137 Million Properties Hit the Market as the Real Estate Investor 'MLS' Opens
ConnectedInvestors.com gives real estate investors access to new sources of Big Data used to find off-market real estate investments
WILMINGTON, N.C., Oct. 25, 2018 /PRNewswire/ -- Connected Investors, the world's premier social network of real estate investors, is pleased to announce the highly anticipated launch of their new property investment "deal locating" software called PiN.
As competition continues to rise, real estate investors use Big Data to find investment opportunities not available to the general public.
Through its mass collection of data, Connected Investors recognized that the real estate investing community had no centralized "MLS type" marketplace to source investor-grade properties. Prior to the advent of PiN, real estate investors have traditionally relied on manual searches, word of mouth or the MLS to locate investment grade properties. However, with only a small percentage of the roughly 2 million properties listed on the MLS being "investor-grade" coupled with an increase in competition, it has become increasingly difficult to find properties that can be purchased at deep discounts.
Savvy real estate investors can now use the "Big Data Tools" in PiN to search through the roughly 137 million unlisted properties to find discounted properties not generally available to the public.
Ross Hamilton - Founder and CEO of Connected Investors commented, "PiN is a 'new lens' that real estate investors can look through to see unlisted property that could be purchased way below retail value."
PiN analyzes billions of data points on every property across the US to "Pinpoint" off-market houses that could be purchased for a fraction of retail market value.
Hamilton continued, "Our team is convinced that PiN will become the industry standard software used to source investment property in 2019, as it will be next to impossible to compete with other investors that have access to the data and tool sets found inside PiN. Real estate agents have the MLS, real estate investors now have PiN."
ConnectedInvestors.com CTO Marty Coyne says: "Through PiN, Big Data has been made available to real estate investors in a way that points them toward the best opportunities in any market."
Connected Investors also runs America's largest private funding portal for investment properties. The Connected Investors team believes by helping real estate investors find the properties they are looking for, private money loan requests through their portal could exceed $100 billion annually.
Positive Customer Impact
A handful of real estate investors have used the BETA version and have already benefited from deploying PiN's service in their businesses. Jerry Stevens, a former engineer turned full-time real estate investor says, "This information has completely transformed the way we access off-market properties. I no longer have to go to the courthouse, knock on doors – worrying I'll get shot; or put out bandit signs waiting for the police to call about sign violations. In the short time I've been using PiN, it has transformed my business. It's kind of a no-brainer to use it."
Hamilton concluded by stating, "As PiN makes its way into the hands of real estate investors across the country, it's likely the traditional methods of finding investment properties will go to the wayside as technology has made many manual processes a thing of the past."
PiN's Availability
PiN, also known as PinPoint Profits, provides update-driven, dynamic investment property data that gives users current information that can be searched and filtered by a wide range of parameters – very similar to what you'd find on any real estate search website. Search by county, city, subdivision and filter results to suit individual needs. PinPoint Profits is available for immediate purchase at PinPointProfits.com.
ConnectedInvestors.com brings the Fintech revolution to real estate investing. The Connected Investor's online marketplace, lending portal, social network and mobile App streamline the many inefficiencies in the real estate investing industry. For more information please contact their marketing desk at [email protected] - 888-204-7501.
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