Automated deal analysis/ranking software?

Question

Hi, new to real estate, been enjoying reading you guys's posts. As I'm browsing the forum, I see a lot of people who seem to have built custom web scraper software to find and analyze deals, but I was wondering if there is commercially available versions of those? Software that automates the process of scraping listings off popular sites (or using their APIs), plugging in the numbers on something like the BP rental property tool, and then spitting out a ranked list of top deals, updating regularly?

I find myself going to realtor.com every few days, plugging the same numbers over and over into the BP rental property tool, and I figure there must be an automated service for that.

Any suggestions appreciated.

I find myself going to realtor.com every few days, plugging the same numbers over and over into the BP rental property tool, and I figure there must be an automated service for that.

Any suggestions appreciated.

Jonathan Klemm · Answer

@Kejia Tang - I've been looking into Housefolio, has anyone used that before?

Aaron K. · Answer

@Kejia Tang not really and unless you put some pretty powerful AI behind it, it will have a tough time estimating rents.  I have done a few of these for different markets, however if you are willing to put in a little work in excel for your math you can make a basic version yourself.  The reason this is possible is Redfin allows you to export to a csv file and a few formulas later you can get a rough idea.

If you want to go further into the programming and AI space the best I was able to train a neural net to do was one that could find the stuff I wanted about 90% of the time in a fairly simple market.

Aaron K. · Answer

@Kejia Tang the problem with that is I have yet to find a 3rd party site that can accurately predict rent so it is easier to just say if sqft is between 1500-1750 rent = x.

Kejia Tang · Answer

I was thinking more just plugging in numbers from a 3rd party rent estimation site; I'm surprised there isn't a tool out there, but maybe because anyone who cares makes their own custom one like you said.

Automated deal analysis/ranking software?

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