Property Analyzing software

What are you trying to analyze? You need to know your market, what price could a property be sold for? How much will it take to repair it? What are investors willing to pay as a percentage? You don't need software to figure that out.

:cool:

Edited: 06/26/2010 at 06:20AM

Michael Rogers

Real Estate Investor · Ooltewah, Tennessee

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Nov 09 '08, 05:41 AM

What are you trying to analyze? You need to know your market, what price could a property be sold for? How much will it take to repair it? What are investors willing to pay as a percentage? You don't need software to figure that out.

I have to agree with that. I can usually get a good idea if a property is worthwhile with a Texas Instrument BAII Plus calculator, scratch piece of paper, and a pen. If the deal doesn't leap off the page at you with basic arithmetic, it's probably not a good one.

Having said that, you may want to consider building a simple Excel spreadsheet to analyze your deals. If you know your criteria, it would probably be easy to set one up. It wouldn't cost you anything either. :lol:

Edited: 06/26/2010 at 06:20AM by Michael Rogers

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Matt Faller

· Kansas City, MO

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Nov 09 '08, 06:13 AM

I know how to run numbers or properties, I was just looking for a quick way to nail out an estimate while i was on the phone with a potential seller.

I guess using a calculator and quick logic would be just as easy.

Edited: 06/26/2010 at 06:20AM

Alan O'Brien

Real Estate Investor · San Jose, CA

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Nov 09 '08, 06:44 AM

Hey Matt,

I have rehabbed a number of properties over the past few years. At one stage I was doing 15 props a month. we use MyPropFolio to do our property analysis online.

This is my company so I am being biased but with in seconds, it will calculate your required purchase price based on profit for a flip as well as if you want to do a cash flow analysis for a buy & hold.

If you have any questions let me know
Thanks
Alan

Edited: 06/26/2010 at 06:20AM

Michael Rogers

Real Estate Investor · Ooltewah, Tennessee

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Nov 10 '08, 02:51 AM

Is there any property analyzing software avalible for wholesaling/ rehabs?
Thanks.

Matt,
Here is a link to an Excel spreadsheet I use after a deal has passed the "back of the envelope" test. I'll print it out and use it when I visit the bank for financing. It's not for calculating rehab cost, but for calculating cash flow on proposed purchases. You might be able to tweak/revise it to do what you need. Anyway, it's free to use. So if it doesn't work, at least you haven't wasted any money.

Click on REI Property Analyzer.xls on the following page.

http://www.chandler-property.com/Chandler-Property/Resources.html

Edited: 06/26/2010 at 06:20AM

German Chas

· Alabama

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Nov 25 '08, 12:34 PM

Analyzing Foreclosure Properties?
If you are planning to buy a foreclosure, would it be good to have an experienced estimator on your team......?

Cosmetic dentist in Southampton

Edited: 06/26/2010 at 06:28AM by German Chas : link removed, use signature

N/A N/A

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Nov 27 '08, 06:04 PM

thanks Michael for the following resouces, I find the property analyzer extremely helpful as I was in the process of trying to put one together myself.

Edited: 06/26/2010 at 06:29AM

Michael Rogers

Real Estate Investor · Ooltewah, Tennessee

157 posts
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Dec 05 '08, 11:59 PM

thanks Michael for the following resouces, I find the property analyzer extremely helpful as I was in the process of trying to put one together myself.

No problem. Glad it was helpful. Feel free to modify and share it.

Edited: 06/26/2010 at 06:34AM

Account Closed

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Dec 06 '08, 12:38 AM

Hammerpoint Project Estimator will prompt you to consider just about everything that can possibly be wrong with a property.

http://www.realeflow.com/hammerpoint.html

Edited: 06/26/2010 at 06:34AM