Updated about 7 years ago on .
Pro online analysis software for your wholesale or flip business
Hi BiggerPockets Community,
Kuba Fietkiewicz here, founder of online wholesaling and flipping software REIkit.com.
In my previous posts, I talk about the mistakes I made during my first flips, and how I ultimately learned from them.
Around that time, I searched for software on the market that was powerful enough for the “cover all the bases” analysis that is required by pro investors, but they all fell short.
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 has the tools and data that all work together to create a highly detailed analysis of your property:
Premium Data: View 50 data points* that give you the big picture, including Lien History data such as Borrower name and Estimated Owner Equity Amount.
Use this information to 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.
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