All Forum Posts by: Brandon Handel

@Alicia S. you do get 5 free uses of each calculator as a free member right now in case you didn't know that either. So you don't even have to purchase if all you want to do is see how you like using them. You can't download or save any of the freebies though.

@Alicia S. Thanks for the info! I just saw that the Pro annual membership has a 30-day money back guarantee so I just decided to jump in and give it a try and see what I think for a while. Wasn't sure if you already knew about the money back guarantee so I wanted to make you aware of it in case it would make the decision of trying it out easier for you. 

@Alicia S. where do I go to use them?

@Tony Mai are the leasing forms valid everywhere? I thought I have to get one that is specific to my state? 

Just curious how many of you choose to finance through commercial loans on small properties (i'm thinking 4plex) that a conventional loan can finance. I talked to a commercial banker recently and he told me everyone comes back to the commercial bank for loans. The idea of a rate reset every 5 years when I can just go and get a fixed rate seems like poor logic. Especially when it's going to be higher than a conventional loan to start.  I know interest rates are rising so who knows what it'll be like 5 years from now. He argued it'll be paid down quicker, but I argue that I can just make extra payments on the principle if I want that and I won't need to worry about a commercial loan eating my cash flow either because it's my option as to whether I want to pay extra or not. Also, say the economy tanks or the interest rates are just really high after the reset, I can ride the storm out better I would think with a conventional loan since it would require lower payments than the conventional loan. He argues I can sell if that happens, but why would i want to? Higher interest rates = lower property values. I know banks make money off interest. Is this guy just trying to make money off of me or am I missing something? That's my thought process on the whole thing anyways. Would love to get some input from others. Thank you

Hello, 

Just curious what percentage of equity you guys like to keep in your rentals. I know there are pros and cons to "free & clear" vs "leveraged". I'm interested in knowing what you guys are comfortable with and why so I can have more knowledge to better determine what I will feel most comfortable with. Thank you

Ok, so I'm on the fence about getting the Pro membership. I'm wondering how many pro members actually use the tools or if they've found better ways/apps to analyze a deal. It is the only reason that I was considering it. It's a lot of money to me that I could put towards a rental property instead. Please, no hate. I'm just looking for how much you guys find yourselves actually using it and if I would perhaps be better off putting the money towards a rental property and crunching the numbers the old-fashion way. Thank you 

Check out this YouTube video. I found it really helpful. Very thorough I thought. He walks you through everything. 

https://youtu.be/6p5opEuswPg

@Caleb Heimsoth I am reading books. In fact, I have the last one by Brandon Turner. I can only read so much at one time. Sometimes it is quicker and more efficient to ask questions rather than dig through different books to find the answer you're looking for. Plus asking multiple people yields multiple answers and points of view. Not everything is in one book, but I can ask multiple people and get lots of different advice. That's what I thought the point of BiggerPockets forums was all about. Why have forums if we should all just read books. Thank you for your input though. 

Hey just wondering what kind of questions you guys ask a potential realtor to kinda help screen out the ones that you feel are gonna just waste your time. TIA