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Updated about 6 years ago,

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3
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0
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Tracey Pierce
  • Centennial, CO
0
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3
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Which is the best calculator to use in this situation?

Tracey Pierce
  • Centennial, CO
Posted

I'm struggling with what calculator is best to use. I am using my HELOC for an all-cash purchase. I will fix the property and then put a renter in. I will leave that property in the HELOC. In order to properly assess payment as the payments will be used to pay back my HELOC (even though it's an all-cash offer) how do I properly assess in the calculator? I know the BRRRR calculator is for reassessing and getting a new loan. The fix and flip is not the right one, the buy and hold seems to be the best, but I'm not 100% sure how to add in the numbers for the payback since I used all cash.

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