BP Podcast 769 question

[Aaron Venturini]

Hey guys,

So in epoxide 769 David walks us through a BRRRR calculator of a potential property. I am having trouble completely understanding his calculations due to the HELOC payback seemingly not included. Starting around the 22 min mark he goes into the BRRRR calculator and walks us through the buy. He mentions he is going to be buying the property for 220K with a HELOC taken out on his primary home.

He then runs through the calculator pretty standard and gets the calculations at the end. My question/problem is essentially those numbers are all crunched without taking into account the 1% or interest only payments of the HELOC during the months prior to his refi, correct?

Follow on question - is there a calculator that BP has that accounts for HELOC repayment or is there a way to hack the system to incorporate this?

Thanks - I am trying to do this exact thing and want to make sure my numbers are all correct!