All Forum Posts by: Andrey Shostak

Thanks for the suggestion @Matt Giordano. 

Will follow up to get more details on your idea!

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.

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?

As someone already mentioned, is seller financing an option? Many people who are looking to simplify like seller financing for the passive income stream.

Credit unions. Third Federal and PenFed are known for being good.

Still available!

If anyone needs a seller finance calculator to help them run numbers, we recently updated ours with advanced options including balloon payments and interest only periods. 

Just input your sale price, interest rate, down payment amount, loan term, and any options, and see what the monthly payment would be!

Check it out and let me know what you think: https://sellthehouse.info/seller-finance-calculator/

Truly motivated sellers aren't going to care as long as you provide the solution to their problem (and you typically get more motivated sellers from inbound marketing like Google Ads than outbound marketing like cold calling).

But one thing you can do is explain the wholesale fee by comparing it to what they are saving (agent commissions, various closing costs/fees if you cover those, etc.). Since they are paying someone either way, the tradeoff is between speed and convenience on one hand and full retail value on the other. If they want the speed and convenience, they can go with you. If they want full retail value, they can use an agent. I have a calculator on my site that quickly shows them how much they might be saving, and that's a good starting point for discussion.

I've been told that a lot of the time it doesn't even matter what the actual number is. As long as it's a VoIP number, some carriers will label it as spam or potential spam.