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Foreclosure Genie app for iPhone and iPad


4.6 ( 7506 ratings )
Business Finance
Developer: Openview Publishing
1.99 USD
Current version: 1.0, last update: 7 years ago
First release : 11 Mar 2011
App size: 583.5 Kb

You are an investor , you want foreclosed properties. You need this app. It contains everything you need to determine what to pay, how much you with make and how long it will take you to get your money back. It also contain a great function for negotiating with bank. You will not believe how easy this app is to use and you will thank yourself buying it now. So step up and buy now and let it help with you investments.


The purpose of the Foreclosure Genie is to help you buy and sell rental property. While it is extremely useful for foreclosed properties it can be used to help you with any real estate transaction that involves rental property. It is powerful and yet it is simple to use.
You can select up and store up to 30 properties.
If you plan to sell the property someday , you can enter the expected appreciation rate of value , years to hold the property and your expected selling costs.
On the Appreciation screen you can see your property value will appreciate using the data you entered for the appreciation rate and years to hold before selling. You can change the data , then press the Compute button to use another rate and years to hold value. Your inputs and results will be stored in the data base for this property once you have pressed the Compute button.
On the cash flow display you can see the detailed rental cash flows before and after tax and will see how the debt service impacts your rental cash flows.
On the Performance display you will see profitability measures for your investment and how many years it will take to recover your investment which is your payback. Your payback is computed assuming you are keeping the property and is simple the amount down plus your initial repair costs divided by your after tax cash flow.
In addition, the app provides output to show you the gain from selling your property and the overall rate of return from owning and selling the property.
Most likely you will be negotiation with someone in the purchase of the property. It may be a bank or an individual. For this we have provided you with a Negotiator. With this you can study the impact of how much you pay for the property and how much down payment you make. It provides the payback, the cap rate and the after tax cash flow for each turn of the wheel. It is your own personal Negotiator.
We also have provided you with a Planner. It allows you to quickly study various scenarios of rental income, expected appreciation rates and the number of years you intend to hold the property on the overall return on investment. Just twirl the wheel and the answers appear , it is easy as that.
Finally a report function that allows you to generate a PDF report for the current property and then email is provided. You can also review and edit the report before emailing it.
And the app also comes with a full blown financial calculator and amortization function.