I’ve designed this page to help give support to all ReiFax Subscribers so that you can make the best use of this very powerful tool. Here are all the support tools I’ve put together for you:
ReiFax Support Tools:
1) We conduct a Webinar training every Friday at 10:00 AM EST. If you are not already receiving the webinar reminder emails, then please Subscribe Now
1.) What makes ReiFax different from other property search programs? ReiFax is the only tool that allows you to search for residential properties by equity.
2.) How does ReiFax determine Equity or D. Equity? ReiFax determines equity by looking at the market value of the property (market value is determined by calculating the median price of the properties within + or -10% square feet, .5 miles, that have sold in the last 12 months) and comparing market value to the total debt that is recorded for the property on Public Records.
The formula is:
Debt Equity = 100% * (Market Value – Total Debt)/Market Value
3.) What is P. Equity? What we are trying to determine here is if there is equity based on what the asking price for the home is vs what has sold recently.
The formula is:
Potential Equity = 100% * (Market Value – Listing Price)/Market Value
4.) What is A. Equity? What we are trying to determine here is if there is any equity in the property based what the active comps are selling for compared to what the listing price is.
The formula is:
Active Equity = 100% * (Active Value – Listing Price) / Active Value
5.) How often does ReiFax update the data? The data is updated on a weekly basis.
Why does ReiFax update on a weekly basis? Because the computers that calculate equity need time to process all of the information that comes in on a weekly basis from all three databases that ReiFax uses to determine equity (Clerk of the Court, Public Records, and IDX-for the MLS information).
6.) How much does it cost to purchase one county? $60 a month (After Special Discount)
7.) If I purchase more than one county can I get a discount? Yes you can, it is only $99 a month to purchase all the available counties in Florida.
8.) How do I register to start using ReiFax? Go to www.map2equity.com and click on the Register Now! Button
9.) How quickly after I register can online can I start using ReiFax? Immediately after you enter your informationonline, fill in your credit card information, and complete the registration process you will be given access to start using ReiFax.
10.) What if I want to learn more about ReiFax how do I do that? You can simply clicking on the training link at the bottom of the www.reifax.com (see the screen shot below) page or by clicking here.
Also, you can learn more about ReiFax by attending one of our weekly webinar trainings that are on Friday mornings at 10:00 A.M. Register now at http://www.map2equity.com/training.
11.) How do I get a hold of customer support? By either clicking on the contact us button at the bottom of the Home page or by clicking on the Live Support Button at the top of the home page (See below)
12.) How do I search for pre-foreclosure properties that have equity?
After you log in click on the public records tab in the upper left hand corner
Select the county or the zip code that you want to do the search in. (Keep in mind that you can do a search by map-to search by map all you have to do is click on the small green state of Florida icon in the upper right hand corner of your screen before you do any of the steps below)
Click on the green state of Florida icon in order to see the properties on the map.
13.) Can I refer other people to ReiFax and Profit from it? Yes, ReiFax has designed an Affiliate Marketing Program that allows it’s users to profit from referring other people to us the system. ReiFax pays out 20% of the monthly subscription to the referring user.