[Calc Review] Brrrr Triplex Is this right?

[David Taylor]

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

Did I do a Brrrr right? 

Purchase property at 250K, add 30K in repairs. Estimated ARV is 320K. With the calculator when I go to refinance what would I input as my "new" loan amount be? If I'm trying to do the 65-70% cash out. Am I getting the new loan for all $320K or a lower amount as there would now be equity in the home? at 320 it still cashflows but just a little bit.

It's this one piece that is confusing me, but once I get it I think we are ready to move on our first property. 

Thanks! 

[Tim Herman]

@David Taylor on an investment property you can pull out 70% ARV so $224 000. With your rehab budget of $30000 you can only offer $194000 for the property to do the BRRR.