't want to take the full 80% of equity out during the refinance, is this minimum you'd refinance for adding up the purchase price + renovation & holding costs?