Flipping America 298, Real Estate Technology, Part 1Flipping America

Opening:

Technology is a huge part of the world around us and real estate is no exception. We have been researching the use of technology in real estate investing for some time now and are attempting to create a resource page for your use and reference. Today as we open the subject, I’m going to share with you how we have tentatively outlined the subject, listed programs, websites, and apps to check out, and how we are going to open this up for YOU to contribute to the listings. This will likely become an ongoing feature of the show. We certainly won’t cover everything today or even next time, but we know it’s an important part of investing so we are going to make it a regular topic.

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Announcements:

Lunch with me every Wednesday. Baraonda
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Would you like to invest with the Flipping America Guy? We are looking for select partners on multiple projects. Contact us roger@rogerblankenship.com or go to rogerblankenship.com/invest.
Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.
The Flipping America Network app is available. Download for free. FlippingAmericaNetwork — all one word. Create your profile for free. List properties, browse properties. When you buy or when you sell your cost is $100.

Topic: RE Tech

The Purpose of Technology

It’s not a replacement.

Doesn’t replace understanding
1. what a deal is.
2. The process of getting a deal done
Doesn’t create common sense – comps.
Doesn’t replace the need to build relationships.
Won’t go see properties for you, although we are getting closer on that all the time.
It may suggest a solution, but it won’t make a decision (and we don’t want it to).

It’s a Tool

Automate procedures
Speed up processes
Analyze big data sets
Saves time (maybe – sometimes the setup and error correction take longer than it would have to do it manually in the first place. HOWEVER – once it’s done, the same process can be repeated much faster in the future.)

RE Tech:

Software

Branded RE sites and apps
1. Realtor.com, list view by default, map view is possible.
2. Trulia.com combo view, you cannot zoom on the map by scrolling the mouse. Pros and cons.
3. Zillow.com, combo view. Good stats on houses
4. Redfin.com, more properties in map view. Draw feature
5. Movoto Real Estate, NO map view
6. Homesnap
7. Owners.com Altisource has shut it down.
8. Estately Real Estate Search
9. Xome
10. Compass Real Estate – Homes
11. Remax.com. Nice map view, doesn’t seem to be as thorough as redfin.
12. Keller Williams, loads slowly, no map view
13. BHG Real Estate Homes
14. Century 21 Local, loads quickly, no map view
15. ERA Real Estate
16. USHUD Foreclosure Home Search
17. Hotpads
18. StreetEasy NYC Rentals
19. HAR Texas Real Estate
20. HomeSpotter Real Estate, designed for lead generation for realtors
21. Realty One app
22. Homes for Sale, Rent app
23. Millions Mapped Real Estate app
24. GoMLS App
25. Room8 Website is there only to tell you to download the app. Find a place and find a roommmate.
26. RadPad – find apartments to rent
27. Airbnb
28. LoopNet Commercial
29. CoStar Commercial
30. Idealista for real estate in Spain!
31. PropertiesBook Real Estate real estate in Abu Dhabi
Software for Property Information and Valuation
1. PropStream
2. Privy
3. Remine app. Not for the small budget
Software for Prospecting
1. Driving for Dollars Apps.
  1. Land Glide
  2. Road Warriors
  3. Driving for Dollars
  4. MileLogger – Mileage Tracker
  5. RealEstate Profinder
  6. HomeScout
  7. HomeTrust Real Estate (off market properties)
  8. Deal Machine App
  9. BirdDogBot.com
  10. REI Skip
2. Deal Analyzers, including spreadsheets people sell
  1. DealCheck
  2. DealCrunch Property Analyzer
  3. Syndicated Deal Analyzer, Mike Blank, http://www.syndicateddealanalyzer.com
  4. RehabValuator, Daniil Kleyman
  5. HouseFlippingSpreadsheet.com Dave Robertson
3. Financial calculators
  1. Mortgage Calculator by QL
  2. Loan Calculator
  3. PowerOne FE
4. Pinpoint Profits, connected investors
5. Website templates
  1. Carrot.com
  2. www.wix.com/Real-Estate/Free-Templates‎
  3. www.cribflyer.com/‎
  4. www.intagent.com/‎
  5. Colorlib.com
  6. themeforest.net
  7. Templatemonster.com
  8. https://donedealwebsite.com/real-estate-investor-websites/
Software for Management
1. Construction Mgt.
  1. Contractor tools
  2. Fieldwire Construction Management
  3. Contractor Foreman
  4. Procore
  5. Buildertrend
  6. Smartsheet
  7. Raken Construction Management
  8. Project Construction Estimator
  9. Magical Home Plans
2. Estimation Software
  1. RECalc Mortgage Calculator
  2. DealCheck
  3. Rehab property Calculator
  4. Mogul Real Estate Calculator
  5. Scoper
  6. Rehab Calculator
  7. Mastery App
  8. NYC Closing Estimator
  9. HomeAdvisor
  10. Google “construction estimator” for a bunch more
3. Rental Mgt.
  1. Landlord Tycoon
  2. Landlordy Property Management
  3. Stessa
  4. Rentredi
  5. Cozy.co
4. RE Investing Business Mgt
  1. RealeFlow
  2. FreedomSoft (or similar)
5. RE Brokerage
  1. Real Estate Exam for Dummies App
  2. Real Estate Exam Practice
  3. Real Estate Dictionary
  4. Real Estate Exam Prep
  5. Real Estate Pocket Prep
  6. Premiere Agen, RE CRM
  7. RPR Mobile (Realtors only)
  8. FlexMLS (Realtors only)
  9. Showing Time
  10. Supra eKey
  11. MoveTo
  12. RedX
  13. Arch Agent
  14. LandVoice
  15. Sales Genie
6. Contracts
  1. Docusign
  2. Dotloop
  3. Sign In and Send PDF
Data Sources
1. Attom Data
2. CoreLogic
3. HousingWire
4. SM2
5. RP Data Pro
6. TopConnector
7. Property Passbook
Blogs
1. Connected Investors, website and app
2. Bigger Pockets
3. Inman
4. RIS Media
5. Trulia’s Blog
6. RedFin blog
7. Zillow PorchLight
8. Geek Estate
9. Property Cluster
10. Realtor.com
11. Bisnow.com
12. The Bigger Pockets
13. 1000 Watt
14. Lighter Side of Real Estate
15. Epic Real Estate
16. Home Warranties
17. Power Site Blog
Games
1. FlippIt! – House Flipper
2. Landlord Tycoon
3. Real Estate Mogul
4. Real Estate Tycoon Business
Investing Sites
1. Fundrise
2. Landa
3. GROUNDFLOOR
4. Patch of Land
5. Iintoo.com
6. Dadlpinvestments.com
7. Cadre
8. Arbor Crowd
9. RealCrowd
10. CrowdStreet
11. PeerStreet
12. Small Change
13. RealtyMogul
Auctions
1. Auction.com and app
2. Hubzu.com and app
3. HUD Home Store.com
4. Realtybid.com
5. XOME.com
6. Ontario HiBid
Miscellaneous Software and Apps
1. RealEstate Templates for Pages