You’ve probably been getting inundated with news about ChatGPT from all directions; I’ve certainly been talking about it often enough with REI/kit’s ChatGPT integration! It is because I believe so strongly in what it can help you accomplish, that today I want to step back and give you a taste of WHY you should care about this powerful tool, and how it can truly benefit your real estate wholesaling business, even if you don’t use it with REI/kit real estate wholesaling software (which of course you should).  ChatGPT is an extremely powerful tool created by OpenAI that understands and gener ..read more

If you are a premium customer of REI/kit House Flipping, Wholesaling, and Real Estate Investment Software, you may have noticed some changes that have appeared in the property details page after you created a new project. This is because we have launched the first premium public record data source integration for our paid subscription customers….keeping our promise to create the ultimate deal decision support tools out there, to make your deals more profitable.   Crucial New Property Data With this release you now have access to so much more data on a target property, up to 50 data points ..read more

There are several mistakes that I consistently see new (and even experienced) real estate investors make when first venturing into house flipping.  These mistakes are understandable when the excitement to get started conflicts with the knowledge required to execute a house flipping project quickly, cheaply, and profitably. In this article I list the seven major house flipping mistakes that new real estate investors are likely to make when first starting, and how to avoid them in the first place.   Mistake #1: Buying Too High When a new investor wants to start flipping, they turn to t ..read more

In this video and post we are going to analyze a property that was advertised on BiggerPockets as a potential BRRRR real estate investment strategy candidate.   In order to perform the analysis, we will be going over: An Overview: What is BRRRR? The Potential Deal What is the 2% Rule? Gathering the Due Diligence Data Verify the After Repair Value (ARV) Identify the Rehab Costs Enter the Purchase, Sale, and Holding Costs Purchase Costs Sale Costs Operational Expenses (OpEx) Modeling BRRRR Financing: Buy, Rehab, Refinance Hard Money Purchase Loan for Purchase & Rehab FHA Conve ..read more

This question is often code for: I don’t know how to estimate rehab costs, so how can I get a contractor to help me perform my due diligence on a property by coming up with a Statement of Work (SOW) and estimating it so that I can put in an offer?   The Set Up You have decided to jump into flipping because that’s how you build up your war chest to start using the BiggerPockets BRRRR strategy. You have no construction estimation experience, but you have just found your first distressed property on the MLS, through a property wholesaler, or just driving for dollars, and are dying to get sta ..read more

While I’ve been improving the financing section of the REIkit House Flipping Software, I’ve had some time to think about the pros and cons of a few of the different investment strategies that can be used to finance your real-estate fix and flip or buy and hold projects, and eventually get your money back to reinvest in your flipping business, or rental property investments as in the case of the BRRRR strategy. Coincidentally, I’ve recently also had the chance to get into a few debates on the subject. There must be something in the air this week… The following is the li ..read more

FOR IMMEDIATE RELEASE Nashville, TN – REI/kit, the leading real estate wholesaling software, is proud to announce the launch of its groundbreaking SmartText AI technology powered by Open AI’s ChatGPT. SmartText AI is designed to enable real estate wholesalers and acquisition teams to use Artificial Intelligence to generate personalized emails and SMS messages with unique content for their prospects, all at the click of a button. SmartText AI is the first ChatGPT AI integration of its type for any real estate wholesaling software, and only available in REI/kit. This release marks a major milest ..read more

The one thing that is constant is that I am consistently improving the software in response to customer feedback, as well as a result of my own daily use of the tools. As a result of feedback from one of customers who is a HomeVestors franchisee and performs a high volume of ARV assessments, there are several new calculations that have been added to the ARV calculator. These calculations should help you reason much more effectively about the potential value of your real estate even more in line with appraisal best practices, especially when performing a sales comparison analysis and adjusting ..read more

The REI/kit Lead Marketing Pages and Seller Leads CRM are about to launch! You already know that I built REI/kit to allow you to become an expert at deal due diligence, with tools for running comps and calculating ARV the right way, estimating rehab costs, analyzing deals based on multiple criteria, and marketing those deals to your cash buyers list or lenders using the most trustworthy reports in the business. In the process, over thousands of people have used our tools as part of their real estate investing systems with over 50,000 deals evaluated to date. As you can imagine, this has given ..read more

For immediate release: REIkit.com House Flipping, Wholesaling, & Real Estate Investment Software has released another premium data launch that will forever improve your ability to get more deals done faster and more profitably. This time, as promised, we launched loan history data, now available in all of our premium subscription plans nationwide.  This is the second part of our premium data upgrade for all of our paid subscription customers. You can read about the first part of our premium data upgrade where we launched premium property data to give you a complete picture of your ta ..read more