Mobility is a huge factor in today’s digital age. It is why having a real estate investing app on a smartphone is very handy for an investor.
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In this modern day and age, what is one thing you always carry with you at any given time and day?
If you guessed “phone,” you are absolutely right! Mobile devices, such as smartphones and tablets, are becoming more of a necessity now than ever before.
It is especially true for real estate investors who are always on the move and are looking for lucrative real estate investment opportunities. Long gone are the days of searching for investment properties on maps. You can now rely on a working GPS to take you across town – or country – in search of the best deals in real estate.
Of course, GPS is not the only kind of technology a real estate investor needs to find great investments. Real estate is a data-intensive industry. For this reason, access to information via real estate investing apps is crucial. You can gain leverage in the real estate business if you know which real estate investing apps to use, such as Mashvisor.
That being said, we now live in a time when tons of mobile app developers keep dishing out new features and functionalities for consumers. The real estate industry is a huge industry for developers not to tap into. As a consumer, you need to determine which real estate app to utilize that will address all your needs as a real estate investor.
Let’s look at which apps are best for real estate investing below.
Related: 6 Must-Have Real Estate Investment Tools
How Do Apps Help Investors?
Mobility is such a huge commodity for modern-day folks. The ability to stay productive while on the go is an edge made possible by smartphones, tablets, and other mobile devices.
It’s hard to imagine how many of us got through life without the convenience provided by the internet. The great thing about living in the 21st century as a real estate investor is that real estate investing is much easier now. Developers recognize the lucrative market that is real estate, so a lot of them created all sorts of real estate investing apps.
The apps have made real estate investing not just easier but a lot more accessible (and affordable) to many people. In a way, the platforms have leveled the playing field for everyone. Once upon a time, real estate investing was considered to only be for the wealthy, the ones with disposable income.
Today, almost anyone with access to the internet can invest in real estate without even having a single property to their name.
Investing in real estate is an excellent way to diversify your portfolio. However, not everyone has the means to find the best investment opportunities. As an investor, you would want to have access to real estate market information, as well as the right tools, to give you an edge over the competition.
Related: The 10 Best Real Estate Websites for Investors in 2022
Investing Apps to the Rescue
This is where real estate investing apps come in truly handy. These apps can be downloaded into your mobile gadget or accessed using your device’s web browser.
Real estate investing apps give you 24-hour access to essential market data and bring to your attention investment opportunities in real time.
They also give you access to valuable real estate investing tools with just a few taps on your phone. You no longer need to find a working computer to access the internet for such things. Investing in real estate can be easily done today and moving forward into 2023 and beyond.
Investing in real estate using different apps and platforms makes the 21st century one of the best times to be alive. In the next section, we’ll take a look at some of the best real estate investing apps that will prove helpful.
7 of the Best Real Estate Investing Apps
Now that we’ve discussed the value real estate investing apps add to your game, here are the best real estate investing apps:
1. DiversyFund
One of the things that discourage a lot of potential investors is breaking into the business. DiversyFund was created to help entry-level investors get into the game, regardless of their preferred real estate investment strategy. Non-accredited investors can use the app to buy properties with a $500 minimum investment.
As a company, DiversyFund focuses on multi-family assets and lists over 500,000 active community members. It is a company that’s well-known for high double-digit returns, making it one of the best real estate investment tools for long-term investors.
Members are not charged any management or transaction fees, adding a lot to its appeal to beginner investors. The platform also features an auto-invest function so you can continually add real estate investments to your portfolio. It also offers users extensive information about real estate investing so they can make more informed decisions moving forward.
If you’re looking for an app that will allow you to build your portfolio in a very tangible way with private market assets, look no further than DiversyFund.
2. Realtor.com
Realtor.com allows you to narrow down your investment property search; you can filter results by price, type (i.e., single family or multifamily home), and days on market.
The app’s property listings feature exterior and interior photos, as well as property details such as room size and the number of bedrooms and bathrooms. It also provides a breakdown of the neighborhood, offering demographics and valuable data related to schools and amenities.
The only issue with the platform is that its listings are geared toward current market levels. It doesn’t offer as many leads on the undervalued properties that you may favor as a real estate investor.
However, many users say it is quite easy to use and navigate, making the search for investment properties more fun. It makes Realtor.com still one of the best apps for real estate investing going into 2023.
3. Auction.com
Auction.com is a good option for real investors who are always on the lookout for a good deal. You can use the app to look for a property filtered by its auction date, location, and/or associated keywords.
Auction.com provides you the ability to view deals from your mobile phone, anywhere and anytime. The program shows you pending foreclosures and bank-owned properties that you can look into further and even buy online.
Auction.com is a useful real estate investing app because you can actually buy and sell real estate within the app. So, it is an excellent option if you have no problem buying investment property online.
One of the app’s downsides is that the status of the listed homes for auction can change quickly. As a result, a property you might find after hours of scrolling through the listing may suddenly not be available anymore. Moreover, in the auction arena, you really never know what you’re getting since you are buying homes without seeing them.
You can find Auction.com properties in the Mashvisor Property Marketplace, where you can use an investment property calculator to analyze all deals before making a move!
