All Forum Posts by: Kuba F.

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 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 out of Los Angeles. Today I wanted to talk a little about how you can estimate your rehab costs without a General Contractor.

Fix and Flip:

If you're a property flipper, you may have already tried to find an investor-friendly GC that would walk through 30+ properties with you to price out repairs, but it's not likely that you'll find one that will work for free.

Wholesaling:

If you're a wholesaler who wants to give their cash buyers the best repair estimate possible without spending thousands in GC walkthrough costs...

You are left with few options, the best of which is learning how to price out your own repairs.

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 Costs Estimation tool to help take the unknown out of getting an accurate estimate.

Not only does the tool have thousands of items to choose from, but each item has a material cost and labor cost associated to it, with all costs based on your zip code, so you get the most accurate estimate.

From there it creates an itemized list for you to compare contractor bids with, or to supply to your buyers in your property details PDFs.

The Rehab Costs Estimate tool is as close as you'll get to accurate rehab costs, without a GC.

Click the link below to find out details or sign up for a risk-free, full-featured trial to try it out:

https://www.reikit.com

Any questions or suggestions, I'd love to hear it...comment below or chat at the site.

To your success!

Kuba

P.S. - when you sign up for a free trial, you'll also get full access to all of the other features in your REIkit.com software dashboard, including a fully-customizable Website, Contacts CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Marketing, and more!

Hi BP Community,

Kuba Fietkiewicz here, founder of online house flipping and wholesaling software REIkit.com based out of Los Angeles. Today I want to let you know about the free resources on the REIkit website...

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

Below, check out these 3 posts for a massive total of 117 ways to find wholesale and off-market properties offline, online, and by building relationships.

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

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

You're bound to find a gold nugget or two in this list of online methods to find more properties:

https://www.reikit.com/house-flipping-guide/55-resources-to-find-real-estate-deals-online

35 relationships you should build to find more houses to flip and wholesale

You never know who will have a lead! Check out this list and start creating win-win relationships everywhere you go:

https://www.reikit.com/house-flipping-guide/35-relationships-to-help-you-find-more-houses-to-flip

Did I miss any? Let me know what you think 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: Investor Websites.

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 calculations
• Loan History Information
• Rehab Estimation
• Deal Analysis
• Deal Reports
• and more...

Here are the details on the 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 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/

For more details, or to start a full-featured free trial of Websites and all of the integrated tools, 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 properties, improving the efficiency of their deal due diligence, for more investments, and more profit...

Hi Everyone,

My name is Kuba and I'm the founder of REIkit.com online house flipping and wholesaling software based in Los Angeles.

I wanted to let the BiggerPockets community know about two tools that I built out that are free for anyone to use: the ARV Calculator and 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 the comps had a garage, and my property did not.

That was an expensive mistake that shaved $15,000 off the profitability of my flip.

If I had just taken a few extra minutes to adjust the 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 free ARV Calculator and 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?

Click this link to analyze your property with the tool instantly:

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

PS: Curious about our company? Thousands of real estate investors have used our software to evaluate over 90,000 deals and counting!

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 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 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

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 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 REIkit.com, 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

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...