Brrrr Strategy Deal Analysis

[Nicolas Mitchell]

Hi there BP community! This marks my first post on this site! I am excited to learn from everyone here. My question is when doing an analysis on a property, for example the four square method, do i use the initial price of the property? Or ARV? Do i use the down payment number to figure out my ROI on the initial price or ARV? It gets confusing because after refinancing you are pulling out that equity.