Format Values Where This Formula Is True For Any Value Real Estate Investment Software – Why the Benefit to Agents and Investors is Pure Logic

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Real Estate Investment Software – Why the Benefit to Agents and Investors is Pure Logic

Real estate investment software is a real benefit to agents and investors involved in real estate investment and rental property analysis like a surfboard is a benefit to a surfer – it’s logical. Here’s what I mean.

Real estate investing is defined as the act of using money to purchase real estate for the sole purpose of holding or renting it for income. In other words, real estate investing is about money (or more succinctly, “the bottom line”) and “how much money will the property make?” Real estate is the primary and ultimate concern for investors.

Therefore, because investing is about numbers, investors are by default forced to “run the numbers” when making investment decisions. Emotion plays almost no role in the business of real estate investing: investors look to a property’s financial performance and rates of return to decide whether to buy or sell.

OK, now consider the rationale for real estate investment software.

Good solutions calculate cash flow, rate of return and rate of profit, taxes, time value of money, and create a wide range of compelling reports and charts instantly and easily.

In other words, investment software does what real estate investors need—it crunches the numbers. Moreover, it does this automatically, saving the user from the time-consuming and difficult (perhaps impossible) task of learning formulas and formatting reports themselves.

Consider the benefits:

  1. Cash flow and rate of return projections
  2. Calculations for the most stringent ratios and analysis measures
  3. Abridged Revenue Estimates
  4. Attractive presentation-ready reports and charts
  5. Ready for immediate use

Also, real estate investment software is affordable. For less than $300, you can buy a software solution that provides the forms, calculations, and reports you need to make smarter, more profitable investment decisions, compare different opportunities, and become a buyer, seller, lender, and colleague or partner. Presentations.

The best place to find real estate investment software on the web. There are a variety of solutions available, however, so take your time and browse around until you find a solution that best suits your business objectives. Here are some tips:

  1. Check out the web site. Is it well organized, creative, informative, uncluttered, and easy to navigate? Remember, the same company that provides the program also publishes the website.
  2. Check the software. Does it provide the financial data and reports you want? If you’re not sure, call the company and ask for clarification.
  3. Check out the screen shots. This will give you some idea of ​​what the program will look like when you start using it.
  4. Seek customer satisfaction. What are others saying about the software? Do they look worthy?
  5. Check the support policy and developer profile. Does the company provide technical support? Does the software developer have real estate experience and is he accessible? Telephone contact with a developer with business-related experience is always preferred.

Finally, consider which options are most important to you and make sure the software offers them. Here are some ideas:

  1. Easy to learn and use
  2. Acceptable number of units – One unit plus is preferred.
  3. Loan Amortization – You want the ability to enter primary and secondary loans, as loan assumptions or new loans, and at a fixed or interest-only rate.
  4. Rate of Return – In addition to computing for things like cash flow, cap rate, and cash on cash return, does the software also calculate all four elements of tax shelter and time value of money?
  5. Concise, high-quality reports – Keep in mind that you may be trying to influence the opinion of a buyer, seller, colleague, or lender. At a minimum, you’ll want an APOD, proforma income statement, rent roll, acquisition report, and sales income report. But also consider sensitivity and scenario reports, a comparative sales report, a marketing package (executive summary), amortization tables, and charts. Make sure the reports are high-quality.
  6. Special Features – Does the software offer seamless printing, photo functionality, branding and name-rider integration, email capabilities, help files, etc.?

This article was impossible many years ago. But with the advent of computers, it is possible for agents or investors to benefit from real estate investment software. And now, thanks to the web, a software program can be researched, purchased, downloaded, and used without leaving your seat and before your second cup of coffee.

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