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Updated over 6 years ago,
Need HELP analyzing this deal please!
*This link comes directly from our calculators, based on information input by the member who posted.
Hey BP family! So I surely know that I am no expert in the BRRRR strategy and I'm new to using the BRRRR calc. But I know there are people here that are much more knowledgeable on this than I am! I'm trying to analyze this potential buy & hold property but cant seem to get the numbers to work... I'd really appreciate it if someone could take a look over the report and let me know if I'm doing something incorrect.
Brief overview of how I've arrived at some of the numbers:
- Comps in the area for the ARV
- Estimated rental rates based on local similar properties (this place is currently vacant)
-Estimating the repairs on the home in a general sense: 30k per side (still need to learn more on repair costs)
Am I doing something wrong here?