BRRRR Calculator-Can you finance the rehab costs?

[George Smith]

The BRRRR calculator asks for rehab costs but it then under "Purchase Loan Details", it asks for "down payment of purchase price". Where can you actually finance the rehab price with the purchase price with a down payment of 20% for all costs?

These current #'s dont meet my qualifications at this point but im trying to figure out how to add the rehab costs for the aquisition(private money) loan.

$50,000PURCHASE PRICE

Purchase Closing Costs	$2,000.00
Estimated Repairs	$55,000.00
Total Project Cost	$107,000.00
After Repair Value	$135,000.00

Acquisition

Down Payment	$10,000.00
Loan Amount	$40,800.00
Loan Points/Fees	$800.00
Loan Interest Rate	10.000%
Monthly Interest	$340.00
Total Cash Needed At Purchase	$67,000.00

Refinance

Loan Amount	$115,000.00
Loan Fees	$7,000.00
Amortized Over	25 years
Loan Interest Rate	6.000%
Monthly P&I	$740.95
Total Cash Invested	$0.00

Financial Info

1.73%2% RULE

$94,200.00TOTAL INITIAL EQUITY

2.25GROSS RENT MULTIPLIER

2.28 / 1.05DEBT COVERAGE RATIO

[Richard Smith]

I’d love to bring a rise to this question again. I’m currently wondering the same question. I’d like to submit a clean analysis to lenders without having the extra explanation of adding rehab to purchase cost on the analysis. This would be a great addition to an already great tool!