Thirty years of development time, and of listening carefully to what to our customers want. All this comes together now in the latest version of our most popular and powerful software app for real estate investors: Real Estate Investment Analysis, Version 16
What’s New in Version 16?
- The Decision Maker
The centerpiece of v16 is a new module called “The Decision Maker.” Here is how it works: Enter data about the property — revenue, expenses, financing, etc. — as you normally would. Then go to the new module. The top half of the page will display 12-18 of your key assumptions, like those shown here:snippet 1 from Decision Maker
You can now toggle any or all of your assumptions up or down with the arrows, while watching the effect of each change as it displays instantly on the bottom half of the page.
There you’ll see more than a dozen key metrics, such as cash flow and IRR. These will update in response to your clicking the arrows to raise or lower any of the basic assumptions; the data will display going out 20 years.snippet 2 from Decision Maker
For example, toggle the purchase price or the cap rate up and down, and watch the effect on your IRR. Toggle the mortgage interest rate, watch the impact on your cash flow. What better way to decide how — or if — you can make this deal work. Hence the name: Decision Maker
- Detailed Capital Improvements
Many users have asked to be able to provide a detailed break-out of anticipated expenditures for capital improvements. Here it is. You can now choose to fill out a complete year-by-year schedule of improvements, or simply enter an annual total.
- Detailed Closing Costs
Likewise, the ability to itemize acquisition closing costs has been another common request. You now have two options: itemize or enter a single amount.
- Improved Reports
We really do pay attention when users call and say things like, “Why doesn’t the partnership presentation show cash-on-cash return?” We keep track of those requests, and you’ll find several now implemented in v16.
- Import Data from Your Version 15 Analyses
Here’s a big one: If you’re upgrading from v15 to v16 you can run a special function that will read all of the user entries from an analysis you did in v15 and transfer that information into the new version. That’s no small trick, but our super-smart programmers did it.
Upgrade from Version 15
- If you’re currently a registered user of v15, keep your eye out for an email from us with an offer to upgrade at a nominal cost.
5 thoughts on “New for 2012: Real Estate Investment Analysis, Version 16”
I have searched and tested many ways that didn’t work out for me but this post help me to find out best one for me. Thanks
Why can’t you have a Sensitivity Analysis tab with multiple tables showing the possible “What If’s” using a deviation metric (i.e. -2% -1%,0, 1%, 2%) so that the effects and outputs are shown in one page rather than having to change and witness each possible outcome with no ability to compare side-by-side scenarios?
Michael, Excellent question and one that we address in our REIA Pro software. Our Sensitivity Analysis worksheet allows the user to input the deviation percentage and then displays a table of values above and below the values of the analysis. We also offer a dashboard worksheet called “Decision Maker” which allows one to adjust various individual input values up and down and you can see real-time changes to all measures of return. We feel, and our customers agree, that the Decision Maker approach is more useful than our original sensitivity worksheet. Get in touch with us if you would like to see screen captures or a GoToMeeting presentation.