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Updated almost 7 years ago,
Help with the BRRRR Calculator
All of a sudden I cannot figure out simple math to save my life. I am trying to place the numbers below into the BRRRR Calculator but it is spitting out some weird numbers and I'm not even sure where to start. Before I go any further...I'm not pursuing this deal at this purchase price but simply trying to get the simple math down which all of a sudden doesn't seem simple.
The fist photo is what I received back from a HML after I sent them a "hypothetical" deal. I am wanting to run through the numbers as a practice run before I jump in. The other photo is what I placed into the BRRRR Calculator and I am trying to see where I went wrong. $150k needed at closing? I also added 3 points and fees into the calculator. So confused.