The
opportunity that I selected stems from the economic trend of increasing
investments in real estate. In an economy that has become increasingly
integrated with technology, I believe that an app that allows for effective and
efficient communication between the parties involved in the real estate market
(investors, property owners, residents, etc.) as well as management of
investments could be very beneficial. In the interviews I previously conducted
on this opportunity, many of the residents I spoke to lament the complications
that arise in communicating to their landlord. And in speaking to my uncle and
mother who are involved in the real estate business, they supported the idea of
a service that made managing investments more streamlined so that investing in
real estate can be a venture available to more individuals with less investment
experience. The app would essentially exist in multiple domains. One for managing
investments, and one for communication between all parties involved in the real
estate infrastructure. While it is still a very unrefined concept, I believe that
the combination of market growth and increasing technological integration make
it broadly appealing.
Hi Dirk,
ReplyDeleteI agree that your idea is appealing. I think this is a great idea and you seem like you know a lot about the subject, especially because you have family members in that business. I think investing is important for everyone and real estate investment especially because real estate is very lucrative today. I think this is a great idea and I can't wait to see where you go with it.