It’s much easier to get into real estate investing today than it was in the past thanks to some of the best real estate investing apps.
With that, you no longer have to buy entire properties to get started as a real estate investor.
In recent years, a variety of apps have emerged that streamline the process and provide you with instant access to scores of valuable data.
With the right mobile apps in place, you can join teams of investors that are gobbling up properties across the country.
11 Best Real Estate Investing Apps for 2021
Here are 11 of the best apps for real estate investors to start using today:
- Property Fixer
- Personal Capital
Fundrise is a real estate company that provides investors with access to premium private commercial and residential investment opportunities using crowdsourcing.
It offers a low minimum of just $500 to invest, and they claim to have a network of over 130,000 investors, as well as average historical annual returns of 8.7% to 12.4%.
Yes, you read that right. To become a “real estate investor,” all you need to do is fork over $500.
Generally speaking, Fundrise is easy to use and trustworthy. Plus, the company makes it easy to invest outside of public markets, providing a great way to diversify your portfolio.
However, real estate investing can be somewhat risky. Investors are strongly encouraged to do their own research and look beyond Fundrise before making investments through the platform in order to make sure that it’s a solid option.
Like Fundrise, Diversyfund deals in growth real estate investment trusts (REITs), with a minimal investment starting at just $500.
The company is also qualified by the Securities and Exchange Commission (SEC), meaning they are strictly regulated and audited annually for security and compliance purposes.
If you want to enter into the home real estate market — and you don’t have a trusted agent — then you may want to go through a service like Realtor.com.
This company offers a robust search option that provides direct access to homes for sale.
Homeowners can also use Realtor.com to offer rentals if they want to make a little extra cash. In addition, the company offers pre-approval for mortgages and access to professional realtors.
In short, Realtor.com is one of the most trusted and widely used sources for single-family residential properties.
4. Property Fixer
Investors who buy and sell quickly — or “flip” — properties need access to tools that can provide quick calculations. There’s not always a lot of time to think about whether a bid makes sense.
Property Fixer is a useful app that can show a potential profit and return for a flip. Investors can use the app while scouting for properties for on-the-go analysis.
In addition, real estate agents can use it to perform flip analyses for clients and provide a realistic estimate of whether a house is a good buy.
Property Fixer is a useful tool for conducting quick analysis, but it’s not very comprehensive. It should be used with additional surveying tools when looking for properties.
Sorry, Android users: Property Fixer is exclusive for iPhone and iPad.
Redfin is another real estate search engine, which is powered by the Multiple Listing Service (MLS) and provides a wealth of information for home buyers.
Using Redfin, you can access instant updates on homes for sale, open house notifications, and simple sharing. Redfin also makes it possible to take notes and pictures in their app.
One of the cool parts about Redfin is that you can conduct virtual walkthroughs using your phone — a perfect companion for pandemic shoppers who do not want to spend a lot of time entering homes.
Plus, a virtual walkthrough provides a much clearer sense of a house compared to just looking at photos, which can sometimes be doctored to make a house look nicer or larger than it actually is.
For example, while a certain property might have an attractive number of bedrooms and square footage listing, the virtual walkthrough might reveal that two of those bedrooms are more like closets, and the basement needs a total redo.
Redfin is available for Android and iOS.
6. Personal Capital
Real estate investors need to be up to date with their personal finances. This is crucial for securing financing, tracking investments, and making daily decisions.
Personal Capital is a financial planning and wealth management app that allows you to see all of your investments from one central dashboard. What’s more, the app integrates directly with Zillow so you can see the projected value of your home in real-time.
With this app, you’ll never have to guess the fluctuating value of your real estate properties; the Zillow integration should give you a good ballpark idea, all of which can be accessed from a user-friendly app.
Remember, though, that properties are only worth what someone else is willing to pay for them, despite what Zillow might have you believe.
Information is like gold to real estate investors. If you want to find the best real estate deals, you have to be first in line.
One of the best tools to help discover opportunities is Auction.com, which provides direct access to foreclosures, short sales, and bank-owned properties.
