All Forum Posts by: Joel Bayer

Thanks Ryan. I appreciate your response. How do you add a special expense category for your flip loan?

Hello Bigger Pockets, I am hoping someone can help me figure out what I am doing wrong using the BRRR Calculator. I putting 20% down on a property and financing the rest. I am also getting financing on 100% of the rehab. I entered the purchase price less my down money in the purchase section and the rehab amount in the rehab section. I entered interest only for the loan. How do I get the calculator to calculate interest for both the purchase price and the rehab. It seems to be only calculating the interest on the purchase price less the down payment. If anyone can help me I would appreciate it.

Hello, I am an investor in the Pittsburgh area and I want to use the BRRR method moving forward to accelerate my business. I am hoping that the Bigger Pockets community can help me with a problem I am having with the BRRR calculator. I am using the BRRR calculator to calculate my costs, but I don't think I am using it correctly. I want to have it calculate the holding costs for both the purchase of the property and the rehab. I am putting 20% down and then financing 100% of the rehab costs. When I hit calculate the calculator only seems to calculate the interest on the original purchase price, not the rehab cost. What am I doing wrong?

I am an experiened investor looking to try the BRRR strategy in the Pittsburgh area. I am looking for a contractor that is investor friendly. Does anyone have a recommendation for me?