"The new platform allows users to analyze properties, review comparable home sales and estimate after-repair values by entering a U.S. property address. The platform provides nearby comparable sales data, including property addresses, distance, bedroom and bathroom counts, and sale prices. It also includes a calculator based on the industry-standard 70% rule, which investors commonly use to estimate whether a property may be profitable after renovation costs, Coffey said."
"Additional features include a directory called Find My Team, which connects users with investor-focused service providers, including real estate agents, contractors, mortgage lenders, title companies, attorneys and accountants by ZIP code. The platform also stores users' property searches and includes an artificial intelligence assistant trained on Coffey's investing methods to answer questions about financing, rehabilitation costs and deal structure."
"Additional tools include a renovation cost estimator that adjusts pricing based on local markets and mobile applications for iOS and Android devices. The company also offers directory listings for contractors, real estate agents, title companies and other vendors for a monthly fee. Coffey said the platform was created to address what she describes as an information gap for new investors entering the real estate market."
"I know what it feels like to need information you can't get and to watch deals slip away because you don't have MLS access or a Realtor on speed dial. I built the tool I wished existed when I started. Now everyday investors have it for $37."
A web-based platform helps novice investors evaluate residential real estate deals by entering a U.S. property address. It provides nearby comparable sales data with property addresses, distances, bedroom and bathroom counts, and sale prices. It estimates after-repair values and includes a calculator using the industry-standard 70% rule to gauge potential profitability after renovation costs. The platform also offers a directory that connects users with investor-focused service providers by ZIP code, including real estate agents, contractors, mortgage lenders, title companies, attorneys, and accountants. It stores user searches and includes an AI assistant trained on investing methods to answer questions about financing, rehabilitation costs, and deal structure. It also includes a renovation cost estimator adjusted for local markets and mobile apps for iOS and Android.
#real-estate-investing #property-analysis #comparable-sales-comps #renovation-cost-estimation #real-estate-technology
Read at www.housingwire.com
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