When you’re a start up business, especially in the technology space, it’s tough to cover all of your bases. Case in point, we haven’t updated our blog since November. Seems like a good time to do that.
Let me take you back to where it all started.
Like any good idea the concept of Revestor was born while drinking beer. Our CEO, Bill Lyons and myself were sharing a couple brews on a Sunday afternoon when we landed on the topic of real estate. At the time I was with another technology start up. We were in the process of building a piece of software that would improve on what we deemed a faulty process. Bill and I found a similar fault in the real estate investing process and decided we could improve it. That was in 2012.
Fast forward a few years and we’ve built an amazing platform but real estate and technology are still in a vicious tug-o-war. Brokers and agents who used to control the data and inventory no longer do. Now, it seems technology is controlling that data and inventory. Agents have no choice but to embrace this change and get in between the technology and consumer to stay alive. The ultimate winner in this battle is the consumer, who now comes to the negotiating table armed with information. Unfortunately it’s not always good information (think Zestimate). When we built Revestor it was important for us to…
- Use technology to improve the process of real estate investing
- Give investors a platform where they could control the numbers
- Give agents a platform to market investment opportunities and attract investors
Technology is just that, improving a process, saving time and money. When we started Revestor there wasn’t a clear starting point for real estate investors. There were, and still are, plenty of books, how to’s, seminars and Gurus that claim they have the secret recipe for real estate investors. A lot of times these recipes come with a heavy price tag for the investor too. A few things about us:
- We built a platform that allows you to search for investments, nationwide
- We allow you to run the numbers over actual properties
- We have a network of professional agents that can help you
- We’re 100% free to use
One thing that all real estate investors have in common is that they are business owners. If you’ve been a business owner before you know there are two things you can count on with absolute certainty.
#1. Everything will take more time than you expected
#2. Everything will cost more money than you calculated
In the 15 years that I’ve been self – employed I have yet to meet an entrepreneur who told me their business took less time and made them more money than they anticipated. If I asked each of these people what they’ve learned along the way I’d have a hard time getting them to stop talking. My point here as it relates to real estate investing, Revestor and running your own business is going to take some time. Educate yourself on the process. Decide what market(s) are good for you. Talk to a professional agent who can help.