BRRR Analysis on 2 Family

[George Smith]

Im looking at 2 family which will be bought as follows:

20k Cash

84,300 Private Money Loan

I have a bank that will refinance at 80% LTV (130K ARV = 104K mortgage).

I understand that the TOTAL Cash Invested shows 0.00 but I'm assuming thats only on the Refinance. The acquisition shows 30,000 cash needed at purchase which should be covered buy the private money loan.

Im obviously trying to get my money back back out but im a bit confused on:

-How much cash i am putting up? 30k? I only wanted to use 20K of my own with a private loan.

-Where is the amount that Im profiting which will now be the downpayment? It says that total cash invested is 0.00 and my Cash on Cash ROI shows Inf. after refinance but Im confused on how much money im putting in vs. how much profit I pushed into it.

-I added the initial purchase price, closing cost, and rehab and then subtracted my 20K downpayment and entered that amount for the loan amount on the initial purchase. Was that done correctly?

https://www.biggerpockets.com/calculators/shared/2...

I appreciate your time,

George