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All Forum Posts by: Nick Peters

Nick Peters has started 7 posts and replied 379 times.

Post: Introduction to the site

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome aboard @Jacob Koep

Post: Anyone else having issues with Rental Calculator?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Clear your browser cache or try with another browser. That may solve the issue.

Post: Besides the calculator how is everyone analyzing their numbers?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167
Originally posted by @Curt Smith:

@Paul D. I've seen so many perfectly good deals getting killed by a spreadsheet evaluator. Lol lol

For buy and hold see the business model paper off my profile 1st paragraph called bulletproof rental portfolio.

A deal calculator is useless if you don't have a business strategy.

After 40 some by and holds not even a calculator is needed it's mental math and yes revolves around the approximate 1% rule or whatever represents a good deal in your area.

Like I said too much emphasis is made on complicated spreadsheets that account for every expense under the world and that ultimately kill good deals. Because good deals have some aspect of creativity like improving the rent adding another bathroom changing the marketing strategy to improve the Noi,, why were the spread she would have killed the deal. :)

I partially agree with you. When you get stuck in numbers without looking at the overall picture, you may miss something however the fault is not on the spreadsheet, it's on how you use it. BTW, when I see so many investors passing on deals just because of a CoC or Cap rate, it really says a lot about the fact that spreadsheets are not the issue.

And regarding your creativity point (increase rent, adding a room, etc), you can definitely and easily model that in a spreadsheet as well. Good spreadsheets help you see the big picture, not the other way around. And they're a no-brainer when you want to model multiple scenarios (like what happens to profitability under different acquisition prices, different rent levels, etc).

Post: Besides the calculator how is everyone analyzing their numbers?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Curt Bixel You can have a look at my profile or my signature for more information. You'll be able to download them there. Let me know if you have questions, happy to help!

Post: Any Tips For A New Real Estate Investor?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Albert Garcia

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Post: NetWorking in Orlando FL

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Stephan Garrison

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Post: Besides the calculator how is everyone analyzing their numbers?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Parin Shah You can have a look at my profile or my signature for more information. You'll be able to download them there. Let me know if you have questions, happy to help! 

Post: Besides the calculator how is everyone analyzing their numbers?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

I run all my investments (both rental properties / buy & hold investments as well as flips and rehabs) through my proprietary excel spreadsheets that I've developed throughout the years as an investor myself.

Now it takes me only a couple of minutes to analyze each deal and understand the underlying economics. In the end, nothing beats a good excel spreadsheet!

Let me know if I can help! Happy to connect.

Post: I am a new member from Ohio looking to connect with people

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Olga Farnsworth

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Post: New Member- Nathan Strine

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Nathan Strine

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!