[Calc Review] Help me analyze this deal

[Kurt Martig]

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*This link comes directly from our calculators, based on information input by the member who posted.

Newbie here to running Brrrr reports. I have one very specific question: how do I determine what the refinance loan amount is?! Is it based on a percentage of the ARV?

Also, since I'm inexperience with this I would greatly appreciate any other comments you might have on any other items I put into this report.  

Thank you in advance!

[Tim Herman]

@Kurt Martig Yes you can only refinance at 70-75% of ARV. You are correct that a 500k ARV will net 350k less mortgage amount. You have to be careful when projecting ARV. If you are trying to BRRR and the appraisal comes in low you will have money you can't get out. You need to define who your target audience for str. There is house in that area with 3/2 that is only $150 per night. The house you are looking has a lot better lot but if people are out exploring and only using it for sleeping they will not pay double the price.