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All Forum Posts by: Shan K.

Shan K. has started 8 posts and replied 46 times.

Post: Software Tools for Real Estate Investing

Shan K.Posted
  • San Diego, CA
  • Posts 54
  • Votes 11

@Dell Epps what kind of cool CRM are you using or found ? I am using vTiger CRM which is open source and free. I will write a blog about it for the community at BP. 

With a small investment it can be customized to meet real estate domain requirements.

Post: Anyone making use of the Zillow API with Excel?

Shan K.Posted
  • San Diego, CA
  • Posts 54
  • Votes 11

Let's make list of features that community members like to see. Then we can crowd source the development. 

I would like to see

1. Automatic rent estimate using zrentestimate , plus couple of other sources 

2. Automatic zestimate , realtor.com estimate

3. School ratings -TBD Sources 

4. Crime rating - TBD sources 

5. Demography - Sources 

6. Automatic CAP calculation using estimates

Post: Anyone making use of the Zillow API with Excel?

Shan K.Posted
  • San Diego, CA
  • Posts 54
  • Votes 11

For any property I analyze I like to quickly calculate the CAP. As a part of my 5 minute analysis for the property I need to leave the spreadsheet and go to Zillow for rent estimate . I wish I could have the spreadsheet figure this out automatically.

If this feature was available I would be more productive . I am seriously looking into investing in a tool like that.  

@KC 

@KC Zhang have you made any progress on this ? Would you like to team up ?

If anyone interested in brainstorming and coming up with a set of requirements , please contact me.

Post: CRM Making Business Automatic

Shan K.Posted
  • San Diego, CA
  • Posts 54
  • Votes 11

Its a good topic though. CRM definitely makes life easy. There are several paid solutions. I use open source solution which is 100% free. The CRM is called vTiger.  Google is your friend. Love to share/write a guide for community here, if it helps.

Cheers

Shan

Post: Property Evaluation Check

Shan K.Posted
  • San Diego, CA
  • Posts 54
  • Votes 11

@Ryan on the surface the deal looks good. However information provided is not enough. 

Following my observations

- Meets 1% Rule

- 6% CAP which seems to be good.

- Does the purchase price include any rehab, capital cost , closing costs. These cost will kill your first year returns.

Now factors to consider

a. How long you want to hold the property. Needs to be > 5 years to offset the selling cost unless built in equity. 

In order to make it a good deal, deduct Capital cost , rehab costs  and selling cost from the retail value.   

b.  Age of the property - If its old maintenance reserves should go up.

c. Expected appreciation.

Cheers

Shan

I am a web developer , mobile application software engineer , entrepreneur and investor from San Diego California. 

I accidentally became owner of rental property when as I could not sell my home during the real estate downturn. Turned out to be the best thing that happened to me as my property has recovered its value. 

I am happy to join BP real-estate community and looking forward to positively contribute.

Cheers

Shan