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Show HN: SpendTree – A tool to analyze income properties

spendtree.com

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Re: Show HN: SpendTree – A tool to analyze income properties

#3

So does this tool automatically pull in the data given a property or do I have to input some of the data? Definitely looks like something I'd want to use as a home buyer.

Right now you can generate a report on the property using as little as Address, Purchase price, Square footage and a guess of beds/baths. We estimate the rest based on market data - the basis for each estimate is shown in the report.

Re: Show HN: SpendTree – A tool to analyze income properties

#5
post #3

So does this tool automatically pull in the data given a property or do I have to input some of the data? Definitely looks like something I'd want to use as a home buyer.

Right now you can generate a report on the property using as little as Address, Purchase price, Square footage and a guess of beds/baths. We estimate the rest based on market data - the basis for each estimate is shown in the report.

We are targeting MLS integration with our next development phase, however, which would autofill all of this information.

Re: Show HN: SpendTree – A tool to analyze income properties

#6
Where does the data come from? We collect and publish building permit data at the property level which might be a good add-on for investors looking to for info on the the condition of the structure. If you're interested in adding building permit records to your reports I'd love to discuss. You can email me direclty at chris [at] buildzoom.com

Re: Show HN: SpendTree – A tool to analyze income properties

#7
post #6

Where does the data come from? We collect and publish building permit data at the property level which might be a good add-on for investors looking to for info on the the condition of the structure. If you're interested in adding building permit records to your reports I'd love to discuss. You can email me direclty at chris [at] buildzoom.com

email sent!

Re: Show HN: SpendTree – A tool to analyze income properties

#8
As a real estate investor, let me say this is fantastic. The only suggestion I have is to include more demographic information. I usually need a lot more detail about the neighbourhood (ethnicity, income, profession, married %, pop by age group, etc). Are you familiar with zipskinny.Com? They do a great job at the demographics.

Edit: looks like zipskinny is down, but here's an image of what their chart looked like: http://www.bobguskind.com/wp-content/uploads/2008/10/zip-ski...

Re: Show HN: SpendTree – A tool to analyze income properties

#9
This is really cool - congrats on the launch!

Does all of the property analysis currently happen in individual reports? As a RE investor, I'd love some comparison tools to comp out similar properties side by side.

Shoot me an email if you want to chat further. Love talking all things RE tech.

Re: Show HN: SpendTree – A tool to analyze income properties

#10
Perhaps this crowd won't agree, but "income properties" and "real estate investment" are horrible things when it comes to residential real estate. This is THE major driving force for urban cost-of-living increases on both American coasts. If I could downvote the whole concept of this industry, I would.

When speculators speculate on food commodities, people argue that it provides market liquidity to justify why that's not entirely illegal. Well, real estate is by definition illiquid, so speculative activity in this area benefits nobody but the speculators.

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