Gap Funding Option for Loan 2 on Flip Analyzer
Cardinal Homes Design Group
Create a Gap funding option that automatically calculates the remaining funds needed to cover holding costs, % of purchase price, and closing costs to be part of loan 2 (or any loan #).
For example, i use hard money for the purchase and rehab and then use private money for any portion of purchase price that is not covered, cover the holding costs, and the closing costs. Right now i can only include those as additional amounts, but that throws the financials off because those three amounts are already figured in the calculations, thus they are now counted twice. Secondly, calculate these three amounts in the report. Thank You
Dave Robertson
Hi Cardinal Homes Design Group
It sounds like you are wanting to be able to have a Loan Option that is the "gap funding" that automatically calculates how much funding you will need to cover the down payment, buying, costs, holding costs, etc that weren't covered by Loan 1?