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Rental Property Calculator
Hello everyone,
My name is Alex and I'm new here to the forum. Great to meet everyone. I'm using the rental property calculator here to try to figure out whether a single family home I'm contemplating buying is a good investment for a rental property. I see the inputs for the loan information, however, my scenario requires the input of 2 loan costs.
I'm looking to use a hard money lender for the acquisition and rehab of the property to later refinance with a conventional loan once the property is fully rehabbed. Inputting the conventional loan part is easy, but how do can I account for the hard money costs I will incur on the front end of it, using the calculator? I want to make sure I take holistic view. Has anyone else had this issue and how did you account for hard money costs in the calculator? Thanks.