What if you could swipe through investment properties the same way you swipe through dating apps? That’s exactly what RealSwipe does – and it’s solving one of the biggest headaches real estate investors face.
The platform was created by Saqib Dareshani, a computer engineer who’s also been investing in real estate for 16 years. He got tired of the same problem every investor deals with: you see a property listing, but there are no numbers to tell you if it’s actually a good deal.
The Problem With Traditional Property Searches
Here’s what usually happens when you search for investment properties on MLS or other listing sites:
You find a 24-unit building. It has a price. Maybe some photos. Basic details like the address and year it was built. But that’s about it.
Want to know if it’s a good investment? You’re on your own.
You can’t see the income. You don’t know the expenses. There’s no cap rate. No way to tell if the asking price makes any sense.
So you have two choices: call the realtor and hope they have answers, or skip it and move on. Neither option is great.
Why This Wastes Everyone’s Time
Most investors don’t have time to call about every single property. And even when you do call, the realtor might not have the financial details. Sometimes the numbers in listings aren’t even accurate.
This means you miss out on good deals because you couldn’t quickly figure out if they were worth pursuing. Or you waste hours chasing properties that were never going to work.
What RealSwipe Actually Does
RealSwipe pulls together 224,000 properties from multiple sources – MLS listings, off-market deals, foreclosures, and more. But here’s the game changer: it automatically runs the numbers for you.
Before you contact anyone, you get:
- Projected rental income based on market rents in that area
- Estimated operating expenses
- Net operating income (NOI)
- Cap Rate calculations
- A complete pro forma showing what the property could generate
This is what Saqib calls “napkin math” – the quick calculation you need to decide if a property is worth your time.
How It Works In Practice
You set up what’s called a “buy box” – your specific criteria. Maybe you want properties in Houston with at least an 8% Cap Rate, built after a certain year, in a particular price range.
When properties matching your criteria hit the market, you get notified. You can immediately see the financial projections and decide if you want to reach out to the realtor.
Once you’ve found a property with a strong cap rate and solid NOI projections, the next step is financing — book a free strategy call with LendCity and we’ll tell you exactly what you can qualify for.
Real Example: Saqib’s First Deal
Saqib’s first investment property shows exactly why having the numbers matters.
He bought a fourplex for $375,000. It had a 10% cap rate, which caught his attention immediately. But he saw more potential.
The building was full of student tenants paying below-market rents. Instead of forcing everyone out to renovate, he waited for natural turnover. As students moved out throughout the year, he renovated each unit and bumped up the rent.
Within one year, he’d renovated the entire building. The results:
- Net operating income for loan approval jumped 50%
- Property value increased to $675,000
- Current value is now $1,000,000
That’s the power of knowing the numbers before you buy. He could see the gap between current rents and market rents, and he had a plan to capture that value. Once you’ve identified a strong deal through RealSwipe’s analysis, the next step is securing multi-family mortgage financing that supports your cash flow projections.
Built For Small And Medium Investors
Here’s what makes RealSwipe different from other real estate platforms – it’s built by an investor, for investors.
Saqib is the target customer. He owns duplexes, a five-unit building, a seven-unit building, and more. He knows what information matters when you’re analyzing a deal.
A venture capital firm in California wants RealSwipe to expand to serve big institutional investors. But Saqib is focused on keeping it useful for regular investors who are building their portfolios property by property.
Realtors Love It Too
One realtor recorded a testimonial saying: “What took me hours now takes me minutes, thanks to RealSwipe.”
Think about it from their perspective. Instead of spending hours pulling together comps, researching market rents, and building analysis spreadsheets, they can generate a complete property report in minutes.
They can send better information to their investor clients. They look more professional. And the investors who contact them through RealSwipe are serious and already interested in specific properties.
Saqib turned a $375,000 fourplex into a million-dollar asset by knowing the numbers first — book a free strategy call with us and we’ll help you analyze the financing side of your next deal.
Going International
RealSwipe isn’t just for Canadian and US properties. The platform has partners bringing in deals from Mexico, Dubai, and soon Singapore.
The interesting part is how they handle different markets. Dubai, for example, typically uses “rent yield” instead of cap rates. RealSwipe converts everything to familiar metrics so you can compare a property in Dubai to one in Toronto or Houston using the same numbers.
This creates what Saqib calls a “level playing field” – you can evaluate opportunities anywhere in the world using consistent financial analysis.
Why International Matters
If all your Equity is tied up in one city or country, it’s hard to Diversifying Your Real Estate Portfolio in Canada. You might have better opportunities elsewhere, but researching foreign markets is overwhelming.
RealSwipe makes it possible to browse international properties as easily as local ones. Same interface, same financial analysis, just different locations.
More Than Just Listings
RealSwipe is adding features that go way beyond property search:
CRM Integration: The platform connects with customer relationship management systems to help you track deals, manage contacts, and follow up systematically. They’ll even help you set it up as part of your subscription.
AI Voice Agents: Automated calling systems that can handle initial contact with sellers, screen leads, and manage follow-ups.
