Foreclosures Canada – BC, Alberta, Manitoba Foreclosure Lists Information

Investor Real Estate Foreclosure Software and Foreclosure Letter Templates

If you’re an investor and you are looking for some fancy expensive software for foreclosures then you should go find it at another site. What I’ve used in my foreclosure flipping business is not really “software” per say. It’s mostly excel spreadsheets that I have programmed to quickly calculate the potential return on investments on prospective properties I’m looking at, calculate cashflows, do quick comparisons between several properties and other calculator type tools that give me raw numbers for analysing deals.

I have never used software for real estate foreclosures. The only time I think some kind of software would be handy is some kind of prospect management software that keeps track of all the foreclosures sellers that you are dealing with. But unless you are buying a lot of properties every year, I don’t think it’s that necessary.

Tools I use on every deal that I analyse are:

1. Property Comparables Calculation Tool

I use this spreadsheet to quickly compare the prices and features of 2 or more similar properties to determine the market value of a foreclosure property I’m looking at.

2. Cash Flow Analysis Tool

By inputting the rental income, itemized expenses, mortgage amount, down payment, and other fields, I can calculate the monthly cash flow down to the penny, the cash-on-cash return on investment, the net return on investment over a 1-5 year period, all in less than 30 seconds.

3. Buy Fix Sell Analysis Tool

I use this for foreclosure properties that I intend to do quick flips on. I input the potential sale price, the detailed costs for renovations, carrying costs, my desired profit, and it will calculate the maximum price I am willing to pay for the property in order to have a profitable deal.

4. 10-Year Investment Analysis Tool

For foreclosure properties that I intend to hold as a long term investment. I use this spreadsheet to calculate my returns over 10 years.

I also use forms that I complete by hand for easy analysis.

1. Property Selection Score Form

I use this to give a “score” for a certain property I’m looking to determine if it’s a high enough score to be considered a deal worth further investigation.

2. Crunching The Numbers Deal Analyser Form

An all-in-one form I use to do a final analysis of a certain deal. I plug in the numbers I get from all the tools and get a complete picture with this form.

So this is what I use as far is investor real estate foreclosure software. If you like the K.I.S.S. principle (Keep it simple stupid), then these tools and forms may benefit you too.