[Calc Review] Help me analyze this deal (First One)
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Looking into doing my first deal using the BRRRR strategy. The purchase price of the house will be 60K and the rehab costs right around 50k. When the property is finished it will be worth conservatively $150k, which is the number I went with. Based on comps, the property should more realistically be in the $160k-$170k range. The loan for the down payment and for the renovations is coming from a family member. Rent will be in the $1300-$1500 range as well. Please look at my numbers and see if they make sense. Any feedback is appreciated.