I joined BP about 7 months ago, and I became a Pro member yesterday. wow. The buy and hold calculator alone is worth the yearly membership. I have anlyzed 6 deals with the calculator function in the last half a day. I was able to clearly compare which property was most advantageous to acquire over other properties : apples to apples.
I LOVE the PDF function at the end. I have emailed this to 4-5 friends, mentors, family members getting input on the properties. I even printed a copy of my best BP buy and hold report and brought it to our family dinner tonight.
My father in law was so impressed with the organized presentation. He is a very successful business owner, and he was intrigued : He asked me to define the 50% rule, 2% rule. He loved the yearly projections page.
I didn't really know which forum to post this accolade. This tool has been asset to my business and has enhanced my deal analysis! Again, this BP organization exceeds my expectations. Feel free to move to another arena if there's a better forum for this topic.
I'd like to see an example report... might be enough to convince me to upgrade :)
Hey @Aaron Thivierge- Great to hear! I fully agree- I use that thing all the time and don't buy anything without first running through the property through multiple scenarios on that calculator.
@James W. - there is a sample of the report on http://www.biggerpockets.com/analysis, or just come to any webinar on Thursday evenings. I use the calculators each time! http://www.biggerpockets.com/webinar
I am happy to share a real life example of a calculator with the PDF function. This 1st example is a home that came up for sale about 10 days ago, I immediately ran the numbers, went over to check out the property and offered on it ($3,000 over asking price) as the numbers were in line with my acquisition criteria (another investor offered more than me, so I didn't get this property). Example 1:
This next calculator PDF shows a triplex that I ran this morning that came up for sale yesterday. As you can see, I didn't have to drive over there to check it out: this one is a loosing property from the start for my holding criteria.
@Brandon Turner Thank you for the link, I started to play with it a little and realized I should consider learning more, and a Thursday evening webinar is probably a good start. What time and where?
@Aaron Thivierge Thank you for sharing, that's what makes communities great. Your links aren't working for me, I'm getting a dead page. Am I alone here?
hmmm, they work on my PC, iPhone, MacBook and iPad... Are they only viewed from the user of the account? I don't know the answer to that question. I can tell you they are awesome... And I think you have a couple free ones as non-pro member.
Go to the analyze tab on top of the page, and then the calculators should appear. Try it- I think you get like 5 free then unlimited as a PRO account holder
@James W. The podcasts are from 5-6pm PST on Thursdays, so from 7-8pm in Wisconsin. I'll be attending my first one this week also so I hope you get to connect also. If they're anything like the rest of the site I'm sure it will be worthwhile & informative!
@Joseph Cochran I agree, I'm loving everything about this site so far! I'll put it on my calendar. How do we join?
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