All Forum Posts by: Kuba F.

Hey BP Community,

Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com. Today I wanted to talk about one of the most important aspects of a wholesaling marketing strategy: the deal sheet.

In this post, I go over the cash buyer's ultimate deal sheet wish list -- everything they'd love to see in your property reports that will propel you to the top of their list:

• What information to include (and not include)
• The numbers cash buyers are looking for
• How to make the property listing as appealing as possible
• Tips on creating deal sheets that are polished and professional
• Where to market the property

You will even find a rehab walkthrough checklist to take with you on appointments!

Check out the post by clicking on the link below:

https://www.reikit.com/blog/wholesaling-real-estate/wholesale-property-marketing-tips

Did I miss anything? Would love to hear what you think in the comments below.

Cheers!

Kuba

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 cultivating relationships

Let me know what you think in the comments below!

Cheers!

Kuba

Hey BiggerPockets community,

Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com. Today I’m going to make it short and sweet, and let you know about a tool that will save you time and give you greater negotiation power with a motivated seller.

I love hearing success stories from wholesalers and flippers who help homeowners in distress and manage to tuck a little into their pocket as well. This is the ultimate win-win, and it’s part of why I’m so excited to tell you about the new Lien History Data released on REIkit.

If you’ve already done the work — drove for dollars and door knocked, did skip-traces and cold-calls, wouldn't it be great if you had “insider” information to:

1. The date the lien was recorded
2. Lender’s name
3. Lender type
4. Borrower name(s)
5. Is the lien a Home Equity Line of Credit (Heloc)
6. Loan amount
7. Estimated interest rate
8. Mortgage length
9. Due date
10. Estimated balance remaining

Estimated Owner Equity Amount <---- REIkit.com shows you if the owner may be upside down, or whether the property is owned free and clear!

Understanding motivation is gold in this business, and it’s incredibly easy with REIkit.

Head over to the site to check out your property’s Lien History Data by clicking the link below and signing up for a free, absolutely risk-free trial today:

https://www.reikit.com

Any questions please leave a comment below or chat on the site.

Cheers!

Kuba

Hi Everyone,

My name is Kuba and I'm the founder of REIkit.com real estate investment software based in Los Angeles. I wanted to let the BiggerPockets community know about a tool that I built out, the Comps Adjustment Tool, that could save you thousands on your next investment.

If you've ever found yourself in a situation where you were looking for comps as part of your After Repair Value calculations, but everything that was coming back was just not the same as your subject property, you need this tool. More bedrooms? Less Bathrooms? Pool? No Pool? This all matters.

On my very first flip I did not account for the fact that all my comps had a garage, and my property did not. That was an expensive mistake that shaved $10,000 off the profitability of my flip.

If I had just taken a few extra minutes to adjust my comps, I could have avoided it entirely, instead of finding out months later when it was time to sell.

It's exactly why I built out the Comps Adjustment tool, so that others could avoid the same scenario. Wouldn't you like to know if you're going to lose money, before you make the deal?

Analyze your next property with the tool here:

https://tools.reikit.com/comps

Feel free to reach out to me here in the comments or on the site chat if you have any questions or suggestions.

Cheers!

Kuba

I use NREIG for my flips.  Although National is in their name, I don't know if they insure in Texas, but it's worth finding out.  

Hey BiggerPockets Community,

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

Today I'll talk a little bit about two 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 ARV Calculator and Comps Adjustment tool today by clicking here.

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

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

Hey BiggerPockets community,

Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com. Today I’m going to make it short and sweet, and let you know about a tool that will save you time and give you greater negotiation power with a motivated seller.

I love hearing success stories from wholesalers and flippers who help homeowners in distress and manage to tuck a little into their pocket as well. This is the ultimate win-win, and it’s part of why I’m so excited to tell you about the new Lien History data released on REIkit.

You’ve already done the work — you drove for dollars and door knocked, did skip-traces and cold-calls. Wouldn't it be great if you had “insider” information to:

REIkit.com Lien History data shows you all liens that were ever taken out on the property, and specifically:

1. The date the lien was recorded
2. Lender’s name
3. Lender type
4. Borrower name(s)
5. Is the lien a Home Equity Line of Credit (Heloc)
6. Loan amount
7. Estimated interest rate
8. Mortgage length
9. Due date
10. Estimated balance remaining
11. Estimated Owner Equity Amount

Understanding motivation is gold in this business, and it’s incredibly easy with REIkit.com.

Head over to the site to check out your property’s Lien History data by clicking the link below and signing up for a free trial:

https://www.reikit.com

Any questions feel free to leave a comment below or chat on the site.

Cheers!

Kuba

Hi BiggerPockets Community,

Kuba Fietkiewicz here, founder of online real estate investment 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 four 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:

Premium Data: View up to 50 data points* that give you the big picture, including Lien History data such as Borrower name and Estimated Owner Equity Amount. 

• 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.

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 free trial of the software to discover all of the tools for your business here:

https://www.reikit.com

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

I thought that might be the other interpretation.  Well in that case if it's a great deal and it makes sense to do it yourself then put a package together for your hard money lenders.  You could always renegotiate your closing date if you need an extra week or two.

In my opinion the best way for people starting out to learn how to do this in a controlled environment is using an apprentice model, where you find someone willing to trade their knowledge for your time and effort.