Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

227
Posts
35
Votes
Jonathan Perez
  • Realtor
  • Jacksonville, FL
35
Votes |
227
Posts

[Calc Review] Help me analyze this deal

Jonathan Perez
  • Realtor
  • Jacksonville, FL
Posted

First time using hard money to do my 2nd flip and I have someone who will finance 100% of the purchase and rehab up to 65% LTARV. 

I would only pay closing costs and can defer interest only payments for the first 6 months rolling it over in to the total loan amount.

This is a condominium I am looking to flip. (seems pretty easy, light cosmetic work) 

I like using the BRRRR calculator for doing my fix and flip analysis because it's easier for me read and input the hard money details. I like how it shows what the results should be if I was to keep as a rental after refinancing but also still provides the "total profit if sold" in the first year which is what I'm using to determine the total profit at the end of the flip.

I just wanted to share what I got out of my analysis to see what others on BP thought about it.

First of all, could I use the BRRRR calculator strictly for analyzing flips as I have been doing and utilizing the "total profit if sold" section as a measure of my flip's results?

Is there anything I am not considering / missing? 

Does this look like a good deal? 

Would love to hear any and all feedback. 

View report

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

Loading replies...