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Updated over 3 years ago,
[Calc Review] Help me analyze this deal
This is the first time my husband and I have run numbers through a BRRR calculator. My husband and I think this looks good, but we are not sure. We really want to BRRR in order to pay off our HELOC after the project. We are hoping to push appreciation enough to cash out refi and get back 78,000. Another thing we could not figure out how to work into the calculations is the fact that not all the units of the 3 plex will be empty while we renovate. The property consists of a duplex and a very small single-family home. We would reno the duplex first and would be getting rental from the small single-family while we do so, then we would be getting the new raised rental price while we reno the single-family. Is there a way to factor that in?
*This link comes directly from our calculators, based on information input by the member who posted.