It’s easier than ever to analyze potential real estate investing deals, to forecast renovation costs, and to prepare reports and presentations for lenders and investors. For that matter, it’s easier to research off-market deals and manage rental properties through real estate investment software, too.
The problem is that the same applies for your competitors. To keep a competitive advantage over an ever savvier pool of real estate investors in your market, you need the best real estate investing tools at your disposal.
In this article, we present to you our top 3 picks for the best software for real estate investors. We’ll start with real estate investment software for individual investors and work toward enterprise-level software for larger investors. As we go, we’ll point out exactly who each type of software is designed for, so you can find the property investing or house-flipping software best suited for your needs.
How can real estate investment software help investors?
From house flipping to wholesaling, commercial investing to rental investing, the best real estate investment software options target one niche and excel within it. It is crucial to consider what types of real estate investing strategies are being used to determine what unique features and functionalities are most relevant to look for in software. Different software could work better for different investors.
DealSourcing.co is a top name in real estate investment software. Property sourcing software allows you to identify, source, analyse and contact vendors from Rightmove, Zoopla, OntheMarket, Gumtree and more from a single platform.
Search over 200,000+ Below Market Value deals (Buy-To-Let, HMO and BRRR) with ROIs above 15% with the click of a button. For me, the key feature of this platform is to find High Yield properties. They calculate an annual ROI of each property they listed, for me is a no brainer to have DealSourcing.co if I am looking to buy-to-let deals. The software also calculates the return on investment for every property on Rightmove and Zoopla and locates below market value properties for sale, saving investors hours of time spent on research.
Who It’s For: Property investor and property deal sourcers in the UK.
Pros: DealSourcing.co is powerful, comprehensive, and includes market and economic data. Many users find it intuitive and relatively easy to learn despite its impressive feature set.
Argus is a top name in commercial real estate investment software. It includes valuation analysis, cash flow analysis, and risk analysis. One useful feature is a set of tools to manage different investors who provided funding for your project with instant reports and accounting for them.
But Argus is best known for how it incorporates macroeconomic data to provide investors with trends and forecasts. Investors can use this data to help them predict future returns, along with risk and future performance forecasting.
Because it’s an enterprise-level solution, Argus real estate investment software makes it easy for teams to work together. It supports easy data sharing and collaboration for team members.
Who It’s For: Larger and mid-size commercial real estate investors and developers.
Another Excel-based property investment software, CREmodel helps investors quickly analyze multifamily properties and apartment buildings, retail space, office space, industrial properties, or mixed-use property investing projects.
Like RealData, it excels (pardon the pun) at generating quick-but-professional reports for prospective lenders and investors. It also serves as an excellent real estate deal analyzer and real estate flipping software with detailed cost accounting and profitability analysis features.
CREmodel includes calculators for return on investment, cash-on-cash return, net present value (NPV), internal rate of return (IRR), leveraged IRR, debt coverage ratio (DCR), and even “preferred return” calculations to help manage project investors.
Who It’s For: Small to mid-size commercial and industrial real estate investors and developers.
Pros: CREmodel is extremely affordable, charging a one-time fee of $89 with a 60-day refund guarantee, and no ongoing subscription costs. It is flexible and powerful in its own right, and is able to compete with the far more expensive RealData, though not boasting the powerful features of Argus real estate investment software.
Cons: Lacks the economic data of Argus, but it’s extremely competitive at its price.
Try one of these house flipping apps before your next real estate deal, and let us know what you think!
Depending on your size, experience, and investing niche, there’s a real estate investment software above designed to serve your needs.
Before committing to any one property investing or house flipping software, be sure to test a free account or free trial first. There will be a learning curve with each of the software options above and generally speaking the more powerful the platform, the greater the learning curve.
Brought to you by DealSourcing.co.
DealSourcing.co puts the power of automation in your hands. Search over 200,000+ Below Market Value deals (Buy-To-Let, HMOs and BRRR) with ROIs above 15% with the click of a button. Find High Yield properties with our efficient and easy-to-use tools.