reicheck.com - Any real estate investors around that can offer feedback?
I've been building tools around real estate investing for many years now. I started with propertyments.com that is quietly thriving. It lead me to understand how landlords first start shopping around their next investment property. There are a lot of tools like Bigger Pockets, real estate investment calculators, rental comparison sites such as rentometer. But I thought I'd try to make it even easier by entering only a US-based address and getting all the property information from the state, combined with rental comps in the area, and providing detailed analysis of the property in question.
What I don't know is if it's useful. And, if not, what am I missing that would make it more useful for an early stage real-estate investor? It's a little rough around the edges right now, but I wanted to get an MVP together before I continued.
check it out here: reicheck.com
Hi Michael,
I invest in real estate. I buy raw land and build shopping center. I use county's appraisal district's data and esri to find owner(s), upraise value, ag exempt, flooding etc.
It's cool you show all these information and the calculations. It makes it very easy. But is it limited to residentials properties?
I searched one of my retail center, the property value and rents were below market price. The value it shows is half of bank's appraised value. It shows estimated rent of $1,222.60 but it's actually $32,000.00 (for total lease space).
In addition to the information you have shared. I also look at demographic information like household income, age group (%), education level, etc.
Let me know if you have any specific questions I can help you with.
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@indiepanda yes, there is no zoning here so, it's not much of a concern. Unless there is a deed restricted, which we know from title company; we don't have to worry about building permit.
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FYI
https://www.houstonchronicle.com/business/economy/article/Houston-gentrifying-faster-than-other-Texas-14957465.php
This comment was deleted 7 years ago
Your understanding of your market is flawed. A full 67% are not web surfers. About 5 million own one property, and six million own up to 10. The professional investors are 5% of the market, and yes those folks use the internet daily. They invest big money yet are not where a SaaS can make repetitive money.
Where do you think a SaaS in the real estate space can make repetitive money? I own some real estate investment properties and looking to create a SaaS around it to help myself and provide others with the same help.
#proptech is a big market. There are 1000's of SaaS opportunities.
https://medium.com/@vincentlecamus/proptech-what-is-it-and-how-to-address-the-new-wave-of-real-estate-startups-ae9bb52fb128
Thank you for the article!
It said address not found, but continued to results anyways, and it seemed to have appropriate results?
Sounds like I have a little bug. I'll track that down now, thanks!