ProAPOD® real estate investment software updated its platinum-grade ProAPOD® 10.0 real estate investment software solution and is available free to active members using version 10.0.

Software Modifications

1. The Marketing Package now computes up to three loans. The original version computed one loan (the primary first loan) only. This change means that cash flow and rates of return the Marketing Package will be consistent with those in the APOD.
2. The APOD now itemizes the initial investment amount. The APOD in the original version showed a lump sum for the initial investment amount.

To obtain your copy of this real estate investment software update, simply login to your account from our website at http://www.proapod.com and click Customer Login. Use your email address and password to login and then simply download the update.The update id FREE to all users of ProAPOD® 10.0 with active memberships.

Although we have gone through great lengths to ensure the integrity of this real estate investment software update, in the event that we missed something, please report it immediately.

ProAPOD® Investor 4.0–our real estate investing software solution for new real estate investors–has been updated. The modifications to this real estate investor software solution include the following:

1. Loan-to-Interest Table -This table allows users to quickly determine the monthly mortgage payment on a range of loans and interest rates.
2. Retail, Office, Warehouse labels - This will allow users to identify the rental income from these types of unit configurations in addition to the other configurations originally included in the previous real estate investing software solution.
3. Assumptions Report - Reformatted with better descriptions
4. 3-Year Monthly Cash Flow - Reformatted
5. Sensitivity Form - The form has been relocated from LoanInfo to its own form

How to Obtain

1. From our website at http://www.proapod.com click Customer Login
2. Login with your email and password
3. From your Customer Account page click the download link under Updates

Requirements

1. ProAPOD® Investor 4.0 must currently reside on the computer
2. Your membership must be active. If your membership has expired simply click Renew Membership and follow the online instructions. The renewal cost is just $39.95 and entitles you to receive one more year of free updates and tech support.

In desperate times, REO lenders often turn to mass marketing and highly advertised public auctions to unload their REOs, though no lender likes to publicize the fact that it’s throwing down-on-their-luck families out of their homes.

Given the times we’re now in, you might be considering the purchase of an REO (Real Estate Owned) property and are not sure how to find them. You can find REOs in two ways:

1. Follow up after foreclosure sales
2. Locate a Realtor who typically gets REO listings

Follow Up on Foreclosure Sales

If you attend foreclosure auctions, make note of the lenders who cast a top bid for a property in which you’re interested. Afterward, contact the lender and express your interest in purchasing the REO property. Even if that particular property doesn’t work out, you at least open the door of communication with the lender and might be able to work out a deal on another REO.

Locate Specialty Realtors

Many mortgage lenders often do not sell directly to REO investors because, as mentioned, they don’t like the unfavorable publicity, and they want to promote good relations with real estate professionals.

As one part of your efforts to find REOs, cultivate relationships with a Realtor who specialize in this market. In most cities, you can easily find REO specialists by looking through newspaper classified real estate ads. Once you identify several advertised foreclosure specialists, give each one a call and learn their backgrounds. For example, discover whether he or she only dabbles in the field of REOs and foreclosures, or do make this field their full-time business. The more skilled and experienced the real estate agent is with REO properties and foreclosures in general, the better.

Real estate investors must remain proactive in this real estate market. There are good deals to be made, and interest rates are favorable. Be cautious; just don’t be lazy. Get out and beat the bushes so you can make a couple of good real estate investments while you can.