Tag: investment property software

5 Minute Online Investment Property Analysis Strategy to Save You Time

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If you have only experienced looking at every single property listed online in person, then you will appreciate information on how to do an investment property analysis to save you time. Since it’s impossible to go and look at every single property that grabs your attention, this article will show you how to quickly analyze an investment property just to see if it’s worth looking more into. I know a lot of properties come up all the time, and so here’s a five minute analysis tip sheet to help you figure out whether the property you THINK you want is something you should pursue.

Bearing in mind that the more you scour through property listings online, the more properties you see and the more you’ll want to go out to view potential buys, this quick property analysis strategy will help you whittle down your options right in front of your computer screen before you even set foot outside your door. So let’s get started by looking at the numbers.
You’re going to be surprised how quickly and easily you can do an investment property analysis and just how effective it can be for you.  Let’s say you’ve seen a fourplex property you like and the asking price is $119,900. You then take a look at what they say the rent is—not always reliable so don’t take their word for it. Flip through pictures of the rooms to assess what work would need to be done to revamp the property and roughly estimate what that might cost. Now let’s take a closer look at the numbers. At $119,900 I would round it up to 120,000. Now let’s say I’m going to put down 20% ($24,000) down payment on a mortgage, which puts the figure at $96,000 on a 30 year repayment. I’m not going to figure tax and insurance to it just yet, and so I’m left with a principal and interest of $515.92. Now let’s take a look at the 50% rule on a property like this, which says 50% that comes in goes out to expenses and whatever is left is what you pay your mortgage with.

Some people say that until you understand your area very well, making a sound property analysis would be far more challenging at best. In this particular area a two bedroom apartment is going to rent for $500, and a one bedroom apartment for $400 a month. So let’s say our fourplex property generates rental income of $1,700 a month, minus 50% expenses would leave us with $850 to pay the mortgage (which is around $515 a month); which leaves you with $335 per month, which gives you $4,020 per year. Now let’s combine the down payment of $24,000 with perhaps a few thousand dollars in closing costs. Let’s say that ultimately we’ve put down $30,000 on this property, we’d be making a 13% return on investment. What I would look for more importantly is the cash flow numbers—in this case $335 a month. At minimum, I would shoot for $100 per unit per month. I wonder if you’ve noticed that looking at these figures as they are, they’re clearly not very enticing.

Now supposing our mortgage is for $20,000 less and we put down around $24,000. Now let’s say we leave all the other figures the same, this time the principal and interest come to just over $400. At that point it does make sense as it leaves your minimum $100 per month per unit requirement. So THAT becomes more enticing, wouldn’t you agree? So very quickly, that is how to analyze a property before driving out to look at it. If you’re the kind of person that wants to save time on researching for properties to buy, then knowing how to make a quick investment property analysis will be exactly what you’re looking for.

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Driving for Dollars? Consider Real Estate Investment Software Apps for Smart Phones

If you are in the habit of driving for dollars around neighborhoods and are yet to experience the easiest way ever to dig up information on houses you like, then you will love the infinite advantages of Smart Phone apps to make your work a heck of lot easier. Real estate investment software helps you pull up detailed data on property with a simple snap shot. That is quite honestly how easy it is. This article will expound on the simplicity of gathering all of the information you need on properties you drive by and wish to invest in, using your Smart Phone.

Real Estate Investment Software

The more you spend time driving around neighborhoods in search of vacant houses that may be suitable to invest in, the more you’ll want to find a way to gather important information on properties more efficiently. The world has moved on. There’s absolutely no need to hang on to archaic methods when there is something on the market that simplifies an otherwise long and meandering process. So let’s take a closer look at how a real estate software download free app for Smart Phone actually works.

Real Estate Investment Software

If you’re going around neighborhoods and you find a vacant house, what an Smart Phone app for real estate investors will do is pretty neat and simple—to say the least. Quintessentially, it’s got a camera button on there that allows you to hold up your phone and take a picture of a house. It’ll then save the photo on your phone and then it’s going to go and look up the information from a database to show you the address, and more information about the property, such as: number of bedrooms, square footage, the last sale date and so forth. The important thing is it will save all of this information on your phone so that once you’ve done all your driving around in search of properties, when you get home you can quickly retrieve information on all the properties you took pictures of.

