New Construction Calculator

[Tamara Glass]

Hello, I've searched the Forum for information on a new construction calculator with no luck (other than buying software @ real data.com).  Is there/could there be a new construction calculator on the BP site?  

Thanks! Tamara

[Greg Dickerson]

@J Michael Fimbres I would not close on the property unless you are 100% sure you can get all the permits to redevelop it. 

I would not use Hard money for new construction as it is very expensive and new construction can take a long time and really rack up the interest cost. There are a number of things they can delay you in the entitlement process and eat up all your profits an interest.

To calculate the profit potential and feasibility of the project  just work it backwards. Take your sale price minus all your commissions, closing costs, carrying costs, project hard cost, land, utilities, permits, etc.