Hello friends, and welcome to another episode of Ask Marco where I answer your investing related questions.

Hello my friends and welcome to another episode of Ask Marco where I answer your investing related questions. Today's question comes from David and David says, hi Marco. Would you have a good calculator or set of calculators you use to determine good investment opportunities that you could recommend? Your podcast is awesome by the way. Content, rocks, exclamation Mark. Thanks David. Well David, thanks for the compliment. And um, I think I understand your question because uh, when you talk about calculators to determine good investment opportunities, I'm going to assume here that you're looking to do essentially a cash flow and rate of return analysis to see whether a deal is good, bad, uh, neutral or great. Um, so yes, there are a couple of recommendations I can give you. Um, I'm going to give you two. And uh, the third is really gonna be our website because everything I'm going to show you or tell you about, at least here is available using the analysis tool that's really tied to every single property on our website.





There's a little button by every, uh, rental property that says analyze or analyze this. And if you click that, it opens up a light box window, just a pop up window in the front of the screen and you can edit all those numbers. Anything that's in a light blue box can be changed so you can essentially borrow from one deal on the site and put in your own numbers and create your own scenario. Uh, however, I, I don't, depending on when you listen to this, uh, we are launching a completely brand new built from scratch ground up website, which has the same tool but made better with some additional functionality and tools. And we hope to have that up. Um, probably by October 1st. Um, but it's going to be within the next few weeks, two to three weeks. So keep an eye out for that because you're gonna like and appreciate that even more than what we have up today.

But in the meantime, aside from our website being, um, a resource or a tool, uh, I do know that bigger pockets, the bigger pockets website has a couple of calculators. Uh, there's some good stuff there. There's some things I like about it and some things I don't, um, I would have formatted some of the stuff differently, but the tool was functional. I don't remember if you can use them as a nonmember. I, I, it's been a while since I've been on there, but I think you might have to have their very basic minimum subscription to be able to access that. However, all that aside, uh, the first website I'm going to give you is, um, I'm going to talk about a mortgage calculator first and I'm going to give you the other one, which I think appreciate for your analysis. But if you go to mortgage calculator.org, O R G mortgage calculator.org, uh, you will find a great mortgage calculator, very functional.

Uh, it shows you a graph that breaks down principal interest, the total balance and taxes and fees. A few include that in your calculation, but it gives you a great repayment summary and it breaks down principle interest generate amortization table. So you could see year by year exactly what you're paying down in principle as well as the interest for each and every year. And you can see how that is shaped on a curve. Um, because interest obviously is a large on the front end and minimal on the back end. So you're actually paying off very little principle in the early years of your mortgage. And then that curve, um, goes up and you pay off more and more principal faster as the, uh, as the loan amortizes. So, um, but yes, it's, it's a great site. It's very simplistic but it has a lot of great tools. But the site you're probably looking for, the tool you're looking for as far as the calculator is actually on a website called calculator.net.

Now they have a whole bunch of different calculators there. The one you're looking for is called a rental pro...