Here at Real Estate Mogul, we use the word “awesome” and the word “sweet” pretty darn often. We know we do.
But that’s because there are so many helpful tools available now to help investors like you and me tackle our real estate businesses easier, faster, and more efficiently. In short, those tools are just plain awesome (and sweet). And this next app that I’m going to share with you today is no exception…
It’s the Property Fixer, currently available for iPhone and iPad, and designed for investors who flip properties.
It’s pretty straight forward, really: After entering some information about your property, you can instantly see how different holding periods will affect your profits. If you’re driving around on the hunt for new, hot properties, you can use app to perform a property analysis onsite (in just a few minutes)…
…rather than needing to drive back to your home or office, in order to crunch numbers there.
The Property Fixer is a solid tool for screening potential properties to find the best deals and, ultimately, the big bucks.
Interestingly enough, we’ve talked about other apps in previous lessons from the same company that created the Property Fixer. Remember this sweet (there’s that word again) rehab cost estimator? Or what about this sweet (are you getting a cavity yet?) property evaluator lesson? Yes, as time goes by, we’re becoming big fans of the company responsible for generating these helpful tools – Wasatch Digital Media, Inc. (who knew?).
Why do we like them so much, you ask? The answer is simple…
One Sweet, Valuable Investment Tool
They offer simple apps to streamline our investment businesses. Case in point: the Property Fixer can quickly calculate profit for the properties you intend to flip – which is helpful if you don’t have a pen and paper handy – but this app can do way more than that…
…and its value to you goes way beyond simple calculations.
To wit, with the robust Property Fixer app, you can also enjoy numerous additional functionalities and features:
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Email professional PDF reports to clients, lenders, and investors
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Change holding periods to see how they affects ROI and profit
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Quickly compare multiple properties in a portfolio analysis
Standard Version Features
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Edit values, view reports, and save changes for a single property
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Change holding periods from 0 to 12 months to instantly update numbers
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Take a photo and store it with the property
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View a map of the property
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Input up to 3 expenses
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Manage payment schedules with built-in mortgage calculator
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Manage semi-annual compounding for Canadian mortgages
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Use international units and currencies when applicable
Additional Premium Version Features
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Save multiple properties or what-if scenarios
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Email the flip analysis to clients, lenders, or investment partners as a PDF
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Print the performance projection to an AirPrint-compatible printer
Additional Pro Version Features
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Evaluate multi-unit and commercial properties
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Brand the PDF reports with your name, company, logo, and contact
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Create property portfolios, so you can group and compare properties
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Add multiple photos with captions
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Itemize your closing costs and improvement costs with custom categories
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Estimate improvement costs by entering your own quantities/costs per unit
The standard version of DM’s Property Fixer app is FREE, but think of it as your first “test drive”. If you just want to try this app on for size, then check-out the standard version, by all means.
Personally, though, I would recommend upgrading to the app’s premium version ($20) or pro versions ($40), in order to take full advantage of all the helpful functionalities described above. You can also upgrade from the premium to the pro version, for just $20.
Get Your Sweet Piece of the Pie Today
Investors everywhere love this app for its time saving capabilities and reporting functionalities. Both you and your REI colleagues will be impressed with the simple yet savvy features that the Property Fixer offers.
The Bottom Line
We could all use a few more productive daytime hours, but unless you can “turn back time” like Cher (you really should hear my impression of her, btw) it just ain’t happenin’, folks. So the next best thing is to find a tool that saves you time. Whether you're investing in a foreclosure, short sale, REO, MLS listing, or commercial property, this app will help you run the numbers and perform your due diligence quickly and easily.
Download – Download the Property Fixer app, currently available for iPhone and iPad.
Email – Email professional PDF reports to clients, lenders, and investors.
Research – Research various holding periods to see how they affects ROI and profit.
Analyze – Quickly compare multiple properties in a portfolio analysis.
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.