All Forum Posts by: Kuba F.

Hi Everyone,

My name is Kuba Fietkiewicz and I run my online house flipping and wholesaling software company, REIkit.com, 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

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

Are you getting people in the door but no offers, or are they just not walking in in the first place?  The ones that are visiting, are they giving you feedback?  I'd be happy to take a look at your listing and give you an opinion, just PM me the address. Cheers!

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...

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

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 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

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 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 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

Likely. In general, when in doubt ask your local building department. While you're doing that you should also also check if any permits were pulled to convert it from a bedroom to the loft.

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 a motivated seller lead capture Website, Contacts CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Deal Marketing, and more...