Photo - Local Market Intel
play_arrow
View
37746

Local Market Intel

the first company to provide current local market growth

USA, California
Market: Real estate
Stage of the project: Idea or something is already done

Date of last change: 04.05.2019
Min investment
$  100.000
Show contacts
Total required
$ 500.000
Rating
equalizer из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

Local Market Intel is the first company to provide current local market growth data online. We are opening up a whole new category of local market intelligence. With different data, real estate professionals be more effective, help buyers and sellers, AND make more sales/profits.

Current Status

SaaS application and tech is done, we are pivoting to an API strategy. APIs will launch in May/June of 2019

Market

With over 400 beta testers & users, we are now focused on developing 4 API types. Each updated every month/quarter. According to CB Insights, the industry spent over $1.7B last year, just on data. API growth is very fast. Millions of agents with different data, be more helpful. If not, we will, and get referral fees.

Problem or Opportunity

THE PROBLEM OF ACCESS: Everybody knows its location, location, location. But Zillow doesn’t have it, nor do Realtors. To illustrate, if Starbucks, wanted to open 50 stores next wk. - How do they do it? They buy & aggregate expensive monthly data, & build their own proprietary in-house data-mapping system. Costing over $500K to build. Big players have access - investors & Realtors do not. The problem with yearly data is, it’s just not helpful in making an informed decision. It’s not enough. There is a huge Data GAP. Banks do not use ANY yearly data. Why should you?

Solution (product or service)

OUR SOLUTION: LMI is a powerful, real-time local market analytics intelligence tool. LMI is one of the most advanced tools for analyzing and crunching a large variety of economic factors that affect RE investments, for you and your clients. No software to buy, no programmers to hire, and no huge ongoing data costs to keep your data fresh.
Let’s say a client wants to know where in CA are the top local markets, that have the highest growth in disposable income, & median incomes of over $175K, to build their luxury homes. You could drive around from Redding to San Diego. A better way - Select Pro Yearly Data, CA, Median Income, Over $175,000 - To set Condition 1. Next, Select Mo./Qu. Growth Data, for Disposable Income, based upon the last 12-Months growth, to set Condition 2. Export your list. Add links to identify each area. Then add to your custom reports, and other media. That’s Powerful. That’s the power of LMI.

Competitors

We have lots of competitors. ONLY Growth Maps delivers the leading indicators - the latest demographics and economics and local forecasts. No competitor offers a web-based product to help professionals make real-time, location-based decisions, based upon the latest local growth and local forecasts. Thus there is a huge opportunity for new products, innovation, and collaboration.

Advantages or differentiators

WHY NO ONE HAS DONE THIS BEFORE: It is very hard to develop, and takes a lot of custom coding. The data is not free, and you cannot pull the data from any vendor or website. It takes a lot of time, many years, and a huge financial investment to build dynamic customizable real-time data-maps, with block group forecasting models. Currently this technology does not exist on the web.

WHY US AND WHO I AM: Bought and sold over 40 properties, and been licensed in 4 states.
Built accurate AVMs or Automatic Valuation Models. Build FVMs or Future Value Models, with an accuracy of ±2% at the City Block level. After many years of testing, I discovered how to build price forecasting models. I’ve tested dozens of data vendors, costing over $500,000 in data, and testing to see which variables has influence on future prices and risk, to get our accuracy of ±2%.

Finance

We are seeking $500,000 in seed funding - to build our APIs, partnerships, & growth. So everybody can access - not just the big boys. What do you think about an innovation with different data AND adds value?

Business model

We have a API business model. Our initial target markets are CRE Professionals and Investors. Growth Maps is an unparalleled blend of driven location intelligence and next generation GIS technology designed for ALL commercial RE professionals including brokers, investors, developers and growing retail brands of all industries. We are on the cloud, so we can very easily integrate our data and technology into any website or portal.

Money will be spent on

We are seeking $500K seed funding - to build are APIs, partnerships, and growth. To refine the data, so everyone can access - not just the big boys and players. What do you think about a solution that offers better data AND technology?

Offer for investor

What do you think about a solution that offers better data AND technology? TBD

Team or Management

Risks

real estate is risky because of lots of unknowns. That's why we are pivoting to the API, so for once everyone can access the right and most current data.

Incubation/Acceleration programs accomplishment

Been in a few accelerators.

Won the competition and other awards

I have won 3 pitch awards. At Meetups and at university events.

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility213
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video