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PROAPOD
®Real Estate Investment Softwarewww.proapod.com
Why Use Real Estate Investment Software?
 James R Kobzeff 
In this article we'll consider why serious real estate investors—those who want to make the bestreturn possible on their real estate investments—use real estate investment software to evaluateinvestment opportunities.1.
It's fast.
Good real estate investment software makes it possible to analyze cash flows,rates of return, and profitability of rental properties in minutes. This enables investors tocollect the data needed for decision-making quickly.2.
It's precise.
Good real estate software makes accurate calculations for a wide-range of returns and measures deemed crucial to sound real estate analysis. The last thinganalysts should have to worry about is faulty math.3.
The reports are informative.
Good real estate investment software creates professional-quality reports investors can confidently pass on to colleagues, partners,and lenders.4.
It knows what data is required.
Good real estate software includes forms speciallydesigned to gather the appropriate facts and figures about a property. This is particularlyhelpful to investors with little or no real estate analysis experience because they just fillin the forms and print.5.
It keeps the seller's data honest.
Investors who have the ability to run the numbersthemselves prevent anyone from making an unrealistic presentation of the property and perhaps "slipping one" by.6.
It's inexpensive.
Good real estate investment software does not have to cost an arm anda leg. Anyone can create top-notch real estate analysis presentations forever for just afew hundred dollars.Okay, now let's consider the alternative.1.You can create your own spreadsheet. Excel makes it possible for anyone to mimicmost real estate investing software solutions. But it takes time (lots of time) to developthe reports and calculations provided in good real estate investment software. Youshould ask yourself whether you are inept enough about real estate investing and Excel before you get started. Plus, remember that your goal is make a profit on real estateinvestment and not to shave a few bucks off your analysis presentations.2.You can rely on rules of thumb. It's easy to calculate a property's cap rate or gross rentmultiplier. But what about cash-on-cash return, cash flow after tax, internal rate of return, and mortgage amortization? Bear in mind that you are planning to make a hugereal estate investment, so you should rely on something more meaningful than onsimple calculations you can do in your head.
©2009 James R Kobzeff. All rights reserved.
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