There are so many options available for real estate investing apps. Each one promises to be the best analysis tool to assist you in making wise real estate investing decisions. Most apps include a property search function, real estate analysis, estimated home value and rental price, and other essential details.
To access all app features, most of these programs require an upgrade to a paid subscription. For example, DealCheck, one of the best real estate apps on the market, offers a limited free version and an option to upgrade to a plus or pro membership for more features.
Are there free alternatives to DealCheck that provide the same features?
Several free real estate apps provide limited features similar to DealCheck. However, if you want the most comprehensive real estate analysis app with access to unlimited tools and data, you will want to upgrade to a premium membership.
Bigger Pockets
The program Bigger Pockets is the most comparable to DealCheck out of all the free real estate investment app options available. Bigger Pockets is a real estate analyzing tool geared towards helping real estate investors find and compare potential investments.
Bigger Pockets features:
- Member Forums
- Education tools like articles, videos, and podcasts about real estate investing
- An entire network of real estate agents, lenders, contractors, and investment companies
- Tools like calculators for rentals, flips, Airbnbs and BRRRRs
- Search engine for finding listings and foreclosures
Using Bigger Pockets, investors can run the numbers of their property to determine cash flow potential, and they have access to market insights and downloadable data.
The most impressive feature of Bigger Pockets is the extensive educational resources. Bigger Pockets is full of invaluable information if you are just starting in real estate investing and still have questions.
The most significant downside of Bigger Pockets, especially when comparing it to DealCheck, is that the free version leaves a lot to be desired. With the Bigger Pockets Starter membership, you can connect with agents, access forums, run up to five reports, and can only access lease agreements if you pay an additional $99. Without a higher tiered membership, you will not have access to Bigger Pocket’s best features like educational resources and unlimited property analyses.
Although Bigger Pockets is a great app with unique features, users won’t experience the program’s full potential without upgrading to a paid membership.
Rehab Valuator
Rehab Valuator is a free real estate analysis tool that provides investors with the ability to calculate offers, analyze deals, manage projects, and set customized budgets for projects.
Using the deal analyzer tool, investors can quickly figure out what to pay for any deal and come up various exit strategies. Investors can calculate:
- Profit from a rehab and flip
- Profit and rental projections from a rehab and hold
- Smart buying decisions by determining ROI
- If a deal is a smart BRRRR project
The deal analyzing tool also lets investors calculate financing costs and partner profit splits.
The biggest standout feature of Rehab Valuator is the ability to manage multiple projects at once. This is great for an experienced investor who may be juggling several real estate investment projects at one time.
Rehab valuator offers an extensive free version of the program. Without ever paying a penny, investors can access the following features:
- Max Offer Calculator
- Deal Analysis for Wholesalers
- Deal Analysis for Rehab/Flip
- Deal Analysis for Rehab/Rent
- Deal Analysis for BRRRR
- Deal Analysis for New Development
To enjoy all the features that Rehab Valuator has to offer, investors can upgrade to either the Pro or Premium membership that unlock full use of this real estate analyzing program.
Property Fixer by Real Estate Tools
Property Fixer is a program by Real Estate Tools that specializes in creating apps for real estate analysis. Unlike other programs like Zillow or Realtor.com geared towards investors who want to buy and sell real estate, Property Fixer is designed with the house flipper in mind.
For investors who specialize in house flips or BRRRR projects, Property Fixer is a must-have app.
Users benefit from the following features:
- Analyze a properties
- Change the holding period from 0 to 12 months to see how it affects your profit
- Generate PDF reports to send to clients, lenders, or investment partners
- Brand the report with your name and logo
Property fixer provides users with a free Standard membership and has the option to upgrade to a Premium or Pro subscription. The Standard subscription allows you to access these features:
- Evaluate 1 Property
- Add up to 3 expenses on your report
- Edit values, view reports and save changes for a single property
- Ability to change the holding period from 0 to 30 years
- Take a photo and store it with the property
- View a map of the property
- Built-in mortgage calculator with complete payment schedules
- Allows semi-annual compounding for Canadian mortgages
- International currencies and units are fully supported
Property fixer is available for mobile, iPad, and desktop computers. The mobile app allows you to run numbers and view a flip analysis while on-site at a property.
