ProAPOD’s real estate investor software solution Investor 4 has been updated. If you are currently using ProAPOD Investor 4 simply login to your account and grab the update.
Here is a summary of the changes that have been made to this software solution that now make it easier than ever for you novice investors to know whether an investment property will be profitable before you invest their money in a property.
1. More real-time calculations – Both the forms and “Learning Center” have been revised to show more real-time calculations. This gives you even more information about the property’s financial results as you fill-in the forms; so now you can track the property numbers in real-time from form-to-form even better than before.
2. More cash-flow projection flexibility – This update will now enable you to “step” the property’s rental income, other income, and operating expenses by the year you select. The previous version automatically computed any percentage growth you entered starting in the second year only. The property resale method has also been modified to include both an annual inflation rate and specified price (by the year you select). The previous version computed an annual inflation rate starting in the second year only.
3. Improved Assumptions report – The Assumptions report is an important part of a real estate analysis because it presents details about the property’s proposed income, operating expenses, financing, and capital improvements in an easy-to-read format. This report has been improved to show more data and detail surrounding all four such as second and third loans, itemized other income, and expenditures for first-year upgrades.
4. Modified replacement reserves – Reserves for replacement represent money set aside for an estimated future capital improvement. Rather than deduct it from operating expenses (which in turn would lower net operating income and thereby affect capitalization rate) we felt it better to deduct it from net operating income. The overall affect of this modification is slight but we felt it would compute a truer reflection of the property’s profitability and rates of return.
To obtain this update, simply login to your customer account from ProAPOD and clicking the button under “UPDATES” than following the online instructions.
If your purchase of this solution was made more than twelve months ago you might be required to renew your membership. In this case, simply click Renew Membership, pay the $79.95, and than log back in to grab the update. Bear in mind, that your membership subscription not only entitles you to download this update, it also entitles you to free updates for one additional year.