Real Estate Investing Best Practices From Co-Founder of Privy

1 year ago
22

Real estate investing can be a lucrative business, but it's not without its challenges. One of the biggest obstacles facing investors is identifying profitable deals in a crowded market. That's where real estate investing software like Privy comes in.
In a recent episode of the Freedom Chasers Podcast, Benson Juarez, a real estate investor and co-owner of Privy, discussed how their software makes it easy for people to analyze data and do local market research. By providing access to raw MLS data that has been curated and made actionable through algorithms, Privy helps investors identify profitable deals and build a cash buyer list.
Benson emphasized the importance of data for a successful flipping business and how having access to the right data can save time and help investors become local market experts. He also shared a story of a user who was able to close a wholesale deal in less than two weeks and make close to $200,000 in assignment fees within six months, without ever seeing any of the houses in person.
Another key feature of Privy is its patent-pending reverse search function, which allows investors to find similar properties to those that have already been successful in the market. This can help investors identify trends and shift their strategies accordingly.
Benson also stressed the importance of building a buyer's list before hunting for properties, which he called "reverse wholesaling," and choosing a high-activity market. He suggested using the Privy software to automate local market research and gather contact information to build a high-value buyer's list quickly.
In a separate interview on the podcast, "Real Estate Investing for Cash Flow," Benson discussed how Privy works as a tool for finding and analyzing real estate deals. He explained that the MLS is only useful for listing properties, not for finding deals or tracking markets, and that Privy was built for investors and agents to automate the process of analyzing deals.
One of the key takeaways from both interviews is the importance of data in real estate investing. By using data to make informed decisions, investors can save time and money and become experts in their local markets. Real estate investing software like Privy can help investors achieve these goals by providing access to curated MLS data, automated analysis tools, and a community of experienced investors.
In conclusion, real estate investing can be a profitable business, but it requires careful research and analysis. Using real estate investing software like Privy can make this process easier and more efficient, helping investors identify profitable deals and build a successful business.

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