3 Real Estate Investor Tools

Most real estate markets are soft right now, some are down, and a few are up. Of course, this means that it’s a perfect time to be a buyer. With that thought in mind, here are some tools that real estate investors can use to determine whether or not to buy a property, what to do with it and where to find a good deal.

Bigger Pockets
The oldest, and most extensive of the sites mentioned here, Bigger Pockets is an educational resource for real estate investors. They have an outstanding blog, and seem to stay well clear of the sleaze that is so much a part of this industry online.

BiggerPockets® was created to help beginner and advanced investors network, make deals, and learn to invest in real estate. Learn about wholesaling, purchasing foreclosures, landlording, rehabbing, tax strategies, creative financing, land investing, commercial and residential real estate investing, and much more.

Rent Yield
If you’re planning to rent one, or many, of your properties I’d encourage you to take a good look at Rent Yield. It allows you to easily add and manage properties, tenants and vendors. It used to be a subscription based product, but now you can access it for free – something that I appreciate. It’s a simple tool, yet packs a lot of punch. It’s definitely worth trying to see whether it meets your particular needs.

Flipping Pad
The Flipping Pad is a community built around real estate investing. I wrote about them when they launched a few months ago, and though they’re still growing, they’re on the right track. Here you can network with other real estate investors, showcase your “pads” and take part in their discussion boards.