All Forum Posts by: Alice Goodson
Alice Goodson has started 7 posts and replied 24 times.
Post: Excel Analyzer for 1–5 Unit Deals

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Gabe Goudreau:
Hello Everyone,
I work in real estate development by day and also build financial models for investors in my spare time. I recently finished a beta version of a small multifamily deal analyzer (1–5 units) that I thought this community might find useful.
The focus was on making it simple and dynamic:
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- All assumptions go into the blue input cells.
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- Returns like IRR, cash-on-cash ROI, and equity multiple update instantly.
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- No need to adjust formulas — it’s plug-and-play.
I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.
If you’d like to test it out (and help me refine it by providing feedback), feel free to reply here or message me directly.
Question for the group: What features do you find most important in a deal analyzer?



Hello Gabe,
I would welcome the opportunity to review the tool. I am purchasing multi-family 2-4 properties.
Thanks for sharing
Post: Landlord Insurance Struggles while Renting to Car Dealership

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
I have commercial property located in Madison, AL that I am having the hardest time finding Landlord Insurance for. Even "Steadily" said they can't help me. I am renting to a Car Dealership, and no insurance company seems to want to give me Landlord Insurance for the property. Any suggestions? I will be happy to share the details with a Insurance Broker that can help.
Alice --
Post: Fed Cuts Rates by .5 - how should us newbies play this?

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Sam Rexford:
Hi BP'rs, I don't have a good sense of how the interest rate cut today will affect me as a new investor looking for my first deal... will it start to drive up prices of homes in areas i'm looking at as money gets cheaper or am I off base?
Alice -
Post: Army veteran applicant

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Vivek Kumar:
Quote from @Alice Goodson:
Quote from @Vivek Kumar:
Quote from @Bill Hampton:
Quote from @Vivek Kumar:
I am sorry not sure what you mean
What he means is that you should have a checklist for tenant qualifications. For example a tenant has to meet certain qualifications to be able to rent your property: income, credit score, evictions, rental history, criminal history, etc. If you don't have specific prerequisites, you should put some in place.
but then i am here as it's useful to learn from others experience for this kind of profile and background that I have no experience with.
Don't exactly understand the question. In fact you may want to be cautious of the inquiry since many states have discrimination laws. If he meets all of the criteria what makes you inquire about his military status impacting him/her as a tenant? Just wanted to let you know simply being a veteran may not be the best thing to deny a tenant.
Hope it works out.
Alice -
Heritage Rentals LLC
I already rented to him. But the question was to just know the unknowns like any special accommodation requirements I may need to prepare my property
Alice-
Post: Army veteran applicant

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Vivek Kumar:
Quote from @Bill Hampton:
Quote from @Vivek Kumar:
I am sorry not sure what you mean
What he means is that you should have a checklist for tenant qualifications. For example a tenant has to meet certain qualifications to be able to rent your property: income, credit score, evictions, rental history, criminal history, etc. If you don't have specific prerequisites, you should put some in place.
but then i am here as it's useful to learn from others experience for this kind of profile and background that I have no experience with.
Don't exactly understand the question. In fact you may want to be cautious of the inquiry since many states have discrimination laws. If he meets all of the criteria what makes you inquire about his military status impacting him/her as a tenant? Just wanted to let you know simply being a veteran may not be the best thing to deny a tenant.
Hope it works out.
Alice -
Heritage Rentals LLC
Post: Should I rent to this tenant?

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Emory Clayton:
I have a LTR that I've been asked to rent for 6 months. They are wanting the utilities to be included, along with washer/dryer, however as stated in the listing, and repeated to them, the house is not furnished and only offers washer/dryer hookups. They are wanting to move ASAP, which from my research is a red flag. I did ask if they would need the house furnished (in an attempt to find out what they were really looking for/needing), she said they would prefer the house be furnished, however they would just buy furniture if they had to.
This is all seems really odd to me. They could be, perfectly fine people. However the request, duration, needs, seem odd to me.
Out of curiosity I looked up what monthly rents were going for similar houses on AirBNB/VRBO, and the cheapest I could find in my area for similar property (furnished however) was $1400 over what I am asking for my LTR. I feel like I would be willing to entertain this if they weren't needing to move in ASAP, and they brought their own furniture. But those 2 things are turning me off to this. What say you?
Hello Emory,
I guess, like you, the potential tenant's approach is a bit concerning. Did you advertise the place for rental? If YES, THEN did you make it clear that this was a LT lease rental? Did you clearly stipulate that it was unfurnished? If you did I would be concerned that a renter would contact, you and ask you to change the conditions of your advertised rental. AND rush you into decision leaving very little time for you to investigate the risk involved with this request.
My VOTE, proceed with caution. Do not rush to failure.
Good Luck
Alice -
Post: Home Warranties and Risk Mitigation

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Spencer Cuello:
Looks like consensus says they are not worth the cost, thanks all!
Could not agree more with my counterparts. Wasted cash. I dumped every warranty I had because it never resulted in a replacement solution for large repairs. Also note they will never pay out more than 3K and with HVAC or other large repair item that is not worth paying for it for years.
Duck em!
Post: The Book on Rental Property Investing

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Also purchased on Audible. Multiple books: The Book on Rental Property; The Book on Investment Property Investing; The Book on Investing in Real Estate with No (and Low) Money Down; Start with Strategy; Real Estate by the Numbers; and Finding and Funding Great Deals. Can I please have the Bonus Material code for these? Thank you in advance.
Post: Can’t find downloadable content after purchasing

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Katie Miller:
Thanks Russel! @De'Mille Morris we can resend you the bonus content link. Check your email today!
Can you please help me also. I have purchased multiple audible books such as Real Estate by the Numbers, Start with Strategy, The Book for Rental Property, The Book on Investing in Real Estate with No (and Low) Money Down, and now I am reading Finding and Funding Great Deals. How can I get the bonus materials for these books. I purchased the through audible. Thank you in advance
Post: Seeking Solid Lenders to support Rental Property Purchases

- Rental Property Investor
- Huntsville Alabama
- Posts 25
- Votes 7
Quote from @Jamie Parker:
Quote from @Alice Goodson:
I have multiple properties 100% paid off and now I am looking to start purchasing properties in a more aggressive manner. I am seeking a lender that understands these types of purchases and can streamline my loan process. I currently use Rocket (formerly Quicken) and they have been great but now I think I need someone local. Any suggestions in the Huntsville, AL area?
There is a bigger pockets featured lender that may be able to help. Minimal documents. Any residential Single and Multifamily Under 20 units NO Mobile/Manufactured homes, shopping centers, mixed use or industrial.
Hello Jamie, I worked with @Devin Peterson .. he is the best. He is such a proponent for the BP community that he actually recommended I seek out local assistance for a deal I was working and it is working in my favor. I am really excited to be in the forum. Thanks for reaching out.