BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago on . Most recent reply
BRRR calculator help
New to this, and feel like I'm getting grasp of the BRRRR strategy.
However, in using the BRRRR calculator here, I am confused about something. When figuring holding costs, I feel like it doesn't take into account the interest on any money borrowed for rehabbing.
If when taking a loan to include the rehab costs, should I include that in the purchase price? Or, what am I missing?
Thank you!
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Chris Orme not only should you account for that holding cost that will likely be your LARGEST holding cost. Utilities, insurance, etc. will be dwarfed by your monthly interest only payment. I would 100% account for it somewhere.