All Forum Posts by: Kuba F.

Hey BiggerPockets Community,

Kuba Fietkiewicz here, founder of REIkit.com real estate investment software for house flippers, wholesalers and buy and hold.

Today I'll talk a little bit about two free tools on the site that will save you time and money. The first is the After Repair Value calculator, and the second is the Comps Adjustment tool.

Like many new investors, when I first started to fix and flip and needed to find a property's After Repair Value, I used a spreadsheet to type up my comps and average their values using basic formulas.

However, my annoyance grew with having to save version after version of a spreadsheet, deleting rows and copying content, and having to manually update formulas over and over.

I created REIkit's online ARV calculator to make it as painless as possible to create a property analysis, adjust the comps, and save the analysis.

Speaking of adjusting the comps, now for the part where you may save money. 

In my original spreadsheets I realized that by just averaging the values of the comps, I missed out on an important step, which was adjusting the comps for features.

If you've ever experienced frustration with trying to find comps exactly like the subject property, you may know where I'm coming from. 

It may have even occurred to you that if your subject property has a garage, shouldn't that mean your subject property is worth more than a comp without a garage? The answer is "Yes, absolutely."

It is absolutely crucial to compare, and adjust, for features like beds, baths, garages and pools before you commit to a deal.

Run an analysis on your potential deal with the free ARV Calculator and Comps Adjustment tool today.

What have you got to lose, but lost time and money? 

Click on this link to try it out instantly:

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

Attend a meeting or two in Jacksonville to see who the reputable hard money lenders are there, you'll hear the same names over and over.  10k isn't quite enough unless you have a money partner willing to split profits on the back end.  For hard money, you're going to need enough money saved up to pay the holding costs of your rehab as well as to pay your bills for 6-12 months, as well as any necessary down payments in the purchase of your property.  Of course you'll need to find the deals, that's the other hard part, and if you're going direct to seller then you'll need some marketing money in addition to the above.

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com real estate investment software for house flippers, wholesalers, and buy and hold.

I have a question for you today: do you have many software subscriptions for the tools you need to run your business? Is it a hassle navigating through them all, flipping back and forth just to get the information you need for each deal? 

REI/kit will help you consolidate your software with one streamlined system designed to be an end-to-end solution that is completely integrated.

You'll have access to all of these tools in one dashboard:

For more details or to sign up for a full-featured, free and risk-free trial, click on this link:

https://www.reikit.com

Cheers!

Kuba

You'll have to find interests that are a proxy for they kind of audience that you're looking for.  For example, people who like Whole Foods are likely to be in a certain demographic, so apply the same thinking to your target.     

Hi BP Community,

Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com.

If you're a wholesaler, flipper, or buy and hold, you need to use every tactic and technique available to keep your deal pipeline flowing.

In this post I focus on 27 ways to find deals that don't require the internet -- anyone can use these methods, and many are low-cost:

https://www.reikit.com/house-flipping-guide/27-ways-find-off-market-wholesale-real-estate-deals-offline

Also check out the sister articles on the site:

55 Ways to Find Deals: Online

and

35 Ways to Find Properties by Creating Relationships

Let me know what you think in the comments below!

Cheers!

Kuba

@Cesar Gamarra

Try this one: 

https://www.biggerpockets.com/files/user/kubaf/fil...

@Shawn DiMartile 

For larger jobs setting up draws via wire transfers is pretty standard for me.  You will need to send them an initial draw for ordering materials anyway so they will see that you're legit before they do any real work.  

If you're talking something below 2K, then I just pay with a credit card.  One benefit of using CC is that you don't have to do any 1099 reporting for work paid in that way as the CC company is responsible for it.

That is not $200/sqft work, $50 tops.  That is an abomination.  

If you want to see examples of $200/sqft work you should look at the kind of flips @Shawn Ward and the Bellehampton crew pull off.

Get multiple itemized bids people, or you too can overpay for Home Depot cabinets and showers to the tune of $250K.

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit online house flipping and wholesaling software, based out of Los Angeles.

Real estate flippers and wholesalers today know that finding deals is not as easy as it was just a few years ago, but one thing remains true: real estate is still very much a relationship-based business.

So whether you're driving for dollars, hustling with bandit signs, or setting up lead generation online, you still need to build those relationships.

In this post I highlight 35 real estate business relationships you should build to maximize the number of leads you get:

35 relationships to help you find more houses to flip and wholesale

Also check out the sister articles on the site:

55 ways to find incredible wholesale and off-market deals online

and

27 no-internet-required tactics to find properties


Let me know if I missed any on the site or in the comments below.

Cheers!

Kuba

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit house flipping and wholesaling software, based out of Los Angeles.

Real estate investors today know that finding deals is not as easy as it was just a few years ago. 

Properties on the MLS are going for tens and sometimes hundreds of thousands of dollars over asking.

This makes finding a deal on the MLS very difficult, although there are still deals to be had if you can find a property that is hugely undervalued.

The alternative to the MLS is to think outside of the box, and utilize every single method, strategy, and website that can possibly net a deal.

Such sources of deals can be as well-known as putting out 'We Buy Houses' signs on every street corner. 

Not so obvious methods would be looking at property seized by the IRS or other government real property surplus sites.

That's just one example of how to find wholesale and off-market deals online. 

I have compiled a list of 54 other methods, check it out at this link:

55 resources to find real estate deals online

Check out also the sister articles on the site:

27 ways to find real estate deals offline

and

35 ways to find deals by cultivating relationships

Let me know if I missed any techniques in the comments below...

Cheers!

Kuba