For property investors who got their start long before the widespread availability of GPS technology and satellite imagery, there is a clear sense that they feel as though they may have just barely missed out on something of a golden age for property investment. A recent Ironfish review of GPS and satellite use among its investors seemed to indicate that the members of its community are well aware of the potential benefits inherent in the use of GPS and satellite technology, and many of those members reported that access to this technology has greatly enhanced their overall efficiency when it comes to quickly evaluating a property’s potential as an addition to their property investment portfolio.
In the review, Ironfish also noted that many of its community members were able to find excellent investment opportunities in rural properties they may not have otherwise considered due to the inherent inconvenience of visiting a remote location that may ultimately prove to not be worth even the least bit of consideration. In essence, property investors have been able to utilize GPS and satellite technology to expand the range in which they operate when considering a property to add to their investment property portfolio.
Of course, Ironfish cautioned that GPS and satellite technology should not be the sole determining factor used in evaluating a potential investment property. Instead, the Ironfish review seemed to indicate that these technologies are best used as a supplementary feature and simply represent a useful initial tool to help in making the decision regarding whether the property is worthy of further investigation or if it is unlikely to be worth the time or energy spent on traveling to the property for the purpose of a more up-close and detailed evaluation.