Updated over 7 years ago on . Most recent reply
The BP Calculators and the Marketplace
Hey Guys,
Fairly new around here, as far as activity goes. New to real estate investing as well. Curious about something. I see all these posts on the Marketplace and wonder to myself why aren't they put into the BP calculators and shared that way? The only thing the seller wouldn't know would be the buyers financing figures, which the buyer could then take her/his financing figures, drop them in, and quickly be able to figure out if the deal makes sense for his or her goals.
There's so much talk about analyzing deals, so much talk about how important it is to get the numbers right so you don't get in over your head. I'm sure the marketplace is flooded with newbies trying to look for a deal and learn, and seeing what real numbers look like would be so educational. I've analyzed more than 100 deals to date, but I don't know if any of them really even make sense, which is why I have yet to make my first investment. I can plug whatever numbers I can dream up about my target purchase. Doesn't mean I won't bankrupt myself.
Is there something to hide? Is it an attempt to take advantage of non-experienced newbies trying their best to make it? I mean no disrespect, and I apologize if I've offended you with those questions. I'm just really curious. It seems like most in this community are so willing to help fellow investors out. I would think if the seller put the numbers into the calculators, they might sell what they're trying to sell quicker, unless it's just a bad deal. Chalk my post up to inexperience, but I'd really like to hear what everyone has to say on the topic!
Thanks all!