All Forum Posts by: Kuba F.

Hi BiggerPockets Community,

Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com, based out of Los Angeles.

REIkit offers a 7-tool system that works to:

• Bring in distressed seller leads (with marketable lead pages)
• Track and prioritize those leads
• Create a highly detailed property analysis with in-depth property due diligence
• Market those properties to lenders or cash buyers

The only system you need, with:

Lead Pages:Unlimited online page creation in two clicks of a button. Your creative options are endless: one page for each of your target neighborhoods to bring in distressed seller leads, one for locating cash buyers, and so on. All you have to do is point your marketing campaigns at these pages!

Seller Leads CRM: Leads from your Lead Pages automatically show up in your integrated CRM, to track, tag, and create tasks. Upload contracts and other documents. Upload leads from any list provider or lead source.

Bullseye ARV: Search for comps and calculate a true After Repair Value (

Accurate Rehab Cost Estimates: Create itemized rehab cost estimates with nationwide costs indexed to a zip code, 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.

Reports for Lenders: Get funded faster with comprehensive deal numbers that display your expertise.

Present to Cash Buyers: Market your property to other investors and get it under contract quicker with professional presentations.

Consolidate your current tools, or start your business right with an integrated system from REIkit!

I invite you to view more details or try a full-featured, free, risk-free trial of the software to discover all of the tools here:

https://www.reikit.com

If you have any questions about the software, drop a comment below or catch me on chat at the site.

Cheers!

Kuba

Hi Everyone,

Kuba Fietkiewicz here, founder of REIkit.com house flipping and wholesaling software based out of Los Angeles.

Real estate flippers and wholesalers 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 incredible wholesale and off-market deals online

and

27 no-internet-required tactics to find properties

Let me know if I missed any on the site or in the comments below.

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 GC.

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 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 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 Lead Pages, Seller Leads CRM, Premium Data for Comps and ARV, Loan History Information, Deal Analysis, Marketing, and more!

Not having a buyer's agent will not net you a better deal.  The seller's agent is just going to keep their full commission that they negotiated, and you'll just end up paying for someone not representing you. 

Hi Everyone,

My name is Kuba and I'm the founder of REIkit online house flipping and wholesaling software based in Los Angeles.

I wanted to let the BiggerPockets community know about a tool that I built out that is free for anyone to use, the 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

That depends on where you are, who is doing the work, and what work needs to be done.  If you don't know the answer to those questions then the answer is no.

I would recommend you start with reading @J Scott's book on estimating rehab costs, as well as this BP blog post that I wrote a while back on how to estimate costs for 29 common rehab projects:

https://www.biggerpockets.com/member-blogs/8814/72...

Good luck!

Kuba

Hey BiggerPockets Community,

Kuba Fietkiewicz here, founder of REIkit house flipping and wholesaling software.

Today I'll talk a little bit about two 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.com online ARV calculator to make it as painless as possible to create a property analysis, adjust the comps, and save the analysis.

Speaking of adjusting the comps, now for the part where you may save money.

In my original spreadsheets I realized that by just averaging the values of the comps, I missed out on an important step, which was 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 with the ARV Calculator and Comps Adjustment tool today.

What have you got to lose, but lost time and money?

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 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.

In 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.com online real estate investment software for house flippers, wholesalers, and buy and hold based out of Los Angeles.

I'm excited to announce that the the REI/kit suite of due diligence and deal marketing tools now includes online Lead Pages and the Seller Leads CRM!

Systematize your business with:

This 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.

• No more switching back and forth between websites or programs
• No more paying for multiple subscriptions for different software
• No more downloading desktop software

For more details or to sign up for a full-featured, free and risk-free trial, click on this link:

https://www.reikit.com

Cheers!

Kuba

The other problem you might have is whether you've getting lien waivers signed by the subs and contractor as they've been getting paid instead of waiting to do the paperwork at the end. Getting one from the contractor during a dispute becomes more challenging.

I would try to collect those ahead of getting into any disputes, then try to figure out how to account for the $4000.

There's a high likelihood that he has already spent the money, so your decision may be whether or not you figure out how to have him perform the work that you paid for or cut your losses.