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Meet the Luxury Leaders | October 19-20 | Beverly Hills

Real estate startup Flipt has taken its investment-focused real estate search site down after receiving a cease-and-desist letter from portal giant Zillow alleging improper use of its data, GeekWire reported.Flipt launched its site earlier this month with the aim of making it easy for real estate investors to evaluate the moneymaking potential of single-family homes nationwide through algorithm-based investment scores.At the time, Flipt told Inman News its database was populated by listings from a handful of aggregators.Andrey Nokhrin, CEO of Flipt parent company BuildersCloud, now says the company was having trouble obtaining real estate data and therefore devised a "quick hack" -- which he characterized as similar to what “Bing does to index sites” -- so that Flipt co...