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Updated over 9 years ago on . Most recent reply
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BP Analysis tool - question to anyone who may know
Hello... I am just beginning to play with this for the first time.
It is looking like the analyzer is calculating only 80% of whatever loan I put in to give me my monthly amount and total deal numbers, etc...
Does anyone know if this is correct?
Tried to do a screen shot but can't paste it in here.
I have loan set at 100K @ flat 10% interest only and the monthly mortgage amount comes out to be 833.33.
I am assuming I need to put my loan amount in for an extra 17-20% above what the real amount is to compensate? Or is there a way to change the default of this?
I am only a Plus member, but about to become Pro. Will doing so give me features I cannot see currently to allow for this kind of play within changing things for each deal as necessary?
Any help or advice would be MOST APPRECIATED! :-)
Thank you!
Dena Price
Most Popular Reply
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@Dena Price - I think you misunderstood @Steve Babiak. He happens to be in the .5% of folks here in terms of what he knows and what he's done. Steve doesn't have much love for me, and has given me a mouth-fool on an occasion. But, he is not to be ignored - he's earned, and I listen when he speaks...
Now - Steve's concept of teaching, which is mine as well, is less about chewing the food and putting it in your mouth, and more about inducing thought. He has done exactly this for you, and you figured out the mistake just fine. Dena - I sell a course, and I consult on occasion, and even in those instances when people pay me money to get answers I do not hold hands. We cannot teach - all we can do is cause folks to learn. There is indeed a difference :)
Let this roll off your back. Hope this helps, and welcome to BP Nation!