Getting into real estate is a great way to create passive income, but it’s also one of the highest liability assets a person can own. That’s why it’s so important to be extremely mindful of the investments you do make.
Hiring an advisor is a must. They can help you structure your real estate investments to minimize liability and maximize your tax deductions, but there’s a lot more you can do to ensure you’re creating wise investment strategies.
Here are a few of the coolest tech tools that are perfect for real estate investors.
The first step in becoming a real estate investor is to find real estate to invest in! That’s a lot trickier than it sounds.
The best investments provide you with a maximum return on your money, while poor investments can actually cause you to lose money. Rentometer can help you narrow down your options. This website gives you a wide range of data on properties, including rents in the area, that can help you zero in on a lucrative investment property.
Making an informed investment choice means considering all of the options in a specific area. That can take a lot of time. In order to do your job right, you have to visit many different websites and sources in order to compile a list of your choices.
Mapliv makes it a lot easier by compiling your options for you. It pulls in data from a wide range of other websites and lists investment opportunities in one convenient place.
Real Estate Calculator
Calculating the ROI for real estate investments is no joke. It can take some serious math skills, not to mention, there are different ways to determine your ROI. A real estate calculator is a must for any investor.
One of the most convenient is the real estate calculator from SNC Apps because it can be downloaded to your phone. You can save and load multiple properties on the go, allowing you to make comparisons while you’re out in the field looking for new properties.
Paperwork is a way of life for real estate investors, but that doesn’t mean you want to have to lug around all those documents! You don’t have to with CamScan.
This simple app allows you to take a photo of your document and it automatically converts it to a PDF that can easily be emailed and distributed. This one little app is sure to save you a ton of time at the Xerox machine.
Connections are important, no matter what line of work you’re in. By having the right real estate connections, you can:
- Discover investment opportunities
- Find buyers for your properties
- Learn more details about available properties
ConnectedInvestors.com enables you to connect directly with investors like yourself for information and advice.
The right tech tools can make real estate investing a lot simpler! Give one of these websites or apps a try and you’ll find it easier than ever to expand your property portfolio.