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All Forum Posts by: Nick Peters

Nick Peters has started 7 posts and replied 379 times.

Post: rental calculator format

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Sean Richards Not yet, but it's in the works! Want to make sure I build something as powerful and useful as possible!

Post: rental calculator format

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167
Originally posted by @Sean Richards:
Originally posted by @Maria D'Aura:
Originally posted by @Sean Richards:
Originally posted by @Maria D'Aura:
Originally posted by @Tim Herman:

@Maria D'Aura That is the new calculator. You can still access the old calculator. It is below Start a New Report.

I like the old calculator much better. I can see my soft costs and my true cash flow much easier.

 Thank you! I like the old calculator much better. However, Something is not right. I pulled up the old and new side by side, entered the same numbers, and the results are very different. Even the monthly cashflow doesn't add up. 

The calculations are off, even on the fix/flip calculator. I sent an email and the response was to use the old calculator lol. 

---

Wow. Why don't they just take the new calculator down? If the calculations are wrong and not in the favor of an investor sounds like a lawsuit waiting to happen. (I'm in California...sue happy land)



Someone from BP posted in another thread that the calculators were taken down until the bugs are corrected. The calculators are cool but honestly you can't beat an old fashioned excel spreadsheet :-).

Couldn’t agree more! (But I’m obviously biased given my profile!) 

Post: Help building a network

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome Dan! Real estate is clearly one way to escape the rat race! Good luck!

Post: New BP member investing in Terre Haute, Indiana

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome on BP Casey ! I’m not from the area but I’m sure you’ll find plenty of people from there!

Post: New To Bigger Pockets

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome Jason! Good luck with your retirement objective, we share the same one!

Post: If you have less then 20k, you shouldn’t invest in real estate

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Although the number stated in the initial post is obviously arbitrary, the idea behind it remains valid. Real Estate investors need some sort of liquidity buffer before being able to invest seriously. Btw, investing with zero money down doesn't mean investing with zero money on the side too!

Post: New to home buying - Boston area

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome to BP Kyle!

Post: New Real Estate Investor, from So Cal

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Welcome aboard Chandler. If you're looking for connections, you came to the right place. Best of luck!

Post: What is your market like?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Caleb Brown Really depends on the location (Manhattan? Queens? Brooklyn? Bronx? etc.), anything from $500k to millions, the sky is the limit unfortunately.

Post: What is your market like?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

The market is brutal here, in NYC. Prices have exploded and don't make any sense anymore. Feels like we're playing the game of musical chairs and everybody's waiting for the music to stop. The 1% rule is long gone, Cap rate and Cash on Cash are at their lowest. Tough but not impossible!