You are currently viewing Flipping America 298, Real Estate Technology, Part 1

Flipping America 298, Real Estate Technology, Part 1

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.
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  • 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.

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

It’s a Tool

  1. Automate procedures
  2. Speed up processes
  3. Analyze big data sets
  4. 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

  1. 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
  2. Software for Property Information and Valuation
    1. PropStream
    2. Privy 
    3. Remine app. Not for the small budget 
  3. 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/
  4. 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
  5. Data Sources
    1. Attom Data
    2. CoreLogic
    3. HousingWire
    4. SM2
    5. RP Data Pro
    6. TopConnector
    7. Property Passbook
  6. 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 
  7. Games
    1. FlippIt! – House Flipper
    2. Landlord Tycoon
    3. Real Estate Mogul
    4. Real Estate Tycoon Business
  8. 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
  9. 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
  10. Miscellaneous Software and Apps
    1. RealEstate Templates for Pages

Hardware

  1. Measuring devices
    1. Arrim
  2. Construction tools
    1. Key Hero
  3. Tech for the rehabbed house
    1. Smart Home stuff. 

News:

Bidding wars are taking a strange turn in the fall housing market

https://www.cnbc.com/2019/10/08/bidding-wars-are-taking-a-strange-turn-in-the-fall-housing-market.html

Confidence in housing weakens just as homes become more affordable

https://www.cnbc.com/2019/10/07/confidence-in-housing-weakens-just-as-homes-become-more-affordable.html

The top 10 best places to retire

https://www.cnbc.com/2019/10/08/the-top-10-best-places-to-retire.html

SoftBank CEO ’embarrassed’ by results of his tech investments

https://www.inman.com/2019/10/09/softbank-ceo-embarrassed-by-results-of-his-tech-investments/

Leaders in real estate technology predict the future of home buying

https://www.valuewalk.com/2019/10/real-estate-technology/

Your Questions: Send emails to questions@rogerblankenship.com

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message! 

Motivational Thoughts for the day

  • “The ones who are crazy enough to think they can change the world are the ones that do.” –Anonymous

Expected Air Date: Thursday 10/2/19