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Are You Looking for Good Real Estate Investment Software?

By James Kobzeff

Republish: EasyPublish™ Published: 06Jun2011 Word count: 1458 Viewed: 171 time(s) Get Free Content For Your Site

If you happen to be a real estate investor or maybe real estate agent trying to formulate the cash flow, rate of return, and profitability relating to rental real estate properties with your own Excel spread sheet and have grown to be annoyed by the specific procedure and as a result are ready to buy good real estate investment software, then you fall into one or more of several categories.

1) You created your own spreadsheet but are feed up trying to learn how to compute all the formulas

2) You don't know the most important formulas

3) You're not sure that you're including all the critical measures and rates of return required for a rock-solid rental property analysis

4) You're not sure what measures and rates of return to include

5) You don't know enough about Excel to produce professional-quality reports you would feel confident to present to clients, lenders, or partners

6) You rather make money on the deals than spend the time to learn how to make quality presentations

7) You rather make money selling investment property, not wasting your time at a computer trying to develop an application for Excel that might help you sell investment real estate

8) You have decided to make use of the "wheel" someone else has developed rather than continuing to invest the time and effort attempting to re-invent the wheel

9) You simply do not have the time to fritter away any longer

Please trust me. Having sold real estate investment property as an agent, broker, and investor for the past thirty-years I understand. Although spreadsheet programs like Excel provide excellent features that make it possible for just about anyone to create their own rental property analysis solution, it does require some learning and an ample amount of time and effort. Plus, to make it most meaningful, you also need a good understanding of real estate investing nuances.

When I developed my own real estate investment software, I already had about thirty years experience working with investment properties and investors. So it wasn't an issue for me of not knowing the formulas for the rates of return and measures required to create a sound and meaningful income property presentation. Excel, on the other hand, was quite a different story. And I must admit that it took me countless hours to master it.

Okay, so why did I? It certainly was not my first choice. Initially I purchased two different real estate investment software programs without even a thought about creating my own spreadsheet. But after discovering many weaknesses in both programs I simply felt that I could get what I wanted only by creating my own program.

But I digress.

This article is not about me, it is about you. And your requirement to buy a good real estate investment software solution that will create the cash flow, rate of return, and profitability analysis and presentations to supplement your real estate business. And the good news for you is that you can. Thanks to the web you can locate, purchase, and download an investment software solution without leaving your desk. Plus, it doesn't have to cost you an arm and a leg. You can be up and running in minutes for about two hundred dollars.

Here's some advice. Foremost, be sure to purchase the software that you need. If you plan to work with investment property only casually then you might not need a program that includes all four elements of tax shelter. If you are more engaged in real estate investing and are seeking to build or grow a real estate investing business then surely consider a program that will compute taxes. Also, make sure that the program includes a marketing package or executive summary if you plan to market rental property in addition to analyzing it.

After all, regardless what anybody says, good real estate investment analysis software is good only when it can meet your expectations and service your business needs.

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