Development Capital Corp (OTCBB: DLPM; http://www.developmentcapital.com/, the "Company") is pleased to announce it is now offering public access to its private beta version of the RealtyValuator (RV) app. This app is the Company's first in-house developed application for analyzing foreclosure auctions. RV uses 'big data' to offer users insights into real estate auctions and calculations of rental rates and valuations. This data assists prospective real estate investors in evaluating their potential return rates before they invest in residential units.
Also, RV allows prospective real estate investors to search for available properties within a specific region in real-time. Real estate investors will be able to accurately assess the variance between the list price and property valuation. Users will be enabled to forecast various cost & return rate scenarios associated with purchasing, renovating, and leasing each property based on current market data. Ultimately, RV gives a real estate investors similar or better tools than what current real-estate investment firms are using to analyze the market. This release will initially only be applicable to the Florida market, however the Company plans to expand into other states.
REALTYVALUATOR'S FEATURES
- Customizable selection of real estate zones
- Comprehensive housing data
- Tools for analysis
- Local foreclosure information and rental rates
- Property updates and alerts
- Outstanding loan amounts and position on foreclosure properties
- Default amounts, auction updates, owner names and lender names
- Sales history and property characteristics for twenty-two counties in Florida
- Judgement information along with the case number
Joseph Ricard, President of DLPM and the developer of RealtyValuator.com, said of the application's launch, "the Company recently completed its first financing of over $600,000, and now we're launching access to the beta version of RealtyValuator. Two great milestones for the company. RV is our first web based application and was developed completely in-house. RV is a tool that gives real estate investors an edge in the foreclosure market. People will use it to streamline the research and buying process to help find profitable scenarios in the rental space." Ricard has great insight into the value of the application stating, "the app was originally developed as a tool for my own use to find amazing deals in the market that could make me over 20% a year on investment. The launch of this application fits into the Company's business model of developing and acquiring web based technologies that will create a portfolio of profitable products with low operational costs for the Company."
Sign up for access to the BETA at ReatlyValuator.com
About Development Capital Group, Inc.
Development Capital Group, Inc. (OTC: DLPM) develops businesses and technologies with significant potential for growth and customer acquisition. The Company analyzes market trends seeking opportunities to develop innovative technologies that capitalize on antiquated or under-serviced sectors. Our first internal application RealtyValuator.com is currently in private beta analyzing real estate auction data in Florida.
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For more information visit DevelopmentCapital.com
For further information please contact:
Development Capital Group, Inc.
6815 Biscayne Blvd, Suite 419
Miami, FL 33138
http://www.developmentcapital.com/
Investor Relations:
+1-800-305-7090
[email protected]
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This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect the Company's financial results are included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.