Saturday, August 18, 2007

Flipping financial software

When trying to decide whether to buy this house, I did spreadsheets of expected closing costs, carrying costs and rehab expenses, but got stumped trying to calculate potential taxes.

Then I found this software, which does taxes and way more:

Flipper's & Rehabber's Cash Flow Analyzer®.

Input your numbers, and it does all the calculations: Initial expenses, taxes, a month-by-month financial report, and more.

The goal-seeking page is very cool: If you want to make 20 percent by month 6, it will tell you want you need to pay for the house or have as rehab costs.

*** Note: The Flipper's software functions off Microsoft Excel, so you have to have that program first.

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