Revestor Shark Tank Update

What Is Revestor?

The Revestor is a real estate search engine and app that provides buyers and investors with information on when to buy a home and their expected returns.

Consumers and homebuyers can build trust by analyzing whether they can rent potential homes to pay their mortgage through Revestor.

Bill Lyons founded a 20-million-dollar company that specialized in mortgages and life insurance. Fortunately, the housing bubble burst in 2008, resulting in financial ruin for Bill.

Revestor Shark Tank Update

He founded Revestor, an online property search engine that allows investors, house buyers, and real estate experts to find the best investment properties.

A mortgage payment, cap rate, and cash flow are computed and compared to comparable homes.

The basic software is free, but a paid membership option allows for more granular customization based on individual properties and investments.

Lyons generates revenue from the app through advertising and premium memberships.

Company NameRevestor
EntrepreneurBill Lyons
ProductReal Estate Investment Website Using Algorithms
Investment Asking For$250,000 for 10% equity of Revestor
Final DealNo Deal
SharkNo Shark
Episode Season 4 Episode 9
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Revestor?

Billy Lyons is the founder of Revestor. His company is developing the next generation of real estate search engines. 

The company provides you with access to previously exclusively available information to investors. He is primarily developing a platform that will rival sites like Zillow.

Data from Revestor is flawed since it cannot access individual homes. Zillow is a perfect example of home valuations that are inconsistently high or cheap.

Bill provides examples of critical signs, but he cannot pinpoint what is special. Revestor has no sales to report to Shark Tank. 

He had previously established a financial services company that provided mortgages, real estate, and life insurance but was forced to close the company due to the market collapse. 

Robert Herjavec enquired why he had not created the software to forecast that.

Revestor has informed the Sharks that he will charge $99 per month for his data. He muddles his pitch by claiming to be addressing both individual buyers and investors. He believes that both clients will accept this pitch.

Revestor Before Shark Tank

Bill Lyons used to work in the financial services industry before making his Shark Tank debut in 2008.

Bill founded and led a $20 million business specializing in mortgages and life insurance a decade ago. 

It occurred before the 2008 housing bubble burst. A massive amount of money was written off when the bubble burst.

To get back on his feet, he developed a software algorithm and a website called Revestor to assist other investors like himself in investing in real estate. Now he hopes to recover fully.

Can the Sharks, particularly Barbara, recognize its potential? Let’s look at it.

How Was The Shark Tank Pitch Of Revestor?

Bill Lyons, the founder of Revestor, appeared on the Shark Tank requesting an investment of $250,000 for a 10% stake in Revestor.

Mr. Wonderful believes that real estate investors occupy a disproportionately small portion of the real estate buyer’s market. Hence, he does not think about investing.

The founder of Revestor, Bill Lyons, walks away from the Shark Tank stage without securing a deal.

Final Deal: No deal between Sharks and Bill Lyons.

What Happened To Revestor After Shark Tank?

However, Revestor is still in operation even though they did not receive a deal from Shark Tank.

There are a few thousand followers on Twitter and Facebook for Revestor’s active social media accounts.

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People can now register for a free account on the site, which allows them to search for investments across the country and keep track of their searches.

In addition to the website, there is a free Android application available. According to the Google Play store, the Revestor app has a 2.5 rating, which is less than favorable.

It is evident that Revestor still has work to do, even though he doesn’t appear to have failed.

Revestor Shark Tank Update

Revestor service has become available in more and more regions across the country since the initial launch. 

Android apps are still unavailable, and premium accounts have not been authorized yet.

Revestor has made significant gains due to its ability to target specific purchaser criteria using its advertising options.

The app is still in the development stage, but all indications point to a continuous roll-out and a fully functional product within the fourth quarter of 2013.

Lyons Securities established Griffin Funding, a mortgage company, in September of 2013. Griffin Funding is expected to generate $5 million in revenues by 2021.

However, the app is no longer available on the app store as of August 2021, and the corporate website is up and running. It is possible to use the website, but just for the broader San Diego area.

Is Revestor Still In Business?

The sharks expressed their displeasure with the application and expressed doubts about its usefulness in a very public manner. They all left the building.

When Bill left the Tank, he had the impression that he had just been through a wood chipper.

Following his involvement on the show “Shark Tank,” Bill Lyons went on to start another successful mortgage company. He was successful in raising more capital for investment in Revestor.

He revamped the Revestor website with a concentration on rental homes, and he plans to add flipping chances shortly.

He utilized both subscription and advertising models to generate income from Revestor.

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Revestor is still in business as of June 2022, with an active website and social media presence.

What Is the Net Worth Of Revestor?

The valuation of Revestor was $2.5 million when it appeared on Shark Tank. The net worth of Revestor is unavailable as of 2022.

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