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Updated 3 months ago,
I'm new to real estate investing and looking for some advice on software.
Hi,
I've recently been learning about real estate investing, and as I'm going through this I'm realizing how fragmented the technology and data is, and how manual the opportunity identification is. I have to visit so many different sources to gather the full picture of the property, then manually input the data into calculators, Excel models, or other tools to calculate cashflow potential. I even find myself looking at public records to understand what liens might exist on the property that I might have to assume when purchasing it, and these public record sites are not very straightforward to use. It all just seems very manual and time consuming to do all those things for one single property only to realize that it's not a good opportunity.
My question to this community: "What tools are you using to automate this process?" - or is this process largely manual because of a lack of tools?
Maybe I'm overcomplicating my analysis? - I would appreciate some honest feedback about that as well.
Thank you so much for everyone's advice as I get started on this!
-NM