It goes without saying, but the real estate game can be difficult. With this business comes the many different stages of investing, such as learning, finding, financing, analyzing, and running a rental property. So, how can you get started and stay at the top of the real estate investing game with so many responsibilities? The answer is with real estate investment tools! Powered by real estate data and predictive algorithms, investment tools play a vital part in the success of real estate investors. In today’s blog post, we’ll focus on the top 5 real estate investment tools every investor needs to get started.
1. Real Estate Educational Tools
The real estate game is like any other, you need a game plan to succeed. Knowledge-backed decisions will always be better than uninformed ones in real estate. Therefore, the first type of tool every investor needs is educational resources. Take the time to learn about the essentials of buying an investment property. You should be well-versed in the mortgage qualifying process, for instance, before taking any steps. Also learn about various real estate investment strategies, property types, financing options, and basic concepts like the disadvantages and benefits of rental properties. With a good understanding, you’ll find out if becoming a real estate investor is right for you. If you believe it is, you can continue to expand your knowledge through e-books, podcasts, courses, videos, and online blogs.
Speaking of online blogs, why not check out the Mashvisor real estate investment blog? Mashvisor’s daily blog provides all the knowledge you need to excel in the real estate game. It explains various real estate concepts, such as property financing, return on investment, investment strategies, and rental property analysis. In addition, Mashvisor heavily focuses on top US real estate market locations, general trends, and current events, such as the current COVID-19 pandemic.
2. Heatmap Analysis Tool
Before you start finding real estate deals, you need to search for and analyze investment locations to find a profitable one. To do that, you need the real estate heatmap. Also known as the heatmap analysis tool, it is a must-have software for anyone in the real estate game. Like heatmaps used by weathermen, a real estate heatmap visualizes data and trends through colors. Specifically, the heatmap conducts a neighborhood analysis in a rental market. As a result, investors can find the most profitable locations to invest in. Without using a heatmap, it can take you days and weeks to collect the necessary data for a localized real estate market analysis. And that’s not including the manual spreadsheet calculations required. With Mashvisor’s heatmap, however, the process takes mere minutes.
Mashvisor’s heatmap analysis tool is the best in the real estate game. It’s interactive features allow investors to analyze locations based on their favored metrics. These metrics include:
- Property listing price
- Traditional and Airbnb rental income
- Traditional and Airbnb cash on cash return
- Airbnb occupancy rate
Mashvisor’s Heatmap Analysis Tool
3. Rental Property Finder
Mashvisor’s real estate investment software also provides the next must-have tool: the rental property finder. The rental property finder does exactly what its name implies- it finds rental properties for sale. In the old days of the real estate game, searching for listings was tedious. Investors needed to keep an eye out for “For Sale” signs or wait to hear something through the real estate grapevine. The rental property finder, on the other hand, allows real estate investors to look for properties and find them in a matter of minutes.
Mashvisor’s rental property finder gives its users a competitive edge. The tool’s AI is backed by predictive traditional and Airbnb analytics which allows it to automatically produce a list of high return investment properties for sale in any US housing market. Prospective buyers can easily find cash flow properties for sale that meet their personal criteria. The only thing you have to do is provide the following inputs:
- The real estate market(s) where you would like to invest
- Your budget
- Preferred property type (single family, multi family, condo, etc.)
- Optimal rental strategy (traditional or Airbnb)
- Number of bedrooms and bathrooms
Mashvsior’s Property Finder
4. Property Marketplace
What if your playing-field in the real estate game is off market properties? Is there a tool right for you? Absolutely! The Mashvisor Property Marketplace is all you need for this sector of the real estate game. Like Mashvisor’s other tools, the property marketplace is armed with traditional and predictive analytics. The Mashvisor Property Marketplace allows investors to do the following:
- Find off market properties that are below market value
- Analyze investment properties for sale
- List properties for sale
Mashvisor’s Property Marketplace
5. Investment Property Calculator
The last tool necessary for getting started in the real estate game is the investment property calculator. Once you’re done finding investment properties, you need to start analyzing real estate deals. That’s what the investment property calculator is all about! The calculator estimates the profitability of any rental property quickly, accurately, and efficiently.
Mashvisor’s investment property calculator uses data from rental comps in the selected housing market to perform the investment property analysis. Any type of income property for sale can be analyzed using the calculator, such as MLS listings, foreclosures, bank-owned homes, and even off market properties. The calculator will compute the rate of return on a rental property. The detailed analysis includes calculations for:
- One-time startup costs and recurring monthly expenses
- Traditional and Airbnb rental income
- Traditional and Airbnb cash flow
- Airbnb occupancy rate
- Traditional and Airbnb cash on cash return
- Traditional and Airbnb cap rate
- Optimal rental strategy
Mashvisor’s Investment Property Calculator
Real estate investment tools are essential to make money in the real estate game. With the help of these five tools, you’ll find the rental property of your dreams and generate high ROI. To start a 7-day FREE trial with Mashvisor’s investment tools, CLICK HERE!