Updated about 7 years ago on .
Pro online analysis software for your flip or wholesale business
Hi BiggerPockets Community,
Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com. In my previous posts, I talk about my house flipping failures and how I overcame them. One way was, of course, by educating myself on what went wrong.
Once I identified how I lost tens of thousands of dollars on my first flips, I went on the hunt for software that could improve my experience and make sure those same mistakes didn’t happen again.
Unfortunately, all of the software I could find was either a downloadable spreadsheet that required constant updates and re-saves, or online software that simply wasn’t powerful enough for the “cover all the bases” analysis that is required by pro investors.
That’s when I decided to build out REIkit.com, addressing many of the limitations of the software that is available, and making sure the analysis tools are a thorough as possible.
REIkit offers four tools that all work together to create a highly detailed analysis, as well as providing the data you need to make the best buying decisions possible:
Premium Data: View up to 50 data points* that give you the big picture, including Lien History data such as Borrower name and Estimated Owner Equity Amount.
- Understand how many times the owners have refinanced, are they upside down?
- Save time by removing owners that you can’t help from your list before you engage them
- Know instantly if there is any wiggle room at the negotiation table with Estimated Owner Equity Amount
- Save time researching across multiple websites for Annual Tax Amount, Neighborhood, Zoning, and much more.
Appraisal-Quality ARV: Search for comps and calculate a true After Repair Value (ARV) the way an appraiser would. This includes the ability to adjust your comps by assigning feature values.
Accurate Rehab Cost Estimates: Create itemized rehab cost estimates without needing a contractor, and know the real cost of your rehab before you make your offer.
Account for Holding Costs: The most comprehensive list of holding costs for you to itemize so that you can be sure that you account for every penny of the project.
Multiple Exit Strategy Analysis & Offer Price Guidance: Fool-proof guidance on what to pay for the property to make the most profit based on your investment criteria.
Once you’ve done your analysis:
- Get funded more quickly by sharing polished reports of your deal fundamentals with your hard money lenders.
- Wholesalers can market a property to other investors and get it under contract quicker.
REIkit is the real deal for professional deal analysis, and I take pride in continually improving and adding new features that my customers request. Feedback is always appreciated, and the customer support is fantastic.
I invite you to a full free trial of the software to discover all of the tools for your business here:
If you have any comments or questions about the software, drop a comment below or catch me on chat at the site.
Kuba
*where available