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Updated over 5 years ago,
Estimating HML payments for holding costst
Hey BP! This seems like a really elementary question that I probably learned at some point but, for the life of me, I can't find the answer. When analyzing a potential flip that I intend to use hard money to acquire, how do I determine the payments to that lender for holding costs? Is there a tool/calculator that you use or is it a basic formula? I can find mortgage payment calculators all over the place, but have had zero luck with this.
Thank you!