Wholesalers, get comps with this free online ARV calculator

HaveProduct
Classifieds

Wholesalers, get comps with this free online ARV calculator

Kuba F.Pro Member
Real Estate Investor · Los Angeles, CA · Member since 2013 · 2k+ posts · 694 votes

Hey BiggerPockets Community,

    Kuba Fietkiewicz here, founder of REIkit.com online house flipping and wholesaling software.

    Today I'll talk a little bit about two free tools that will make your cash buyers crawl over themselves to be the first to sign your contracts. The first is the After Repair Value calculator, and the second is the Comps Adjustment tool. 

    But first, why do you need these tools? 

    Putting yourself in your buyer's shoes, there are two questions you have to ask yourself when analyzing a potential property to put under contract.

    Can the buyer profit?

    First, you need to know if your cash buyers will even consider the deal you're looking at. 

    Does it have enough spread to fit both your AND their profit? 

    Getting an accurate After Repair Value can be accomplished with this free tool that imports comps for your property.

    How do we get to Win-Win

    Seasoned cash buyers can smell a bad deal from a mile away, but as you bring your buyers win-win deals, they will keep coming back for more.

    How do you get to win-win stage? 

    It's easy, take the time to do the research on a property you're putting under contract by performing a comps adjustment on it.

    99% of wholesalers will not take this extra step; but I guarantee you, when you do the legwork, and get to the same result as the cash buyer, THAT is a deal worth working.

    REIkit Free ARV Calculator Comps Adjustment

    Heard enough and ready to try out the tool?

    Run an analysis on a potential property you're interested in getting under contract instantly with the free ARV Calculator and Comps Adjustment tools today:

    https://tools.reikit.com/comps

    Let me know how it works for you in the comments below or on chat at the site.

    Cheers!

    Kuba

    PS: Curious about our company? Thousands of real estate investors have used our software to evaluate over 120,000 deals!

    0Reply
    10 views

    Most Popular Reply

    Stephen KeigheryBusiness Member
    Rental Property Investor · New Orleans, LA · Member since 2018 · 717 posts · 555 votes
    6y

    In my experience these type of tools don't work in New Orleans. It is nothing to do with the quality of the tools but the fact that:
    1. Louisiana is a non-disclosure state so the data sources are often incomplete
    2. New Orleans can very different property values from one block to the next. You can't use any stand "0.5 miles" type of rules but instead need to understand where the neighborhoods change. 

    I look at a lot of these tools and while they look great, I just struggle to make them work for the New Orleans area. Are there any New Orleans investors using this or similar tools?

    Home Buyer Louisiana4.850 Reviews
    See this reply in the discussion

    3 Replies

    Jump to latestLatest
    • Stephen KeigheryBusiness Member
      Rental Property Investor · New Orleans, LA · Member since 2018 · 717 posts · 555 votes
      6y

      In my experience these type of tools don't work in New Orleans. It is nothing to do with the quality of the tools but the fact that:
      1. Louisiana is a non-disclosure state so the data sources are often incomplete
      2. New Orleans can very different property values from one block to the next. You can't use any stand "0.5 miles" type of rules but instead need to understand where the neighborhoods change. 

      I look at a lot of these tools and while they look great, I just struggle to make them work for the New Orleans area. Are there any New Orleans investors using this or similar tools?

      Home Buyer Louisiana4.850 Reviews
    • Rental Property Investor · New Orleans, LA · Member since 2018 · 87 posts · 45 votes
      6y

      @Stephen Keighery haven't used any of thrse tools but I'm from New Orleans and know exactly what you mean.

    • Daniel PurcellPro Member
      Rental Property Investor · New Orleans, LA · Member since 2018 · 66 posts · 41 votes
      6y

      @Stephen Keighery

      I’m with you 100%. Too diverse of an area.

    Join the conversationCreate a free account to reply, vote on answers and follow this thread.