Wholesale Real Estate Software

[Matt Graves]

Hello all!

I'm very new in the Wholesale side of the house. It seems most things are difficult WITHOUT an REI software like PropStream or Propelio. Is it worth it just to pay the $97 a month for PropStream or just do my individual research for comps, absentee owner, tax delinquent etc?

[Barry Pekin]

@Matt Graves,

PropStream is 100% worth it.  I use it for identifying prospective properties and doing my initial analysis on a property.  The amount of information the provide is pretty crazy.  In fact, I just noticed the other day (maybe this was in there for a while, who knows) that you can see a tab with other properties owned by the same person.

PropStream gathers information from many, many other sources and brings them all to you in a single place.  But, yes, there's the potential for some of the information to be inaccurate or out-dated.  I agree that when you're getting close to the wire, make sure you verify the details.  You can use the county records, get a title company involved, etc.  But until that point, you have so much useful information, it's nuts.  At around $100/month, it's a pretty easy expense.  Yes, I know some people are far more strapped for cash, but this is probably the one thing I simply wouldn't part with.