It isn’t easy to make a quick decision when so many real estate investment tools are out there. So today, we are doing a Flipster vs PropStream comparison to help you get started.
So whether you are a real estate developer, wholesaler, or investor, no matter where you are in your real estate adventure, it is critical that you invest in tools that provide the information needed to make educated real estate decisions.
That said, we can now begin our into the PropStream vs Flipster debate and help you better understand the benefits and drawbacks of these two investment tools.
Flipster vs PropStream: Flipster Features Review
In this section, we will look at all of the platform’s elements. We’ll begin by explaining its primary software features and benefits, followed by a breakdown of its pricing structure.
Motivated Seller Leads
One of Flipster’s most distinctive selling features is that it provides users with motivated seller leads rather than general seller leads. It means that there are more incentives for sellers to sell their property rapidly. For example, you’re likely to come across many absentee owners who don’t live in the property.
In many situations, these are frustrated landlords eager to lower their asking price to sell fast. There will also be out-of-state owners. Selling a property, especially an empty home, when you live in a different location is troublesome; as a result, many homeowners will try to sell as soon as possible.
Skip Tracing
Flipster software is a skip tracing tool, which means it scans through billions of data to find phone numbers and emails for purchasers, driven sellers, and private lenders. People who fall under the said criteria are, without a doubt, some of the top people to buy property from.
Private Lenders
Moving on with our Flipster vs PropStream comparison, we are now discussing Flipster’s network.
Private lenders are often extremely rich individuals who fund real estate transactions at competitive rates and with minimal fuss. They are an intriguing solution to banks and hard money lenders in the real estate market.
So, when you utilize Flipster real estate tool, you’ll be linked to an extensive network of both private and asset-based lenders, which will make the home-buying process much more manageable.
Email Marketing
Flipster’s service offerings also incorporate email marketing. On Flipster, there is no additional payment for sending emails; it is included in the membership fee. There is no limit to the number of emails you can write to motivated sellers, local investors, and private lenders.
In addition to email marketing, you also get a direct-to-voicemail system, SMS marketing, and pre-written templates.
Comps
In this Flipster vs PropStream battle, we’ve seen that when you use Flipster, you will be provided with a list of comparables, which are recently sold houses. It means you can calculate the value of any property using the said tool. You’ll also get an entire look at each comparable, including images, the year of construction, the day of sale, and the value.
Related: Rental Comps: What Are They and Where Can I Find Them?
Additional Flipster Features
Below, we will cover additional Flipster services and features.
Deal Management
Flipster’s contact and property management solutions keep all of the critical contacts and property information in one place for convenient access.
Sites for Motivated Sellers
When you use Flipster, you can create a personalized website that may help you draw more motivated sellers to your marketplace.
Offer Generator Pro
Make an offer with the assistance of the Offer Generator Pro tool from Flipster. You simply fill in the fields in the template and submit it in order to make an offer on a property of your choice.
Deal Analyzer
Flipster’s deal analyzer crunches the numbers and informs you what the offer price should be on that property. You’ll also be notified of the amount of profit you’d gain if you were to make an offer on your own.
Contract Library
You’ll be able to access a wide choice of attorney-approved contracts through its contract library, making sure your agreements are legally binding.
Regarding our Flipster vs PropStream comparison, the first platform also offers tools such as:
- Property workflow
- Custom websites
- Rehab estimator
- Budget tracker
Flipster Pricing
If you want to give the platform a try, there is a two-week Flipster free trial available. Afterward, the base package will cost $97 per month. If you want a more tailored bundle, you’ll need to pay extra money.
Many of the major features stated above are included in the subscription packages, including access to the system, property profiles, seller leads listings and dashboards, email marketing, and more.
Moving on, our Flipster vs PropStream comparison will now focus on the second platform. Let’s see what it has to offer.
Flipster vs PropStream: PropStream Features Review
Even though the PropStream software is not free, it does provide a free trial period, so you may try it out before getting engaged. PropStream software includes several features that will assist you in locating and analyzing off-market opportunities.
Foreclosures
The PropStream software will show all homes under foreclosure and pre-foreclosure in any specified community. And, in some cases, it will provide more information. You can then zoom in on where the investment property is in the foreclosure procedure. For example, somebody in the initial stages may aim for a quick sale at a low price.
PropStream provides local foreclosure real estate analysis:
- Default amount
- Type of default
- Last updated
Related: How to Find Pre Foreclosure Leads
Vacant Residences
The above section of our Flipster vs PropStream comparison shows that the other platform can list all upcoming auctions and vacant homes.
Choose the area in which you wish to invest, and PropStream will provide future auctions together with the predicted worth of the house and the default price. Tap on the address to discover the auction date, time, and place. In addition, locating properties that are merely costing their owners money by lying unoccupied is another way to find possible sellers eager to sell low.
PropStream features contact information for the abandoned home’s owners, allowing you to reach out and make an offer.
Reach Across the Country
Several investment tools on the Internet restrict your search to just one or two real estate markets inside the state, which is bothersome if you want to examine your options nationwide.
