ProAPOD has updated Basic 6.0 and CFA 7.0 real estate investment software in response to a suggestion made by a new user recently about the “Cost of Acquisition” portion of the Loan Information Form (“LoanInfo” form). Seemingly there was some confusion on her part about how to complete it, so I modified it.
The Current Versions
ProAPOD designed it’s real estate software to include a computation for cost of sale so it can accurately calculate a key rate of return formula. Moreover, it allows you the option of selecting whether you want ProAPOD to compute it as a percent of sale price, or as a dollar amount. In the percent of sale price price field you’re given a drop-down menu and can select any percentage from 0.05 to 2.00%; in the dollar amount you need only to specify an amount. Should both entries be made inadvertantly, you get an alert message telling you that you can’t do that, the dollar amount you entered is deleted, and you’re asked to try again.
The Updated Versions
- The percent of sale price drop-down menu now includes the option to select a blank amount.
- When the alert message appears, it will delete both, the percent of sale price and dollar amount fields.
- Some labels on the form have been rewritten to include slightly more detailed instructions.
You can retrieve this free update from your Customer Solutions Homepage.