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How to Evaluate the Best House Flipping Software

In a previous version of this post, I only focused on the potential features that you might need to understand when evaluating house flipping software, instead of starting off with explaining why you might need them. In this improved guide to choosing the best house flipping software, I aim to help you in your decision process from the perspective of scaling your business first, and only then talk about the features that you might need in order to get there.  There is actually significant overlap here between software for house flipping and wholesaling, and for good reason: The hard work is on the front end. With this, much more focused… Read More

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Distressed Seller Lead Pages

House Flipping & Wholesaling Software Product Update: Distressed Seller Lead Pages Deep Dive

The launch of Lead Pages in REI/kit, was an instrumental piece of the deal creation machinery to ensure your lead generation techniques keep up with the times and give you an always on channel for motivated seller leads. (If you’re just tuning in, you can read all about the launch of the NEW Distressed Seller Lead Pages & Seller Leads CRM) In this update I’ll cover some of the questions that I am most often asked when it comes to the Lead Pages feature. What are lead pages and how are they different from a regular web page? Why lead pages are a necessary component of your marketing strategy in… Read More

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Expert Due Diligence + Expert Marketing = SCALE: Lead Marketing Pages and Seller Leads CRM Launching!

The REI/kit Lead Marketing Pages and Seller Leads CRM are about to launch! You already know that I built REI/kit to allow you to become an expert at deal due diligence, with tools for running comps and calculating ARV the right way, estimating rehab costs, analyzing deals based on multiple criteria, and marketing those deals to your cash buyers list or lenders using the most trustworthy reports in the business. In the process, over thousands of people have used our tools as part of their real estate investing systems with over 50,000 deals evaluated to date. As you can imagine, this has given me the opportunity to talk with a… Read More

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Lien History Example

The House Flipping & Wholesaling Game Has Changed: Loan History Data Launched!

For immediate release: REIkit.com House Flipping, Wholesaling, & Real Estate Investment Software has released another premium data launch that will forever improve your ability to get more deals done faster and more profitably. This time, as promised, we launched loan history data, now available in all of our premium subscription plans nationwide.  This is the second part of our premium data upgrade for all of our paid subscription customers. You can read about the first part of our premium data upgrade where we launched premium property data to give you a complete picture of your target property here: House Flipping, Wholesaling, & Real Estate Investment Software Product Update: Premium Data… Read More

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House Flipping, Wholesaling, & Real Estate Investment Software Product Update: Premium Data Release

If you are a premium customer of REI/kit House Flipping, Wholesaling, and Real Estate Investment Software, you may have noticed some changes that have appeared in the property details page after you created a new project. This is because we have launched the first premium public record data source integration for our paid subscription customers….keeping our promise to create the ultimate deal decision support tools out there, to make your deals more profitable.   Crucial New Property Data With this release you now have access to so much more data on a target property, up to 50 data points, something our competitors simply cannot afford to provide to you. Some… Read More

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Example of the New Comps and ARV Tool

Real Estate Investment Software Product Update

In this product update post I wanted to follow up on our most recent successful launch of support for premium data sources in the goal of our future MLS integrations coming out later this year. This post is an overview of what was changed and how those changes increase your chances of success in your business.   Latest Software Updates: Premium Data Records Support (Data Coming Soon) New Property Info Owner and Loan Data Tax Amount Data Comps and ARV Tool Updates New Proprietary Comps Selection Algorithm Comps Distance Added Comps Upload Update House Flipping and Wholesaling ROI Calculation Updates   Premium Data Record Support (Data Coming Soon) In preparation… Read More

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Rental Performance Proforma

18 Essential Metrics to a Complete Real Estate Investment Analysis

When it comes to analyzing the potential of an income producing property, most people focus on Cash on Cash return as the only measure of their real estate return on investment. However, to get a complete picture of the return of your real estate investments, there is an array of metrics that you should include as part of your rental property analysis. While initially overwhelming, in this post I’ll break down each metric, provide the formula to calculate it, and show you examples, using a real-life advertised deal. In addition, I’ll also go into how these figures and ratios relate to each other. The total picture you get from preparing… Read More

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7 House Flipping Mistakes To Avoid When First Starting Out

There are several mistakes that I consistently see new (and even experienced) real estate investors make when first venturing into house flipping.  These mistakes are understandable when the excitement to get started conflicts with the knowledge required to execute a house flipping project quickly, cheaply, and profitably. In this article I list the seven major house flipping mistakes that new real estate investors are likely to make when first starting, and how to avoid them in the first place.   Mistake #1: Buying Too High When a new investor wants to start flipping, they turn to the first place they know to find properties: the market.  These are properties listed… Read More

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REIkit and Redfin

How to Import MLS Comps from Redfin into REIkit.com Real Estate Investment Software

REIkit.com real estate investment software has powerful tools built in for performing thorough due diligence on real estate investment properties. This due diligence normally starts with the process of calculating after repair value (ARV) by first selecting appropriate comps, and then using the method that most appraisers use to value property: that of a sales comparison analysis. This post is only about the first part of the equation, and specifically on selecting the sources comps. Whereas the free version of the after repair value calculator suggests 5 comps from Zillow, and allows you to add additional properties to the analysis one by one, the premium version of the software, not… Read More

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Frustrated Real Estate Investor

Why Are Your Real Estate Investment Offers Always Getting Rejected?

Despite carefully following the most commonly used rules of thumb in real estate investment, new investors eager to get their first deal under contract, nearly always find their offers immediately rejected. They frequently experience the following scenario play out: I follow all of the rules of thumb, make sure I’m conservative with my numbers, and end up with an offer that’s way below listing price….and this is the 10th one that has been rejected. or My MAO says that using the 70% rule, I should offer X which is less than half the listing price, and my realtor won’t even submit the offer.   So what do these frustrated investors end… Read More

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