Updated about 1 year ago on . Most recent reply
financial planning tool
Has anyone tried ProjectionLab? I saw it shared in one of the FI sub Reddits a few weeks ago, and I've been using it ever since. Gotta admit, I'm pretty impressed.
It's not specifically for real estate investing or anything, but it does have some features that let you model rentals as part of your broader financial plan. I've always used a mix of tools to track my net worth and spending. However, when it came to modeling different financial scenarios, spreadsheets were my goto. It's been nice to build different plans and seeing how/when the addition of more rental properties plays out in reaching my financial goals.
Just wanted to share, thought others here might enjoy it too!
Most Popular Reply
Yes, I'm using this! I've tried a number of tools and while none are 'perfect', I feel that ProjectionLab has been the best of what I've seen. It reasonably allows us to forecast the combination of traditional W2 earnings + a growing real estate portfolio and model out corresponding tax considerations. I'm a CPA and husband a financial planner so we're pretty focused and knowledgeable on the financial analysis and planning side. We would recommend!