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Updated over 4 years ago,

User Stats

20
Posts
15
Votes
Kurt S.
  • Investor
  • Chicago, IL
15
Votes |
20
Posts

What tools or data would make your investing better / easier?

Kurt S.
  • Investor
  • Chicago, IL
Posted

I think about data a lot. In fact, it's what I do for a full time job (data scientist). Part of what attracts me to BiggerPockets is the valuing of clear metrics such as COCROI, being careful about estimating potential rental costs, and adhering to investing rules such as 1-2% rule that give high-level guidance as to the return on an investment. I like numbers people. 

In this regard, I have been thinking about how to build a data product or products for the community that would help save investors time or give wholesalers more targeted marketing. Nothing too fancy, but just a suite of tools that could help streamline your investment process or give you an advantage over competitors. For example, not long ago I helped someone obtain estimates on homeowner age. My friend gave me a list of addresses and I was able to track down the homeowner age pretty systematically (and with a high degree of accuracy). This helped my friend know who to call first, as he had a demographic he was aiming for. 


I am writing this to kind of get a 'feel' of whether the community would find something like this valuable enough to pay for it. Like wondering if people would pay a small service fee to obtain this data. Or what types of gaps exist in the current tools you use. Is there anything that would save you time as an agent, wholesaler, or investor? I would be really interested to know and chat about this with you. 

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