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  2. Flipping America 298, Real Estate Tech, Pt 1

Flipping America 298, Real Estate Tech, Pt 1

Oct 18, 2019

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. 

How to contact us

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Announcements:

  • Lunch with me every Wednesday. Baraonda
  • The FAN is here!
  • 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.

  1. Doesn’t replace understanding 
    1. what a deal is.
    2. The process of getting a deal done
  3. Doesn’t create common sense - comps.
  4. Doesn’t replace the need to build relationships.
  5. Won’t go see properties for you, although we are getting closer on that all the time.
  6. 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
    2. Trulia.com
    3. Zillow.com
    4. Redfin.com
    5. Remax.com
    6. Keller Williams
    7. Homes for Sale, Rent app
    8. Century 21 Local
    9. USHUD Foreclosure Home Search
    10. Homesnap
    11. Hotpads
    12. Realty One app
    13. StreetEasy NYC Rentals
    14. HAR Texas Real Estate
    15. Movoto Real Estate
    16. HomeSpotter Real Estate
    17. Owners.com
    18. ERA Real Estate
    19. GoMLS
    20. Room8
    21. LoopNet 
    22. Idealista
    23. Estately Real Estate Search
    24. BHG Real Estate Homes
    25. CoStar Commercial
    26. Airbnb
    27. RadPad
    28. PropertiesBook Real Estate
    29. Millions Mapped Real Estate
    30. Compass Real Estate - Homes
    31. Xome
    1. PropStream
    2. Privy 
    3. Remine app. Not for the small budget 
  3. Software for Property Information and Valuation
    1. Driving for Dollars Apps.
    2. Deal Analyzers, including spreadsheets people sell
    3. Financial calculators
    4. Pinpoint Profits, connected investors
    5. Website templates
  4. Software for Prospecting
    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
    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
    1. Mortgage Calculator by QL
    2. Loan Calculator
    3. PowerOne FE
    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/
    1. Construction Mgt.
    2. Estimation Software
    3. Rental Mgt.
    4. RE Investing Business Mgt
    5. RE Brokerage
    6. Contracts
  5. Software for Management
    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
    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
    1. Landlord Tycoon
    2. Landlordy Property Management
    3. Stessa
    4. Rentredi 
    5. Cozy.co
    1. RealeFlow
    2. FreedomSoft (or similar)
    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
    1. Docusign
    2. Dotloop
    3. Sign In and Send PDF
    1. Attom Data
    2. CoreLogic
    3. HousingWire
    4. SM2
    5. RP Data Pro
    6. TopConnector
    7. Property Passbook
  6. Data Sources
    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. Blogs
    1. FlippIt! - House Flipper
    2. Landlord Tycoon
    3. Real Estate Mogul
    4. Real Estate Tycoon Business
  8. Games
    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. Investing Sites
    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. Auctions
    1. RealEstate Templates for Pages
  11. Miscellaneous Software and Apps

Hardware

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

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/

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