All Forum Posts by: Kuba F.

In broad strokes you need 1) lead relationships (wholesalers, agents, etc) 2) money relationships 3) contractor relationships 4) supplier relationships 5) sell side agent 

Let me know if you need any recommendations for any of those in Los Angeles County.

There's no reason for you not to call several hard money lenders right now and learn about their programs and talk about different scenarios.  This will help you in your analysis, understanding what kind of deals you can get into in the first place.

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!

Once under contract I sometimes will get an inspector to go in and give me a verbal breakdown without a report to save money. I don't need a report, just need to know general state of the property. If it's a complete gut, I don't bother.  

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

Hey Patrick.  

With websites you basically have 3 options.  DIY, hire it out, use a website company with a prebuilt website. 

DIY is cheapest in the short run, but most time consuming to get started and you need to know what you're doing, and you may need to integrate with your other real estate systems.

Hired out is most expensive in the short run and the person you hire needs to know what they are doing and you will need to integrate with your real estate systems.

Real estate investor website companies mostly have the website figured out for you, some of which also have a suite of tools integrated.

Which one are you looking for?

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:

Fully Customizable Websites

Create your own 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 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.

• 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/

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!

Cooling is better than no cooling, and for a newly refreshed house unless it's historic in some way, usually expected even if unnecessary.  Most of the solds that I saw in that price range have central cooling.

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