Real Estate Investar Review (Ep259)

Real Estate Investar Review (Ep259)


Hi guys, in this video I’m going to do an
in-depth review of Real Estate Investar which is the search tool for the Australian and
the New Zealand market. I’m going to show you all the functions and the features of
the tool. We’re going to go inside the tool and see exactly how it works. I’m going to
show you what I find useful, what I think isn’t useful and hopefully I’m going to help
you decide whether you think this tool is going to be useful for you or not. I’m a member
of this tool. I signed up for the two-year membership and so I’m on a contract with them
but I also just want to let you know that I’m an affiliate with them so if you do want
to sign up go through my affiliate link, I’d much appreciate it – www.onproperty.com.au/rei
and the links will be below this video. I’ll try not to let the fact that I’m an affiliate
for Real Estate Investar cloud my judgment and cloud my review of their program. I want
to show you an honest review of their program to really help you decide whether this is
for you or not. So it’s not going to be fluffy as I’m not just going to say, “It’s all awesome,
this is amazing.” I’m going to show you what is actually good and what is actually not
that good. So let’s go and get into it. Here we are at the home page. This is where
you go if you go through my affiliate link www.onproperty.com.au/rei. There’s a two-minute
video that you can watch but I find the videos is pretty fluffy and it doesn’t actually show
you anything about the tool, it just kind of says how awesome that it is and your loss
is going to change if you buy it. It’s a bit fluffy but I’ve already got an account, so
I’m just going to login here. Using this tool is actually pretty simple. Everything you
need is right here on the home page. You can see that there are seven different options.
I’m going to go inside and show you each of these different options. The “Investar Search” is the most powerful
functionality of Real Estate Investar. It’s why I signed up for it and it’s basically
the only thing I use if I’m truthful with you. I love this search tool. It really helps
me find property and narrow down property and we’re going to be spending most of our
time looking at this. “Development Search” helps you find new built
properties. If we go here we can see (there is always search functionality), but basically
all it will bring back is new built property so it’s something that you can buy off the
plan, like a house and land package or a unit in a new complex that’s being built, something
like that. You can see through all the different off the plan sort of properties. The reason
that I don’t like these is that often if you buy one of these properties, Real Estate Investar
is likely to get a commission on this property. It happens all the time with sales people
and things like that and so often these are overpriced for the market. That’s why I’m
not super keen on it. But if you’re keen on buying a new built property then this is your
one stop shop to find new built projects. You’ve got “My Value” up which helps you analyze
and value property. You’ve got “My Research” which helps you research suburbs in areas
and properties. The “Property Analyser” is like a cash flow analysis tool. “Portfolio
Tracker” helps you track your properties once you purchase them. And “Xero” it’s integrated
with zero which is some online accounting platform so if you want to do your accounting
online and all that sort of stuff then that’s going to help you. Let’s have a look at Investar Search which
is the most powerful tool that they have and basically the most important tool that you’re
going to use inside here. Investar Search is really cool, it’s kind of like the Google
of searching for real estate. You don’t just search for real estate in an area you can
actually be more specific and you can look for properties based on keywords strategies.
Keywords strategies are when a real estate agent uses a particular keyword in the listing.
For example if we choose the positive cash flow keyword strategy you can see all of these
keywords: 10% yield, 11% yield, cash flow, double income, dual income, granny flat, high
cash flow, home and income, all this sort of stuff. And if an agent mentions any of
these inside the listing then that property is going to show up. If these aren’t listed
inside the listing then it won’t show up. You can also add your own keywords. You can
add keywords to exclude, so maybe I don’t want properties with the granny flats so I
could choose granny flat. Or maybe I don’t want renovation projects so I could choose
renovate or renovation or something like that so you could choose a positive cash flow strategy
without renovation properties in there. That’s kind of basically your keywords and how it
works. You can search for your property types just type realestate.com.au. You’ve also got a few other options. You can
choose different land sizes, maybe I want minimum property yield of 7% and I only want
a property that has been on the market for a maximum of six weeks or something like that.
So like that you can also look at, so I only want suburbs with a population of at least
10,000 people or I only want average days on the market a maximum of 180, et cetera.
Therefore you can do all that sort of stuff. You then click search and it will then load
and show all of these properties to us. You can see that it’s loaded and you can see a
bunch of different properties, here’s one – $130,000 and the current potential rent
is $200 per week. You can also sort by many different strategies.
You can sort by keyword, relevancy of land size, listing price, postcode, distance from
a certain post code, you can do the suburb rent, you do the potential yield – high to
low, low to high, average days on market. Let’s do potential yield high to low and see
what that brings up. Ideally that would bring up the properties with the highest yield first.
We can see here property in South Hedland which I know is a mining town – $600,000,
currently rented for $1,800 so there’s a massive yield on that property. You can see that basically
they’re all from South Hedland, Slade Point – these are all going to be mining towns.
