The waterloo-based startup, Investment Property Calculator, also called IPCOnline has launched its services for the public on Monday, February 4th. The online tool basically helps investors to evaluate properties by simplifying the analysis. Plus it also enables users to compare potential property investment via its IPCRank system. Potential buyers in Canada can use this cloud-based property analysis software to evaluate real estate before making an investment. IPCOnline is actually a reinvention of the traditional property investment calculator which investors, mortgage brokers and real estate agents can use at any time and place in order to analyze a unlimited number of properties.
According to TechVibes, “Once a user enters the property information in four steps, IPCOnline analyzes and ranks the properties based on an algorithm. IPCRank ranks each property so that investors can identify the best investment. A 20-year overview includes financial ratios to help investors make better offers and increase overall returns.”
The founder of this Canadian startup is Darryl Kraemer, a talented entrepreneur who has earned a degree in Master of Business Administration from Wilfrid Laurier University and before that he has done a bachelors in Mathematics from the University of Waterloo. Kraemer’s interest in real estate developed while he was working in various management and technology roles during which he started making investments in the property market and which eventually helped him to seize the post of president in two real estate corporations, Ivy Parker Group and The Opes Group.
Explaining IPCOnline, Kraemer said that, “I’ve spent the last 15 months developing IPCOnline as I saw a need for an easy to use tool that the investor, real estate agent, or mortgage broker can use. It enables them to quickly analyze, compare and export detailed property analysis reports. IPCOnline takes the pain out of analyzing a property by hand or with Excel.”
In addition to this, the cloud-based services also enable users to prepare a detailed report for the mortgage broker or bank, says Kraemer. On launch day IPCOnline offered an exclusive discount of 15 percent to its initial customers to get a paid subscription of the service for Monday, February 4th only along with 30 day free trial offering.
With this new calculator the evaluation of potential real estate purchases will become a lot easier than before and investors will no longer require the assistance of their real estate agents or mortgage brokers to evaluate a property for them. However, the services are just a tool and investors should do their due diligence before purchasing any real estate.
Source: TechVibes
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