How do I compare loans and model a BRRRR investment?
In an investment report, find Compare loan products and choose Compare All. The report compares modeled conventional, FHA, VA, USDA, DSCR and jumbo financing using the property and loan assumptions. These illustrations are not lender quotes or confirmation that you qualify for a program.
For Buy, Rehab, Rent, Refinance, Repeat, open BRRRR Scenario. Review the purchase price, rehab costs, after-repair value, rent and refinance assumptions, then choose Run BRRRR Scenario. Change the inputs to see how the modeled cash needed and refinance result respond.
A qualifying renovation value can start from user-documented renovated sales in the report. Otherwise, the after-repair value you enter is your own assumption. The app does not automatically increase the property's value because you entered a repair budget.
Compare the result with actual contractor quotes and lender terms. A modeled refinance does not guarantee a loan, a valuation or that you will recover your cash investment.