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Updated over 5 years ago,
BRRRR Calc Question...
So I made the jump to PRO and have started utilizing the calcs to analyze deals. Just a general idea of what I'm trying to do...
This will be my first true investment prop purchase, which I'm wanting to BRRRR. The plan will be to have 10k saved up in a reserve account, and use a HML to purchase a house between 50-60k, put in a 10k rehab, and turn it into an 80-100k ARV.
My QUESTION is...how would you put it into the calculator so the acquisition loan can cover the purchase price and the rehab? OR I guess another question could be, is my strategy sound with these numbers listed up above to begin with?
Thanks in advance