The document discusses the advantages of using Income-PIE software over Excel spreadsheets for real estate feasibility analysis. It notes that spreadsheets are prone to errors, time-consuming to build and maintain, difficult to standardize across projects, and cannot easily handle multi-phase or complex financing structures. In contrast, Income-PIE automates cash flow projections, standardizes outputs, allows easy comparison of scenarios, incorporates debt and equity schedules, and facilitates partnership deals - enabling users to complete analyses more accurately and confidently in less time. A customer quote endorses Income-PIE as the most practical cash flow application for development analysis and negotiations.

1. Real Pro-Jections Inc. | Tract-PIE.com1
Why Income-PIE?

2. Real Pro-Jections Inc. | Tract-PIE.com2
SPREADSHEET LIMITATIONS
Why Income-PIE versus an Excel Spreadsheet?
Spreadsheets are prone to errors and time consuming. Up to
80% of the time spent in spreadsheets is “programming”
formulas and checking that the numbers are right.

3. Real Pro-Jections Inc. | Tract-PIE.com3
INCOME-PIE ADVANTAGES
Income-PIE was designed for the real estate feasibility analysis pro. Our
users tell us they can accomplish confidently in a few hours what used to
take days and weeks with a spreadsheets and they still weren’t sure the
reports were accurate.

4. Real Pro-Jections Inc. | Tract-PIE.com4
Why Income-PIE versus an Excel Spreadsheet?
There is no standard spreadsheet format for pro formas. Comparing
projects of different types and sizes is extremely difficult.
SPREADSHEET LIMITATIONS

5. Real Pro-Jections Inc. | Tract-PIE.com5
INCOME-PIE ADVANTAGES
Income-PIE presents projects in a consistent cashflow format.
Results are consistently calculated to allow proper
benchmarking of results to compare projects and scenarios.

6. Real Pro-Jections Inc. | Tract-PIE.com6
SPREADSHEET LIMITATIONS
Spreadsheets
are only 2
dimensional.
If the construction
duration of the
project needs to
be changed from
7 to 8 months
every row must be
redistributed.
Time must be
represented in
months across
the spreadsheet
in columns with
Revenues and
Costs listed in
rows.

7. Real Pro-Jections Inc. | Tract-PIE.com7
INCOME-PIE ADVANTAGES
Income-PIE
automatically
prepares timed
cash flows
based upon
automatic and
user- controlled
project timing.

8. Real Pro-Jections Inc. | Tract-PIE.com8
What our customers say
“Income-PIE is the most practical cash-flow application I’ve encountered in the
income property development business in the past 15 years. The support has
been completely satisfactory.
The value of the software for me, is that not only am I able to prepare an
accurate cash-flow, but it also enables me to take the analysis and negotiate the
equity side of the transaction and it helps me originate the debt. Income-PIE
platform makes the data platform – data input platform – easy to understand.
The ability to make different assumptions or do a sensitivity analysis very helpful
to me.”
-Andrew Biggs of Proterra Properties

9. Real Pro-Jections Inc. | Tract-PIE.com9
01Multi-phase
projects are
not easy to
handle.
02Multiple tabs in a
workbook are added
up on a “Project
Summary” tab.
These models are
difficult to follow
and prone to errors.
SPREADSHEET LIMITATIONS

10. Real Pro-Jections Inc. | Tract-PIE.com10
01Monthly columns
can be easily rolled
up into any
combination or
months, quarters
and years.
02Income-PIE allows
for multiple phases
to be combined in
any number of
phase groupings.
INCOME-PIE ADVANTAGES

11. Real Pro-Jections Inc. | Tract-PIE.com11
Equity and loan
draw schedules are
often not possible
without hours of
modeling.
02
Profit sharing is
estimated as timed
cash flows are too
difficult to model.
03
Debt and equity
deal structuring is
very difficult to
model.
01
Complex deals result
in partners arguing
over whose model is
“more right”.
04
SPREADSHEET LIMITATIONS

12. Real Pro-Jections Inc. | Tract-PIE.com12
Income-PIE has a
very powerful Debt
& Equity Module.
01
Partner contributions and
profit distributions along
with loans with different
repayment priorities can
be easily set up.
02
Income-PIE‘s deal
structuring component
allows for waterfall profit
distribution analysis with
detailed cash flows per
partner and loan.
03
INCOME-PIE ADVANTAGES

13. Real Pro-Jections Inc. | Tract-PIE.com13
Rest
Your
Brain
Tract-PIE.com
(800) 774-5077
Take
Income-PIE
for a Free
Demo Today!

14. Real Pro-Jections Inc. | Tract-PIE.com14
Tract-PIE.com