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Updated over 4 years ago, 06/16/2020
Looking for feedback on a rental property app idea
Hey guys, I am very new to real estate but I am a software engineer by profession. I recently got into real estate and I wanted to invest out of state but I soon realized that good deals go fast and the current process of finding good deals is quite tedious. You have to spend hours out of your day browsing real estate sites, crunching numbers in spreadsheets, and then finally you might find something worthy to look into BUT wait! now it's under contract, UGH! Yes, the frustration is real and very annoying.
So what if there was a website, where you simply provide where you're looking to invest and then it will find all listings in that area that have a good ROI and email them to you as well as if any new listings come out, it will email those to you too. It would also breakdown how it reached that ROI and you can always customize the calculation to your liking so it finds the right match for you. Then you can just visit that listing on Zillow or whatever you like and see if it's worth investing. I actually already built a chrome extension that does the calculation for any listing on Zillow for you and it's on the chrome store already and it's free.
Was wondering what people's thoughts are on this? Would it be useful or not? Personally I would use it myself but I am not sure if others find it useful.