The Flexible Real Estate investor's Evaluation and Decision support system with Optimal Methodology
Abstract
Today's real estate market provides excellent opportunities for the low-level investor to obtain sound properties at below-market values. Through this vehicle, investors can increase their net worth and thereby gain financial freedom. In order to make informed decisions on which properties to buy and how to buy them, the inexperienced investor needs the appropriate knowledge and tools. FREEDOM, the Flexible Real Estate investor's Evaluation and Decision support system with Optimal Methodology, will fill this need.
FREEDOM will perform various financial analysis' of properties and will provide numerical evaluations to aid in decision making. From the information produced by these different evaluation options, FREEDOM will output a variety of reports and graphics. Inputs, in the form of current and historical, sale and rental, property listings will be placed into FREEDOM via input panels. FREEDOM will also keep track of the investor's portfolio and will perform various current and prediction net worth analysis.
FREEDOM will be a relatively unstructured decision support system designed using conventional system engineering concepts, to include the seven step system development life cycle, modular design. logical subsystems and data flow diagrams. It will be designed for future expandability and flexibility. FREEDOM will encompass all aspects of a traditional system: the human, hardware, software and data. The results of this system will be to provide the low-level investor with a set of tools to increase his knowledge and aid in his decision making.