All Forum Posts by: Kuba F.

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com online 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

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com online house flipping and wholesaling software system, based out of Los Angeles. Today I wanted to talk about our newest lead capture feature: Real Estate Investor Websites.

• Create a complete real estate investor website in just two button clicks

• Be Search Engine Optimized (SEO) from the start to get you ranking on Google, with search-optimized text that speaks to your distressed seller

• Use your domain or ours

• Build unlimited landing pages inside your website

• Responsive -- your website and lead forms adapt to different browsers, phone screen sizes, and desktop machines. Hugely important if you advertise on mostly mobile social networks like Facebook

• Seller lead capture form integrates with the Seller Leads CRM

• Wholesalers, advertise your Deal inventory right on your website

Check out what your Website can look like here: https://www.reikit.co/

Here's the best part: For the price of just one website from the other guys, with REI/kit you also get access to all of these incredible real estate tools that are completely integrated:

• Contact CRM
• Premium Data for Comps and After Repair Value calculations
• Loan History Information
• Rehab Estimation
• Deal Analysis
• Deal Reports
• and more...

For more details, click on this link today:

https://www.reikit.com
Any comments or suggestions, I'd love to hear them...
Cheers!
Kuba

PS: Curious about our company? Thousands of real estate investors have used our software to evaluate over 90,000 deals, improving the efficiency of their deal due diligence, for more investments, and more profit!

Hi BP Community,

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

Finding distressed properties with motivated sellers takes perseverance, but you can cut down on the learning curve with this post.

I focus on 27 ways to find real estate 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 Incredible Deals Online

and

35 Ways to Find Properties by Creating Relationships

Let me know if I missed any in the comments below!

To your success!

Kuba

Hi Everyone,

My name is Kuba Fietkiewicz and I run my 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:

https://tools.reikit.com/comps

Comment below or chat on the site if you have any questions or even to just let me know how it worked out for you.

Cheers!

Kuba

PS: Curious about our company? Thousands of real estate investors have used our software to evaluate over 90,000 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 house flipping and wholesaling software based in Los Angeles.

Today I wanted to talk about getting material and labor costs for your rehab estimates, even if you've never set foot in a hardware store or called around for construction bids.

If you're just starting out in the house flipping, wholesaling, or rental business, you may have found out how hard it is to estimate rehab construction costs. There are really only two options in solving that problem:

1. You can bring a general contractor with you to every property you think is a potential deal,

or

2. You can get hands-on experience in identifying what is wrong with a house and do your own estimates.

The first choice is going to become expensive, fast. Unless you are in a position where you can offer work to the GC on a property you acquire, you're not going to get anyone to work for you for free.

The second option is the way to go. Yes, it requires more time and effort, but the education you acquire and eventual savings will more than make up for that.

So, what's the best way to get this experience?

In my own fix and flips, I evaluate as many properties as I can find, and when I go to visit a potential flip, I take along my camera phone and film a walk through of each room and the exterior, carefully narrating what needs repairing.

Then comes the difficult part: identifying all the items involved with a repair, itemizing all of these costs into one tidy list, and calculating the final cost. For example, a window repair not only includes the cost of the actual window but also the labor that it costs to install it.

I created the Rehab Cost Estimate Tool to help take the unknown out of getting an accurate estimate.

The Rehab Costs Estimate tool has:

• Thousands of items to choose from
• Each item has a material cost and labor cost associated to it
• Nationwide -- all costs based on the property's zip code
• Easily create a PDF to share, email, or print

Try out the material and labor costs Rehab Costs Estimate tool on your next fix & flip, rental, or wholesale property today with a full-featured, risk-free trial:

https://www.reikit.com

Any questions or suggestions, I'd love to hear it, please comment below or chat at 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 REIkit.com dashboard, including lead capture Websites, Contacts CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Deal Reports, and more!

Hey Everyone,

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

Today I wanted to talk about getting material and labor costs for your rehab estimates, even if you've never set foot in a hardware store or called around for construction bids.

