All Forum Posts by: Teresa Blake
Teresa Blake has started 1 posts and replied 1 times.
Post: How to include private funding in the Bigger Pockets Calculator
Teresa BlakePosted
- Rochester, NY
- Posts 1
- Votes 0
I just purchased my Pro membership and am trying to use the Bigger Pocket Calculators. How do I include private money in the BRRRR calculator and the Rental Property Calculator? I intend to use private money and my own money to purchase a property. The private lender charges 2 pts and 12 percent. I plan to rent out the property after a 3 month renovation period. At 24 months, I will pay back the private lender and obtain a conventional mortgage/refinance.