Revestor: the birth of an alternative real estate search
Like many real estate startups, Revestor was born out of frustration with the real estate investing process, as founder Bill Lyons purchased his first investment property at age 21, learning that not all agents have the consumer’s best interest in mind. Developed with the help of EvolverMobile, Revestor uses a proprietary search algorithm to analyze data points from ListHub on the live site/app and Point2 data, with local MLS listings being integrated city by city, with the app becoming available nationwide in late 2012.
“Instead of investors and Realtors using multiple apps and archaic spreadsheets they can now save hours worth of research and analysis by letting Revestor do all the heavy lifting,” the company notes. The free iPhone app is the company’s latest feature launch, arriving shortly before their showcase on the Shark Tank on ABC.
Revestor mobile app features
Lyons advocates for “better real estate investment decisions,” which the company seeks to provide to both real estate professionals and consumers alike by offering not only location based search, but estimated rents, property details, pictures, potential cash flow, estimated mortgage payment, potential cash-on-cash return, potential return on investment, and their “RevestorRating” of all listings, offering a healthy starting point for investors to begin their own analysis.
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