All Forum Posts by: Kuba F.

Probably not what you want to hear, but when first starting out don't worry about tech.  That's premature optimization and a way to avoid/procrastinate doing the hard things first.

Go drive for dollars to find leads, knock on doors, and call people.  Only then should you build systems around the things that are painful for you.

Thanks, I completely understand how you would reach that conclusion.  

We are required to post that specific "Provided by Zillow" logo wherever we show their comps.  Their logo is only however related to line 1 of our disclaimers.  The site itself is not provided or related to them in any way.  

Hi Everyone,

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

The websites feature in REIkit will give you the following capabilities, right out of the box:

• Create a complete real estate investor website with just two button clicks to start capturing motivated seller leads online

• 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

• Able to be secured with a secure certificate for even better rankings

• Create 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 Seller Leads CRM

• 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, click on this link today:

https://www.reikit.com

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

Cheers!

Kuba

P.S. - When you sign up for a free trial you don't just get a website -- you also get full access to ALL of the 7 other tools in your REIkit.com dashboard, including the Seller Leads CRM, Premium Data for Comps and ARV, Rehab Estimation, Loan History Information, Deal Analysis, Deal Reports, and more!

Hey there, 

@La'Keita, we are not actually affiliated with Zillow.  Our free side uses the Zillow API for demonstration purposes only, however our premium side uses our premium source of comps that offers way more than what you can get with Zillow, and far more accurate.  

There's a lot of cheap house flipping software out there all of which (because their pricing) they all without exception use the Zillow API and in so doing they will do a very poor job of coming up good comps for you, and your valuation is going to be a crapshoot at best.  

Another distinction is that the Zillow API is not the same data that you will get on Zillow.  It is a far smaller and more inaccurate data set that Zillow itself is required to limit due to their data sharing agreements.

This is why we stopped using the Zillow API on the premium side and why on the free side we have an add your own comps section, so that you can augment your analysis with better comps. 

You can tell cheap software if it's coming up with comps for you for under $50 for an unlimited number of comps.  They might have other things going for them, but if you're using them for comps or valuation then your entire analysis is going to be severely flawed.   

@James Williams I've seen a number of reviews about us on this forum which you should be able to find using the search functionality.  I'm also happy to answer any questions directly.

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 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 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 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 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

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com real estate investment software for property flippers and wholesalers.

I'm excited to announce that the REIkit suite of due diligence and deal marketing tools now includes a two-click creation Website for capturing motivated seller leads, and the Seller Leads CRM.

You will also get Bullseye ARV and Comps Adjustment tools, nationwide Rehab Costs Estimates, Premium Property Data, Marketing tools, and more in one integrated dashboard that takes the place of 7 other software subscriptions.

The REIkit system is going to streamline how you run your business, by gathering those seven tools together into one dashboard, so that every detail on a property, or on a lead, is right at your fingertips.

For more details, click on this link:

https://www.reikit.com

Cheers!

Kuba

Hey BiggerPockets Community,

Kuba Fietkiewicz here, founder of REIkit 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 tool 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

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 a Website in two button clicks, Seller Leads CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Deal Reports, and more!