BRRRR tracking, from purchase through cash-out

Your basis moves as the deal moves

Purchase price, closing costs, holding costs, and the rehab all live on the property record, and the rehab gets budgeted line by line and checked against real spend. The all-in number you're looking at is current. Your project manager works from the same budget you do, so there's only ever one copy of it.

Before a cash-out lender takes the deal seriously, the rent has to be real and documented. The rent roll and tenant ledger hold the stabilized rent, the lease behind it, and the payment history. When the lender asks for proof, it's already there.

Into the refinance

The BRRRR tracker carries the deal past stabilization. It already has the stabilized value, the loan-to-value against it, the seasoning clock, and the package you hand the lender, because it's the same basis and rent you've been working from all along.

After the refinance pays down what you borrowed to buy and rehab the place, some of your cash is still in the deal. How much decides whether you can go again. This is the figure spreadsheets get wrong most often, usually by the third or fourth property. The basis and the draw log stop agreeing, nobody's watching that week, and it drifts. ThisProp keeps them reconciled as you go. The number you see is current.

Then you do it again, with your own history to underwrite against. What the rehab actually cost by category, how long lease-up really took, when the refi came together - that's all on the last deal, waiting for you on the next one.