BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply
Using a HELOC for the BRRRR Calculator
Greetings,
I'm attempting to analyze a BRRRR deal using the calculator. The initial purchase will be done using a HELOC with a 4% rate and five year tenor. How do I indicate such a loan for the Purchase Loan Details section of the calculator?
I looks like the P&I calculation in the Purchase Loan Details doesn't support a HELOC, only a traditional mortgage loan.
Most Popular Reply
Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
@Jason A. I like using Dealcheck.io for BRRRR calculations for this very reason. @Anton Ivanov did a wonderful job creating the app.