This is a guest post by Ionic community member, Anton Ivanov. Anton is the founder & CEO of DealCheck property analysis software, and the original developer of the DealCheck mobile app – an Ionic app available in the Apple App Store and Google Play Store.
Although I started my professional career as a front-end developer, I’ve been an active real estate investor for most of my adult life. I buy rental properties that need some work, fix them up and rent them out to tenants.
As part of every rental property purchase, I need to run a financial analysis of sorts, to help me figure out how much money I’ll need to close on the property, how much money I’ll be making each month and what my overall returns on invested capital will be.
For the longest time, I used custom-made Excel spreadsheets to perform this analysis, as did most other investors I knew. I always thought it was tedious, slow and not very user friendly, so there had to be a better way.