Perhaps the most powerful tool any house flipper has is their smart phone. All human knowledge is at your fingertips with a 4G connection, and that includes a wide variety of information and resources on available properties, deal calculators, and house flipping loans. Here are five of our favorite house flipping apps and sites to put on your phone before your next investment.
1. Zillow
Zillow offers an excellent MLS app that lets you research specific properties, neighborhoods, and cities. It has easily readable information about pricing trends, homes sold, and community features. If you’re not a big fan of Zillow, you can also use apps from Realtor.com, Trulia, or Redfin.
Bigger Pockets is constantly being updated with expert information about the latest property investment tips, trends, and news. We regularly contribute to Bigger Pockets – check out our articles here. On the go, Bigger Pockets can be an excellent resource for answering any questions you may have about house flipping. Almost any question you can think of has already been answered in Bigger Pockets’ extensive forums. Even if you don’t find exactly the answer you’re looking for, this app is usually a great place to start when trying to find answers to a nuanced house flipping conundrum.
3. Homesnap
This snazzy new app lets you take a picture of any property, and it will tell you the address, the estimated value, the local demographics, and other pertinent information about the home. It’s a little big brother-ish, but it’s also an extremely useful tool when you’re out and about looking for new properties. If you don’t have the time to figure out the address of a particular home, just snap a picture and you’ll be able to find all of the appropriate information later.
4. MagicPlan
Another amazing photo app, MagicPlan lets you create a detailed floor plan of any home just by taking pictures throughout the house. It’s a powerful and practical app that gives you a great starting point for any remodels you might be doing.
It may be cheating to add ourselves to this list, but the ZINC Financial website has some excellent tools that can come in handy while on the go. We have a wide variety of calculators to help you estimate costs and give you more information about residential rehab loans. Plus, our Deal Analyzer can help you figure out whether a potential investment is worthwhile in a matter of minutes.
