Property Flipper is Available on the App Store!
February 26, 2010 Filed in: Property Flipper
I’m happy to report that Property Flipper is now available for sale in the App Store! If you’re a real estate investor involved in flipping properties, you should check it out.
Ever since I released the first version of Property Evaluator, I have received quite a few emails requesting a tool designed specifically for evaluating flips instead of buy and hold properties.
To evaluate a flip, and investor typically starts with the current market value of the property, and then subtracts the closing costs, holding costs, improvement costs, purchase price to find the profit on the deal. Other investors want to start with a desired profit amount, and figure out the maximum offer that they can make on a property to achieve that profit. The great thing about Property Flipper is that it allows you to do both types of calculations! You can also slide your finger to change the holding period from 0 to 12 months and instantly see the numbers update.
Another great feature is that you can make any of the input values proportional to another value. For example, you might know that the average market value in a neighborhood is $100 per square foot. You can enter this assumption once, and the market value will automatically be entered when you create a new property. This is a huge time saver!
Property Flipper is available in Lite and Premium versions. The Lite version allows you to evaluate a single property. The Premium version allows you to save multiple properties, and email the flip analysis as a PDF file. You can upgrade from the Lite version to the Premium version directly within the app.
The PDF report feature is a huge time saver. With the push of a button you can send a beautifully formatted PDF report to your clients. You can even include a picture of the property in the report.
If you’re an individual real estate investor, you might want to send the PDF report to your investment partners or your lender before you commit to the purchase.
If you’re a real estate agent or lender, you can use Property Flipper as a marketing tool to email professional-quality PDF reports to your clients.
All of this can be done on-site in a few minutes while you’re driving around looking at properties! Now you don’t have to drive back to your office to run the numbers through a spreadsheet.
Ever since I released the first version of Property Evaluator, I have received quite a few emails requesting a tool designed specifically for evaluating flips instead of buy and hold properties.
To evaluate a flip, and investor typically starts with the current market value of the property, and then subtracts the closing costs, holding costs, improvement costs, purchase price to find the profit on the deal. Other investors want to start with a desired profit amount, and figure out the maximum offer that they can make on a property to achieve that profit. The great thing about Property Flipper is that it allows you to do both types of calculations! You can also slide your finger to change the holding period from 0 to 12 months and instantly see the numbers update.
Another great feature is that you can make any of the input values proportional to another value. For example, you might know that the average market value in a neighborhood is $100 per square foot. You can enter this assumption once, and the market value will automatically be entered when you create a new property. This is a huge time saver!
Property Flipper is available in Lite and Premium versions. The Lite version allows you to evaluate a single property. The Premium version allows you to save multiple properties, and email the flip analysis as a PDF file. You can upgrade from the Lite version to the Premium version directly within the app.
The PDF report feature is a huge time saver. With the push of a button you can send a beautifully formatted PDF report to your clients. You can even include a picture of the property in the report.
If you’re an individual real estate investor, you might want to send the PDF report to your investment partners or your lender before you commit to the purchase.
If you’re a real estate agent or lender, you can use Property Flipper as a marketing tool to email professional-quality PDF reports to your clients.
All of this can be done on-site in a few minutes while you’re driving around looking at properties! Now you don’t have to drive back to your office to run the numbers through a spreadsheet.