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Real Estate Investment Software
If you’re a real estate investor or agent trying to create the cash flow, rates of return, or profitability for rental properties with your own Excel spreadsheet and have become frustrated by the process and are now ready to buy good real estate investment software, then you fall into one or more of several categories.
Please trust me. Having sold real estate investment property as an agent, broker, and investor for the past 30 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 wasn’t 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 so 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’s 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 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 definitely 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 software is good only when it can meet your expectations and in turn service your business needs.
James Kobzeff is the developer of ProAPOD – leading real estate investment software solutions since 2000. Create rental property cash flow, rates of return, and profitability analysis presentations in minutes! Easy and affordable. Learn more at => www.proapod.com
Article Source: EzineArticles.com
About The Video Producer
http://www.vebra.info/ As the UK’s number 1 provider of estate agency software, Vebra us confident that their estate agency software solution will help you improve your client management, administration, business control and processes, as well as marketing and task management. Find out how Vebra’s estate agency software can help you today.