BP rental property calculator

[Dawal Limbachia]

Hello everyone,

I am a beginner and my goal is to invest in rental properties and create a steady longterm cashflow. Just for the heck of my knowledge, from past couple weeks I have been analysing properties that are listed on realtor.com and zillow.com using BP rental property calculator. And, every property i analysed is a negative cashflowing property. I have been analysing 5 properties everyday from past two weeks but none of them a positively cashfowing. I want to ask you guys if anyone of you is using BP rental calculator and what do you guys think about it? Thanks in advance.

[Tim Herman]

@Dawal Limbachia i use the BP calculator for in depth analysis of properties. Every property you analyse there will be a number that if  the property sold will result in positive cash flow. i use quick analysis to see if I want to run numbers on the calculator. Use the 1% rule. If rents are $1200 per month then max purchase price to cash flow will be $120000. Since you haven't posted an analysis it is hard to know what you are using for expenses. Around the $1000 per month mark I use 23% for vacancy,repairs,and capex.