Mashvisor Tools5 Best Real Estate Investment Tools for 2020 by Daniela Andreevska October 22, 2019October 13, 2019 by Daniela Andreevska October 22, 2019October 13, 2019In 2020, the answer to the question “How to be a real estate investor?” will boil down to “With the help of the best real estate investment tools”. Manual real estate market analysis, rental comps data gathering, and investment property calculations will no longer have a place in the life of property investors. With the spread of AI, predictive analytics, big data, and machine learning algorithms, finding the best property investments will be easy, efficient, and straightforward.In this article, we will focus on the 5 top real estate tools for searching for and analyzing profitable investment properties for sale, while tools for real estate investors related to owning and managing rental properties will not be discussed. Wondering why? You will figure out why if you stay with us to the end.Meanwhile, if you’re interested in reading about more tools relevant to both real estate investors and landlords as well as Airbnb hosts, make sure to click here.1. Educational Real Estate Investment ToolsKnowledge is power – both in the real estate investing business and beyond. In 2020, knowledge-based decisions will be what will put some real estate investors ahead of others. While you don’t require a formal degree to invest in rental properties, you still need to have the proper knowledge and education.Where do you find the best educational real estate tools in 2020?ONLINE, of course. There are plenty of real estate investors websites which offer a plethora of knowledge, tips, and tricks based on the expertise of real estate professionals and the experience of veteran investors. Actually, you can find just about anything you’d like to know about residential real estate investing online: from how to identify the best places to invest in real estate, through how to find real estate deals, to how to analyze investment properties. Remember to check out different real estate blogs, real estate e-books, real estate podcasts, and real estate videos.If you are an absolute beginner real estate investor, make sure to sign up for free updates from Mashvisor’s investor blogs. You will not only learn how to conduct comparative market analysis and how to buy investment properties, but you will also get instant access to the top locations for rental properties in 2020 and beyond.2. Real Estate HeatmapWhile you are probably familiar with the concept of heatmap – a visual representation of big data with the help of different color codes – you might be uncertain of how this applies to real estate investing. Well, the heatmap analysis tool has emerged as one of the must-have real estate investment tools in 2019, and this trend is expected to continue in 2020. The first step in the process of how to buy an investment property is conducting real estate market analysis to identify the most profitable locations, and the neighborhood analysis is an indispensable part of this. Normally, neighborhood analysis in real estate can take days and weeks as you collect all the real estate comps and other data that you need and then move onto the necessary calculations using spreadsheets.Related: What’s the Best Airbnb Analytics Platform for 2019?Finding income properties with a heatmap has revolutionized this process, allowing investors to figure out the best neighborhoods in any US housing market within a couple of minutes. Real estate investors can set up different filters to find the top areas for buying rental property such as:Property listing priceTraditional and Airbnb rental incomeTraditional and Airbnb cash on cash returnAirbnb occupancy rateAs you can see in the image of the Los Angeles real estate market below, the lower values are marked in red, while the higher ones are colored in green.Mashvisor’s Heatmap Analysis: Neighborhoods in the Los Angeles Real Estate Market by Listing PriceThe best real estate investment tools 2020 are all about optimizing the property search process.3. Online Property FindersFinding real estate properties for sale the old-fashioned way – in local newspapers, looking for “For Sale” signs, and through real estate agents – will no longer work in 2020. Why? Because if you decide to continue relying on this approach, other, more tech-savvy investors will snatch all the good real estate deals before you get to them.AI and big data provide real estate investors with a competitive edge which you cannot afford to miss in the 21st century. One way to get access to this technology is through Mashvisor’s Property Finder. This real estate investment software tool helps beginner investors find rental properties for sale which meet all their criteria and expectations for return on investment. All you have to do is to choose:Up to 5 real estate markets where you’d like to investYour budgetOptimal rental strategy (traditional rentals or Airbnb rentals)Preferred property type (single family home, multi family home, condo, or other)Number of bedrooms and bathroomsWhile some of these filters are obligatory, others are optional to help you narrow down your property search as much as possible to obtain the best results. You can see an image of the Los Angeles real estate market 