BP flipping calculator

[Kenny Stewart]

Hey,

So i gave the flipping calc a quick try and it seems great. but I have some questions about how the numbers are being generated. I love using automated apps but I also like to know how things are generated and not blindly trust what any particular app spits out.

The totals i understand. (Skin in game, Note amt, Cost of project)

I don't know how Cash Need to Have is being calculated nor what it means? is that cash at closing or for whole project? Im not sure.

I don't know how Holding cost per mo is calculated. I calculated a diff number when i did my test project to try it out. Which basically was (monthly expenses + monthly loan payment) am i missing something?

Also Projected profit? is it ARV - (holding cost - selling cost)

Thanks for taking the time to read this post. Hopefully my questions are clear.