Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Questions About BiggerPockets & Official Site Announcements
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

4
Posts
1
Votes
Thomas Cotton
Pro Member
  • Flipper/Rehabber
  • Raleigh, NC
1
Votes |
4
Posts

BRRRR Calculator Broken?

Thomas Cotton
Pro Member
  • Flipper/Rehabber
  • Raleigh, NC
Posted

When using the BRRRR calculator it always assumes you are getting income from the property from the day of acquisition. There needs to be an option when filling out the income section of how many days into the project would the first income start. If you have 1-6 months of repairs before the first tenant moves in it can definitely throw off the numbers. Example: 6 months X $2000 Rent = $12,000 That is $12,000 you will be negative that the calculator doesn't account for.

I do know that the calculator is in BETA and there is a warning about that but I just wanted to let everyone know that the tool should not be used without this consideration.  I did submit this to the email address mentioned on the BETA warning on July 5th and was told that it would be escalated to the development team. I was also informed that I would receive updates on this but I have not received anything as of now.

If anyone see something I have overlooked or missing please don't hesitate to let me know. Thanks!

  • Thomas Cotton