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Updated about 6 years ago on . Most recent reply

User Stats

12
Posts
11
Votes
Tobey Grey
  • Rental Property Investor
  • Oakland, CA
11
Votes |
12
Posts

How to account for rehab time lost on Rental Income Calculator

Tobey Grey
  • Rental Property Investor
  • Oakland, CA
Posted

I'm working on rehabbing my first buy and hold property, a SFH home with a 2 car garage I plan to eventually turn into a studio once the house is done and rented. I am trying to act as my own General Contractor and while I'm saving money this route, it's taking much longer than I anticipated. I would like to calculate the tipping point for when money saved is less than the loss of rental income due to time creep.

I'm struggling to find a calculator that accounts for the lost rental income by month during the initial rehab. Any suggestions for how to calculate this with the Bigger Pockets calculator, or a separate tool?

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