[BRRRR Calc Review] ? on how to account for hard money loan

[Jon Catterson]

I did the linked BRRRR calculation, but I don't know how to account for the hard money loan I would use. Entering it for the loan part in acquisition doesn't seem to fit or at least I don't know how it fits. Any help would be appreciated.

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

[Caroline Gerardo]

IF you find a hard money lender who will give you a construction loan of $140000 expect monthly payment to be $1440 plus tax, insurance  and costs $10000 to set up and may have a prepayment penalty. You plugged in a way too low rate for a conventional long term loan and costs. 3.75 30 year with $2500 on a cash out 4 plex investment loan you need 2-3 points or more to buy down to that rate so add $2400 + to your $2500. No way to predict what rates will be when you are complete. You will pay loan costs/title/escrow/tax/recording and and and twice.  A 1926 building needs everything.