Moree, is not really a mining town I think. We can see this property for $179,000 current
potential rent $450 per week. If you want to look into a property in more
detail you can click on this “see full property details” and you can go through there and
you can see potential rent $450 to $600 per week. It can be used as one household or easily
converted into three by two bedroom flats. I’m guessing if you converted it, then that’s
what the rent would be. As it is it’s probably not going to rent for that much. You can look
at some suburbs statistics, the listings, house sales listings. You can see that properties
in this $100 to $300 price range seem to be the bulk of the market there. So that’s exactly
where this property lies and so that’s good. And you can see how many people own rents
in the area – 42% percent renting (not too bad at all). We can then do more things. So we can look
at this property on domain.com.au which is where it’s listed. You can see all different
things here, so Google maps, you could look at Wikipedia, you go to the Council website,
etc. We can also analyse property in full so we click “analyse in full” and it brings
up this analyser, so we can see rent of $450, personal ownership of so much. We can then
click and that will generate our cash flow or we can click “get estimate” and that will
bring up this “my valuable tool” which we can then go into more details to find the
property. New South Wales, postcode 2400, Auburn Street, the address number is 312 and
so we can click find address and that should hopefully find it for us. Did you mean 312
Auburn Street, Moree? Yes I did. Thank you very much. You can see here that this is the
property. You can also double checked – six bedroom house, is that correct? Yes. Six beds,
three baths, one parking. So it is 6 bed, 3 bath, 1 parking, that’s right. Put in the
listing price – $179,000 and generate a report. Now we can see a report of this property so
we can see the current market price estimate $160,000. These are not always completely
accurate. It does give you a confidence score here but I have heard people say that it’s
not necessarily completely accurate. Here we go, probable value range, probably more
or you’re looking at something like that or it might be slightly overpriced for the market. You can therefore go through and you can see
the land size of the property. You can find sales history, so we can see that this was
sold for $130,000 in 2007 and we can see when it has been on the market. Going all the way
back we can see that they originally Real Estate tried to sell this in 2012 but then
they took it off the market, they have relisted it in May and it’s now been listed under multiple
real estate agents – LJ Hocker and Moree Real Estate for the last over six months. Because
it’s now as I’m recording this it’s towards the end of December and so we can see that
it’s started at $189,000 or not disclose might mean that it was not sharing or something
like that and then obviously reduced it in November to $179,000. So they could potentially
be willing to budge on this property and that could be used in negotiations so that’s really
helpful there. We can see a market snapshot so we can see
all the details in Moree. You can see comparable properties as well, so you can say well is
this probably similar to the one I bought or is it different? We can see 329 which was
just the road recently sold; 112, and so basically, you get all the property details. The good
thing about Real Estate Investar is you can get unlimited apm property data reports so
you can do this on unlimited amounts of properties which makes it really useful. That is basically the Investar tool and that
is how I use the Investar tool. It’s a great way to quickly find positive cash flow properties
or to search for renovation projects or all of that sort of stuff. Again, I’ll just quickly
show you different keywords strategies. You’ve got capital growth, you can look for discounted
property, properties that offer finance, positive cash flow, renovations, subdivide, strata
title opportunities, unit title, off the plan and development. You can therefore use those
strategies, like if you want something to renovate and it’s going to add value, refurbish,
renovate, etc. and search for those. I really like this tool. I think it’s really
useful. I think if you’re going to sign up for Real Estate Investar you’re going to want
to use this if you sign up. If you’re paying that sort of money you’re going to want to
have this sort of functionality. Let’s look at some of the other features over
Real Estate Investar. We’ve already quickly looked at the “Development Search” which I
don’t really like. “My Valuer” was the tool that we just looked at which allows you to
see the valuation of any property that you want. And again you just fill that out you
can get a valuation of the property. “My Research” is if you’re looking at a particular area
you’ll probably want to use this. Basically, the way that I would use this is I would search
for a particular suburb, maybe Cronulla in New South Wales and then click search. You
can also search for properties. You can search for owners as well. If you know which owner
owns it you can double check that. But let’s just look at the market activity search and
this is going to show us sold properties in the area. Obviously you can change this, you
can put rentals or you can view all the properties. We can see that these are all the sold properties
in the area. And then you can basically just go through and you can start clicking on properties
and you can see what they sell for – $1.9million (very nice), it’s a bit slow but you can see
$1.5million, $1.3million, you can see all these different properties that have sold.
