We get all kinds of mail at Burbed. Here’s one that asks us for some advice. Instead of our just sending our answer, wouldn’t it be awesome if we sent several responses? Our readers are a fairly high-powered bunch, so let’s go!
My name is Darren and I am a business student at <school not in the Real Bay Area>. I’m taking part in a summer business incubator program in <city not in the RBA> where students create startup companies. I believe the best businesses begin by solving a problem and I’m interested in building my business around helping real estate investors since this has always been an area of interest for me.
I was wondering if you could take a few minutes to answer some of my informational interview questions below? I am trying to determine what problems/inefficiencies real estate investors encounter that I could solve through developing a software solution.
I appreciate your help.
Darren <last name goes here>
1.) What is the biggest hassle real estate investors have to deal with?
2.) If you could wave a magic wand and change something about what you do, what would it be?
Here are our answers for Darren. What are yours?
1.) The biggest hassle for real estate investors is buying a property and subsequently discovering that it wasn’t in the RBA after all. Usually this is revealed right after the comps drop.
The second biggest hassle is when business students ask anyone running a website even remotely related to one of the topic terms to do their homework for them.
2.) What would we change? We would find a way to monetize this site using advertisers who would pay us $1000 per pageview. Also, we’d implement better email tools to direct these sort of blast requests directly to our readers who are here to help. Plus we’d give ourself super powers. No way are we letting go of this magic wand. We may throw it open to our readership to suggest how to use it on people like Darren. We’re debating between “sic a high-pressure real estate investment salesman on him” and “replace his computer with a motivational book.”
We’ll be sure Darren sees your answers. Hopefully he’ll also answer some of our questions. Our first one is “If you could be any kind of house, what kind of house would you be?”
This is also your Weekend Open Thread. Feel free to tell us what kind of Open House you’d be as well. If you could wave a magic wand and change something about the house, what would it be?