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Updated almost 5 years ago on . Most recent reply
Running the numbers on a BRRRR Deal
I am new to real estate investing and am trying to learn the BRRRR method. I have a question about running the numbers on a possible deal.
Purchase Price: 65,000
ARV: 150,000
Refinance amount (75%): 112,500
This may be way over thinking this but I just needed to clarify something. When I am running the numbers do I look at rent vs the refinanced amount. Like in this above example. If I believe the house could rent for around 900 a month, do I look at that at the 112,500 amount?
Hopefully that makes since! I think I might be confusing myself right now.
Thank you all so much I am loving all the information for BPP