Need help understanding calculators

[Sammy Patel]

I am looking at a property in my area that is a rehab that we may want to either flip or take on as a rental. I have tried the bigger pockets calculators and I don't seem to understand how they work.

Can anyone provide advice on the rental one. The property in question is let's say $175,000 purchase price, needs $30K in rehab. I am getting hard money to buy it and plan on then refi-ing in 6 months, how do I use the calculator properly to reflect the hard money and then the refi to analyze the deal? Also once the calculator spits out the results, what number do I look at to determine if it is a good deal or not?

Trying to analyze deal to place offer this week so any comments will be greatly appreciated!

[Percy N.]

Sammy Patel I have not seen a calculator which will account for the refinance as part of the BRRRR strategy.

You can calculate the cash flow with the hard money and then rerun the scenario with the refinanced numbers.

That should give you a good idea.