This is where we talk about the best personal finance and real estate articles across the web.
Do you have any suggestions for next week's roundup? Comment below.
Tech Companies Reshaping Commercial Real Estate
This is pretty cool! I've always loved technology. In fact my first major in college was computer science. Fortunately, I worked my way through several majors before settling on Economics, which helped launch my life in real estate!
One thing about commercial real estate is how it's one of the few industries that barely changes. People have been doing things the same way for decades and technology has barely had an impact.
With that said, there are a lot of companies that are adopting some technology to grow and adapt to the market and gain a competitive edge.
This article outlines some of the key technology players in this space
Zillow Will Rule Everything
OK, that's my title, not theirs, but it's what I took away from the article.
Basically, Zillow got into mortgages. Then it got into house flipping.
Now it wants to expand that and will probably end up dominating the market because of its massive data advantage.
In other words, Zillow will buy houses that it knows has a massive demand behind it. Then it will flip them to their pool of buyers.
Think about it this way. When people search Zillow, they create a history of searches and criteria. Additionally, they can request notifications when properties that fit their criteria gets listed.
So, they know exactly how many people are shopping in a given area and they know exactly what kind of properties they want to buy.
No house flipper could ever compete with that sort of data advantage, and no other online platform can either.
More Options vs More Money
I've recently struggled with this question, so I love that Chad decided to write about it.
In a nutshell, you can choose to pursue more money, or you can pursue more options. Chad, from early on, chose a path where he had more options and flexibility.
He outsourced work to third parties instead of taking on employees. He had old cars and fixer uppers for homes.
Then, when the time was right, he was able to live abroad for 18 months and manage everything remotely.
It was truly amazing!
But, he passed up a lot of growth opportunities in real estate. He could have far more money now if he opted to do more deals, take on investors, etc.
He seemed more laser focused on what he wanted. For me, I want a life of choices and freedom (which I pretty much have) but I also want to send my kids to the best schools and have nice things.
So, I'm often torn between the money and freedom choice.
I try to earn more money while maintaining my freedom. It's hard to do that and growth is sometimes frustrating and slower than I'd like.
Regardless, this is a great article and gets you thinking!