My name is Kuba Fietkiewicz and I founded online house flipping and wholesaling software company, REIkit.com, based out of Los Angeles.
REIkit was born when I made some serious mistakes while flipping houses and wanted to find THE magic formula for how to make sure it didn't happen again.
Through building REIkit.com and doing more flips, I finally figured out that there is no magic formula to be found.
The only thing we can do is educate ourselves as much as possible and try to account for every single risk and cost we can think of before jumping into a new project.
That's what I had in mind when I build out all the tools on the site...
With each tool I build, I ask myself: "Does this tool help my customers prevent the mistakes I made back then? Does this tool help my customers succeed?"
The comps adjustment tool, which is part of the free ARV Calculator, is particularly close to my heart, because I lost over $15,000 on my first flip by not accounting for features and amenities of my comps (such as beds, baths, garages and pools) when I did my initial deal analysis.
These tools are free for everyone to use instantly and will improve your estimated After Repair Value in under an hour.
Is an hour of your time worth $15,000?
I'll leave you with the link to the free ARV Calculator and Comps Adjustment tools:
Comment below or chat on the site if you have any questions.
PS: This tool has been used over 195,000 times by thousands of investors! Give it a try and let me know how it works out for you.