Some units are sold over $1.15, obviously Cronulla is a pretty expensive area. “My Research”
it’s interesting, it’s kind of a mock based version to see what properties have sold for
in the area, so that’s pretty cool. “Property Analyser” allows you to analyse
the cash flow of any particular property. You can enter your details, you can also access
it if we are back in our Moree property here and we can analyse it in full and it’ll then
bring out the property analyser for us so we can know all those details are right. Click
next and it’ll then bring out some reports for us, it’ll show us today you’re one, you’re
three, you’re five, you’re ten. It’ll show you property market value, obviously these
are going to be estimates for the area. We can see that your loan is unchanged. You can
change your loan, the value ratio obviously and basically what it’s going to show you
is equity in the property over the years. It’s also going to show you your gross yield
and your net yield, it can show you your cash flow, so pre-tax cash flow over the years,
so if you want $224.00 per week positive cash flow that this estimate is giving us, you
can see deductions and you can see your cash flow after tax. So that is basically the Property
Analyser. It’s not super awesome, or not really so, I don’t know, I find it quite confusing. I prefer my own tool but then I created it
myself. My tool is On Property Plus which is my premium membership website which you
can get at www.onproperty.com.au/plus. In mine, I guess it’s a bit more manual, you
have to type in $179,000 and then $450 per week and then interest rate and that’s going
to estimate your weekly cash flow. I just find it so much easier to see that. I guess
this tool does do predictions over the years so it’s estimating it’s growth and rental
income growth in the property and stuff like that so it’s good to see. The last thing is your “Portfolio Tracker.”
We can move this property to Portfolio Tracker. We can say yes purchase this property and
you can change everything in there. You can put in your tenant details, click next, you
can now sync with zero or continue without using it. Again as I said before there is
that accounting software if you want to use that. The property has been successfully added
to your portfolio tracker. Okay, so this is now taking us to our portfolio tracker and
basically we can see our property here and you can go through and you can see your equity.
This is giving you a forecast of your equity overtime, your cash flow, and you can track
all your properties and everything there. You can set goals as well. I think this would
only really be valuable if you had multiple properties. I think if you had one, two or
even three properties you would probably manage your properties by yourself and you wouldn’t
need this fancy graph or you could just do it in Excel and get a graph out of Excel.
You wouldn’t need this software. But if you are a serious investor and you got over five
properties that’s going to start getting hard to keep track of and so in that case this
could be simple to use and could be easy. However to me I don’t find it very valuable
at all. There you have the details of Real Estate
Investar and the review of Real Estate Investar. I think the Investar Search being able to
search for properties using the keyword strategies and then the My Valuer tool being able to
evaluate those properties and get those property reports and an unlimited amount of those property
reports is extremely valuable. Those two tools are really for me what makes up the value
of Real Estate Investar. You might find Development Search or My Research or the Analyser or the
Tracker more useful than me. You’ve seen what it does and now it’s up to you whether you
want to get it or not. Let’s have a look at the pricing. There’re
two different options, there’s Portfolio Manager and there’s Portfolio Builder. Most of you
probably are going to want Portfolio Builder which helps you search for property, analyse
property, all about that sort of stuff. Portfolio Manager is for people who own property and
just want help managing the finances behind that property. With Portfolio Builder the
pricing structure is here, its $249 per month with no minimum term; $149 per month on 12
month contract and $99 per month on a two-year contract. I’m currently on a two-year contract
and I pay $99 per month for this program. You also get a free 21-day free trial if you
go through my affiliate link and so that’s pretty cool you can try the program for three
weeks before they start charging you. If you’re going to be using the program ongoing
like I do then I definitely recommend the 24 or the 12 month contract. But if you’re
just going to buy one property and then after you’re not going to be able to buy another
property for a couple years or something like that then I wouldn’t recommend these contracts.
Yes you save money and you know $150 per month is a big difference between a 24-month contract
on a no minimum term but if you’re only going to be using it for two months, you may as
well pay the $500 rather than signing up for $99 a month which is going to cost you two
and a half grand over the lifetime of that contract. So if you’re only going to be using
it for a short term go the one month or the no minimum month and you also get that 21-day
free trial as well so you can use it up for the first three weeks for free. So that’s
the main pricing there. If we go to the Portfolio Manager we can see
that the pricing is cheaper – $49 per month on a two-year contract; $59 on a 12-month
contract and sixty $69 per month on a month by month contract with no minimum term. That
won’t give you access to those search functionality and everything like that but it’ll help you
to analyse and track of your spending. I already have a membership so I can go ahead
and log in but if you were to create your own membership you would be maybe in the Portfolio
Builder. Let’s say you’re going for the 24-month, just click start my free trial and that will
then take you to the page where you can sign up and you can see here you can start your
free trial. You need to go through and then you have to enter your credit card details
because after the 21 days they’ll start charging you.
If you want to sign up then please, I do encourage you to go through my affiliate link. It won’t
cost you anymore but it will help me create more videos like this and it will help the
On Property brand. Go to www.onproperty.com.au/rei and the link will be below this video. Thanks for watching this Real Estate Investor
review. I hope that it’s been helpful to you, hopefully showing you the inside of Real Estate
Investar, what I find valuable and what I don’t find valuable will help you make a decision
as to whether or not this tool is for you. Real Estate Investar Review Ep259 Page 1 of 7

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