[Calc Review] Help me analyze this deal

[Paige Kelsey]

I was trying out the BP rental Calculator as suggested by Brandon Turner on the last webinar I watched. He was talking about apartments but I didnt see why I couldn't  analyze deals for clients on retail or office space as well.  Looks like this doesn't pencil AT all if you have to put down 25% . Question- 

1) I thought there was somewhere in the calculator that you could then see what you would need to buy it for in order to hit the going cap rate or the cap rate you are looking for? 

2) If you were doing this for a client - would you run a completely different report if it was eligible for an sba sooo it could be 100% financed. Or..............if you were the listing broker wouldn't you just go to one of the 2 existing tenants and teach them brrrr. ie - You are currently paying 1000 a month... If you got a small business loan, it could be 100% financed and someone would pay you 1800 to OWN the building. Come on guys..........That's right isn't it?

3) Can you give me feedback on the numbers you put in? IE- ohh I put management but it is 2 units and it is commercial.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Brandon Turnerundefined

[Joel Owens]

Paige I use rentalsoftware.com

It's made by an investor and a cpa. You buy it one time and then no more money unless you want to upgrade another new module on to it. It is Excel based but it can print to .pdf with the right plug in.

I paid 99 bucks for it one time about 8 years ago. It likely costs more now. BP calculator is more residential. Most investors on this site are residential with a few commercial sprinkled in so when BP develops software to use that is likely the main focus residential first.

There are tons of software for commercial analysis to use out there.