Using Auction.com, you can identify buy-low opportunities that could potentially yield far greater returns down the line. You can search by state, county, city, zip code, and address and receive detailed information about specific properties.
If you’re keen on earning passive income through real estate investing, you might want to check out BiggerPockets. The company offers a slew of investing tools and helpful content in its blogs and podcasts.
BiggerPockets offers three levels of accounts — Plus, Pro, and Premium — depending on how serious you are about investing.
Their services can be accessed from any mobile device. There’s also a marketplace where you can search for real estate deals.
Another great resource for residential real estate investors is Xome, which offers tools for buyers and sellers.
Xome has a robust database of up-to-date housing information, in addition to an auction calendar, foreclosures, and mortgage providers.
Beyond that, Xome also offers auction tools including training videos and legal disclosure documents.
It’s a powerful, user-friendly platform that you can use to enhance your nationwide property search, receive professional guidance, and make precise valuations, among other things.
In recent years, LoopNet has emerged as a leading source for commercial property sales.
You can use LoopNet to search for buildings that are for sale, and narrow down your options based on factors like price, building size, and location.
DealCheck is similar to Property Fixer. This app makes it easy to analyze rental properties, flips, and multi-family buildings.
Using DealCheck, investors can move beyond spreadsheets and perform accurate property analysis in just seconds.
DealCheck can enable you to view cash flow and profit projections, estimate repair values, and even property manager costs. You can also screen properties using customized investment criteria.
What is a Real Estate Investing App?
A real estate investing app is a digital product that streamlines certain aspects of the real estate buying, selling, planning, or funding process.
There are many different types of investment property apps on the market today — from aggregator services that provide instant access to new property listings, to commercial real estate apps that make it fast and easy to search commercial properties.
Thanks to low costs and the allure of a high return on investment, more and more investors are including real estate investment apps in their investment strategy.
Here are some of the questions I’ve recently been hearing about real estate investing.
Is real estate a good investment?
Generally speaking, a smart real estate investment can be a great decision. However, if you pick a bad property or time the market wrong, it can also be a terrible decision. When it comes to real estate, sometimes the best investment that you make is the one that you walk away from.
That said, you can also find once-in-a-lifetime buying opportunities when exploring real estate opportunities. It’s all about knowing when to pull the trigger, and understanding your goals before you buy.
Is it easy to flip homes?
Again, it depends on a variety of factors. Flipping homes can be easy, if you secure a great deal, have all of your ducks in a row, and act quickly. However, flipping homes can also be a nightmare due to project delays, inspection issues, and unexpected issues that don’t turn up until after you sign the dotted lines — like pests, nightmare neighbors, and hidden costs
The one thing we can’t stress enough is that you shouldn’t flip homes unless you’re comfortable rolling up your sleeves and getting a little bit dirty. The more work that you do yourself, the more you will save in contractor fees.
Is your house an investment?
Many people tend to make the mistake of thinking that their primary home is an investment. Unfortunately, this is not the case for a few reasons such as high costs, potential depreciation, and a lack of cash flow. Generally speaking, it takes two or more properties to have a legitimate real estate investment.
Are real estate investing apps helpful?
Real estate investment apps will only give you part of the picture when buying properties. You’ll want to pull data from as many sources as possible in order to make informed choices throughout the buying journey. Relying on a single app is never a good idea in real estate.
Which Real Estate Investing Apps Should You Use?
The explosion of real estate apps has made it incredibly easy for just about anyone with a little bit of scratch to start investing in real estate.
And, unfortunately, many people have gotten in over their heads.
For the best results, you need to understand that real estate takes years to master. What’s more, the people who really thrive at real estate investing never stop learning.
The trick to getting ahead in this market is to absorb as much information as you can and to use every tool that you have at your disposal. This is especially true when buying into expensive or risky commercial properties.
If you’re just starting out, it’s worth talking to a trusted real estate advisor who will give a complete rundown of what to expect when owning a home, flipping houses, or investing in commercial property.
Like anything, research your options, take your time, and do your due diligence. Nobody ever built a real estate empire overnight, and you won’t either.
But if you are patient and make smart decisions, you might very well be able to become a successful real estate investor. Good luck!