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The Rehab Valuator Lite is a free real estate investing, program that analyzes properties for wholesaling, renting and flipping. It assists you to calculate financing costs, estimate repairs and figure profits and returns at a click of a button.
How can the Rehab Valuator help fix and flippers?
This program assists fix and flippers in various ways such as figuring repairs cost, determining financial costs, determining carrying costs and closing costs.
The program is in an excel sheet that stimulates you to feed in essential data on a flip; repair estimates, loan terms, purchase price, length of the rehab, selling costs, closing costs and the after repaired value. The form gives accurate percentages and pre-populated for common costs of these heads. It then informs you the potential profit, the finances required and the return on your investment.
Financing costs: this program is great for wholesalers and flippers due to its many features built in for hard money loans.
You can select a loan amount on the based on the ARV and choose the points to be paid when you dispose the estate or house. However, if you have other sources of financing, you can still enter even if it is quite tricky.
Repair costs: This program has a separate page for repair costs on flips. Due to varying of cost depending on the scope of location and work, the program does not give common costs for repairs.
The form lists various repairs to be carried out, costs for the repairs, time frame and then the form calculate the repairs costs and times frames for the whole project.
Selling costs and carrying costs: majority of the investors forget or ignore the carrying costs when flipping houses. You have to account for taxes, insurances, maintenance and utilities when you own a property. This program permits you to input all these holding costs on a monthly basis or as a lump sum. It then calculates costs on the basis of the months you will hold the property.
Profit: when you feed in all the data into the program, it gives you the total profit and returns on your investment.
How can the Rehab Valuator help wholesalers?
The Rehab Valuator Lite help wholesalers to determine the price they have to purchase a house at and the price to sell it to an investor who would flip the property. This is done at a click of a button without any stress. This program is based on the 70% rule.
However, you can adjust the 70% rule to any figure you wish, thus assisting to make a concrete decision.
The program also generates comprehensive, professional reports that the wholesaler can issue to the investor. The more information is given to the investor, the more comfortable they feel purchasing the property.
How easy is the program to use?
The program is very easy to use, and it comes with video instructions. There is also excellent customer support if you require personalized assistance to kick off.
The Rehab Valuator Lite is a great tool for real estate investing, stakeholders such as wholesalers, flippers or buys and hold investors.
Rehab Valuator Lite software is a simple, FREE real estate investment analysis and property marketing software program for the wholesaler, rehabber and real estate investor - to save you time, put an end to overwhelming number-crunching, and make you a lot more money! This is great for anyone involved in house flipping and/or property renovation!
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Article Source: http://EzineArticles.com/expert/Maurice_Reese/329115
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