All Forum Posts by: Kuba F.

Hi BiggerPockets Community,

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

In my previous posts, I talk about my house flipping mistakes 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 REI/kit, addressing many of the limitations of the software that is available, and making sure the analysis tools are as 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:

Appraisal-Quality ARV: Search for comps and calculate a true After Repair Value.

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.

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

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 check out more details or try 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.

Cheers!

Kuba

P.S. - When you sign up for a free Pro or Business trial you get full access to ALL of the 7 tools in your REIkit.com dashboard, including fully customizable Websites, a Contacts CRM, and more...

*where available

@Tony Robinson

You're going to have to have someone walk the property and pay them.

It could be your realtor but only if you figure out a deal with them that they will only get the listing on the back end.  Just give them some money for an hour of their time.

It could be your contractor, just pay them for their time and an estimate.  You should expect around $300 for an estimate.

My normal process is: 

1) Have my boots on the ground (typically my remote realtor) walk the property with this spreadsheet in hand: https://www.biggerpockets.com/files/user/kubaf/file/rehab-walkthrough-estimation-checklist

while at the same time recording the walkthrough with their smartphone.  I'm on the call on my computer during that walkthrough, and the whole thing is recorded using a piece of software called Call Recorder.

2) Then I roughly estimate my costs based on what needs to be done in the spreadsheet as well as using the tips from this blog post I wrote: https://www.biggerpockets.com/member-blogs/8814/72452-how-to-estimate-construction-costs-for-these-29-common-rehab-projects

(@J Scott's book on estimating rehab costs is another excellent resource)

3) I put all of that into a deal analysis machine to then spit out an offer number.

4) I put an offer contingent on due diligence of the above estimate

5) Then only once the property is under contract that is when I employ the services of a contractor to come up with the estimate.

Hope that helps!

Cheers!

Kuba

Hi Everyone,

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

Real estate wholesalers and flippers 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 or wholesale

Also check out the sister articles on the site:

55 ways to find wholesale and off-market deals online

and

27 no-internet-required tactics to find properties

Did I miss any? Leave a comment below!

Cheers!

Kuba

Hey BiggerPockets Community,

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

I know what you're thinking:

"Kuba, a wholesaling system AND a website sounds expensive!"

What if I told you, that you get the entire package for the same monthly price as just ONE website from the other guys?

Let me walk you through everything you get that will help you scale your wholesaling business.

Seven tools completely integrated in one dashboard:

Two-click Websites

Create your own SEO-optimized website in less than 2 button clicks, that is designed to get a motivated distressed seller to put in their contact info, for the warmest leads out there.

Contacts CRM

Automatic import of seller leads from your website, that you can respond to directly with a central email Inbox.

Upload lists you buy from Listsource and others. 

Bullseye ARV and Comps

Calculate the After Repair Value of the property and adjust your comps for the most accurate values to give your buyers.

Premium Property Data

Use our data to help you make vital decisions about what you can do with the property and your ultimate exit strategy. 

Verify up to 50 key pieces of information for the clearest picture of an investment you'll ever have.

Accurate Rehab Cost Estimates

Estimate rehab costs for your buyers without a general contractor with detailed rehab material and labor costs that are indexed to the property's location.

Offer Price Guidance

Calculate your MAO.

What should your Maximum Allowable Offer be, including your fee?

Professional Deal Marketing

Beautiful, polished presentations that show off your accurate numbers and the hard work you put into your report.

This is everything you need to capture leads, track them, market your deals and make wise investment decisions, all in one integrated dashboard.

And I guarantee you, this is an insane value -- a website AND an incredible suite of robust deal analysis tools for the price of just ONE website anywhere else!

Get more details, and get started today with a free, risk-free trial of all of the features at this link:

https://www.reikit.com

Cheers!

Kuba

Hi BiggerPockets Community,

Kuba Fietkiewicz here, founder of REIkit.com online house flipping and wholesaling software. I've got a quick question for you today:

How much are you spending monthly on all of the subscriptions that you use to run your business? Does it look like this?

$39/mo - ARV and comps

$40/mo - CRM and Email

$30/mo - Rehab costs estimator

$40/mo - Real estate investor website

$9/mo - Marketing to your lenders and cash buyers

Combined, these tools add up to almost $160 dollars a month, and that doesn't even include financial analysis, nationwide premium property data, or nationwide rehab costs.

You get all of that, and more, with an online subscription to REI/kit, where you'll find those 7 tools integrated into one dashboard, for a third of the cost!

Our affordable price point does not mean an inferior product -- many of our customers have been with us for years and have enjoyed access to some of the best technology that continually improves. 

To learn more about all seven tools, or to try out the software with a full-featured, risk-free trial, click on this link below:

https://www.reikit.com

Cheers!

Kuba

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 you look like a rock star to your cash buyers. The first is the After Repair Value calculator, and the second is the Comps Adjustment tool.

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.

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 100,000 deals. Join them in improving the efficiency of your deal due diligence, for more investments, and more profit!