Real Estate Investment SoftwareYour next step would be to look up on the public records to find the owner of the properties you’re interested in (and you’re going to be amazed at how simple and effective this really is for you), and send them a letter in the post or via some other kind of communication to make an appointment to view the properties. Some people say that the easier it is to find information on-the-go, the more fun real estate valuation software adds to the experience. I wonder if by now you’ve realized just how quick and simple it is to find information on properties you want to buying a house with cash. If you’re the kind of person that needs to minimize the workload in searching for property, then I’m sure you will appreciate that real estate investment evaluation software is exactly what you’re looking for. It certainly doesn’t get better than this for the real estate investor. In the shortest time possible, best real estate investment software will make a world of difference in helping you find the ideal house to invest in.

Visit Here for getting more information related to 7 Basic Steps to Quick Cash!

Related Article :- Cash Flow Calculator, What Do You Need To Buy A House, Avoid Foreclosure Options,  Cash Flow AnalysisHow To Flip Houses With No Money, What Do You Need To Buy A House

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Kaleidoscope into the Day of a Real Estate Investor Involved in Rehabbing and Flipping

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If you have ever wondered what the day of a real estate investor involved in rehabbing and flipping property was like, then this article will walk you through the life of a real property investor and shed light on how they check out property they’re interested in; and why they use rehab analyzer software to speed up their assessment of the viability of potential properties to buy. You’re going to be fascinated to discover just how effectively rehab analyzer software can work for you when you learn from an insider. So let’s go take a closer look!.

Let’s call our real estate investor Bill. Bill wants to buy a property in a neighborhood—let’s call this neighborhood Flipping Street. Now, before touching the property he decides to drive around Flipping Street to look at other properties. His mission is to find out what property was selling for in the neighborhood. He then finds out from the Multiple Listing Service (MLS) that other homes in the area were selling for between $60,000 and $75,000. A quick mental calculation tells our Bill that he might have to invest $20,000 on renovations and after all is done there could be a substantial profit to be made. With this in mind, he figures that this deal warrants a visit to the home that’s up for sale.

A drive around Flipping Street suggests that the neighborhood is in far better condition than he’d expected. There weren’t many “For Sale” signs in the area; the lawns were well manicured; there were no junky cars or boats around; by and large it was a neighborhood of homeowners who were proud of their properties and took good care of them. An inspection of the house in question indicates the usual upgrades and renovations are needed. Bill notes the house needs a good lick of paint both inside and out. It also needs a new roof, kitchen, flooring, lighting and several other minor bits and pieces. After inspecting the house and its neighborhood, Bill uses a rehab analyzer to quickly and easily analyze rehab opportunities to make profit projections. The analyzer indicates that the profit he stands to make from this property is between $20,000 and $28,000 which he feels is a good return on investment for a small deal such as this. He quickly makes an offer a little above the asking price of $22,000 just in case other investors are also bidding on the property, and sure enough, he is notified the following day that his offer had been accepted and that they would close the deal in 30 days.

The more you dither after identifying a lucrative property to flip, the more likely you are to lose a golden opportunity to another bidder. I wonder if you’ve realized how smart our Bill was as he went about purchasing this piece of real estate for flipping. He did his research by checking out the neighborhood and the going rates for property in that neighborhood. He then took a look at the property in question to see what it looked liked and what needed fixing, AND what it was going to cost to rehab. He ran his findings through rehab analyzer software to get an estimate on repairs and whatnot. And voila, he made an offer the minute he found out that there was money to be made. Bill is testament to the fact that until you’ve input the information to hand into the rehab analyzer software, you’ll have no idea within a reasonable degree of accuracy whether or not the property you’re interested in buying is a sensible purchase based on your investment criteria. If you’re the kind of person that wants to turn a quick profit in real estate flipping, then Bill’s simple but sound strategy would be just what you’re looking for.

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