If you're just starting out in the house flipping, wholesaling, or rental business, you may have found out how hard it is to estimate rehab construction costs. There are really only two options in solving that problem:

1. You can bring a general contractor with you to every property you think is a potential deal,

or

2. You can get hands-on experience in identifying what is wrong with a house and do your own estimates.

The first choice is going to become expensive, fast. Unless you are in a position where you can offer work to the GC on a property you acquire, you're not going to get anyone to work for you for free.

The second option is the way to go. Yes, it requires more time and effort, but the education you acquire and eventual savings will more than make up for that.

So, what's the best way to get this experience?

In my own fix and flips, I evaluate as many properties as I can find, and when I go to visit a potential flip, I take along my camera phone and film a walk through of each room and the exterior, carefully narrating what needs repairing.

Then comes the difficult part: identifying all the items involved with a repair, itemizing all of these costs into one tidy list, and calculating the final cost. For example, a window repair not only includes the cost of the actual window but also the labor that it costs to install it.

I created the Rehab Cost Estimate Tool to help take the unknown out of getting an accurate estimate.

The Rehab Costs Estimate tool has:

• Thousands of items to choose from
• Each item has a material cost and labor cost associated to it
• Nationwide -- all costs based on the property's zip code
• Easily create a PDF to share, email, or print

Try out the material and labor costs Rehab Costs Estimate tool on your next fix & flip, rental, or wholesale property today with a full-featured, risk-free trial:

https://www.reikit.com

Any questions or suggestions, I'd love to hear it, please comment below or chat at 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 REIkit.com dashboard, including lead capture Websites, Contacts CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Deal Reports, and more!

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

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com online house flipping and wholesaling software system, based out of Los Angeles. Today I wanted to talk about our newest lead capture feature: Real Estate Investor Websites.

• Create a complete real estate investor website in just two button clicks

• Be Search Engine Optimized (SEO) from the start to get you ranking on Google, with search-optimized text that speaks to your distressed seller

• Use your own domain or our subdomain

• Build unlimited landing pages inside your website

• Responsive -- your website and lead forms adapt to different browsers, phone screen sizes, and desktop machines. Hugely important if you advertise on mostly mobile social networks like Facebook

• Seller lead capture form integrates with the Contacts CRM

• Wholesalers, advertise your Deal inventory right on your website

Check out what your Website can look like here:

https://www.reikit.co/

Plus:

When you choose to build an REIkit.com website, you don't JUST get a website. You get access to all of these incredible features that are completely integrated:

• Contacts CRM
• Premium Data for Comps and After Repair Value (ARV) calculations
• Loan History Information
• Rehab Estimation
• Deal Analysis
• Deal Presentations
• and more...

For more details on the Websites and all of the integrated tools, click on this link today:

https://www.reikit.com/real-estate-investor-websites

Any comments or suggestions, I'd love to hear them...

Cheers!
Kuba

PS: Curious about our company? Thousands of real estate investors have used our software to evaluate over 90,000 properties, improving the efficiency of their deal due diligence, for more investments, and more profit!

Hey BiggerPockets Community,

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

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 online 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 instantly with the 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 90,000 deals. Join them in improving the efficiency of your deal due diligence, for more investments, and more profit!

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 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 flip, I went on the hunt for software that filled the gaps.

Unfortunately, the only property analysis tool 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 I was looking for, and that is required by pro investors.

That’s when I decided to create REIkit.com, addressing many of the limitations of the software that is available, and making sure the analysis tools are as thorough as possible.

Within the REIkit Due Diligence suite, you'll find:

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.

Plus, REIkit's polished full-color reports:

• Show off your flip project numbers to get hard money lenders on board
• Wholesalers get more contracts sold by sending these beautiful reports to their cash buyers

REIkit also highlights the data you need to make the best buying decisions possible:

Premium Data:

View over 50 data points* that give you the big picture, including Loan History and Estimated Owner Equity Amount.

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 an absolutely risk-free, full-featured trial of the software to discover all of the tools for your business today:

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.

To your success!

Kuba

P.S. - when you sign up for a free trial, you don't JUST get access to the full due diligence suite above. You also also get a two-click Website, Contacts CRM, and more in your REI/kit dashboard.