That statement will cue the angry mob that hates almost all things related to wholesaling and bring up sellers equity but that's not what I was addressing.

@Chuck KautzHey Chuck,I like your idea of getting your daughter involved.As a father of 2 kids that went to college I think this is a great time to expose your child to what the whole process involves from purchase to rehab to managing this property.Your child will get so much real world experience out of the process I hate to say but this exercise my have more of an impact on her life then the BA has!

To make BRRRR really effective you need to use your own cash or OPM first, do the rehab to pump up the value THEN go the bank to refinance at the ARV.  

Want my rehab $ to go the farthest pre appraisal.

Some companies will consider if its a real good dealFor budgeting purposes, plan on 20% of the purchase and rehab funds from your own money, plus closing costs.

You don’t necessarily have to give the address at this point.

when using the BRRRR calculator is the rehab cost payment in the rental phase?

Purchase price: $22,000 Cash invested: $22,000 Contributors: Kevin Johnson Bought a duplex from a wholesaler here on Bigger Pockets.Currently Evicting Tenant and Rehabbing the other side.

My first rehab flip was a failure had to have my mom and dad rescue me.

Quality vs. quantity sometimes makes a huge difference to your rehab and your wallet in a Unfortunately negatIve way .Been their myself, great lesson learned!