Auto Responders: Automated emails and texts that keep deals moving forward without you manually responding to everything.
Saqib’s philosophy is simple: successful real estate investing comes from having a pipeline of deals and analyzing properties the right way and a system to manage them. RealSwipe is building tools to make that easier.
The Bigger Picture
Behind the Tinder jokes and swipe interface, there’s a serious goal: getting more investors active in real estate to help address the housing shortage.
More investors means more capital flowing into real estate. More capital means more development. More development means more housing supply. More supply eventually helps stabilize prices.
By making real estate investing simpler and more accessible, RealSwipe aims to increase participation. The gamification and fun branding aren’t just marketing – they’re about making investing less intimidating for people who might otherwise never start.
The Bottom Line
RealSwipe solves a real problem: you can’t make smart investment decisions without financial data, and most property listings don’t give you that data.
By automatically generating pro forma projections for hundreds of thousands of properties, the platform lets you quickly separate promising deals from time-wasters.
You get the numbers first, then decide who to call. When you’re ready to finance your next deal, connect with the right mortgage team. Not the other way around.
That simple shift saves hours of research time and helps you spot opportunities other investors might miss because they couldn’t quickly evaluate the potential.
Frequently Asked Questions
How does RealSwipe calculate cap rates for properties?
Is RealSwipe only for experienced investors?
How accurate are the financial projections on RealSwipe?
Can I search for properties in the US and Canada?
Do realtors have access to RealSwipe too?
What's included in a RealSwipe pro forma?
How do I get notified about new properties that match my criteria?
Does RealSwipe help with managing deals after I find them?
Disclaimer: LendCity Mortgages is a licensed mortgage brokerage, and our team includes experienced real estate investors. While we are qualified to provide mortgage-related guidance, the broader financial, tax, and legal information in this article is provided for educational purposes only and does not constitute financial planning, tax, or legal advice. For matters outside mortgage financing, we recommend consulting a Chartered Professional Accountant (CPA), licensed financial planner, or qualified legal advisor.
Written by
LendCity
Published
December 22, 2025
Reading Time
7 min read
Cap Rate
Capitalization Rate - the ratio of a property's net operating income (NOI) to its current market value or purchase price. A 6% cap rate means the property generates $60,000 NOI annually on a $1,000,000 value. Used to compare investment properties regardless of financing.
Equity
The difference between a property's current market value and the remaining mortgage balance. If your home is worth $500,000 and you owe $300,000, you have $200,000 in equity. Equity builds through mortgage payments, appreciation, and property improvements.
NOI
Net Operating Income - the total income a property generates minus all operating expenses, but before mortgage payments and income taxes. Calculated as gross rental income minus vacancies, property taxes, insurance, maintenance, and property management fees.
Cash Flow
The money left over after collecting rent and paying all expenses including mortgage, taxes, insurance, maintenance, and property management.
Market Value
The estimated price a property would sell for on the open market under normal conditions. Determined by comparable sales, location, condition, and market demand.
Due Diligence
The comprehensive investigation and analysis of a property before purchase, including financial review, physical inspection, title search, and market analysis.
Value-Add Property
A property with potential to increase value through renovations, better management, rent increases, or adding units.
Turnover
The process and cost of preparing a rental unit for a new tenant after the previous tenant moves out, including cleaning, repairs, marketing, and vacancy time. High turnover rates significantly reduce profitability through lost rent and preparation expenses.
Market Rent
The rental rate that a property could reasonably command in the current market based on comparable properties, location, and condition. Understanding market rent is essential to maximize income while maintaining competitive positioning and minimizing vacancy.
Rental Income
Revenue generated from tenants paying rent on an investment property. Gross rental income is the total collected before expenses, while net rental income subtracts operating costs to show actual profitability.
Fourplex
A residential property containing four separate dwelling units. Fourplexes represent the largest property type that typically qualifies for residential mortgage financing, offering strong cash flow potential while avoiding commercial lending requirements.
Operating Expenses
The ongoing costs of running a rental property, including property taxes, insurance, maintenance, property management fees, utilities, and repairs. Subtracting operating expenses from gross rental income yields the net operating income.
Comparable Properties
Similar properties in the same market area used to establish fair market value or rental rates through comparison of features, location, condition, and recent sale or rental prices. Analyzing comps is essential when determining offer prices and setting competitive rents.
Pro Forma
A projected financial statement for an investment property showing expected income, expenses, and returns. Pro formas are used to evaluate potential acquisitions and are required by many commercial lenders during underwriting.
MLS
Multiple Listing Service - a database used by licensed real estate agents to list properties for sale, providing standardized property information, photos, and pricing. Investors also use off-market strategies to find deals not listed on the MLS.
Real Estate Agent
A licensed professional who represents buyers or sellers in real estate transactions, providing market expertise, negotiation skills, and access to the MLS. Working with an investor-friendly agent who understands rental property analysis and financing strategies can significantly impact deal quality.
Hover over terms to see definitions, or visit our glossary for the full list.