2019 below.Mashvisor’s Property Finder: Single Family Traditional Rental Properties in the Los Angeles Real Estate MarketUsing machine-learning algorithms and predictive analytics, the Property Finder will be able to find the best investment properties for your particular needs, based on your filter selections as well as on patterns observed among hundreds of thousands of other US investors. Within a few seconds, you will have access to MLS listings, foreclosures, and off market properties with the highest cash on cash return and cap rate, which match all your criteria and expectations. Sign Up for Free4. Investment Property CalculatorBeing provided with a bunch of investment properties for sale which respond to your requirements is not a guarantee that you will end up with a positive cash flow investment with high return. You need another one of the best real estate investment tools in 2020 to estimate quickly, efficiently, and accurately how much money you will be able to make in real estate with any of these real estate listings.The most straightforward way to do that is to use the rental property calculator available on Mashvisor’s real estate investing app.One specific type of this calculator is The Hottest Real Estate Investing Tool: The Cap Rate Calculator.You can get an idea of how the analysis of an investment property in the Los Angeles housing market looks like from the image below.Mashvisor’s Investment Property Calculator Analysis: A Los Angeles Rental Property Return on InvestmentThis real estate tool will employ rental comps data from the local housing market to perform investment property analysis to show you the profitability potential of any real estate property in the US – whether an MLS listing, foreclosure, short sale, bank owned home, or off market property available on Mashvisor’s platform or any other property for which you input the required information. The readily available analysis which you get includes:One-time startup costs and recurring monthly expensesTraditional and Airbnb rental incomeTraditional and Airbnb occupancy rateCash flowTraditional and Airbnb cash on cash returnTraditional and Airbnb cap rateOptimal rental strategyRelated: Where Can You Find Airbnb Occupancy Rate Data for Real Estate Investing?5. Property MarketplaceAs if all the real estate investment tools listed above are not enough to facilitate the decisions of any beginner real estate investor in the US housing market, but there is one more real estate tool of which investors can take advantage in 2020. This is the recently launched Mashvisor Property Marketplace. As the name suggests, this is a one-stop-shop for all your needs related to buying a profitable investment property as well as selling your house.With this real estate investment tool, an investor can:Find off market properties below market valueConnect with property owners to buy off market propertiesAnalyze investment properties for saleList properties of saleAll you need to do is to sign up for Mashvisor and get instant access to your own Property Marketplace.Are you still wondering why we didn’t talk about the best real estate investment tools 2020 for managing the rental properties that you already own? The reason is simple: If you are a part-time real estate investor or an out of state one, it is best to leave rental property management to a professional property manager. Learn about the Benefits of Appointing a Property Manager. The most important advantages are two: 1) You will have more time for finding income properties to expand your real estate investment portfolio and 2) You will be able to enjoy your passive real estate investing income.The above-discussed real estate investment tools will help you make the best investing decisions and buy the most profitable rental properties in the US in 2020. The best thing about them is that you don’t have to be tech-savvy to use them as they all provide a user-friendly experience for any beginner real estate investor. To make 2020 a profitable one for your real estate investing career, sign up for Mashvisor now for a 14-day free trial and a 20% discount afterward. Start Your Investment Property Search! START FREE TRIAL HeatmapInvestment CalculatorInvestor ToolsProperty Finder 0FacebookTwitterGoogle +PinterestLinkedin Daniela AndreevskaDaniela is Marketing Director at Mashvisor. She has been writing about real estate investing for a number of years. Previously, she worked in economic policy research and fundraising. Daniela holds a Master degree in Middle East and Mediterranean Studies from King’s College London. Previous Post The Best Low Risk Investments in Real Estate for 2020 Next Post Airbnb Property Management Software: 5 Best Tools for 2020 Related Posts Mashvisor: The Only Real Estate Database You Need The Best Online Property Search Tool for 2020 Using an Investment Property Calculator: The Pros and Cons Finding a Rental Property Using Search Tools and Filters Real Estate Comparative Market Analysis for Rental Properties How to Effectively Analyze Investment Properties for Sale What’s the First Thing You Need in Real Estate Investing?: A Rental Property Calculator! How to Use an Airbnb Property Profit Calculator Buying Airbnb Property in 2019? 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