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Updated over 5 years ago on . Most recent reply
How to include private funding in the Bigger Pockets Calculator
I just purchased my Pro membership and am trying to use the Bigger Pocket Calculators. How do I include private money in the BRRRR calculator and the Rental Property Calculator? I intend to use private money and my own money to purchase a property. The private lender charges 2 pts and 12 percent. I plan to rent out the property after a 3 month renovation period. At 24 months, I will pay back the private lender and obtain a conventional mortgage/refinance.