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Rehabbing & House Flipping

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Tim G.
  • Flipper/Rehabber
  • Miamisburg, OH
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161
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Calculating profit after flip sells

Tim G.
  • Flipper/Rehabber
  • Miamisburg, OH
Posted Apr 9 2015, 09:06

So this seems like a very noob question but I am having a serious brain fart here.  Almost embarrassed to ask this!

I just sold my second flip and i'm trying to calculate the exact profit amount.  I've crunched the numbers several different ways (including the BP flip calculator) and always get a different number.  They are all within about $2000 which is a pretty big swing I think.

I have 2 HUD's (buy and sell), rehab costs and holding costs. Is there anything else I need to factor in?

I think my confusion is in the taxes and closing costs in the HUD's. Some of the rehab cost was also buried in the loan and some was paid by me.

I'd be happy to share the HUD's and numbers with someone who can help me!

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