Revestor Shark Tank Update | What Happened to Revestor after Shark Tank?
What is Revestor?
Revestor is a real estate search engine that helps purchasers and investors find the best properties to buy based on their potential returns.
It allows users to determine if a property can generate enough rental income to cover the mortgage payments, which can help them make more confident and informed decisions.
The tool was created by Billy Lyons in 2011 and its patent-pending technology helps users decrease risk and have peace of mind.
Who is the founder of Revestor?
Billy Lyons founded Revestor in 2011, after losing millions in the 2008 housing market crash.
He created the company as a tool to assist real estate investors with calculating mortgage payments, cap rates, and cash flow while also providing data on surrounding properties.
The app, which is geared towards real estate investors and agents, is free to use, but a paid membership allows for more detailed customization.
Lyons monetizes the app through advertising and premium memberships and the company is constantly updating its database.
Prior to starting Revestor, Lyons had experience in the financial services industry and had founded and maintained a $20 million mortgage and life insurance firm.
What Happened to Revestor at Shark Tank pitch?
In episode 9 of season 4 of Shark Tank, Billy Lyons pitches his real estate investing software, Revestor, to the Sharks.
He is seeking $250,000 for a 10% stake in the company, which is valued at $2.5 million.
He believes Revestor will be the best tool for real estate investors by providing fast access to information and crucial indications to assess a property’s investment potential.
Although primarily intended for investors, the software can also benefit real estate brokers and regular buyers.
However, Mark, Daymond, Barbara, Robert, and Mr. Wonderful all decline the deal due to lack of belief in the product, business strategy, and target market. Billy ultimately leaves the pitch without a deal.
What Happened to Revestor after Shark Tank?
Although the deal was not finalized on the field, more rural areas have gained access to the service. However, there is currently no Android version of the app and premium features have not yet been implemented.
Revestor has made progress in its advertising strategies, enabling real estate agents to target specific buyer demographics through the app.
The app is still in the early stages of development, but it is expected to be fully functional by the end of 2013.
In September 2013, Lyons founded a lending startup called Griffin Funding, which is projected to generate $5 million in annual sales by 2021.
The company’s website was launched in August 2021, but the app is no longer available in app stores. The website is still operational, but currently only for the larger San Diego area.
Competitors of Revestor
Revestor’s main rivals in the market include Assess+RE, Knock, AkitaBox, RealStax, and Propertybase’s Boston Logic.
Net Worth of Revestor
The company’s worth was estimated at $2.5 million during and after the pitch, and its annual sales in 2021 were $5 million, indicating an increase in the company’s net worth.
What is Revestor?
Revestor is a patent-pending real estate search engine that allows purchasers and investors to find the best houses for sale based on prospective returns.
Who is the founder?
Billy Lyons founded Revestor in 2011. Prior to that, he worked in the financial services industry. Bill founded and maintained a $20 million mortgage and life insurance firm prior to the 2008 housing meltdown.
How much was asked on Shark Tank?
Billy was asking for $250,000 for a 10% stake. That put the valuation of the company at $2.5 million.
Did he have the deal?
No, he didn’t get the deal.
Is Revestor still in business?
The company is still in business, but they haven’t released an update to the Android app.
Is there an Android app?
Yes, they have released a beta, but it’s not available for download in the Apple App Store.
Is it on Google Play?
No. There is currently no official listing or website for Revestor. The only version of Revestor seen so far on the Internet has been a private beta that was posted by one of Billy Lyons’ friends during the 2014 CES trade show.
Is Revestor safe?
The app doesn’t have any reported security flaws or problems. It’s also free, so there’s no risk of malware or malicious software.
Is Revestor a scam?
No, the app is legitimate, and it has been operating since 2011. However, there have been some issues with the customer service department not responding to specific queries.
How does Revestor work?
The app allows users to provide information about the properties they are interested in, as well as enabling them to upload photos from their smartphones.
It’s not meant for every property, but Revestor can help purchasers and investors find the best houses for sale in their price range based on specific criteria.
Where can I get Revestor in the UK?
There is no official version of Revestor in the UK. There is a private beta version available through which was featured during CES.
How is the model of Revestor?
The app makes money by selling premium memberships. It also collects personal data on users, which they can then use to target specific markets with advertising.
Does Revestor have a website?
The company has a website, but it’s unfortunately not very informative. The address is http://www.revestor.com/.
How do I join Revestor?
There is no official version of the Revestor app available for purchase on the Apple App Store, but a private beta version can be downloaded from their website.
How does Revestor make money?
The company is funded by selling premium subscriptions and by data mining their user base to target specific markets with advertising.
Do I need to pay extra charges for using Revestor?
No, there’s no cost involved in downloading the app or using the service. However, some of the features will require a subscription that costs $99 per month.
What is the net worth of Billy Lyons?
The net worth of Billy Lyons is estimated at $1.5 million.