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Updated over 8 years ago,
Help understanding BRRRR Analysis Report
Our first REI deal!
Can anyone help us understand these numbers better? We used the BRRRR calculator, but to be honest, I don't know what to shoot for with some of them. I am not sure what would be a good deal, other than the 2% rule and the 50% rule. I am not even sure that the numbers I put in are exactly accurate. I had the basic hard data (property details and taxes), but had to guess on vacancy and financing options, etc. I have watched videos on BP, read articles to educate myself but still feel like I don't know how to analyze a deal.
The realtor says the owner would be willing to finance some or all, but we would pay for the rehab and refi in a year. We do the rehab ourselves (this is what we currently do as a business, for other people). We will do the property management, as well.
Thank you so much to anyone able to give input.
Wendy and Joe Fate
Below is a link to our BP analysis report on this duplex in downtown Johnson City, TN: