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Updated over 5 years ago on . Most recent reply
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BRRRR or Rent Analysis Tool - Data Input Question
Folks- I seem to be in a situation where I cannot make sense of this yet I am sure there is a simple explanation which I am clearly overlooking.
When using the BRRRR or Rent Analysis Tools, if I am using a money partner &/or HML to acquire a given property, how does this get input into the "Purchase loan details"?
Do I put in "Cash"
OR
0% down, then
Loan rates at 10% (using this as an example for partner)
5 points (Points for HML, (Again as an example))
Interest Only
OR Other?
I figured for a BRRRR I would place in the holding cost for rehab in the Repairs section
I hope this makes sense..
Please help as this is driving me crazy and I cannot seem to make the numbers work, even when using ridiculous small numbers.