There will be no issues in that aspect with PropStream, which promises to cover more than 152 million properties. And all of the relevant information is believed to be accessible to you within these properties—mortgage history, tax details, and so on.
Comparables in Real Estate
If you’ve wondered how to find rental comps, PropStream features a real estate comparables feature that analyzes various properties and assesses their current market outcome. It states that PropStream’s rental comps function provides its users with up-to-date information, guaranteeing that you don’t overestimate a potential property and miss out on a solid opportunity.
Rehab Costs
What about assessing and forecasting rehab costs? The calculator, powered by BlueHammer, does the job. Save the property address to your saved properties, and you will be able to:
- Filter by type of repair or rehabilitation
- Choose whether to do a complete rehab or a minor job
- Select high-quality materials
- Get an estimate for the job’s pricing
Later in our Flipster vs PropStream review, we’ll discuss how to invest in real estate.
Marketing Automation
We want to address marketing automation now in our PropStream vs Flipster comparison. Sellers can be contacted directly by real estate investors through email, postcards, or ringless voicemail. You can avoid tracing property owners who’ve abandoned their assets.
PropStream can handle and filter your lead list, eliminating the need for you to do so personally. After configuring your variables, they will automatically add properties to your list based on your criteria and eliminate older entries. You can also configure your account to contact homeowners automatically as new properties are uploaded to your leads list.
PropStream Pricing
The standard PropStream membership is $99 per month. PropStream’s website and smartphone app provide real estate investors with access to national data. The data contains public records and MLS database comparables and over 120 lead filters, and an incorporated marketing platform.
PropStream’s List Automator feature is available for an extra $27 per month. It automatically syncs your list of leads for you based on the parameters you select for the types of properties and leads you’re keen on, bringing up new leads for you every day and clearing out old leads.
Of course, you can always sign up for a PropStream free trial before you decide on your final choice.
Flipster vs PropStream: Final Judgment
Both tools offer almost similar pricing for their basic plans – Flipster is $97 per month, while PropStream is $99 per month. The former, on the other hand, may provide more value for money.
Flipster provides leads in every category, from MLS leads to private lenders. PropStream, on the other hand, falls short in lead areas such as absentee owners, out-of-state landlords, and potential sellers. It also provides few to no financial resources, while Flipster comes with a funding channel, private lender leads, and more.
Mashvisor as a Better Alternative
We feel Mashvisor stands out for starters because of its creative approach that enables users to compare neighborhoods, identify properties, and conduct detailed market analytics. Here are a few aspects that we’d like to highlight.
Neighborhood Analytics
Unlike most investment tools, Mashvisor continues to work to include a feature that will provide investors with even more detailed information about the neighborhoods in which they choose to invest. Its Neighborhood Analytics page contains statistics such as cap rate, cash on cash return, occupancy rate, and more. You’ll also be able to observe how another real estate property is currently performing.
Related: What Is a Good Cash on Cash Return?
Heatmap
The Mashvisor platform’s Heatmap tool is a color-coded map that shows the general availability of houses in the area and their current performance. Moreover, the tool makes it a lot easier to obtain important metrics like listing price, rental income, cap rate, and others.
Mashvisor Heatmap tool provides real estate investors with a color-coded map that shows the general availability of investment properties in a particular neighborhood, along with important metrics such as cash on cash return, rental income, listing price, and Airbnb occupancy rate.
Property Finder
Once you’ve provided the information and ideally built your short-term rental property, the Property Finder can assist you in locating a real estate property that will match your strategy and fulfill your needs and expectations. In addition, Mashvisor will filter them out for you, depending on profitability.
Real Estate Analytics
It’s crucial to evaluate real estate in general and make well-calculated judgments in your investments that aren’t solely focused on investment properties. Mashvisor, in particular, enables you to investigate available rental homes in your areas of interest and decide whether or not to invest in the said properties
Assume you’re about to make an investment. If it is the case, Mashvisor’s Rental Property Calculator will help you determine which sort of financing is ideal for your preferred approach. In addition, if you wish to invest in a short-term rental, our Airbnb analysis can help you decide whether a particular home offers a high return on investment potential.
The best aspect is that you don’t need to redo the calculation multiple times. All of the parts are linked, which means that any changes you make to the information you enter will be taken into account as you use our tool.
Conclusion
We hope we’ve addressed everything about the two investment platforms in our Flipster vs PropStream review above. We’ve also mentioned Mashvisor, and how it differs from the other platforms, with its broader range of features.
The characteristics of the two reviewed platforms are nearly identical. Evaluating Flipster vs PropStream is simple. You will need to pay more if you want to take your hunt for investment properties to another step. Either way, both platforms are good examples of current investment tools on the market. Nevertheless, the advantages we’ve highlighted do not mean you shouldn’t leave your choices open.
Mashvisor is one of the available solutions that offer both features and functionality. For additional information on the features we’ve discussed, feel free to continue to explore our website and discover more about our platform.
Are you interested in learning more about how Mashvisor can assist you in identifying the most profitable investment properties (both short terms and long term)? Click here to book a demo.
