Propelio

[Michael Spadoni]

I stumbled upon a website: Propelio. They offer MLS data as well as other sources of data and information for real estate investors. Does anyone have feedback from this company?

[Chad Benedict]

I signed up for and use Propelio but I think their comps are only limited to certain areas in Texas right now, not out of state. In Texas the only way to get access to the MLS is to be a realtor or use a service like Propelio (there are some others popping up as well to fill this niche). It may seem more expensive but when you add up all the other costs of being a realtor, and if you're doing it just to get access to comps, Propelio will come out cheaper and easier in the end. Texas is a non-disclosure state so sales data on homes isn't publicly available otherwise.

But also included in Propelio's monthly subscription are multiple lead lists that are culled from public records and sent to you every single day. That means if someone files for probate in court today, you get that lead in your email tomorrow. That alone is worth the monthly fee, in my opinion.

Chad