used the calculator, I think it uploads from there

If anyone has tips on this, valuation calculators, subcontractor findings, etc. please interact below! 

View report*This link comes directly from our calculators, based on information input by the member who posted.I am purchasing this as my primary home and I was going to rent out a room or two.

Here's some tips:BRRRR SKILLS NEEDEDGenerally speaking you will need several things to successfully complete a BRRRR: ARV - being able to calculate the Value on your own (meaning, without the wholesaler telling you the value) is really important.

Calculators?

You get that back if you sell, but if you keep it as a rental it takes 153 months or 5 years to break even on your down payment alone.https://www.redfin.com/IN/Indianapolis/1515-E-Kessler-Blvd-Dr-46220/home/66981054ARV / Sell Price$235,000We Calculate All CostsPurchase Price$152,75065%Closing Costs$2,000Rehab$30,0006 Months Carrying Costs$9,114Real Estate Selling Costs$14,1006%Other$0Other$0Total Rehab Costs$207,964Now We Calculate ProfitARV / Sell Price$235,000Total Rehab Costs$207,964Gross Profit$27,036IRS Tax$4,05515%Net Profit$22,981Per month profit$3,8306Loan Down Payment$30,55020%Loan Amount$122,20080%Loan Cost per rmonthPrincipal & Interest$8137%Prop Taxes$321Insurance$168HOA Fees$0Monthly Payment Costs$1,302Monthly Payment 1$1,302Monthly Payment 2$1,302Monthly Payment 3$1,302Monthly Payment 4$1,302Monthly Payment 5$1,302Monthly Payment 6$1,302Utilities for 6 months$1,302Total for 6 Months$9,114

Taking time to analyze each property thoroughly helps you avoid costly mistakes and make confident decisions.Our investment calculators are designed to make that analysis easier and more accurate.

The building is about 40 years younger than the average muti family in the areaView report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.I'm a real estate noob, would love the feedback!

After you cover the basics, I would recommend trying out a decent rental property calculator (BiggerPockets has a good one) and running real numbers from local listings to see how they land.