how to use BRRRR calculator with bridge loan
Hey All,
Not sure if I'm doing this right but when using the BP BRRRR calculator, if I was to get a bridge loan then refinance into a 30 year fixed.
For the 'purchase loan details'
Down payment, loan interest rate but then when it asks for amortized over how many years a bridge loan would be 1, refinancing after 6 months correct?
Then under refinance loan details, the loan amount would be 70% of ARV and I tried to be conservative with an 8% interest rate.
Not sure If I'm doing this right as Ive come back with some very skewed numbers.