Article Directory :: Business - General Articles

Can Your Cell Phone Help You Make Money As A Real Estate Investor?

By Duncan Wierman

Republish: EasyPublish™ Published: 02Jun2010 Word count: 618 Viewed: 222 time(s) Get Free Content For Your Site

The answer without a doubt is YES. With the advent of advanced phone technology comes the development of some pretty cool real estate phone applications. Specialized iPhone applications will help investors save time and make smarter deals. This is great news for real estate agents and investor alike!

There are a variety of free and low-cost real estate apps for iPhone and iPod touch available, and some of the best real estate applications are listed here. The following four applications in particular act as a Real Estate personal assistants.

The "Investor Offer Calculator" is an application that takes into account property price, repairs, closing costs, profit, and other factors in order to instantly determine how much an investor should spend to purchase a property in order to make a profit. By automating the offer calculations of the Maximum Allowed Offer (MAO), it ensures that the investor will make a profit in a particular deal. It takes only seconds to determine whether or not to invest a particular property based on real estate wholesale formulas. There is absolutely no more guess work to making an offer.

Then there is the Bank Real Estate Owned application "REO Deal Hunter" which automates the search for discounted properties. The houses that this very handy application finds have already gone through the foreclosure stage and the banks just wants to get rid of these houses at bargain prices. What I like about this application is that it allows you to simplify the process of hunting down the listing agent! How would you like to stop in a neighborhood that you would like to live in, click a button, and get a listing of all the houses for sale in the immediate vicinity at a discount?

The application allows you to search properties based on your location, street address, city, or state. You can browse listings, see the closest 10 listings, map the listings, and connect with a real estate agent and get the comparable value. You can immediately see the deal potential compared to other houses around you. Investors can use this tool to learn of bargain deals, unlike other similar free applications listed in the Apple app , the REO Deal Hunter does not require the investor to subscribe to a web based foreclosure property search service.

Third is another one of my favorite applications, the "Real Estate Investor Alert" application will search by zip code for deeply discounted properties that are currently on the market. This is basically a set and forget it type. Enter in your criteria and the application will email you anytime a deal is found that matches your investing requirements. On any given day, there may be numerous properties on the market that can be acquired for less than 50 cents on the dollar. It's also possible to acquire these properties without investing any of your own money or exhausting your personal credit resources. Using the Real Estate Investor Alert application will point you in the right direction toward finding and purchasing these types of properties.

Finally there is the ultimate "Real Estate Resource Directory" This resource application can point you to almost any real estate requirement or need under the sun. The best part is that its free! The directory is similar to the yellow pages but is specific to investors and agents. It contains resources from tax advice, to real estate course reviews, to information sources onf how to transact your real estate business virtually. This is a a must have for any investor.

With the advent of these types of iphone applications for the real estate investor on the go, success is almost but guaranteed. You can download these iPhone apps from the App Store in iTunes

EasyPublish™ this article - publishers click here

More articles by Duncan Wierman

Free Report!
Ten Essential Secrets Of Article Marketing ... Grab Your Free
Copy Now:

Need Content?
Regular Top Quality Content for your Blog, Ezine or Website ...
Delivered Direct,
For Free!
Click For Details