Streamline Real Estate Deals with IntellCRE's AI-powered Underwriting Software!

Streamline Real Estate Deals with IntellCRE's AI-powered Underwriting Software!

Table of Contents

1. Introduction
2. How to Access the Intel CRE Platform
3. Creating and Underwriting a New Property
4. Inputting Property Income Data
5. Operating Expenses and Expense Estimation
6. Modeling Renovation and Capex Projects
7. Analysis Overview and Return Metrics
8. Modeling Financing Scenarios
9. Acquisition and Sales Strategies
10. Sales and Rent Comparable Feature
11. Generating Underwriting Reports
12. Managing Your Deal Pipeline
13. The Deal Box Feature
14. The Deal Finder Feature
15. Conclusion

Introduction

Welcome to this quick online demonstration of Intel CRE, the first AI-powered platform that combines over 20 powerful features to help you accurately underwrite real estate deals in just a few seconds. In this article, we will walk you through the various features and functionalities of Intel CRE, allowing you to make informed decisions and streamline your real estate business.

How to Access the Intel CRE Platform

To access the Intel CRE platform, simply visit the Intel CRE website from any device with internet access. The platform is web-based, so there is no need to download or install any software. Whether you're on a computer, tablet, or smartphone, you can log in to the platform and start using it immediately.

Creating and Underwriting a New Property

To create and underwrite a new property, navigate to the "New Analysis" tab on the Intel CRE platform. Start by typing the property address and choose from the list of suggested addresses. You can choose to import complete or partial data that are automatically pulled or start with an empty form. Intel CRE automatically populates property characteristics, property details, property and area photos, walkability information, and more using AI technology. This information is then used to suggest Relevant sales comps and display the Intel CRE estimate, which shows you the optimal price range for the property.

Inputting Property Income Data

The essential data that needs to be provided is the income of the property. Intel CRE offers multiple ways to input this data. You can manually input the data, copy and paste from spreadsheets or PDFs, or upload an existing document such as an AppFolio or Yardi rent Roll export. By uploading documents, Intel CRE extracts all relevant data such as unit mix, square footage, current rents, and automatically generates market rent and upside potential for each unit. Vacancies, growth rates, and other parameters are suggested by the AI but can also be customized based on your preferences.

Operating Expenses and Expense Estimation

Operating expenses play a crucial role in underwriting a real estate deal. Intel CRE offers four ways to input expenses. You can upload a T12 or a profit and loss statement directly into the platform to have the data extracted by Intel CRE. If you do not have such a file or do not know the expenses, you can choose to type in operating expenses, and the system will automatically estimate the expenses based on property characteristics, location, size, nearby property averages, and more. Additionally, expenses and annual tax growth rates are suggested and can be customized.

Modeling Renovation and Capex Projects

Intel CRE allows you to model multiple renovation and capital expenditure (capex) projects with ease. By using the desired budgeting project period and effects on vacancy, you can simulate the impact of these projects on your property's performance. This feature helps you evaluate potential improvements and their financial viability.

Analysis Overview and Return Metrics

The analysis overview panel on the Intel CRE platform provides a quick snapshot of the most important numbers and return metrics. It allows you to perform a quick sniff test to determine whether the deal pencils out. This overview includes crucial financial indicators, such as cash flow, return on investment, and internal rate of return.

Modeling Financing Scenarios

The financing and loan section of Intel CRE allows you to model multiple financing scenarios, including refinancing. The platform suggests auto-fill values and provides the option to fix the debt coverage ratio (DCR) to optimize your loan-to-value (LTV) calculation. This feature helps you evaluate different financing options and assess their impact on your overall deal structure.

Acquisition and Sales Strategies

Intel CRE's acquisition and sales section enables you to choose a specific strategy for your real estate deal. Whether you're considering a fix and flip approach, a long hold strategy, or implementing an equity waterfall structure, this feature allows you to customize your underwriting process according to your investment goals.

Sales and Rent Comparable Feature

With the professional subscription of Intel CRE, you gain access to the sales and rent comparable feature. This feature enables you to search, create, or import your own library of comparable properties. By cherry-picking sales comps and adjusting the market rent for each unit using rent comps, you can further refine your underwriting process and ensure accurate price valuations.

