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Updated about 1 year ago,
Calculating Profit Fix and Flip
Hi everyone!
I'm currently looking for my first fix and flip property in St. Louis, MO. There are so many deals but I am struggling with calculating my profits using the BP calculator. I used the 70% rule formula, but after plugging in the cost of hard money lending, I'm having trouble estimating the profits. Does anyone have a formula or any suggestions? Also, any advice on how to calculate closing costs for when it's time to sell? Thanks!