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Updated about 4 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Madison, WI
12
Votes |
51
Posts

Buyer Investor Software/Dashboard

Account Closed
  • Rental Property Investor
  • Madison, WI
Posted

Hello All,

Does anyone recommend an all-in-one investor dashboard/software for sourcing and finding deals, aggregating relevant data about specific properties (current owner, T-12 rental history, current lease amounts/dates, nearby hyper-local features (hospitals, Walmarts, demographic/census, etc.), ranking by cap-rate/cash-flow, rental estimates, and/or evaluating/forecasting/under-writing properties? It would be nice to be able to quickly monitor investments in a particular geographic area and see all of the relevant investment information in one place as well as relevant forecasts in cash flow and appreciation. I am willing to pay if this exists. I am interested in both MLS and non-MLS properties.

I am also not part of a brokerage, so I do not have direct access to MLS data (although I know you can purchase it from places like ListHub, CoreLogic, or FirstAmericanTitle or view it on sites like Homesnap or brokerage websites).

The only current direct solutions that come to mind are Mashvisor.com, Reanomy for CRE, or HouseCanary if you are a registered agent.

Otherwise, I suppose one can use sites like Roofstock or HomeUnion to rank and find investment deals. But the supply on their sites seems rather constricted compared to the MLS and biased towards SFH.

My rather archaic alternative is to simply monitor Homesnap and Zillow closely with an Excel spreadsheet and hope I can catch deals as they go by and gather all of the other relevant information from other sources. But this is incredibly cumbersome. There is also working with a respectable Buyer's Agent, but I have found them to be limited to specific zip codes in a particular market (small areas) or not knowledgeable in investing at all (no offense). They also take 3% commission which I'm looking to avoid if possible given the movement towards flat fees and refunds.

Thanks for the help!
John

Most Popular Reply

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Chase McArthur
  • Specialist
  • Washington, DC
150
Votes |
177
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Chase McArthur
  • Specialist
  • Washington, DC
Replied

@John Stone

As it stands the short answer is no, the type of platform that you are searching for does not exist. Truth be told, if it did, and functioned with any real efficiency, it would be outlandishly expensive.

Argus is going to be your most comprehensive analysis tool. RealData also offers a fairly decent comp to Argus.

As for real time market data, its going to be a shot in the dark, and will all depend on exactly what type of data you are searching for.

Investment firms literally have an entire department of analysts doing exactly what you are trying to achieve... I used to be one.

Real estate data is a highly conveted, and at times, proprietary asset that comes with a very high price to access it. Consider Costar which can cost literally tens of thousands a month to access.

I'm sorry my friend, but its going to take leg work to find what your looking for.

Otherwise, Ill be happy to help you the best I can.

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