COUPLE ISSUES WITH BIGGER POCKETS CALCULATOR

[Derrick Gordon]

These calcs are extremely amazing tools, but i have found that it does not have (or i do not know where to input) certain expenses or income.

1. If I am using a hard money lender I will be using "All Cash" but the Calc Does not offer an option for points if you pay cash, ONLY if you are financing. 

2. If you have other income that is not Monthly income there does not seem to be a place to put that either. Only complete income number is for rent, but if I have a one time payment or something that is not recurring how do i add that in, or are you saying that is something i should not add into the equation.

[Tom Arena]

Don't think of HML as a 'cash buy' from your perspective. From the seller's side, you using financing that's not appraisal dependent and having the your own cash to buy is the same thing. From YOUR side though those are two very different things. The HML will come with points and payments while buying a property with cash you just had laying around would not generate any extra cost.

Did that make it clearer? I'm not sure I wrote it well.