Real Estate Software
Most investors who are successful are using some sort of real estate software because it saves them time and money. There are tons out there to choose from, so we are going to focus on the real estate software we have experience with and currently use that allow us to find deals more easily and keep track of everything.
Depending on what type of investing you are focusing on whether it rehabbing, reo’s or short sales, the real estate software you use might vary a little. We are going to focus on wholesaling properties because there is very little risk involved, you don’t need any money of your own or good credit to wholesale a property.
The goal when wholesaling a property is to find a great deal, purchase it under market value and then flip the property to another end buyer or rehabber giving them a great deal as well. You just want to walk away with a small profit.
One of the biggest challenges with new investors is their time. They don’t have enough time to go out and find these great deals. This is where certain real estate software can shine. One of the many strategies to finding good deals is leveraging and multiplying your efforts. Let others find the deals for you and you pay them a small fee. These people that find and send you deals are called bird dogs.
The real estate software we use not only attracts bird dogs for us, it also manages and trains them so they know exactly what we are looking for. We have a specific things we are looking for when finding properties. We make sure our bird dogs know exactly what we are looking for and our requirements because we pay them a small fee for sending us properties.
The real estate software we use is called iFlip. It’s the best software you can use when wholesaling properties. It attracts and manages bird dogs and automatically pays them only when you’re approved the deal. This is a huge time saver because you can leverage other people and their time.
iFlip Real Estate Software Training
One of the things that sets this software apart for any other is the training it also provides. In the wholesale industry, there is a lot to learn in order to be successful. iFlip also trains you on the whole process of wholesaling. No matter if you are experienced or not, this training will show you exactly the business model we use to flip houses.
You are looking for a very specific kind of property so you need to know what the criteria is for approving these deals. You will see how we evaluate properties both good, bad and ugly and know exactly what to offer the bank. Most of these deals will be REO’s so you’ll see exactly what we are doing to find the best REO’s before the competition.
Another thing that is key in this business is having the funds available once you find these properties as well as a buyers list. The real estate software we use also shows you how to build your own buyers list. Not only does it show you how to build your own buyers list, it also comes with a nationwide buyers list that is updated monthly with all the cash buyers.
Funding is also one of those necessary pieces you need in order to fund the transaction between you and the bank. Once you close with the bank using “your” money, you can sell the home to your end buyer and then cash your check. If you don’t have a funding resource, we provide transactional funding for those who need help funding their deals.