So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...
I'm heading toward closing later this month on this property and though I think I've got a decent deal here, a second opinion would be appreciated.
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Michael Rogers of Chandler Properties provided the following Excel Worksheet for BiggerPockets to share with all of our members.
REI Property Analyzer
We hope you all find it comes in handy.
NOTE: If anyone else h...
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