Aside from marketing, one of the most essential things for real estate investors to evaluate is whether a certain property or a group of properties qualifies as a bargain or not.
This is particularly true for wholesale real estate investors that are actively involved in the market.
There are a number of tools available on the real estate market that may assist real estate investors not only with market research and locating the best bargains but also with certain marketing chores.
PropStream real estate software is one such tool for real estate investors.
If you’re been searching for a real estate investing software to help you grow your house flipping, wholesaling, brokerage, or investing business, Propstream may be for you.
Propstream is a helpful tool for property managers to maximize profits for property owners.
PropStream real estate software has received a lot of attention from investors in recent months, and it has quickly become one of the most popular tools for both virtual real estate investors and local property experts.
This review will go over Propstream to see if it really is the best real estate course out there.
You’ll learn whether real estate is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding Propstream and real estate in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off real estate for good because it uses some of the same skills but in a much more powerful and profitable way!
PropStream offers many features that address the needs of real estate investors, real estate brokers, and real estate agents that need to study and evaluate huge quantities of market property data and market based on this knowledge.
It is a fair estimate to say that 80% of the features aid investors with market data and the other 20% provides marketing tools such as postcards, email campaigns, website landing pages, and voice mail campaigns.
While at first sight, it seems to benefit investors, real estate brokers, and real estate agents equally, it is believed to help real estate investors somewhat more.
Because PropStream uses a large quantity of data, real estate investors can quickly discover and analyze investment opportunities.
If you are a property manager, or work in retail, as most realtors, and brokers do, this may not be of much interest to you.
Making informed decisions necessitates the availability of relevant facts.
PropStream’s nationwide property search data is collected from county registries, MLS records, and private data sources, providing you with access to the most comprehensive and accurate database of over 153 million properties accessible.
Search for almost any property address throughout the nation to get the information you need.
PropStream provides comprehensive information such as Ownership Information, Details on Property, Mortgage History, Tax Information, MLS Details, neighboring Comps, and much more.
PropStream lets you search for a property by address, assessor parcel number (APN), or geo search on the map:
PropStream enables you to generate targeted leads and marketing lists in real-time by combining any combination of 120+ property search criteria and statuses.
Choosing a property and searching the sales records for cash buyers is one of the advantages of Propstream
Accurate comparable sales (comps) are essential for establishing a property’s actual worth.
PropStream offers up-to-date comps from public records and local MLSs to assist you in obtaining the most recent and accurate comp value possible. Nothing should be left to chance.
Using PropStream’s enhanced filters and drawing tools, you may pinpoint certain neighborhoods and compare properties, such as:
What should you do once you’ve discovered a prospective property?
PropStream makes it simple to contact the property owner directly, helping you to close more deals more quickly.
For fast and easy communication, the built-in Skip Tracing function gives homeowner phone numbers and emails.
Do you like to send a postcard? They’ve got your back. Their accurate owner mailing addresses, as well as their built-in postcard function, let you get in front of your prospects fast.
Managing your lead lists takes time. Furthermore, marketing to outdated leads may be very expensive.
PropStream’s List Automator feature does the heavy lifting for you.
Automating your lists guarantees that they are cleansed for correctness, saving you time and money so you can focus on closing sales.
List Automator will automatically add new leads that meet your search parameters while deleting leads that no longer do, ensuring the accuracy and currency of your list.
Do you have an outdated list that needs to be improved?
PropStream will add the most up-to-date information to lists you received from other services.
Simply import your lists, and PropStream will automatically update your lists with the most recent information on a daily basis.
The built-in Marketing tool in PropStream enables you to quickly connect with owners and create investment-ready leads.
You may use built-in postcard generators, email systems, and other tools to target your lists.
Having a team allows you to do more in less time. PropStream lets you add Team Members to help you with day-to-day activities like creating lists, assessing properties, running comps, and more.
A Team Member may be anybody such as a coworker or a virtual assistant (VA).
Once you’ve added a Team Member, you may restrict their access to just what you want them to see. PropStream allows you to communicate with your team by enabling you to do the following:
Is the idea of calculating rehab costs on a prospective property intimidating?
The PropStream Rehab Estimator tool takes the guesswork out of the equation and makes it simple, all while assisting you in better understanding the project before you buy it.
Simply choose a project category (bathroom, kitchen, etc.), type of project, and material quality, and the Rehab Estimator will provide you with projected labor and material costs for that area.
