I love Excel - I know I'm weird, but it's something that I've used pretty much everyday for the last 20+ years, both at work and home. If you're willing to help a newbie investor, I'd be happy to create excel sheet(s) that can calculate things much faster or in more detail than what you're doing now. Present value calculations, buy vs hold scenarios, or wherever the standard BP calculators aren't quite scratching your itch. I'm also good with IT in general.
I'm starting my investing in Baltimore County, and I'd like advice on
- Review my business plan - Recommendations for team (attorney, accountant, contractors, insurance, etc...) - What do you know that I should know?
Investor · Philadelphia · Member since 2019 · 3 posts · 1 vote
6y
Hey Raymond, I don't hate excel I actually love it. I don't have much advice to give but I'll share that my favorite part about making my own calculators is that I can create custom metrics.
For example I have a simple JQM metric (Job Quit Money) which takes the expected net income from a property and calculates what percent that is to my target passive income salary. E.x. 60k passive income goal and 1 house at 250 net = (250*12)/60000*100= 5% . Great for motivation.