BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply
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BRRRR tool need field to accommodate before/after income increase
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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- Rental Property Investor
- Boulder, CO
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@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.