4. Happy Nest
If you think DiversyFund is a great app for aspiring investors with limited capital, wait until you check out Happy Nest.
Founded in 2017, Happy Nest is a relatively young real estate investing platform. What makes it stand out among other real estate investing apps is how it affords users the ability to make $10 investments.
You can already get monthly dividends (its target is 6% per annum) from the $10 you put in. Investors also don’t need to make any monthly payments for commissions or account fees. It also includes a loose-change-roundup feature where your spare change is gathered and invested automatically.
The app itself is very straightforward, making it relatively easy to use. However, one of its downsides is that, since it’s a new company, it doesn’t have a sufficient track record. Unlike other tenured crowdfunding platforms, Happy Nest doesn’t have a wide array of portfolios and REITs to choose from.
Despite its minor disadvantages, Happy Nest is a company worth looking into and an app worth having on your mobile device.
5. BiggerPockets
If you are a new real estate investor looking to learn more about making money in real estate, BiggerPockets is brimming with resources. The BiggerPockets platform contains blog posts, podcasts, ebooks, guides, and more. There is also a website with updated content for those who are not too fond of using mobile apps.
The app will teach you lots of things, such as how to buy a property that will increase in value or the kind of projects to complete for a profitable house flip. BiggerPockets also caters to non-investors and teaches them how to be better homeowners.
BiggerPockets has been a consistent contender in many best-real-estate-investing-apps lists over the years. And rightfully so, as it is loaded with important information that will help you get started on your real estate investing journey.
6. Arrived Homes
If you’re looking for an app that will allow you to easily invest in rental properties and collect dividends immediately, you might like what Arrived Homes has to offer.
Like DiversyFund and Happy Nest, Arrived Homes is one of the best apps that offer low minimum investment amounts to users. You can get started on your investing journey by investing just $100.
It is quite helpful if you’re after portfolio diversification without the hassle of owning and operating your own investment property as a rental. It’s as simple as downloading the app and signing up for its services, and you can start collecting dividends quarterly.
However, unlike DiversyFund and Happy Nest, Arrived Homes charges an asset management fee. But the fee is quite modest at only 1%, especially considering how easy it is to jump on board.
7. Mashvisor
Although it’s not a real estate investing app per se, Mashvisor can be easily accessed on any mobile device with internet access. It comes with mobile-friendly tools that can be used on the go, anywhere, and anytime.
Investment Property Calculator
Mashvisor’s investment property calculator provides you with the numbers you need in order to estimate the expected return on investment, rental income (traditional or vacation rental), expenses, and profit from your investment property.
It can even help you choose the optimal rental strategy for your future income property. The calculator disaggregates the data into two categories based on the rental strategy: traditional and Airbnb data. Using your input about your investment financing, Mashvisor will tell you whether a traditional or a vacation rental strategy is more profitable.
Related: What’s the Best Airbnb Analytics Platform for 2023?
What makes Mashvisor’s rental property calculator different from the rest is its neighborhood analysis. You can use the data from the calculator to compare different neighborhoods in hundreds of US cities and towns and decide how profitable a certain neighborhood is.
It’s the ultimate real estate market research tool. The neighborhood analysis also gives you insight into the best investment property type (house, townhouse, single-family home, multifamily home, condo, etc.) in your area.
Property Search
Any investor will tell you that your investment success depends largely on the property’s location. Mashvisor’s Property Search tool gives users access to a vast database that covers almost every market in all 50 states.
The search function is relatively easy, as you only need to enter your location of choice in the search bar. You can input an address, a city, or even a zip code and it will show you actively listed properties in the area.
What makes the search function one of the best out there is the real estate heatmap feature. It helps you identify which areas are high-performing based on the following criteria:
- Traditional Monthly Rental Income
- Airbnb Monthly Rental Income
- Traditional Cash on Cash Return
- Airbnb Cash on Cash Return
- Listing Price
- Airbnb Occupancy Rate
The map will highlight top-performing neighborhoods in green, while the reds indicate lower stats for each criterion. It makes the search for the best investment properties in the most profitable neighborhoods a lot easier and less time-consuming.
Mashvisor’s Property Search engine includes a heatmap that allows you to determine which parts of a city are ideal for investment.
To learn more about how Mashvisor can help you find profitable investment properties, schedule a demo.
Bottom Line
With the increased use of technology in today’s digitized era, now is probably the best time to get into real estate investing. As an investor, it is essential to have access to information anywhere, anytime. This applies especially to the real estate investing business.
You can take your profit margins to the next level by knowing the best real estate investing apps of the year and downloading them to your mobile device. The apps allow you to locate and bid on profitable investment properties, expand your investing knowledge, and balance your project budget, all from the comfort of your own phone.
Among all the platforms listed above, Mashvisor will help you locate the best real estate deals in your area (or even beyond your backyard). Its real estate heatmap and investment calculator alone give you more bang for your buck and point you to the most profitable deals that align with your investment needs.
Mashvisor may not have a downloadable app (yet), but it is proven to have helped countless investors make the right investment decision. It goes without saying that investing in real estate today has never been easier!
To get access to our real estate investment tools, sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.