If you’re a beginner real estate investor, then perhaps you’re looking for the best tool to use for investing in real estate quickly and with ease.
While investing in real estate is definitely something that you could pull off without using any tools or online platforms, the process can be extremely challenging and time-consuming for any beginner real estate investor.
For this reason, a large number of beginner investors usually quit their investment journey before even getting started. This is because once a beginner real estate investor starts to do their own research and search for investment properties, they often face challenges that they don’t have the necessary tools equipped to overcome.
This, however, doesn’t have to be the case. There are a number of online tools and platforms that were designed with the beginner real estate investor in mind, allowing any beginner real estate investor to get into the real estate business more easily and quickly.
In this article, I will be talking about the best tool, in my opinion, for beginner real estate investors to use in order to make wise investment decisions and become professional-grade investors without dealing with all the hassles of investing in real estate.
Beginner Real Estate Investor Tool: Mashvisor
Mashvisor is an online real estate analytics platform that was designed to help any beginner real estate investor find the perfect investment property in the least amount of time, turning 3 months’ worth of research into 15 minutes with the help of predictive analytics and customization tools.
The platform has a focus on rental properties in particular, as these are considered the most beginner-friendly investments in real estate, as well as the least risky type of investment, which makes it easier for a beginner real estate investor to get into.
Additionally, the blog section of Mashvisor includes thousands of real estate articles and guides that beginner investors can use to learn about the different investment strategies, creative financing methods, and the best locations for investing in real estate.
The platform includes a number of tools and features that all aim to make the process easier and faster, as well as to equip the investor with tools that will allow them to easily analyze and compare a large number of investment properties to identify that ones that suit them the most.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
Search Tools & Filters
When it comes to finding the perfect investment property, any beginner real estate investor knows the challenges of setting their search criteria and identifying properties that their criteria applies to.
Using Mashvisor’s search tools and filters, the process becomes much easier as the user can greatly narrow down their search and filter out any unwanted properties.
The search filters include:
- Listing price
- ROI (Cap Rate & Cash on Cash Return)
- Property type
- Property age
- Property size
- Number of rooms
- Rental strategy (Traditional vs. Airbnb)
- Property status (Sold, pending, for sale, or foreclosure)
Using these filters, you can type in the name of the city or neighborhood you want to invest in and see the exact properties that match your search criteria, saving you a lot of time that you would otherwise spend on inspecting properties that you don’t want.
Heat Map
The heat map feature allows you to apply a visual layer over the map to see which areas are performing well for the different metrics.
The map will be segmented into different color codes (green, orange, and red), allowing you to easily identify the areas with good or bad stats for the following metrics:
- Airbnb listing price
- Traditional listing price
- Airbnb cash on cash return
- Traditional cash on cash return
- Airbnb rental income
- Traditional rental income
- Airbnb occupancy rate
Property Finder
The property finder feature is the easiest and fastest way to get a list of properties that are performing very well and that match your investment strategy and criteria.
Using this tool, all you have to do is enter the names of the markets you’re interested in (up to 5 markets), and the AI will automatically search for properties in these areas, analyze them, and compare them to give you a list of the top performing properties that are sorted out based on the cash on cash return that they are projected to produce.
Neighborhood & Investment Property Analytics
The best part about Mashvisor that any beginner investor should be thrilled about is that it saves you the trouble of having to learn how to do all the calculations for analyzing the properties or neighborhoods, and it provides you with all the pre-calculated metrics that you need to make your investment decisions.
Every property that is listed on Mashvisor will have its own analytics page, including its ROI using metrics such as the cap rate and the cash on cash return, as well as a more detailed analysis of the property and its future performance and payback period.
Additionally, both investment properties and neighborhoods have their own comps, allowing you to easily identify properties that are projected to perform well above the area’s averages making them some of the best options on the market, which gives you an advantage over other investors who have not discovered them yet.
Final Thoughts
If you’re a beginner real estate investor and you’re looking for the best tool to use for investing in real estate, then I highly recommend you try Mashvisor.
To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.
You can create an account for free, which gives you basic access to some tools and features that you can use. However, if you want to gain access to the full experience of using Mashvisor, you have multiple subscription options to choose from, and the price will definitely be worth the amount of time and effort that the platform can save you.