What is the difference between the BRRRR calculator and the Rental Property one?

[Chamarr Auber]

Hi, all quick question,

I was looking at the BRRRR calculator and the rental property calculator and was wondering what the difference is; don't we buy rental properties using the BRRRR method? So why are there 2 separate calculators for them? Thank you in advance for the clarification. Also if there is anyone in the Maryland/DC area who are real estate investors and wants to connect, please don't hesitate to message me. Thanks.

[Kevin Sobilo]

@Chamarr Auber, a rental property calculator is used for buying rent ready buy and hold rental properties. So, it accounts for the costs to acquire the property, financing, rental income, and the expected expenses.

BRRRR is a multi-step process. So, the BRRRR calculator accounts for the extra step. In a BRRRR deal you acquire a property that isn't rent ready or at least needs improvement. You may purchase in cash or may use financing. The calculator accounts for the acquisition costs. In addition it accounts for the rehab costs.

Then in the next phase, the calculator will be much like the rental calculator in accounting for the final financing, rental income, and expenses as the BRRRR deal is complete.

Since there are more moving parts in a BRRRR deal the calculator is a little more involved.