By creating a hotlist everyday, and sending it out to investors, Scott was able to aggregate the data everyday from the MLS, and cut his time down dramatically, but it wasn’t enough. Different clients need different things, and it was difficult to
spend the time to analyze every single property in every single neighborhood in order to get his clients the information they needed to make an informed investment decision.
Scott was the linchpin for his investors finding and analyzing deals. He was spending all his time on the MLS, and not enough time writing offers and actually closing deals.
Scott decided to enlist the help of technology, and Privy was born. Scott was able to create software that automatically analyzes the spread on each property, pulls investor comps within predefined boundaries, and creates a LiveCMA™. The deals were now appearing in an easy to understand visual manner, and Scott no longer had to spend hours searching through every new property that hit the market.
Instead of hours, Scott was able to get his investors what they needed in minutes. He had dramatically freed up his time to focus on what matters.
Now, instead of Scott sending his clients deals and seeing if they were interested, it was the other way around. Clients are now going through the data themselves and sending Scott the deals they were most interested in. Scott was spending his time writing offers, and going to closings, instead of finding deals.
New investors can struggle to find deals. They don’t know the neighborhoods. They not only need a realtor to find deals, but also to educate them on the market and the process. All of a sudden, Scott’s new clients were empowered to learn for themselves, because all the data they needed was at their fingertips.
With the introduction of Privy, new and seasoned investors alike were sending Scott deals
to write on instead of the other way around. And instead of his investors plugging the property into some spreadsheet given to them by a “Guru”, they had real data, were making better decisions, and finding more properties that fit their criteria.
Investors could also follow a deal from the MLS to rehab to resale and see how the process really works, including timelines, spreads, and finishes.
New investors were no longer paralyzed. Experienced investors were closing more deals in less time.
Scott was a lot happier, and so were his clients. Scott realized he couldn’t keep this to himself, and the first public version of Privy was released in 2012. Let’s just say, the market was happy that he decided to share the love.
There's never enough hours in the day when looking for a fix and flip. Privy gives me at least 2 hours of that time back daily.
Founder and Managing Partner
Passionate about investment real estate, the outdoors and building amazing software.
Current City - Denver, CO
Operations and business development
Hiker and real estate enthusiast
Current City – Denver, CO
Skier, hiker, baseball coach, basketball coach and father of four
Likely current location: somewhere outdoors
Solutions Architect, Sales and Marketing Strategist, and Designer
Kayak angler and outdoor enthusiast
Likely current location: by water
Hails from - Kokomo, Indiana
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