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 ARV Calculator:

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 BiggerPockets community,

Kuba Fietkiewicz here, founder of online wholesaling and house flipping software REIkit.com. Today I want to talk about how you, as wholesalers looking to market to your buyer's list, can create professional deal sheets to send to them in minutes.

When I first started REIkit.com, I often got requests for new tools from wholesalers who were presented with an interesting problem.

They were finding deals, running comps and calculating After Repair Value so that they can present to their buyer's list a deal that investors would want.

The problem was that they were frustrated with the limitations of the word processing programs they were using to create these deal sheets.

They thought they were difficult to put together, boring to look at, and just didn’t present that professional, polished look they wanted to show.

I took all that feedback in and created an interface where wholesalers can build out a property detail report in just a few steps.

It looks great, and best of all can be printed, emailed, or shared. See what an example report looks like here:

https://tools.reikit.com/properties/0d89ffde

For more details, or to try out the wholesale deal report builder with a free trial, click on this link:

https://www.reikit.com

Any questions or suggestions about the software, would love to hear from you in comments below or chat on 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, Seller Leads CRM, Premium Data for Comps and ARV, Rehab Estimation, Loan History Information, Deal Analysis, 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

Hi Everyone,

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

I have a question for you today: do you have many software subscriptions for the tools you need to run your business? Is it a hassle navigating through them all, flipping back and forth just to get the information you need for each deal?

REIkit.com will help you consolidate your software with one streamlined system designed to be an end-to-end solution that is completely integrated.

You'll have access to all of these tools in one dashboard:

Depends where the numbers are coming from.  If they're coming from the same entity that would benefit from doing the deal whether it goes well or badly, then your interests are not aligned, and risks are not spread.

Always look for a conflict of interest, because where it could exist, it will exist.  

That's a common question that comes up when I'm onboarding people. 

Generally you should look at the terms of service, or the contract that you have with them if it's a smaller one-off job that they are doing for you.  They should specify how your data is used and who maintains ownership of it.  This should at least give you "some" legal protection when you are working with people.

But by and large, I think this is an unfounded fear if you're working with anyone who runs a legitimate business.  The cost to acquire those leads is so much smaller than the negative consequences of losing the trust of your customers.

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

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

Generally when I walk through a property I print this out and take notes on it while I record the whole thing with my camera phone: 

https://www.biggerpockets.com/files/user/kubaf/file/rehab-walkthrough-estimation-checklist

Then I use both of those as inputs into the estimate referring to the recording as I have surely forgotten something having walked multiple properties that day.

What kind of assessments?  For what purpose?