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Updated almost 3 years ago,
Bigger Pockets BRRR Calculator not Friendly for Multifamily
We are evaluating a 40 unit property to BRRR, but using the BRRRR Calculator doesn't seem to be user friendly when calculating the Refinance portion. It only accounts for First Phase of Rental Income...It does not factor in what the NEW rental income will be when calculating the refi...As a result we are getting a negative cash flow reading in the ReFi tab. Has anyone else experience this? Am I missing something? Is there a better way to do BRRRR for big Multi Families?