Using the BiggerPockets calculator saved my family's deal!

[Luke Mccandless]

My father was in escrow on a mixed use property in Idaho and at the last minute the bank changed the LTV requirement to 50% instead to 75% and asked for another ~110k down! Using the information from the bigger pockets rental property calculator I was able to convince the bank the numbers they were using for debt coverage ratio were incomplete and we were able to get the LTV back to 75%, saving the deal. My family closed last week!