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Updated about 6 years ago on .

BRRRR Calc- Total Annual Expenses
I have a question regarding how the total annual expenses is calculated using the BP BRRRR calc.
I have used this report generated by another BP member as a sample to review (I've used up my 5 trial ones). View report
You can see that the Total Annual Expenses comes to $10,328.00 for the first year. I am coming up with a much higher number based on the expenses shown in the report.
Here's my math....
$792.00 for the first 6 months = $4,752.00
$1,171.76 for the second 6 months = $7,030.56
$11,782.56
Now after the refi my understanding is that you would not have a mortgage for the first month. This would subtract out $379.76 for one month. So new total is:
$11,782.56
- $ 379.76
$11,402.80
So you can see I am a long way off from $10,328.00. I know I'm missing something here... any input would be much appreciated!