What is a good source, webinar, book, spread sheet, etc. for calculating the difference between renting vs buying?

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John DL Arendsen, Crest Backyard Homes "ADU" dealer & RE Developer (CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments)

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Rainmaker
1,231,636

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Your financial adviser or tax accountant or good old legal tablet & pencil. My dad could have done it in his head

Sep 01, 2016 11:24 PM

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3

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA
Thomas J. Nelson, REAL...

La Jolla, CA

Rainmaker
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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

John

Ron did that on his HP calculator. and I think that you have excellent suggestions here. A

Sep 02, 2016 12:19 AM

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2

John DL Arendsen

Leucadia, CA
Mary Yonkers

Erie, PA

Rainmaker
1,466,027

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

John DL Arendsen Here's a link to an Excel spreadsheet that may work for you.

oregonstate.edu/instruct/ans440/Files/Leasebuy.xls

Sep 01, 2016 11:56 PM

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2

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA

Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

& Host of Postcards From Success Podcast

I had my lender and my CPA coolaborate on a short slide Powerpoint for me.

Sep 01, 2016 11:53 PM

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2

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA

Rainmaker
4,482,529

Richard Weeks

Dallas, TX

REALTOR®, Broker

Our MLS software (Matrix) has a feature where you can generate a report that will show you the advantages of buying vs renting.

Sep 01, 2016 11:50 PM

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2

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA

Ambassador
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Harry F. D'Elia III

Avant Garde Residential Management Services - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

the have apps for this one

Sep 01, 2016 11:46 PM

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2

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA

Rainmaker
1,525,405

Sybil Campbell

Fernandina Beach, FL

Referral Agent Amelia Island Florida

I would contact a trusted mortgage banker or broker.

Sep 01, 2016 11:32 PM

Upvote

2

Mary Yonkers

Erie, PA
John DL Arendsen

Leucadia, CA

Rainmaker
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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Looks like Michael Setunsky has a great spreadsheet linked and Ken Jones has one for you too.

My view: I look at what someone could get a mortgage on a home for versus what they're paying in rent. A big enough difference and it makes sense.

Sep 04, 2016 04:26 AM

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1

Michael Setunsky

Woodbridge, VA

Rainmaker
1,577,923

Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC Calabasas CA

Just google Rent vs Buy and there only zillions of charts/images to choose from. I collected a lot of them on my pinterst board.

Sep 02, 2016 03:52 PM

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John DL Arendsen

Leucadia, CA

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Praful Thakkar

LAER Realty Partners - Andover, MA

Andover, MA: Andover Luxury Homes For Sale

John DL Arendsen - there are a few, including Mortgage101. (And sure enough Ken may have sent you the spreadsheet by now.)

Sep 02, 2016 02:59 PM

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John DL Arendsen

Leucadia, CA

Rainmaker
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Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

Doesn't the NAR put out a pamphlet on this?

Sep 02, 2016 12:52 PM

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1

John DL Arendsen

Leucadia, CA

Ambassador
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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

How indepth do you want to get with this John, easy to make your own.

Sep 02, 2016 05:19 AM

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1

John DL Arendsen

Leucadia, CA

Rainmaker
4,722,072

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

I use paper and a calculator for a rough idea. Double checking with an accountant can't hurt!

Sep 02, 2016 12:39 AM

Upvote

1

Mary Yonkers

Erie, PA

Rainmaker
4,799,763

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

I would think a spread sheet would be the best.

Sep 02, 2016 12:37 AM

Upvote

1

Mary Yonkers

Erie, PA

Rainmaker
5,581,678

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

that's what accountants are for..... and each financial picture results in a different bottom line....

Sep 02, 2016 12:33 AM

Upvote

1

John DL Arendsen

Leucadia, CA

Rainmaker
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Norm Padula, JD, GRI

Florida Realty Investments - Sarasota, FL

Presence, Persistence & Perseverance

I like using the local numbers right out of the mls.

Sep 01, 2016 11:55 PM

Upvote

1

John DL Arendsen

Leucadia, CA

Rainmaker
3,071,034

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

parked and reading...

Sep 02, 2016 10:08 PM

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Rainmaker
7,234,940

Roy Kelley

Retired - Gaithersburg, MD

Use your financial calculator.

Sep 02, 2016 08:57 PM

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Ambassador
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Patricia Kennedy

RLAH Real Estate - Washington, DC

Home in the Capital

I've seen this app on lenders' web sites.

Sep 02, 2016 10:35 AM

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Rainmaker
3,986,050

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Really explainiing that the costs for the owner are about the same as for a buyer and that renting you are paying for the house for the owner.

Sep 02, 2016 05:48 AM

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Ambassador
4,081,845

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Many coaches and seminars can show you the way on this topic. ..

Sep 02, 2016 04:31 AM

Upvote

Rainmaker
2,711,439

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Rents are found in classified for rent ads and buy data MLS. Also, a good loan officer can show payments, money done, costs etc.

Sep 01, 2016 11:19 PM

Upvote

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Your financial adviser or tax accountant or good old legal tablet & pencil. My dad could have done it in his head
John

Ron did that on his HP calculator. and I think that you have excellent suggestions here. A
John DL Arendsen Here's a link to an Excel spreadsheet that may work for you.

oregonstate.edu/instruct/ans440/Files/Leasebuy.xls
I had my lender and my CPA coolaborate on a short slide Powerpoint for me.
Our MLS software (Matrix) has a feature where you can generate a report that will show you the advantages of buying vs renting.
Looks like Michael Setunsky has a great spreadsheet linked and Ken Jones has one for you too.

My view: I look at what someone could get a mortgage on a home for versus what they're paying in rent. A big enough difference and it makes sense.
Just google Rent vs Buy and there only zillions of charts/images to choose from. I collected a lot of them on my pinterst board.
John DL Arendsen - there are a few, including Mortgage101. (And sure enough Ken may have sent you the spreadsheet by now.)
How indepth do you want to get with this John, easy to make your own.
I use paper and a calculator for a rough idea. Double checking with an accountant can't hurt!
that's what accountants are for..... and each financial picture results in a different bottom line....
Really explainiing that the costs for the owner are about the same as for a buyer and that renting you are paying for the house for the owner.
Many coaches and seminars can show you the way on this topic. ..
Rents are found in classified for rent ads and buy data MLS. Also, a good loan officer can show payments, money done, costs etc.