Popular Real Estate Property Analysis Software for Investors

Real estate property analysis software is a valuable tool for investors because it aids in determining return on investment. Without analysis software, investors would have to calculate complex mathematical equations on their own and run the risk of improper projections.

Over the years, I’ve used a variety of real estate property analysis software programs. The ones available today are substantially more enhanced than when I first began buying investment properties. Not only can I easily calculate ROI, I can also calculate income and expenses for any type of residential or commercial property, leased or rent-to-own homes, and anticipate costs for future renovations or expansion of properties.

Property analysis software provides an upper edge for determining when to buy, sell, or hold investment properties. Programs are ideal for developing presentations to obtain funding from investors or partners, or financing from banks.

The type of software required will depend on how properties are used. A good program for investors offering rental houses is RentalSoftware.com. Their benchmark product is the Landlord Cash Flow Analyzer program which is useful for forecasting cash flow and return on investment.

Other useful features include: determining rental rates; calculating income and expenses for up to 500 properties; calculating state and federal income tax; and creating financial reports for clients, investors, and lenders.

Rental Software also offers Flippers and Rehabber’s Cash Flow Analyzer program. This software helps investors easily calculate cash flow requirements, anticipated profits, rehabilitation budget estimates, along with several other helpful features.

Another popular choice amongst investors is Advantage Software, LLC. This company has developed 3 real estate analysis programs including: On Target Real Estate Investment, Flipping, and Commercial Flipping. All are available at Invest-2Win.com.

On Target provides investors with decision-making tools that can project expenses up to 10 years. This program generates detailed reports for projected expenses and cash flow, loan amortization, tax liability, return on investment, and much more. On Target is an exceptional choice for investors who want to expand their knowledge and expertise.

The Flipping and Commercial Flipping programs help investors develop strategies to quickly flip properties for profit. Tools include: project scheduling, expense estimator, tracking and recording expenses, and rehabilitation task organization.

RealData.com is renowned for providing premier real estate property analysis software programs. At present, Real Data offers 10 programs and provides substantial discounts when three or more programs are bundled together.

Real Data’s most popular program is their Real Estate Investment Analysis software, available in three formats including: Express, Professional, and International.

Real Data’s analysis software is essential for projecting income and expenses and calculating cash flow for residential investment properties, commercial realty, and undeveloped land parcels.

Every investor should have real estate property analysis software in their arsenal of tools. To succeed in this market requires careful calculation of every expense. These tools help make the job easier and more efficient.

The Relevance of Having a Realtor When Buying Real Estate Property

Some people would rather find a home by themselves instead of getting a real estate agent. However, buying real property will be faster with the presence of an agent. A study conducted by the National Association of Realtors showed that with the assistance of a broker, a buyer can find a home in a week’s time.

Here are the benefits of having an agent when buying real estate.

  • He will properly assess your requirements to make the search faster and easier
  • He will pre-qualify your preferences and look for real properties that are within your price range
  • He will go along with you to see the property or on your behalf
  • He will inspect and find out if there are pressing problems on the property that you are eyeing
  • He will make an offer to the seller or the latter’s agent on your behalf
  • He will negotiate on your behalf to acquire the property putting your interest as top priority
  • He will help you secure the appropriate financing for your selected property.
  • He will present you with experienced sellers, lawyers, movers, carpenter, plumbers, etc.
  • He will represent you all throughout the real property transactions.

As a whole, real estate agents will guide you throughout the finishing or closing stage. His advice is of great help to you, which he learned from his previous experience in real estate property.

However, you must bear in mind that although there are benefits on getting a real estate agent, not all brokers are the same. Hence, you need to talk to the agent and know of his qualifications, experience and schedule. Get one who is interested and has enough knowledge on home properties. Some agents are more proficient on industrial properties. As much as possible, he must give you informative materials on properties like a Comparative Market Analysis. The CMA has information on the latest acquired properties, the cost of the newly sold homes as well as the price lists and listing dates of homes for sale. It also contains data with regards the location of schools, shopping area, community services and transportation.

To find a real estate agent, get referrals from people you know, which is the best way of finding an agent. A good agent puts his customer’s needs and satisfaction as his top priority. The Web is another option when looking for an agent. With patience, you will be able to find the agent with whom you can trust. It is also advised that you build a good relationship with your real estate once you have found the right one. An open communication between you and your agent will make it even better.

Why Consider Real Estate Property?

Are you planning to buy a real estate property, but hesitant to do so because you do not know how? If so, consider the tips and techniques mentioned below.

Real estate investment is considered the most feasible and effective means to keep your money. Despite the onset of economic crisis and its impact on homeowners and consumers, it is still feasible and practical to invest your savings in real estate. This is because of rising prices of these properties. Despite the depressed housing sector, the constant appreciation of the sector since 1981 has prompted investors, homeowners and ordinary individuals to invest in it. More so, the huge gains experienced by those who invested in real estate has given them the inspiration to emulate their moves and has made them conclude that home ownership is a better option than saving your hard-earned money in preparation for your retirement. They also discovered that this investment is better than saving your money in banks. Why should you stick to your savings account if you have found a better way to grow your money?

What is real estate?

It is the acquisition, management, ownership, rental and sale of real property to gain profit.

Why invest in real property?

  • Homeowners, businessmen and ordinary individuals are tempted to invest their hard-earned money to real properties because it is the most popular way of generating additional income.
  • Some prefer real property because it is slower to react compared to securities. It is not like stocks that change everyday. The price of stocks is not stable, often it increases and decreases.
  • You can use your property as collateral to buy another property, to borrow money from banks or to buy stocks.
  • There are instances where you are lucky to purchase real properties lesser than their market value. You can increase the market value of the property acquired by making necessary renovations and improvements. Unlike securities, stockholders cannot do anything to increase the value of their investments.
  • It offers huge tax advantages through depreciation. For tax purposes, homeowners or investors can reduce their annual income by using real property depreciation.
  • These properties are insulated. Homeowners and investors are protected despite the drop of home values. If real properties decline in one state, it does not impact other states in the country. Unlike securities, when a particular stock decrease, all stockholders are affected.
  • It does not inflate compared to other paper assets. Despite inflation, prices of real properties increase along with inflation because it goes along with the demand despite the weakening of the dollar.
  • It produces positive cash flow despite the state of the economy. You will receive the return of your investment no matter what happens to the economy.

With the information given above, you can evaluate and assess whether to invest your money on real properties. If you plan to invest, you should plan carefully and do some research on the feasible properties worth buying in your locality.