BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply
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Help BP calculators malfunctioning making a bad deal look good
I wanted to run worst case scenario on a deal a BP call is making it look like a homerun
Deal 105,000 purchase price
30,000 rehab
ARV 145,000
Rent 1000-1200
Help, I was going to use the calculator numbers to renegotiate with seller but the calc is showing me $805 cash flow. Even if I figure the P&I which it’s leaving off it still shows me it’s a good deal. I’m looking for a real number to come back to seller with. 70,000 rule is saying 71,000 but I know they won’t take that and I don’t feel I need to go that low to make it work.
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