Tool that emails you when MLS properties meet your investing criteria automatically

3 Replies

We're building an application where you select your geographic area of interest and what your investment criteria are (IRR/Cap rate/Cashflow, price, cash available) and new listings are screened in real time, you get an alert if properties meet your criteria complete with a full financial analysis.

This would save you the hours of hunting and analysing potential properties, would you spend $100/mo on this service? If not, how much would you spend?

If your looking for smaller buildings like SFR or Duplexes many of that info is not entered into the MLS.

Price and area is a good metric but Realtors can automatically send properties that meet those criteria to their clients for free.

Definitely, Realtors can send over properties that you then run all of your return calculations on in order to make a buying decision. 

With what we're developing, say for instance I have $X for a down payment, am looking at these ZIP codes and require a X% IRR. Each property's rent potential is estimated using our proprietary formula and the investment calculations are run for you, sending you a full financial proforma when it finds a match.

Is that something that would be useful?

I have a realtor that sit down with me, we set parameters and she set me up to receive auto emails from my criteria. I get from 6 to 25 listings a day from mls listings. I still search other places and  find some I bring to her too. 

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