Episode Summary:
Overview of Episode 33
At first, hosts Craig Fuhr and Jack BeVier welcome Eli Fisher from Audantic on Real Investor Radio. Together, they explore how predictive modeling can drive targeted real estate investment decisions. Above all, they focus on how investors can gain an edge through refined data insights.
Shifting from Niche Lists to Broader Insights
Initially, Jack and his team relied on niche lists. However, predictive modeling offered a more precise approach. Not only does it identify potential sellers, but it also highlights the right class of investors. Consequently, it allows for a streamlined process with minimized waste.
Demographic and Socioeconomic Indicators
In addition, Eli describes how Audantic uses predictive modeling to develop seller personas based on demographic and socioeconomic data. For instance, this data enables them to find sellers with high potential to transact. Also, the insights minimize marketing inefficiencies, as shown above, by targeting the most likely sellers.
How Data Reveals Hidden Opportunities
As they have shown, predictive modeling can uncover lucrative properties with high transaction potential. For instance, Eli shares a case in Richmond, Virginia, where a property flagged by this approach later sold off-market to an investor. Clearly, this example underscores the proactive edge that this type of modeling can provide.
Predictive Modeling to Boost Efficiency
After all, predictive modeling also aids in enhancing marketing precision. By reviewing conversion rates and follow-up processes, it helps investors understand missed opportunities. For this reason, investors can direct their marketing dollars more effectively, ultimately achieving higher returns.
Competitive Edge in a Saturated Market
Although this may be true, predictive modeling is increasingly popular in the real estate investment world. Accordingly, Audantic’s model empowers investors to monitor competitors, refine strategies, and adapt marketing methods. Equally important, this approach supports sustained competitive advantages.
Conclusion: The Future Potential of Predictive Modeling in Real Estate
Eventually, predictive modeling will continue shaping how investors target opportunities. Therefore, this tool remains crucial for investors aiming to enhance decision-making.
