Help me analyze this deal - BRRRR into an AirBnb

[Ali Saad]

Hello Everyone!

Silly question here, first time REALLY using this report for a property rather than just playing with the calculator.

Here is the scenario: 

Looking to compare purchasing this property with a hard money loan or a DSCR loan for an AirBnb property. It's pretty turn key thus far, but would like to do some upgrades.

Purchase price: 320k

Repair cost: 60k

The problem I'm having right now is the calculator not showing hard money funds/options. I'd be putting 20% down to Loan to Cost (380k) - the calculator is projecting a different loan amount and monthly payment so the holding time is different than the actual.

Has anyone run into the issue of using a hard money loan with the calculators? 

View report

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