Realeflow allows you to keep track of complex transactions such as short sales and rehab projects. Includes HUD-1 spreadsheets and the ability to create multiple logins for your team members such as business partners and real estate agents. You get up to 16 premium lead generation websites (you pay for domains) and if you opt for the upgraded package, you also get private lender leads, cash buyer leads, tenant leads, lien leads prosecutors, entered in your database. Realeflow has some unique features, such as voice transmission, a built-in local fax number for sending and receiving faxes, and its mobile marketing platform, Moby (for SMS marketing transmissions). One of the cool features of Realeflow is its Property Launch Website Template, which gives you the ability to “launch” a property and sell it quickly using the same innovative marketing techniques and psychological triggers started by Jeff Walker in his “product launch formula”. .
Freedomsoft has only 3 lead generation websites included: Buyer, Seller, and Private Money Lender templates. Within the platform, you have access to all the forms and contracts you need for your wholesale offers. You also have the option of uploading state contracts, which is useful when bidding on MLS-listed properties or bank-owned deals. Freedomsoft, however, does include some notable features that Realeflow does not include. The platform also has one-click marketing, MLS prospects, additional video training in the resources tab (videos and scripts for trading and downloadable audiobooks: REO Rockstar and Probate Profits). Two of the key features I like the most about Freedomsoft are the bid calculator and the ability to automatically complete contracts from within the software. This “bargain robot” technology, in my opinion, is what gives Freedomsoft the edge. Save a lot of time by completing most of the offer for you. Now if you are making dozens of offers each week (which you should be doing), all you need to do is enter the Earnest Money amount, The Offer Amount, and the closing date, and freedomsoft takes care of the rest. It even has a handwriting font to complete the signature for you. I hope Realeflow takes note of this feature and incorporates it in their next software update.
Now it must be said that Realeflow has many features that give it a competitive advantage for short sale investors and rehabilitators. As I mentioned before, the platform helps you complete the HUD-1 and allows you to set deadlines and reminders for various tasks that need to be completed during the short sale negotiation process. Realeflow keeps you organized and reminds you to collect the appropriate documents that the seller needs. If you are rehabbing properties or need to calculate repairs for your end buyer, you have an Excel sheet that helps you calculate the net profit. The built-in Hammerpoint feature allows you to estimate repairs based on the square footage of your property. The software then produces a printable “contractor estimate” based on the data you enter into Hammerpoint. Very useful when presenting a package of offers to your investor-buyers.
In the near future, I will write a more in-depth review of both platforms. In the meantime, I recommend checking out both platforms and seeing which one works best for you. Both offer excellent value and are essential tools to keep investors organized and productive.
So which is better, Freedomsoft or Realeflow?
I think the answer comes down to your real estate investment niche.
If you are working in the short sale niche or buying a property to fix and sell, Realeflow is the best option. It can certainly be used for wholesaling, but I think the features of the software are more suitable for the rehab or short sale investor.
If your niche is wholesaling, Freedomsoft is without a doubt the best option. Not only does it have dozens of features that streamline your workflow, the creator of the platform created the software specifically with your wholesaling business in mind.