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Updated over 1 year ago,
Fix and Flip Calculator
Hi BP,
I've been working on a fix and flip calculator and I'd like to share it with the community. It's loosely based on the B.P Calculators and some things I took away from J. Scott's book.
The issue I kept running into with the B.P calculator was the generalization of important numbers. Example: the BP Calculator ask you input the holding cost. Well if you're using hard money, you need to know how much you're borrowing in order to know how much interest you're paying per month. It also ask about the purchase cost. Well lots of the purchase cost is based on the purchase price which BP does not allow you to give until the end.
I love the BP Calculator as a base and using it motivated me to create my own so my statements above are not meant to crap on the BP products but I'm stating things I was struggling with when running numbers or when I was asked to provide more detailed numbers from lenders.
Does anyone know how I can share files so that I can make it available for download?
Thanks in advance.