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Updated about 3 years ago on . Most recent reply

User Stats

10
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9
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Stetson Turner
  • Investor
  • Daytona Beach, FL
9
Votes |
10
Posts

Tool Calculator Disappointment

Stetson Turner
  • Investor
  • Daytona Beach, FL
Posted

I am disappointed in the calculators on this platform. They produce simple results with no room for adjustment to come up with a more accurate outcome. What am I paying for again? 

For example, if going with less than 20% down, the calculator does not include PMI. Nor, does it give you the option to apply your credit score and automatically update the rate. I have to do a bunch of work beforehand and after in order to obtain a accurate payment quote.

I am not bad mouthing Bigger Pockets. It is an awesome platform with awesome people. But these tools are not adequate for those of us who are really serious. I find better calculators online through Google search that do the above and much more for FREE. 

Really let down here. BP, please consider updating and improving your tools. Don't forget to Kaizen your own products. 

Additionally, while trying to submit this post, I have realized you don't even have a Feedback forum for your own site. That is truly disappointing. It goes to show you are not taking into consideration your own customers. 


Most Popular Reply

User Stats

991
Posts
816
Votes
Michael K Gallagher
#2 Commercial Real Estate Investing Contributor
  • Real Estate Agent
  • Columbus OH
816
Votes |
991
Posts
Michael K Gallagher
#2 Commercial Real Estate Investing Contributor
  • Real Estate Agent
  • Columbus OH
Replied

Hey @Stetson Turner Interesting take on the calculator.  I suppose the area you are calling out is specifically in the mortgage section.  While certainly as you mentioned there is room to improve it, I'd argue that the strength of the calculator is in the presentation the data is given to you in and the predictions they can provide.  I do agree that I find myself using an outside mortgage calculator to fine tune my numbers if the loan product is not covered in the BP calculator, but I guess I've never considered that within the scope of what BP was advertising as its strength.   

As far as feedback I have to disagree whole heartedly.  The people at BP are constantly asking the top forum users and contributors for their feedback....they had a fantastic group brain storming session recently regarding the podcast cohost changeover that I had the honor to participate in, there are constantly posts reaching out for input on specific subjects and changes, they are one of the top communities in the world and its because they listen and take action in the way that they do.  
 

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