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Best Real Estate Software For Investors?
Realeflow allows you to keep track of complex transactions like short sales and rehab projects. It includes the ability to create HUD-1 spreadsheets and multiple logins for your team-members, such as business partners and Realtors. You get 16 premium lead generation websites (you pay for the domains) and if you opt for the upgraded package, you get private lender leads, cash buyer leads, renters, tax lien leads, fed into your database. Realeflow has some unique features such as voice-broadcasting, a built in local fax number to send and receive faxes, and their mobile marketing platform, Mobi (for SMS marketing broadcasts). One of Realeflow’s cool features is their Property Launch website template, which gives you the ability to “launch” a property and sell it quickly using the same groundbreaking marketing techniques and psychological triggers that Jeff Walker first pioneered in his “Product Launch Formula.” .
Freedomsoft includes only 3 main generation websites – Buyer, Seller and Private Money Lender templates. Within the platform you have access to all the forms and contracts you need for your wholesale deals. You also have the option to upload state contracts, which comes in handy when you’re making offers on MLS-listed properties or bank-owned contracts. However, FreedomSoft includes some notable features that RealFlow does not. The platform features one-click marketing, MLS leads, additional video training on the Resources tab – (videos and scripts for conversations, and downloadable audio books – REO Rockstar and Probate Profits). Two of the main features I really like about Freedomsoft are the offer calculator and the ability to automatically fill out contracts from within the software. This “offerbot” technique, in my opinion, gives Freedomsoft the edge. It saves a lot of time by prefilling most offers for you. Now, if you’re making dozens of offers every week (which you should be), all you need to do is enter the Earnest Money amount, the offer amount and the deadline, and Freesoftsoft will take care of the rest. It also has a handwriting font to fill in the signature for you. I hope RealFlow takes this feature into consideration and includes it in their next software upgrade.
Now it has to be said that Realeflow has many features that give it a competitive edge for short sale investors and rehabbers. As I mentioned earlier, the platform helps you fill out the HUD-1 and allows you to set deadlines and reminders for various tasks that need to be completed during the short sale negotiation process. Realeflow keeps you organized and reminds you to collect the necessary documents from the seller. If you’re rehabbing properties or need to calculate repairs for your end-buyer, there’s an Excel sheet hat helps calculate net profit. Hammerpoint’s built-in feature allows you to estimate maintenance based on the square footage of your property. The software then produces a printable “Contractor’s Estimate” based on the data you input into Hammerpoint. Very useful when you present a deal package to your investor-buyers.
In the near future, I will write a more in-depth review of both platforms. In the meantime, I recommend checking out both platforms and seeing which one works best for you. Both offer excellent value, and are essential tools for keeping investors organized and productive.
So which is better, Freedomsoft or Realeflow?
I believe the answer comes down to where you invest in real estate.
If you are working on a short sale space or if you buy a property to fix and flip, Realeflow is the perfect choice. It can certainly be used for wholesale sales, but I think the features of the software are more suited to a rehab or short sale investor.
If your niche is wholesale, Freedomsoft is a good choice. Not only are there dozens of features that streamline your workflow, the platform’s creator has built the software specifically with their wholesale business in mind.
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