BRRRR Calculator- need guidance

[Rami Khaldi]

Hey,

Working through a deal analysis for a brrrr and im using the calculator. It seems like a solid deal, but my Agent is sharing I need to include the rehab as part of my purchase cost. I was sharing with him that Im only plugging in the 20% down for the property and plugging in the rehab budget in the rehab cost section. And then for the loan cost, im adding the remaining 80% of the property purchase price + rehab estimate. A hard money lender i've built a relationship with shared that although im a new investor, they'd cover rehab cost. Where i'd be hit is the interest rate and LTV, being a higher risk as a new investor.

Does my approach sound right? Correct me if im wrong, i want to make sure im plugging in all inputs correctly to get an accurate view of the deal potential. While im here, would love to network with anyone actively working on a brrrr or has executed a brrrr. Still new and learning. Would love to meet people.

[Jay Hinrichs]

why would you need a calculator for this .. pretty simple long hand  values go into it.. I have done over 3,000 BRRRS in my career and never once put anything through a calculator.  reason being your numbers ALWAYS change they are never what you start out with.