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Updated almost 5 years ago on . Most recent reply

User Stats

13
Posts
7
Votes
Johnny Chew
  • Rental Property Investor
  • Alameda, CA
7
Votes |
13
Posts

BiggerPockets BRRRR calculator help

Johnny Chew
  • Rental Property Investor
  • Alameda, CA
Posted

I have been plugging in hypothetical numbers in and having trouble figuring all the numbers out. Anyone able to help?

https://www.biggerpockets.com/calculators/shared/1793284/76f1f131-68a5-48a0-9e08-4c23f641507e

My question is: Total cash invested says $7749 after refinancing; however, the holding cost during a 3 month rehab is (interest payment on hard money loan x3, home insurance x3, and property tax x3) $6335.50. The hard money loan is for 6 months though so the interest payments for the next 3 months is total $5685. Does this mean that for the entire deal from purchase to refinancing, I put in 7749 + 6335.50 + 5685?! Thank you so much in advance!

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