I started investing in real estate in the early aughts, and clearly a lot has changed since then. In my infancy as an investor, I was frustrated by the lack of tech available for networking and finding investment-quality properties. On the heels of that was the need to connect so I could secure capital for investments. In my desperation, I tried to use MySpace to find the resources needed to launch my investment career. It’s not hard to imagine how ineffective that little experiment worked out.
Since that time, I’ve seen up markets, down markets, feast or famine in funding, and inventory levels that can make or break the average real estate investor’s deal flow. I’ve also seen institutional buyers enter the single-family residential investment property market. While that alone had a massive impact on the local buyer of investment properties, nothing has changed the face of real estate investing like technology and the ability to move money and properties faster than ever. What I was looking for back then has come to fruition through my company and others as well. Tech and big data have joined forces, and it’s changed the way real estate investors find and fund investment properties.
Tech Solutions For Finding Investment Properties
In the not-too-distant past, it was only larger institutions that had the power of big data to satisfy their appetites for investment properties to turn for profit. Clearly technology had already come to the aid of institutions and the average homebuyer. Institutions have been using tech to buy properties in bulk for years and have had unprecedented access to critical data needed for sound investment decisions. Then there are sites like Zillow, OpenDoor and, more recently, Zillow Instant Offers to serve the typical…