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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply

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Kennedy Taylor
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BRRRR tool need field to accommodate before/after income increase

Kennedy Taylor
Posted

The BRRRR tool has one place for rental income. I can either put in the before rehab income for the 17 of 32 units that are currently rented or I can put in the post rehab income potential if all 32 of the units are rented. I'm trying to analyze the deal. I'm planning for a 6 month rehab time then refinance after 12 months. If I put the pre-rehab income in, the post rehab shows a net loss after refinancing. If I put in the post rehab income in, the planning amounts in the report generated with the BRRRR tool are artificially inflated. Please help me analyze this deal.

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Whitney Hutten
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
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Whitney Hutten
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
Replied

@Kennedy Taylor I personally use Dealcheck.io for this very reason.  There is a free trial that allows you to do just this.  I'm not too familiar with the BP tool to help you troubleshoot.

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