Real Estate Software 5

Affordable Real Estate Investment Software (Part V)

Real Data is another option for Real Estate Investment Software. They have a particular software program called Real Estate Investment Analysis (REIA), which they self-described as being “A product line (that) produces comprehensive projections of income, expenses, resale, taxes and rates of return for income-producing real estate. Use REIA to create compelling presentations for clients, partners and lenders. Automatically calculates all key investment measures including IRR, MIRR, cash-on-cash, and more.” There are 4 different editions.

The first edition listed is the Standard. This is a software tool that can be used by both the residential and commercial investor. So if you are planning to split your time between two different types of investment properties this may be a good option for you. It has up to 20-year “after-tax” analysis and runs for $495.

The next option if the International edition. This is for those buying properties outside of the United States that may need to switch currencies on normal basis and it offers an easy data field in which you can switch to metric measurement. It also includes Canadian semi-annual interest calculation. This runs for $397.

Another tool is the Lite edition, this is for those that don’t need to use the Standard edition for the commercial real estate investing feature and are just planning on focusing on residential investments. It offers a 10-year before and after tax analysis, as opposed to the 20-year calculation offered in the Standard edition. This program costs $295.

The last software program that they offer through the REIA is the Ultra-Lite. Advertised as quick and easy, this is a 10-year pre tax analysis program that will help a novice investor and first time residential property owners begin to formulate an accurate concept of what t investing in real estate really calculates out to be. It is the cheapest option at $99 dollars and is offered as eligible for an upgrade to more intensive programs as your education of real estate investing continues.

Another nice advantage to using Real Data as your software provider is that if you use a Mac, Real Data offers a Macintosh version of their Real Estate Investment Analysis program. It also offers a unique program that caters to those investors that are interested in evaluating what a section 1031 tax-deferred exchange can offer. This can accommodate as many as four investors at once and assist those that wish to use the typical, “three-legged” exchange. This is priced at $195.

Real Data Software also offers “bundles”, which enables an investor to choose a software program and take an e-course, or to customize their own program package to best suit their needs. The savings can be as much as $592 dollars, depending on how many programs you bundle together.

Here is one testimonial of Real Data, “Several years ago I reviewed a number of financial analysis programs in an attempt to find one with the flexibility to do a simple analysis quickly, yet perform a complete analysis that was suitable for presentation to a client. As a result of my review I purchased REIA 9. Over the years I have upgraded to REIA 11 and am currently using REIA 12. It is with pleasure that I can report that your program is even more flexible than when I first started using it. Not only has it been an extremely useful tool for me but produces a complete analysis report that is requested by clients and lending institutions alike.”