If you want extensive details on the transaction and investment process of a specific deal, the Property Deal Analyzer tool is for you.
It helps in the computation of the following deal figures:
It also provides a market summary of local rental price trends, neighboring property sales prices, popular house features and trends, and overall market performance in your preferred area.
Imagine having all of your real estate information in the palm of your hand. When you’re out in the field or driving for money, you can now use your phone or tablet to access the power of PropStream.
Get all of the same excellent features, such as Property Details, Owner Contact Information, and Comps, or just set the app to Drive and let PropStream Mobile do the job.
Find a property while driving – use your phone to perform a Skip Trace and send a Postcard. You may use the PropStream mobile app to access:
Assume you’re searching for distressed properties in Miami.
Simply go to the search bar in the top section of PropStream and put in “Miami,” and PropStream will show all kinds of properties in this area.
They will be automatically classified as MLS listings, pre-foreclosures, auctions, foreclosures, cash buyers, liens, vacant properties, and high equity properties.
To locate distressed properties, search under the category “liens” (properties with liens) since there isn’t as much competition as there is for pre-foreclosure properties.
Layering the various categories is another option.
For example, as the first search filter, select vacant properties, then add another filter such as tax liens, and finally add high equity as the last filter (e.g. 60% equity).
This option will only show you real estate properties that are first vacant, have tax liens, and have at least 60% equity.
This allows you to limit your search and obtain a good selection of distressed properties.
When you click on one of the search results, you will be taken to a comprehensive look at the property, where you can see, for example, the projected equity, monthly rent, mortgage balance, and liens amount in the “Opportunity” box (one of the most significant sections).
By using more filters, you may conduct even more advanced types of searches for distressed properties.
For example, you may instruct the search filter to locate a property with a lien that is for a single-family, that is not on the market, that is individually owned, and that currently has a tax lien of $15,000 or more against the property while also having a specific level of equity in it.
Unfortunately, PopStream pricing is not readily available. You can only view PropStream cost if you sign up for the 7-day free trial.
After you join up, you must also submit your payment information so that when the 7-day free trial period ends, you will be charged automatically.
You may, of course, terminate the trial before it expires.
There is just one monthly membership option available, which costs $99 for every 10,000 stored properties.
The Propstream pricing for a monthly subscription includes the following items:
Yes, You can!
There’s a lot that comes along with real estate that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money for real estate investors, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money really does become second nature.
PropStream is definitely a legitimate business.
It is entirely possible to build a profitable, successful real estate business… But there are better ways to build a business other than with real estate.
Our #1 pick proves this. Because, unlike PropStream, it actually provides real proof of real success from real people as recently as a few days ago.
PropStream has an official Facebook Page where its customers can leave reviews and comments.
Out of the 27 PropStream reviews on their Facebook Page, they received an average rating of 4.1 stars (5 being the highest).
“PropStream is fantastic in and of itself, however the support and assistance center is terrible. I’ve spent tens of thousands of dollars with PropStream and I can’t seem to receive any help with anything other than their basic how- to’s.
This is just one of many instances, but I have over $200 worth of lists that I skip traced 2 weeks ago, but the lists aren’t showing up in my account. I’ve contacted support three times already to check into it and restore it. Not only have they not done it, but I haven’t received a SINGLE RESPONSE after their initial one instructing me where to search for lists “as if I’m brand new to this and haven’t skip traced 100 lists with them before SMH.”
Will not reply to my cancellation emails. Any company that does not reply to emails/customers for any reason receives a one-star rating out of five.
So, is PropStream going to add value to your real estate investing business?
That is dependent on the situation.
If you’re a new real estate investor, being able to get fresh seller leads before your competitor does, run your own comparisons, and do critical calculations in the program may help you grow your book of business.
This platform is designed for both new and seasoned investors. This real estate tool is very helpful if you are a real estate investor who buys and sells homes throughout the country.
An exact rehab calculation, integrated skip tracking tools, ringless voicemails, and many other features stand out. Any serious investor should have this real estate tool in their arsenal.
Where these Real Estate Crowdfunding investments fall short is in scalability.
Because in order to make a good amount of money with real estate, you have to own several different houses.
And who has that kind of capital to start?
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional digital real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the Real Estate Crowdfunding Investment group in our opinion. This group is much more active.
Unlike Propstream, where you’re profiting maybe $250 per property, you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%.
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real