How to determine the Appreciation after renovations in my area

[Grayson Grzybowski]

Hey all. I recently use to be a Pro member but had to put my membership on hold after buying my first home a month ago. I tried working in the Pre foreclosure market for a year and had no luck. I wanted to consider trying this method and wanted to know this:

If I borrow money from a lender, go in on a deal with renovations, how can I know if my Refi 6months to a year later will be enough to cover what was borrowed? Please fill me in, as I would like to take these risks to help accelerate my portfolio 

[Jake Baker]

@Grayson Grzybowski

I recommend checking out the BRRRR calculator. https://www.biggerpockets.com/brrrr-calculator

This will show you the key metrics before and after refinancing a property.