Question about running BRRRR calculator with HML

[Charles Mitchell]

Hi all,

So I've been running a bunch of deals to familiarize myself with markets and the systems and ran into a bit of a hiccup. I plan on using a HML for the property I buy. The issue is there is no place to input HML so I'm worried im doing it wrong. Below is a break down on how I've been inputting the numbers. Keep in mind I'm going to keep this as basic as I can to not cause confusion. Numbers will also be made up for simplicity.

Purchase price: 50,000

ARV: 150,000

Closing costs: 3,000

Estimated repair cost: 50,000

Purchase loan Details

Down payment of purchase price: 0% (no down payment as HML funds the deal)

Loan interest rate: 11.99%(What ive been quoted by an HML)

Points charged by lender: 0 (points are charged but I want to keep it simple

Other charges from the Lender: 0

The issue that I'm running into is that the calculator is not factoring the repair costs into the HML. Am I doing something wrong or should I just be adding the repair costs into the purchase price?

Thanks for any and all help!