Software to find deals 24/7? Does it exist?

[Andre Mashraghi]

Hi all,

As much as I love investing in real estate, I hate doing the search and analysis work through hundreds of listings until I find a deal that actually makes sense for my goals. I was wondering if there was any software that provides a solution to this? Specifically, a software that analyzes listings 24/7 based on a set of criteria like cash on cash return, profit margin, purchase price, etc. Once it finds a deal, it sends a notification and pre-fills a purchase contract? Anything similar?

Also, I should mention that I do not want to hire a realtor to do this as I am a realtor myself and want something automated and much quicker than any realtor can be.

[Nate Sanow]

The trick is don’t scrub the listing, create filters… begin to memorize average price per foot, and average price sold, and then begin to memorize what a good number is at a percentage of that. For example in my market $100 per foot is becoming the new minimum for bottom of the barrel conditions and if decent $130 per foot is for average stuff so I get really excited if $80-90 per foot opportunities come up. I automatically know it has a likelihood of being a deal. There are some of our better areas at $200 per foot so then I’d go up to $140 per foot on acquisition… I also know our average sold price was hovering around $294k so if I’m at or below $150k odds are more likely I have a deal and I don’t mess with stuff above $200, yet. This is rapidly changing in this new market but I’m just saying look at filters not just listings.