Updated almost 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 house flipping 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 five 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:
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.
See a sample lender report here: https://tools.reikit.com/properties/faa081c5/
Wholesalers can market a property to other investors and get it under contract quicker.
See a sample marketing report here: https://tools.reikit.com/properties/0d89ffde
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-featured, risk-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.
Cheers!
Kuba