Help using BP Calculators

[Michael Abernathy]

Hey everyone,

quick question on using the BP Calculators to help analyze deals.

I have a $50K HELOC with a current interest rate of 6.5%.

If I want to use that money for a down payment on an investment property where do I add that info?

I am currently running the numbers for a 'Buy and Hold' and can't figure out where to include the HELOC in my calculations. It's going to have a different interest rate than the mortgage.

If I were using the BRRRR calculator I would assume I could just manually enter HELOC monthly payment as an extra expense during the initial phase of the project with the assumption that when I did the refi the HELOC would be paid off.

Thanks for your help.

/r

Mike