Friday, March 9, 2018

HomeUnion Targets Real Estate Investors With New Tool

Irvine-based HomeUnion, a startup focused on online residential real estate investing, said on Thursday that it has launched a new tool it bills Investimate, which estimates the potential of any house based on its investment value. According to HomeUnion, the company's software uses AI and machine learning to predict a product's investment value, using price, rent, and operating expenses. Although a great idea, HomeUnion's tool failed to produce values for several addresses in Southern California in a check across several computers and browers Friday morning; it's unclear if the company's systems were down, if the tool is not yet available to the public, or there was a bug that caused the company's software to fail. An attempt to contact the company's online support found that there was no one able to provide support at the time this article was written. HomeUnion's CEO is Don Ganguly.