All Forum Posts by: Kuba F.

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

 Thanks Matt!

Cheers!

Hi BiggerPockets Community,

Kuba Fietkiewicz here, founder of online real estate investment 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 an easy-to-create Website, Seller Leads CRM, and more in your REI/kit dashboard...

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

@Sam Fogelson

Since you're looking for local knowledge, the best way is to call up an agent that has active listings in that neighborhood and chat them up about one of their listings and how they priced it.

Hey @Sam Fogelson

Here's a pretty detailed BP blog post that I wrote on the subject.  

https://www.biggerpockets.com/member-blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-value

Let me know if you have any questions about it.

Cheers!

Kuba

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,

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 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

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 share with contractors for project bids.

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, Seller Leads 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.

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