Introducing the greatest real estate tool ever invented for investors and agents, PropStream. It's the most comprehensive data aggregator combining every bit of commercial available residential, United States, real estate information into one, easy to use online software system. It also has a SkipTracing feature so you can literally email and voicemail blast any lists you want. It's rehab calculator is the best in the industry. And it does so much more. Plus, you can get a free 7 day trial to test it and see for yourself if its as good as we say it is:
I'm going to share with you why I think PropStream is the greatest real estate tool I've ever seen for agents and investors. That's a bold statement coming from me, as I don't typically do endorsements. It's literally going to become an indispensable tool for you and make a huge impact in your real estate investing or agency work going forward.
When Rob, the owner of PropStream contacted me suggesting that his software might be useful to me and my apprentices, I was a bit sceptical. After doing some digging, I realized he was doing things that no other system has ever done before. His software is aggregating data from every major data compiler that's available. So, I agreed to a free trial to test it out for a month. After three days of using it, I had to call him to tell him how epic it was. For the first time in my investing career, I have a full picture of every property I'm looking up and it's instantaneous.
3 Reasons Why PropStream is the Greatest Real Estate Tool Ever
1. PropStream is a Data Aggregator
A data aggregator brings together all kinds of information from different places. This is not a new concept, there are other data aggregators out there. The difference is PropStream brings together all the different data aggregators, gathering the records together in a way that I've never seen before.
When you type in an address, up pops all the information that you need. It includes who the owner is, tax records, mortgage information, and any liens against the property. It also includes information about HOA, and divorce and bankruptcy court, which I've never seen pulled together before. That makes a huge difference for investors and agents who need to know if that seller's in bankruptcy or just filed for divorce. It even pulls together the MLS data.
Being able to find out so much more about a property enables you can make better investing decisions. For myself and my apprentices, I want the advantage of knowing more about the property than the seller or any other investor. The more data you have, the better you can negotiate, which makes you more money.
2. PropStream Has the Best Rehab Calculator
I have a video about what not to say to contractors. In it I make the point that it's difficult to set a baseline on what something should cost to get fixed or renovated. PropStream’s rehab calculator is not their own calculator, but it’s integrated into the software. It’s the same as what insurance companies use after natural disasters like hurricanes to ensure that contractors aren't trying to take advantage of them when doing repairs. I love this.
Obviously, if you have a rehab calculator it’s going to make your life easier. It's very granular all the way down to adjusting labor costs depending on the area and whether you're using high-or-low-end quality materials. This is what I consider to be the best calculator for rehab costs.
3. PropStream is the Greatest Tool in Real Estate for Search Functions and Skip Tracing
Because PropStream aggregates all that data, you can search what U.S. residential properties are going into pre-foreclosure within a certain radius of your house. This is great, however that knowledge alone doesn't really help us all that much. Zillow can do that for free.
This software also compiles all the email records and phone numbers for the homeowners. It takes the owner's name and address and syncs that with any available emails and phone numbers that exist. It has a Skip Tracing Feature as well, which allows you to generate a pre-foreclosure list. Rather than having to go knock on doors or sending direct mail, which has about a 2% response rate, you can email and call blast them. To get around robocalling, what it does is go straight to voicemail. This gives you a leg up on reaching those kinds of list.
The Impact on Wholesaling
I'm going to give you an example of where this can play a key role. This could completely change the way wholesaling is done. The PropStream system allows you to search by cash buyers or non-owner occupants.
You can search all the cash buyers within a 10-mile radius around a property that you want to wholesale. Then you can blast an email and voicemail to all those buyers for the deal you're trying to flip. That's never been able to be done in the history of this industry. Now you may not even have to rely on the MLS, or on bandit signs, or that awful dreaded experience of building a buyers list.
How Effective is it?
Our tests are showing that the accuracy varies depending on the list. Not all email addresses are going to be correct and some of those emails might go to spam. Also, some of the voicemails may not get there. Let’s speculate that you get 10% effectiveness. That is literally five times better than direct mail.
Watch my video above where I demonstrate how the software works. I will highlight:
- Property Details
- HOA Details
- Mortgage Information
- Pre-foreclosure Details
- MLS Data
- Estimated Value
- Tax Information
- Transaction History
- Market Status
- Rent Calculator
- Mortgage Balance
- Features of the Rehab Calculator
- Creating Specific Searches
I'm making sure that all my apprentices have access to PropStream because it makes all the difference in the world in making the best decisions. Can you believe the kind of power we have as real estate investors to make great decisions? Unfortunately, this is just for residential property in the United States. Now you know what the big boys are playing with. These are the kind of tools that we're using to be able to get a leg up when doing deals.
Click the link at the top of the page for a seven-day free trial/$97 per month. That's how I dipped my toe in the water, and I can't live without it anymore.