Investor · McKinney, TX · Member since 2011 · 35 posts · 9 votes
Curious to see if anyone has tried this service. I know some Realtors are repping it, and in theory it seems like a good product. I suspect the back end is very similar to the old Equity Razor software. Is anyone finding that the "deals" are legitimately worth pursuing?
I met the owner, Juan Carlos, at the REI Expo in Dallas and subscribed to the service for a few months. I found one deal using their service that I bought and rehabbed. Overall, the service is pretty good for finding decently discounted properties and would probably be best for someone looking to scoop up rentals. I decided to terminate my subscription and focus those $$ on different marketing strategies. Most of the MLS deals I received didn't have enough spread for my strategy. I have nothing bad to say about the service as I did find a deal using it and the company is very receptive to feedback, both good and bad.
I met the owner, Juan Carlos, at the REI Expo in Dallas and subscribed to the service for a few months. I found one deal using their service that I bought and rehabbed. Overall, the service is pretty good for finding decently discounted properties and would probably be best for someone looking to scoop up rentals. I decided to terminate my subscription and focus those $$ on different marketing strategies. Most of the MLS deals I received didn't have enough spread for my strategy. I have nothing bad to say about the service as I did find a deal using it and the company is very receptive to feedback, both good and bad.
The number of emails you receive really depends on the market area you select. I did Tarrant county only and probably received an average of 3-5 emails a day. Some days were heavier than others depending upon the availability of deals on the MLS.
For those that have used the service MLS DEAL FINDER, are the comps provided in the deal analysis (explained on their website as being part of the information that is emailed to the potential buyer) truly off the MLS? Since Texas is a nondisclosure state, it would be ideal to know the answer since we all know zillow, etc. do not have accurate numbers. Thanks for any input.
@Cezar D. SanduYes. I can confirm that every bit of information they provide is, in fact, legit MLS data. The comps used are actual sold properties from MLS. I have a RE license and have confirmed this. The reason they can do this is that they are brokers and part of the monthly subscription you pay goes to NTREIS for that access. It's all very professional and above board. It's a computer algorithm, so it can't always pull perfect comps, but in most areas, it does a pretty decent job.
@C.T. Robinson I have used Propelio's deal alerts with some success. Basically works the same but it also gives you direct mail lists and access to run CMA's your self.