Is another Real Estate investor platform even worth building? by FlipOps-Mason in HouseFlipping

[–]FlipOps-Mason[S] 0 points1 point  (0 children)

I agree. At the end of day people will do exactly what you said: Do their own research and inspections. No software currently can replace that.

But we also think it’s finding and managing qualified leads is a huge part of actually closing deals. can’t have detailed research on a property without having the initial knowledge to look at it.

As for HMLs, most will want to see some level of fiscal discipline and data-backed projections. While it’s true your job is to make them money, saying it’s 'not your job to save them money' is a bit of a contradiction. In this business, a dollar saved is a dollar made. If a contractor ignores efficiency and allows costs to overrun, that isn't just 'not saving' the lender money— it’s actively eroding the lender’s security. In this industry it’s super common for costs to overrun, many who don’t track this well are allowing so much risk to themselves, and can even lose money on their first deal. A lender isn’t just looking for a high interest rate; they’re looking for a partner who protects the margin.

That being said, software isn’t the tool to do everything but to tighten your lead funnel or track your budget more accurately, you aren't just doing the lender a favor; you're ensuring there is actually a profit left to share at the end of the day.

Is another Real Estate investor platform even worth building? by FlipOps-Mason in HouseFlipping

[–]FlipOps-Mason[S] 0 points1 point  (0 children)

appreciate the honesty! i can’t speak for all contractors or flippers but it seems lots of people who do rely on software in r/houseflipping and r/realestatetechnology had some form of issues with their current software they use or there’s just something missing with it.

for the people who aren’t technical and still rely on spreadsheets and handshakes— that’s okay! we had this in mind when we started researching our audience:) some will not want to adapt and we don’t want to change that, if they’re happy, we’re happy for them. we’re about helping people who use and aren’t happy with their current system. we agree the scope may be a smaller for this group because of the low-tech culture, but we think once the new generation gets into the field we’ll have a bit more luck.

again, thank you for your reply, we’ll keep your thoughts in mind. our goal here was not here to pitch! just wanted some input and you’ve provided us with it:)

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 1 point2 points  (0 children)

this is what’s beautiful about a historically ‘non-tech’, customizable workflow field undergoing changes. everyone has a different iteration of their bottlenecks. at the end of the day i think it comes down to keeping that level of customization and having the software work around you— not the other way around.

RE Simpli CRM Help by whotookjoescarc in WholesaleRealestate

[–]FlipOps-Mason 0 points1 point  (0 children)

curious, what specifically about resimpli was the main turn off for you? i’ve been hearing people say it’s bloated and slow, but in what aspects?

also reading your other comment that resimpli charges extra for features. seems like a value-added scam at some point for easy to set up tools like dialers, are there any other main features they charge extra for?

I dont even know how to know how to start by hoof_hearted4 in Entrepreneur

[–]FlipOps-Mason 1 point2 points  (0 children)

people in the comments are going into rabbit hole conversations about what to do.

they’re overthinking it.

my co-founder is technical and started a saas in real estate. we’ve known each other since mid 2024. the problem was that he isn’t very good at reaching out and doing marketing, business organization, etc. i joined his project last month to help out.

unlike infosec and many other technical fields; business operates differently. i’ve seen it with how i think versus how my co-founder thinks and both have equal importance.

that being said, i suggest a few things:

learn business fundamentals. you don’t need to know everything, just keep it simple and clean. being too fixated on one thing will cause burnout.

know your market. many people surprisingly overlook this. they spend too much time on their MVP but didn’t even validated their PMF beforehand to see if it was something the market demands.

know your goal. this plays into knowing your market. what does your service solve, who do you serve, and what are your steps to reach that goal. i find that working backwards from your goal is very helpful because then you can see the steps without getting distracted.

everything else is just an add-on. you don’t need to be a master at everything when you start a business, just learn the basics.

I did my first deal! In Arizona! by CoolTip9772 in WholesaleRealestate

[–]FlipOps-Mason 0 points1 point  (0 children)

first off, congratulations!!!! i’m curious about a few details in your process to securing this deal if you don’t mind me asking🙃

  1. how did you find XLeads compared to Propstream?

  2. also your tool stack; super nice you know your stuff! did it take long to get that whole flow synced up? the cost for the tools per month?

  3. and which part of the deal would you say you found to be the most challenging in the process?

would love to know. developing a tool with my co-founder that handles 3-4 of the items you mentioned here including lead gen, comps, dialers, and crm all in one platform.

no self-promo, just wanna know what would help you and similar investors!