Generating Underwriting Reports

Once you have inputted all the necessary data and completed the underwriting process, clicking the "Generate Analysis" button generates a comprehensive underwriting report in an Instant. This report includes a clean rent roll, customizable graphs, operating statement breakdown, detailed cash flow analysis, financial projections, and summary of acquisition, sale, financing, and revenue metrics. You can also download the Excel model of the underwriting report for further analysis or collaboration.

Managing Your Deal Pipeline

The Intel CRE platform allows you to manage your entire deal pipeline efficiently. In the properties tab, you can view, track, compare, and collaborate on multiple deals with your team or clients. You can invite users into the platform, assign viewing or editing privileges, and streamline your collaborative workflow.

The Deal Box Feature

The Deal Box feature in Intel CRE enables you to passively source new deals without the hassle of endless cold calling. It provides valuable property and contact information, automatically analyzes the sourced deals, and notifies you of new opportunities. This feature comes with a customizable widget that can be easily embedded on your website, allowing you to capture leads effortlessly.

The Deal Finder Feature

The upcoming Deal Finder feature in Intel CRE will revolutionize how you search for new deals in your market. This feature allows you to set preset criteria and get notifications about new deals that match your preferences. By utilizing the Deal Finder, you can stay ahead of the competition and seize opportunities as they arise.

Conclusion

In conclusion, Intel CRE is a robust AI-powered platform that simplifies the real estate underwriting process. With its user-friendly interface, intuitive features, and accurate data analysis, Intel CRE empowers real estate professionals to make informed decisions, streamline workflows, and maximize returns. Sign up for a free trial at intelcre.com or book a call with one of our product specialists to learn how you can supercharge your real estate business.

Highlights

• Intel CRE is the first AI-powered platform that combines over 20 powerful features for real estate underwriting.
• It offers an intuitive and web-based interface, eliminating the need for software downloads or installations.
• The platform automates property Data Extraction, analysis, and generates comprehensive underwriting reports.
• Users can input property income data, estimate operating expenses, and model renovation projects.
• Intel CRE provides analysis overviews, return metrics, and enables modeling of various financing and sales strategies.
• The professional subscription includes sales and rent comparable features, enhancing price valuation accuracy.
• The Deal Box feature allows passive sourcing of new deals, while the upcoming Deal Finder feature streamlines deal searching.

FAQ

Q: Is Intel CRE compatible with mobile devices? A: Yes, Intel CRE is web-based and can be accessed from any device with an internet connection, including smartphones and tablets.

Q: Can I customize underwriting reports generated by Intel CRE? A: Yes, the underwriting reports generated by Intel CRE are fully customizable. You can add your branding, contact information, and tailor the content according to your requirements.

Q: Can I collaborate with my team or clients on the Intel CRE platform? A: Absolutely! Intel CRE allows you to invite users into the platform and assign viewing or editing privileges. This enables seamless collaboration and streamlines your deal management processes.

Q: Does Intel CRE offer support for sourcing new deals? A: Yes, Intel CRE provides the Deal Box feature, which allows you to passively source new deals without cold calling. The upcoming Deal Finder feature will further enhance deal sourcing capabilities.

Q: How accurate are the data estimations provided by Intel CRE? A: Intel CRE leverages AI algorithms and considers property characteristics, location, and industry averages to estimate data such as operating expenses and market rent. While the estimations are based on comprehensive data analysis, they can be customized based on your preferences and local market knowledge.

Q: Can I download my underwriting reports in Excel format? A: Yes, Intel CRE enables you to download the underwriting reports in an Excel format. This allows for further analysis, customization, and integration with other tools or software.

Q: What pricing plans does Intel CRE offer? A: To know about Intel CRE's pricing plans and subscription options, it is recommended to visit their website or contact their product specialists for detailed information.

Q: Can Intel CRE be integrated with other software or platforms? A: Intel CRE's integration capabilities may vary. It is advisable to reach out to their product specialists to inquire about specific integrations with software or platforms you are interested in using in conjunction with Intel CRE.