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Updated over 7 years ago on . Most recent reply

User Stats

216
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57
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Mark Smith
  • Schaghticoke, NY
57
Votes |
216
Posts

Rental Property Calculator Suggestion

Mark Smith
  • Schaghticoke, NY
Posted

Just a thought because I am in the process of doing this on a deal, but would it be possible to add a "Seller Concession Percentage" line somewhere in the Rental Property Calculator?

I'm buying a house with a price of $174,000, but I'm using a 6% seller concession so really my purchase price is $184,400, and my "Cash Needed" will be off at the final calculation because I'll be receiving that 6% back from the seller to offset my closing costs.  Of course I can account for this on my own by not entering an amount for closing costs, but I think it could be a handy feature.  Not to mention seller concessions can be a great tool for someone just getting started who doesn't have the down payment AND closing costs; I bet a lot of new investors don't even know about it.

Most Popular Reply

User Stats

246
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225
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Ryan Ingram
  • Rental Property Investor
  • Dayton, OH
225
Votes |
246
Posts
Ryan Ingram
  • Rental Property Investor
  • Dayton, OH
Replied

I think that is a pretty solid idea, @Mark Smith. I'd use it.

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