BP Fix & Flip Calc: Little Financing Inputs

[David Schulwitz]

Hello BP, 

I've used the BP BRRRR calculator quite a bit the last week and am getting comfortable with it, but I've used the Fix and Flip calculator less. When using the BRRRR calculator, there is an entire section for the initial acquisition and rehab financing. I'll be using a hard money lender, so you can very easily put in your HML's points, interest rate, whether or not to wrap these into the loan, their extra fees, etc etc.

With the pure Fix and Flip calculator, there seems to be a lot less inputs available for this. It asks for your closing costs and costs to hold the property each month, but not the same level of financing inputs that the BRRRR calc includes. Also, on the final report next to the ROI figures it says that this is "based on no loans or leverage".

I've just been inputting the same closing costs and monthly holding costs that the BRRRR calculator helped me figure out, but I was a little surprised to see less of a hard money loan section on the Fix and Flip calculator. Am I missing something or no?

I'm a rookie at this so I apologize if I'm missing something obvious.  

Thank you!

Dave