New Online Tool For Real Estate Investors

Just ran across a company called eRealInvestor that offers an online real estate investment analysis tool called "eRealAnalyzer." The company has already made headlines over at Inman News as well as the Wall Street Journal. In fact, the Wall Street Journal has integrated the eRealAnalyzer tool into its web site.

The analysis feature loads quickly and is easy to use. You enter basic information about the property and then choose "Agressive", "Moderate" and "Conservative" depending on your investment style. It will then provide you with an analysis of pre-tax monthly cash flow, equity, IRR, etc.

You can register and use the basic tool for free, but it’s either $9.95 per month or $59.95 per year for the full version of eRealAnalyzer. The full version allows you to enter and analyxe your own properties, view and print spreadsheets and save your work on MS Excel.

According to their site, eRealInvestor was created by real estate investors for real estate investors (it’s that whole "for the people, by the people" angle). They also claim to be primarily funded by a Harvard Business School professor, a Stubhub co-founder, an early Google employee, and several residential and commercial real estate investors.

Overall…easy to use, works well and a good tool for real estate investors.