When comparing Property Fixer’s free membership to other free real estate apps, Property Fixer provides many more features. The only drawback, however, is the lack of features that cater to buyers and sellers.
MYND Rental Property Returns and Income Tax Calculator
MYND is a property management company, but they offer a free Rental Property Returns and Income Tax Calculator that anyone can use. Even if you aren’t seeking to hire a property manager, access to this tool is valuable for anyone with a rental property or those looking to invest in a rental property.
Using the calculator, you estimate your returns and cash flow for a particular real estate investment. You can input different information to see how your returns would change with financing and estimate after-tax returns and positive cash flow.
Zillow
A well-known real estate program available to investors is Zillow. Homebuyers, sellers, real estate agents, or real estate investors can sign up for Zillow for free. Zillow is available as an app or desktop site and features great tools for buyers, sellers, and renters.
Users can search home listings for insights about potential real estate investments. Searches will populate information about a property’s value, potential rent, estimated repair costs, estimated closing costs, and comparable homes in the area.
Zillow is especially great for those looking to rent out their homes because it provides tools specifically tailored to rental management like:
- Competitive pricing tools
- Tenant screening
- Lease agreement templates
- Listing assistance and advertising
- Library of resources for landlords
Although Zillow’s main site is free, the rental management site requires a subscription. If you are thinking about purchasing real estate to use as a rental property, Zillow is a great place to start.
Homesnap
Homesnap is a top-rated free real estate app with features and tools for everyday investors and real estate agents. Anyone who is looking to buy or sell a property can benefit from Homesnap’s property search feature. Users can quickly retrieve property details about a potential real estate investment like estimated value and rental analysis.
Homesnap uses real-time data and will even send you alerts when a new property is listed or one of your saved property’s price changes. You can use Homesnap’s in-app messaging service to share your real estate finds with friends and family.
If you are a real estate agent, you can sign up for Homesnap Pro and create an agent profile. This will allow you to connect with clients, generate and manage reviews, and follow leads on new real estate listings.
Homesnap and Homesnap Prop are available on a desktop site and mobile app, which is very accessible.
Realtor.com
Most people who have considered investing in real estate have heard of or used realtor.com. Realtor.com is free and provides tools for buyers, sellers, renters, those looking for financing, and real estate agents.
Realtor.com’s search feature provides users with the following information about property listings:
- Property overview
- Value and rent estimates
- Financial insights
- Property history
- Photos
One standout feature on realtor.com is the News and Insights section. Here, you will find up-to-date articles about the latest news like housing market trends, commercial real estate, celebrity real estate, and unique homes. You will also find articles with market insights and tips for new real estate investors.
Using realtor.com, you can connect with local real estate agents to help you find your perfect investment property or sell or rent the home you already have.
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What About DealCheck’s Free Version?
To get the most out of DealCheck, investors will want to upgrade to a paid membership that unlocks all the advanced features. However, DealCheck‘s free version is one of the better free real estate analysis tools on the market, giving users a lot of access to basic features.
With the DealCheck free version, users can:
- Run searches
- Save up to 15 saved properties
- Have up to 5 property photos
- Access up to 5 sales and rental comps
- Save up to 5 custom property templates
DealCheck is a great free option for analyzing real estate investments without upgrading to a paid membership. If you are new at real estate investing and still learning about the process, starting with DealCheck’s free membership will allow you to get an idea of what you want in a real estate analyzing app.
Final Thoughts
Choosing the best real estate analyzing program boils down to what you are looking for in an app. If you are a homeowner looking to buy or sell a property, free programs like Zillow or Redfin will probably be sufficient for your needs. For those who take on BRRRR projects or flip houses, you will want to look into a program like Property Fixer.
For real estate investors who want an all-inclusive, comprehensive app, you will need to look towards DealCheck or Bigger Pockets. While both of these apps have great tools and features, if you are looking for the most unlimited free app, your best bet is to try out DealCheck.
