Redfin, a real estate data and research company, recently launched a new service called Invest in the Real that lets investors find real estate that’s undervalued and buy it with a fraction of the cost.
The company says the site is the first of its kind to offer a “direct real estate investor” service, which is a bit of a mouthful.
Instead of a broker or agent, the investor can enter their name and email address into the site and click “invest” or “buy” depending on their criteria.
If the investor is willing to pay $1,000 to buy an apartment, the site will tell them where to go and what to look for.
Redfin says the program is designed to help investors “invest in real estate portfolios at the lowest possible price.”
Investors can then choose from a selection of rental properties ranging from the average price of $1.5 million to the median price of more than $4 million, as well as some properties priced in the high-end of the market.
The platform also lets investors see which properties are undervalued, which ones are currently undervalued or, most important, which properties have more than 10 years left on their terms.
RedFIN CEO Scott Blevins said that “the real estate market is going through a seismic shift and investing in real assets can help preserve your value and increase your return over time.”
The platform is still in its early stages, but Blevin said that it will eventually have about 10,000 listings on the site, with the goal of having more than 300,000 by the end of 2018.
Blevens said that Redfin’s goal was to make real estate investing as easy as it is for investors to find, and it’s the “best way to build your portfolio for the future.”
Here are some of the most common questions investors ask about the site.
What’s it like to use the platform?
Redfin launched the service in December and it currently has over 1,200 properties, including rental properties, in its portfolio.
For example, a typical listing includes an average price between $1 million and $3 million, according to the company.
The website says it has helped more than 20,000 people invest in real property, including the likes of Paul Allen, Google co-founder Sergey Brin and Amazon CEO Jeff Bezos.
RedFin’s website also lists the median annual price, average rental value and average selling price for a property.
Red fin’s “Invest in the real” service was launched in December, but the company has added several new properties to its portfolio, including several apartments.
In addition, Redfin has expanded its “Invest” section, which now includes properties ranging in price from $1 to $2 million.
What are the qualifications for investing in the platform and where does the money come from?
Red fin is currently working with more than 3,000 investors to provide real estate for them to buy and sell.
For now, the company is not accepting new funds from investors, but it’s working with some existing investors to add more properties.
For more information, visit Invest in Real.
Who’s using the site?
RedFin is partnering with several real estate agents to help prospective buyers and sellers search for properties and buy and rent them.
A few of the big names are LIV Properties and Sotheby’s.
The firm says it recently received more than 60 offers for properties, but most of the offers were for properties priced between $2.2 million and over $4.3 million.
Red Fin’s site is available for download for iOS, Android and Windows devices.
Red Finance CEO Scott Pachal said that investors can access the site through any device, including smartphones, tablets and computers.
Investors can also log into the platform from their desktop or mobile devices.
Is there any chance that RedFin will expand the site to other real estate markets?
Red FIN CEO Scott L. Pachals said that the company plans to add a number of properties to the platform in the coming weeks.
RedFinance is also working with brokerages and other real-estate companies to help potential investors find properties in certain markets.
Puchals said RedFIN is looking to partner with “multiple” real estate brokers, which could include real estate companies like Landor Real Estate, a company that specializes in rental properties.
Landor’s founder, Brian Landor, said in an interview with The Wall Street Journal that the real estate industry is “really in a revolution right now” because of the rise of digital marketing, and he believes RedFIN will be a useful tool for investors.
Red Finance currently has about 1,000 properties on its platform, but LIV and SAV are expanding the list.
“There are a lot of people looking to buy properties and there are a bunch of people in need of homes, so we need to find homes