BP Calculator Accuracy

[Brian Anderson]

Hey everyone, I'm new to Bigger Pockets and looking to get going and was just wondering have most people found success in using the calculators? Once your deal is done and you look back at the numbers the calculator gave you were they in the ballpark? I know it's probably best to not solely rely on the BP calculators, but just curious to see what others have found. I'm loving using the calculators so far, these things are amazing!

Thanks in advance!
 

[Joe Villeneuve]

Originally posted by @Joe Funari:

@Brian Anderson the BP calculators are OK. But some of the assumptions are very general and not specific to the market your looking in. As with @Joe Villeneuve has done I made my own spreadsheet that takes into effect assumptions for my local market here in the Dallas/Ft. Worth area. But I further simplify the process with my clients than using a spreadsheet. Especially when acquiring move in rental properties. Just be careful of doing too much analysis. Or you will never purchase an investment property. 

 I made mine more detailed so I can make it more accurate.  Very few assumptions if any.  I also made it so it works in any market.