Launch HN: Lofty AI (YC S19) – Real estate investment with alternative data
Hi Hacker News Community, My name is Jerry, and I’m one co-founders for Lofty AI ( https://www.lofty.ai/ ). We use machine learning to help identify homes where values are likely to appreciate, and we help home buyers buy them. People can partner up with us to buy a recommended property. If they do, we are willing to cover any potential losses on the property. In exchange, the buyer agrees to share some of the future profit on the home with us. The agreement lasts 3 years. Before starting this company, my co-founder and I had tried to invest in homes. However, we quickly got tired of realtors telling us to make offers based on very little data. We wanted to figure out a way to buy affordable homes that had the highest growth potential via a data driven approach. We realized there was a wealth of new alternative data out there, which could be used to predict both neighborho
Why it failed
Hi Hacker News Community, My name is Jerry, and I’m one co-founders for Lofty AI ( https://www.lofty.ai/ ). We use machine learning to help identify homes where values are likely to appreciate, and we help home buyers buy them. People can partner up with us to buy
- Kind
- startup
- Status
- Shut down
- Inventor
- loftyai
- Ended
- 2019
- Source
- hackernews