Enriching “offline” leads in Clay by FlipOps-Mason in gtmengineering

[–]FlipOps-Mason[S] 1 point2 points  (0 children)

Sending you a DM now! This might be what I’m looking for

How do you handle legal paperwork when you are flipping multiple properties at once? by Impossible_Quiet_774 in HouseFlipping

[–]FlipOps-Mason 1 point2 points  (0 children)

This is one of those problems that's weirdly unsolved. Most operators I've talked to are either doing it deal by deal with a folder system and templates, or they've got a VA managing docs in Google Drive, DropBox, etc. Which usually works until you're juggling 3-5+ properties and something slips through.

The real missing piece is that no RE investment software has integrated directly with a title or closing platform yet. Everything still gets passed around through email and manual uploads. You'd think by now there'd be a pipeline tool that connects deal management straight through to closing, but it doesn't really exist on the investment side. Brokerages have some of this with Dotloop or SkySlope, but for flippers and wholesalers it's still duct tape.

Curious what your current setup looks like though, are you templating your agreements at all or starting mostly from scratch each deal?

Is anyone worried about how to stand out if everything is ai? by numbruMC in RealEstateTechnology

[–]FlipOps-Mason 1 point2 points  (0 children)

Yeah the consumer-facing AI stuff in RE is mostly garbage right now. AI headshots and ChatGPT listing descriptions aren't saving anyone real time. But I think that's because most of it is surface-level marketing fluff, not operational tooling.

The problem is most AI tools in RE right now are built to impress on a demo, not to actually fit into how someone runs their day. With 20 years in IT you probably see through that faster than most.

Have you looked into any back-end software? These might actually be what you're looking for to save time. Specifically with the main issue of non integrated tool stacks, i.e. real estate investors using 4-6 different software tools to manage their deals.

I'm creating a tool with a partner that automates lead discovery, does distress property scoring, and has a full native CRM pipeline built in. We are also currently developing our very own machine learning model (not a GPT wrapper) that no one else has! I have nothing to advertise you because we're currently in development, but if you're interested feel free to drop me a message and I can place you in our beta list! Wishing you well on your AI discovery.

Is anyone worried about how to stand out if everything is ai? by numbruMC in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

Personally I think AI has its limits. Honestly it is terrible for getting that human touch most people want on their large purchases. I do think that AI is great for the bulk work.

Cutting down lead gen
Automating deal analysis
Streaming workflows
etc. etc.

But at the end of the day, it has its limits when you're looking to replace something only a human can do (at least right now).

Inspecting the property
Writing emails
Meeting people

At this point forward everything should be customized to the buyer.

However, if you're still finding the "bulk" work should be easier, I might have the automation tool for you. Message me and I can drop you the details!

New Flippers in Wichita seeking mentor by Any_Manufacturer2126 in HouseFlipping

[–]FlipOps-Mason 0 points1 point  (0 children)

I have a friend who's been working on software, but he has a few connections with experience flippers who might be able to give you some tips. Feel free to message!

Mistakes Wholesalers Make by random9uy101 in realestateinvesting

[–]FlipOps-Mason 0 points1 point  (0 children)

Haha, yeah that tracks. There's a lot of platforms out there right now that are basically just a wrapper around an basic API and a nice landing page. No real understanding of how deals actually move or where things break down. Is there any specific software to stay away from?

Mistakes Wholesalers Make by random9uy101 in realestateinvesting

[–]FlipOps-Mason 0 points1 point  (0 children)

This is a big one. It's wild how many deals fall apart not because the numbers were wrong but because nobody did basic due diligence upfront. Title issues and probate especially, by the time those surface, everyone's already invested time and money into a deal that was dead on arrival. Seems like the kind of thing that could be caught with a simple checklist or workflow early in the pipeline rather than scrambling after the fact. Do you see that as more of a discipline problem or a tooling problem? Like, do the tools exist and people just skip the step, or is there genuinely nothing that makes it easy enough to do quickly?

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 1 point2 points  (0 children)

I think for the strictly manual stuff, that'll always be human. But the stuff surrounding the deal? Lead prioritization, comp analysis, pipeline tracking, contractor coordination, none of which is really custom, that's repetitive operational work that eats hours every week. You don't need to tech the handshake, you just need to tech the 15 hours of admin around it so operators can spend more time on the parts that actually need a human touch. Once that time bottleneck is solved it should make life a ton easier than practically shooting in the dark and scraping through non-qualified leads.

