What kinds of calculators would people find useful?

What kinds of calculators would people find useful?

Member since 2016 · 17 posts · 6 votes

I know BiggerPockets already has a number of great calculators, but is there anything niche that people are interested in? Like a calculator to simulate this strategy (https://www.biggerpockets.com/forums/61/topics/795487-retire...), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc. Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc. A sub-to calculator showing how much cash a seller can avoid bringing to closing. Any other ideas?

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  • Certified Public Accountant (CPA) | Tax Consultant | Bookkeeper · Member since 2022 · 29 posts · 17 votes
    2y

    This is one of the best personal finance calculators I have seen. 

    https://docs.google.com/spreadsheets/d/1oC4gdK5gXIPjyEFTgo3g...

  • Member since 2016 · 17 posts · 6 votes
    2y

    Thanks @Adam Simpson! Are there any real estate calculators that you wish you had? We've been working on a few different ones, and I just want to see whether there are any others that people might need.

  • Certified Public Accountant (CPA) | Tax Consultant | Bookkeeper · Member since 2022 · 29 posts · 17 votes
    2y

    @Andrey Shostak

    A tax calculator would be nice. Lets chat! Possible to maybe build one similar to this with an add on for small business owners and REI's.

    https://docs.google.com/spreadsheets/d/1xYOKT2eNS588cj6_8jVv2vobAfAhCVUd/htmlview#gid=1221524195

  • Matt GiordanoPro Member
    Investor · PA · Member since 2018 · 33 posts · 7 votes
    1y
    Quote from @Andrey Shostak:

    I know BiggerPockets already has a number of great calculators, but is there anything niche that people are interested in? Like a calculator to simulate this strategy (https://www.biggerpockets.com/forums/61/topics/795487-retire...), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc. Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc. A sub-to calculator showing how much cash a seller can avoid bringing to closing. Any other ideas?

    would love to see a seller finance specific calculator that has a option for 1031 exchange from buyer bringing in down payment. 
  • Member since 2016 · 17 posts · 6 votes
    1y

    Thanks for the suggestion @Matt Giordano. 

    Will follow up to get more details on your idea!

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