Foreclosure software programs?

[LAdreams]

My primary interests are foreclosures/pre-foreclosures and short sales.  I have been taking a close look at software to keep myself organized and ahead of the game.

Any comments about the SharkBait software from www.foreclosure.com or any other programs that are helpful?

Thanks!

[REHAB101]

Have you found a software program yet?

[LAdreams]

I was disappointed that nobody responded to my post. Anyways, I still have the SharkBait software in my radar. There is another, not so intense and cheaper, software program that I have seen advertised that may be of interest to you. It can be found at http://www.fixingandflipping.com/index.php . They offer an Excel based layout that covers the costs of purchase, holding and rehab, to determine the potential profit of your deals. If you are an Excel Guru and have the time, you could probably create something similar for yourself.

Another great rehab software is National Home Improvement Estimator found at http://craftsman-book.com/products/info/nhi06-full.htm . The program is $25 and will give you a detailed breakdown of your entire rehab costs and a printed report that can be used with your loan packages, Of course, you will need to make the proper notes while inspecting the prospective house and carry the info over to this program.

I hope this helps.
-Larry

[jlcarignan]

I dont have any first hand experience with sharkbait, but I know several people who have shark bait, but prefer not to use it.  Appararently, it is very time consuming to master and set-up.  The folks I know who bought and no longer use, now use ACT!

-Joel

[LAdreams]

I have since heard the same thing...
Thanks!
-LA
=[:-)]

[rhm76384]

Hey,
     What is ACT!? Just bought a proprietary program and now wonder if I paid too much.
Peace,
Richard

[jlcarignan]

ACT! is a fairly populat contact manager that you can purchase at Costco or just about any other software retailer.  You might also want to look into Goldmine or the Business Contact Manager that comes with Outlook.  Microsoft makes a product to compete with Act!, but you have to run MS Small Business Server, and most of us investors dont have the time and $ to support running a server.  

My only complaint with ACT! is how unworldly slow it runs on my computer.  I have an 8 month old pc and ACT! really bogs my system down.  I gave it up and went back to Outlook.

rhm76384, what is the name of the software you bought?

-Joel

[rhm76384]

Hey,
     The program is "RE-Source" by Dynamic Real Estate Solutions,  No apparent website but they live at 1630 Welton, Suite 530, Denver, Co, 80202. Tle: 303-468-9333.
     Just got it in so after I have used it I will report on its usefulness. I have high hopes as I paid high bucks for it.
Peace,
Richard

[renovator]

Hey,

Take a look at www.foreclosurewizard.com as a possibility.
It's a Vb platform for PC, but simple to use and set up.

Also includes a scheduling database.

Only limit is that it's only good for pre-foreclosures.

But it covers the basic requirements for calculating equity, and rehab costs.

Hope this helps.

Renovator  

[LAdreams]

Renovator,

Are you currently using this software program?

[rhm76384]

Hey,
     The above mentioned RE-source is a very complete data base designed by and for REI's. It is able to keep all your records for each house/transaction including photos in one place. It automatically calculates and places in a spreadsheet all your needed financial info. It has a place to keep track of all your contacts re: that property. I like it. It is easy to use and intuitive.
Peace,
Richard

[Hollyberries]

For those you are thinking of purchasing the Shark Bait software, I caution you to think twice. I purchased mine. I changed my mind after receiving it in the mail. Without bothering to download, I sent it back asking for a full refund (minus shipping and handling). They refused to refund in full. I was refunded 80% of the price even if the software was never downloaded. Recently, the Discover Card company sent a letter of dispute and hopefully, I'll have this situation resolved.

If I were you, I would not purchase the product, Shark Bait.

[rhm76384]

Hey,
     It appears you were the bait and got eaten by the shark. However, they don't know you didn't download it. That said, I would think that they would have a "key" that you would access after you recieved the software so they could track if you had downloaded it for use. Good luck with the other 20%.
Peace,
Richard

[Hollyberries]

*chuckle* Yep, I was eaten by a shark. Thanks for your two cents.

[LAdreams]

I am inclined to stay out of the water when the shark's are feeding. With that said, I will stay away from this program!

Thanks for the warnings!