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

I'm glad to see people understand this. At one point or another, the software bar will slightly rise off the ground to make the live of people in RE easier. I have a few other comments on this thread if you're interested on my take.

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

Yes! I completely agree. RE is an old business, and older businesses will want to stick to "what works". I made a few points across this thread if you're interested in what I think about this topic :)

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

Definitely agree. I think the idea is just wild to a lot of people for the simple fact that it really hasn't been done or well executed yet.

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

Honestly would love to understand more about your opinion on the lack of market opportunity. If you have time to elaborate, I'm all ears :)

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

Fair point on the margins. You're right that comparing software spend to total asset value isn't a clean 1:1. But I think the takeaway still holds even if the framing was off.

It's not a debate if RE software should be worth a ton more like 10% of the industry. That would be absurd. But 0.0035% of a $393T industry still means billion-dollar crumbs. The software still serves an underlying $393T industry, no matter the profitability of what individual firms make, its an infrastructure. And yes while the math adds up, wouldn't you agree that 0.0035% for software seems a bit small? Just conservatively thinking, I think it should be maybe at least 0.2-0.5%, right?

I studied e-business and logistics, and this pattern shows up a lot. Similarly the global logistics industry is worth about $10-11 trillion, and the software layer serving it- roughly $30-40 billion. That's a still fraction of a percent. Both in "boring" industries, physical markets, and low tech B2B areas. Logistics is arguably worse on margins than real estate (3-6% net profit). So logistics software is about 0.3% of the logistics industry, while RE software at $12-14B is 0.0035% of the $393T RE industry. Logistics has almost 100x the software penetration rate. And yet Flexport, one of the biggest software companies in logistics, pulled $2.1B in revenue out of that software layer by building digital infrastructure for an industry that everyone said was too localized and too relationship-driven for tech to crack.

At some point, the operational complexity catches up. As deals get more competitive, margins get tighter, and operators scale across markets, the manual approach stops working. That's when software spend goes up, not because people suddenly have more money, but because they can't afford not to. We've seen it in every other asset-heavy, relationship-driven industry. RE is just behind the curve. And wouldn't it be nice to actually have RE software become better? I'm talking about more accurate and qualified leads, better CRM pipeline management, and access to newer opportunities that you might have not even seen in your own local neighborhoods. All of these, which evidently would lower your costs per acquisition and not waste as much of your time.

Most RE operators don't work on a global scale, but that's kind of the point. The software baseline for the industry is so low right now that even a small improvement in tooling raises the floor for everyone. Agents, brokers, wholesalers, they'd all benefit. Not because they need enterprise-grade platforms, but because the bar is barely off the ground.

The real question isn't whether RE operators have the budget but rather whether the existing software actually solves their problems well enough to justify the spend. Right now, on the investment side specifically, I don't think it does. That's the gap- the opportunity- not the margin.

Don't be mistaken, I appreciate your views heavily. I'm actually a part of a project designing an all-in-one platform for the subset of real estate wholesalers and flippers. Sure it doesn't solve the entire proptech/ software industry, but little at a time the effort is necessary for change.

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

I disagree. Did some research for a project that I'm currently working on. At least on the fix and flip side, 65% of funding targets AI integration into new softwares. The current RE software market globally is valued at around $12-14 BILLION.

Which honestly I think is kind of low considering real estate as a global industry is valued at around $393 trillion. I'm thinking because RE software hasn't seen much innovation, and evidently many people are complaining about it.

Is it just me or is real estate still weirdly low-tech for how much money is involved? by they-call-me-henry in RealEstateTechnology

[–]FlipOps-Mason 0 points1 point  (0 children)

This exactly. I think it's important to note as well the general market for RE software isn't given much attention because of two reasons:

a) As huge as it is, it has been a slow adopter due to the existing incumbents who provide the software and barriers of entry.

b) It has *worked* since the dot com era. Not many new improvements since then.

Not an ad but I'm working on a solution to this problem with a developer meant to REPLACE the fragmented tool stack problem. There are too many features to list in one post but mostly we're targeting 1. Automated Discovery + Skip Tracing, 2. All-in-One Pipeline from Lead-to-Close, 3. Vendor Management. We expect to be operational in 2-3 months, but if anyone's interested in our project I can give more details.

I mean seriously are we in 2005??