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Updated almost 5 years ago, 02/06/2020

User Stats

34
Posts
7
Votes
Michael Sockwell
  • Woodstock, GA
7
Votes |
34
Posts

Help BP calculators malfunctioning making a bad deal look good

Michael Sockwell
  • Woodstock, GA
Posted

I wanted to run worst case scenario on a deal a BP call is making it look like a homerun

Deal 105,000 purchase price

30,000 rehab

ARV 145,000

Rent 1000-1200

Help, I was going to use the calculator numbers to renegotiate with seller but the calc is showing me $805 cash flow. Even if I figure the P&I which it’s leaving off it still shows me it’s a good deal. I’m looking for a real number to come back to seller with. 70,000 rule is saying 71,000 but I know they won’t take that and I don’t feel I need to go that low to make it work. 

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