[Newbie Calc Review-Sharon, WI] Please help me analyze this deal!

[Shelly F.]

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*This link comes directly from our calculators, based on information input by the member who posted.

[John Leavelle]

@Shelly F.

If you are contemplating the BRRRR strategy be sure to rework your numbers using the BRRRR Calculator.

Check with some Hard Money Lenders to see what their rate/term's are. Most will require you to have skin in the game. Anywhere from 20% to 30% is not unusual until you gain experience. The good thing is you can make interest only payments until you refinance and payoff the original HML.

How confident are you in the Rental Income?  What is the demand for rental properties?  “Rural area ... Economically depressed “!  Be sure you will not be wasting time and money only to find it hard to get tenants.

Revise your analysis using the BRRRR Calculator and post it here or new post. We'l discuss more then.