Partial BRRRR - Help me analyze this deal
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Dear fellow BP members,
Need some help with this partial BRRRR deal.
1. I plan to purchase this property with 20% down traditional mortgage.
2. Rehab estimate is 25K and I plan to pay for that using Personal Line of Credit with about 8% interest. I don't think there is anywhere in the calculator to account for this as it seems to me.
3. Rehab time will be 2 months (Actual rehab time will be just a month but I am keeping some buffer for possible delays and the time after the rehab to get it finally rented out.
4. Refi I calculated based on 70% ARV with traditional mortgage.
Is there any errors in this analysis? Thanks in advance