All Forum Posts by: Jenny L.

Less a request, more of a suggestion perhaps!  The calculator is by far the most comprehensive and easy to use tool we have come across. But I do think it would be helpful for us and other investors to see, on the summary page, some numbers that would speak to how much money we've personally got in the project, vs. the lender's. All the information is in there but it needs to be extracted a bit from the summary page. It may provide a clearer picture of what's going on in the course of a flip, especially to those of us in pricey markets with expensive property values and sky high tax rates!

Thank you @Patrick Liska for helping us understand what we are (and aren't) seeing on the calculator.

As an aside, we fully understand the purchase price on this sample property should be south of 390k for some risk abatement, and would also push the potential profit to about 150k. That number also corresponds very closely with the "70% rule."

Thanks @Patrick Liska!

We ran through the numbers again in Excel and it does appear to be correct. The profit is the profit, there's nothing else hidden in there or anything else to "repay". Still I wish there was a clearer way to see our total investment (cash required to close, plus holding costs).

Hard money is so expensive, we are going to have  to scrutinize the back end of the calculator (and create our own spreadsheets) to find out exactly how much we will need, and also at what point in the process we'll need it. More like a P&L sheet that can detail out exactly what our financial position is at any given point in the project. 

Hello Pros,

My husband and I are a beginning investing team looking to start with fix and flip homes in our area. (suburban NYC Metro)

We have been using the BP Fix and Flip Analysis & Reporting Calculator to get more comfortable with analyzing my flip candidates. While there are some items that we need to a better handle on the cost (Builder’s Risk insurance, among others) most of my other line items are fairly accurate and makes for good practice.

After spitting out a few deal scenarios, it appears the calculator does NOT account for MY profit vs. the bank’s (hard money lender, portfolio lender, etc.) Am I missing something? The calculator is great but if you are utilizing financing then shouldn’t it show YOUR profit versus the lender’s profit — so you can assess if it’s a good investment for YOU and YOUR money — and not lump them together?

Here is the sample project - we know the purchase price in this scenario is too high and doesn’t meet the 70% rule, but in trying to understand how the calculator works, our confusion comes from the 70k profit, which is the project’s profit, not our profit. Digging deeper, we would be losing money because we had to pay the massive closing and holding costs in this scenario. But as far as I can tell the calculator doesn’t break apart the results like this.

https://www.biggerpockets.com/calculators/shared/364862/72f6b34f-6e35-45d5-a0bd-d17a3ad4dd82

Is there a different calculator or spreadsheet available to use, that would break out what is being paid, us vs. lender? The BP calculator is by far the most comprehensive but being able to analyze a deal based on profit we get, vs what we put in, would be more helpful.

(For this deal, we are assuming hard money lender with a loan amount of 483,000 (70% LTV of $690k), 5 points, 12% interest, interest paid monthly, 5 month project timeframe.)