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Updated almost 6 years ago, 01/09/2019

James J Luka's profile image
James J Luka's profile image
James J Luka
  • Rental Property Investor
  • from Joliet IL
  • Member since Dec 22, 2018
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User Stats

17
Posts
3
Votes
James J Luka's profile image
James J Luka's profile image
James J Luka
  • Rental Property Investor
  • from Joliet IL
  • Member since Dec 22, 2018
Connect
James J Luka
  • Rental Property Investor
  • Joliet IL
3
Votes |
17
Posts
Buying & Selling Real Estate

Did my first BRRR analysis. Is this a good deal?

James J Luka
  • Rental Property Investor
  • Joliet IL
Posted

3 bR 2BA  buying for $35k, needs $25k in renovations. Should appraise for $110K. Rent is $1100. Need to borrow $50k from Hard money lender, but plan to pull $70K out from the refi.  Am I on the right track? sanity check anyone?

The BRRR calculator says positive cashflow = $168/mo

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