Using the BiggerPockets calculator saved my family's deal!

Using the BiggerPockets calculator saved my family's deal!

Investor · WA · Member since 2015 · 63 posts · 21 votes

My father was in escrow on a mixed use property in Idaho and at the last minute the bank changed the LTV requirement to 50% instead to 75% and asked for another ~110k down! Using the information from the bigger pockets rental property calculator I was able to convince the bank the numbers they were using for debt coverage ratio were incomplete and we were able to get the LTV back to 75%, saving the deal. My family closed last week!

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  • StacyA McBainPro Member
    Real Estate Agent · Boise, ID · Member since 2015 · 193 posts · 70 votes
    9y

    Great story! Congratulations, Luke!

  • Real Estate Broker · Charlotte, NC · Member since 2016 · 569 posts · 351 votes
    9y

    Hi! Luke what a good story.Yeah! Biggerpockets is so helpful and a learning place.Thanks for biggerpockets for saving the deal.

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