Hey Everyone,

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

Today I wanted to discuss common barriers to getting accurate property rehab cost estimates for your fix and flips or wholesale deals.

If you've already flipped or wholesaled a few properties, you have some idea of how to approach getting construction cost estimates, and maybe even have a solid process in place for doing so on future flips.

The question is, if you're estimating your own rehab costs without a GC, how much time and effort did you spend in itemizing, quantifying, and estimating costs in a spreadsheet or on paper?

Were you able to estimate reasonably accurate material and labor costs for all of those repair items?

When doing my own flips, I found that my rehab repair items were a pain to type up, sort, and price, and that's why I created the online Rehab Cost Estimator tool.

In the Detailed Cost Estimate section of the tool, you'll find every item you need to price out repairs -- down to the quantity, size, and cost of the nails used for drywall.

Simply browse for the item, enter the quantity, and the tool calculates a material and labor unit cost and adds it to your project list.

The best part is that all of the costs are pulled right out of the latest Construction Cost books by one of the most respected names in the industry.

In addition, they are indexed to a zip code, meaning that the costs you find in the tool are the most up-to-date and accurate for your area.

The online Rehab Cost Estimator Tool is a solid addition to your business - click on the link below for details or to start a full-featured, free and risk-free trial to try it out:

https://www.reikit.com

Any questions or feedback about the software, I'd love to hear it in the comments below or chat on the site.

Cheers!

Kuba

PS - When you sign up for a free trial, you'll also get full access to ALL of the other features in your REI/kit software system, including motivated seller lead capture Websites, Contacts CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Deal Marketing, and more...

@Yosef Katz

I've been in a number of threads thanking people for their kind words, the problem is I can't find them with BP search because we have a slash in our name so it pulls up thousands of pages with the term REI.

Here's one I did find: https://www.biggerpockets.com/forums/86/topics/658998-has-anyone-used-the-reikit-software

Additionally most of our reviews are on our review site: https://www.g2.com/products/reikit-house-flipping-software/reviews

BTW, most people who solicit reviews for their software pay for reviews, and I'm proud to say that none of our reviews are paid and are from actual customers.

Cheers!

Kuba

Hi BiggerPockets Community,

Kuba Fietkiewicz here, founder of online house flipping and wholesaling software REIkit.com. Today I want to talk about how you, as wholesalers looking to market to your buyer's list, can create professional deal sheets to send to them in minutes.

When I first started REIkit, I often got requests for new tools from wholesalers who were presented with an interesting problem.

They were finding deals, running comps and calculating After Repair Value so that they can present to their buyer's list a deal that investors would want.

The problem was that they were frustrated with the limitations of the word processing programs they were using to create these deal sheets.

They thought they were difficult to put together, boring to look at, and just didn’t present that professional, polished look they wanted to show.

I took all that feedback in and created an interface where wholesalers can build out a property detail report in just a few steps.

It looks great, and best of all can be printed, emailed, or shared. See what an example report looks like here:

https://tools.reikit.com/properties/0d89ffde

For more details, or to try out the wholesale deal report builder with a free trial, click on this link:

https://www.reikit.com

Any questions or suggestions about the software, would love to hear from you in comments below or chat on the site.

Cheers!

Kuba

P.S. - When you sign up for a free trial you get full access to ALL of the 7 tools in your REI/kit dashboard, including fully customizable Websites, Contacts CRM, Premium Data for Comps and ARV, Rehab Estimation, Loan History Information, Deal Analysis, and more!

Hi BiggerPockets Community,

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

Today I wanted to let you know about how the REIkit system gives you the tools you need to get your wholesaling business off the ground and on the way to profitability!

REIkit offers a 7 part system that is completely connected in one dashboard:

Two-click Websites

Create your own fully-featured website in less than 2 button clicks, SEO designed to get a motivated distressed seller to put in their contact info, for the warmest leads out there.

Contacts CRM

Automatic import of leads from your website, and you can upload lists you buy from Listsource and others.

Bullseye ARV and Comps

Calculate the After Repair Value of the property and adjust your comps for the most accurate values to give your buyers.

Premium Property Data

Use our data to help you make vital decisions about what you can do with the property, and verify up to 50 key pieces of information.

Accurate Rehab Cost Estimates

Estimate rehab costs for your buyers without a GC with detailed rehab material and labor costs that are indexed to the property's location.

Offer Price Guidance

What should your Maximum Allowable Offer be, including your fee?

Professional Deal Marketing

Beautiful, polished reports that show off your accurate numbers and the hard work you put into your presentation.

This is everything you need to capture leads, track them, market your deals and make wise investment decisions, all in one integrated dashboard.

And I guarantee you, this is an insane value -- a website AND an incredible suite of robust deal analysis tools for the price of just ONE website anywhere else!

Get more details, and get started today with a free, risk-free trial of all of the features at this link:

https://www.reikit.com

Cheers!

Kuba