What is Mashvisor Property Marketplace and how does it help real estate investors? Find out here.
Off market properties appeal to real estate investors for numerous reasons. They’re typically sold for below market price, have less competition, and negotiations are more flexible. Overall, off market properties present great real estate investment opportunities that can be very rewarding. However, finding these investment properties is hard due to the fact they’re not publically listed for everyone to see. Many will tell you to use traditional methods of property search like hiring an agent, word of mouth, or driving for dollars. These could be useful if you’re looking for off market listings in your local market. But, what if you plan to buy real estate in another city or state?
There has to be another way for real estate investors to find off market properties for sale. Owing to the digital real estate revolution, there is! With all the technology available in this day and age, finding real estate deals – including off market deals – is easier than ever before. In addition, with access to real estate investment software, you can quickly find investment opportunities that best match your criteria in a matter of minutes. Of course, not all websites are developed the same, which is why you need to use only the best out there. In this article, we introduce the Mashvisor Property Marketplace, the best tool to find off market properties in 2020! So, keep reading to understand what this tool has to offer and how to use it.
Related: How Do You Find Off Market Properties?
What is Mashvisor Property Marketplace?
Mashvisor is a well-known real estate investor website that helps you find and analyze traditional and Airbnb investment properties anywhere in the US housing market. It uses property data and predictive analytics that are helpful when making investment decisions. Signing up with Mashvisor gives you access to numerous investment tools including the Real Estate Heatmap, the Property Finder, Real Estate Investment Calculator, Mashboard and, the topic of this blog, the Mashvisor Property Marketplace. Each tool will help you in your real estate investing journey. Together, they create the ultimate toolkit for any investor looking for success in the industry. To learn more about our investment tools, click here.
The Mashvisor Property Marketplace is our most recent tool added to the platform. It is designed specifically to make finding off market properties easier and more efficient. What’s more, the great thing about it is that it doesn’t just give you off market listings in your market of choice. There are many other uses for the tool that real estate investors will certainly find valuable. Here’s what you can do when using the Mashvisor Property Marketplace in 2020:
#1 Find Off-Market Properties
As mentioned, the main use of this tool is to find off market investment properties for sale. The Mashvisor Property Marketplace gives you access to a massive database of non-MLS properties including foreclosed homes, auctioned homes, short-sales, bank-owned homes, as well as tenant-occupied rentals. You can quickly search through thousands of off market listings using filters to narrow down listings to match your criteria. This way, you’ll avoid being overwhelmed by options and be able to find exactly what you’re looking for. The set of filters you can use include:
- Location (you can search up to 5 cities at once)
- Miles (the distance you want the property to be away from and the city)
- Rental strategy (traditional or Airbnb)
- Property type (single-family residential, off market multifamily, condo/coop, townhouse, etc.)
- Listing type (non-MLS, foreclosure, needs repairs, tenant-occupied)
- Number of bedrooms
- Number of bathrooms
- Desired cash on cash return
- Desired cap rate
After setting the filters to match your criteria, the Mashvisor Property Marketplace will provide you with a list of all off market homes for sale. Moreover, it will also list the top-performing properties with the highest potential for return on investment on top. So, you don’t have to waste time browsing through your options to find the best opportunities that are worth investing in. With this feature, you don’t have to wonder how to find off market properties in a city or state that you don’t live in.
#2 Analyze Investment Potential
This is property the most important feature of the Mashvisor Property Marketplace. You see, Mashvisor helps investors not only find, but also analyze the potential of any rental property investment in the US. The real estate investment analysis is done for MLS properties as well as those off the market. After all, running this analysis is key to figuring out whether or not you’ll get the return you’re aiming for when buying off market deals. While other websites might only provide you with property listings, Mashvisor provides you with much more!
After narrowing down your options, you can move forward to analyze them using our Investment Property Calculator. Simply click on the listing you wish to analyze and you’ll access our calculator. There, you’ll get an automated analysis that includes all necessary property data you need to decide on the ideal investment opportunity for you. You can also enter the address of a specific property and use this tool to analyze it. After entering the required information, the Investment Property Calculator will estimate:
- Property price
- One-time startup costs
- Recurring monthly expenses
- Traditional and Airbnb rental income
- Traditional and Airbnb occupancy rate
- Traditional and Airbnb cash flow
- Traditional and Airbnb cash on cash return
- Traditional and Airbnb cap rate
Our estimations are reliable as they’re based on real estate data obtained from MLS, Zillow, and Airbnb. They’re also based on the performance of actual sales and rental comps in the area. Moreover, our tool is interactive because if you adjust the numbers as you see fits, it’ll recalculate the projected ROI immediately. Using the Mashvisor Property Marketplace, you can also download an easy-to-read pdf report that contains all of this data to share it with your agents or network.
Related: How to Analyze Off Market Properties
#3 Get Access to Property Owner Data
One way of finding off market properties is to find homeowners in a good real estate market and then pump up your marketing efforts to reach out to them, make an offer, and convince them to sell. This is how experienced investors go about closing off market real estate deals without facing competitions. If you too want to follow this method, then you need homeowner information. Knowing how to find out who owns a house is the next feature that the Mashvisor Property Marketplace provides.
With access to current homeowner data, you’ll easily identify off market opportunities like a pro. If you have a specific off market property in mind, you can access its homeowner data by entering the exact street address. Moreover, you can do a property owner search by setting search filters to get a list of homeowners in the location of your choice. The data we’ll provide you includes contact information like accurate emails, numbers, and addresses. The Mashvisor Property Marketplace supports the following filters:
- State (obligatory)
- Property type
- Zip Code
- Sale Date
- Year Built
- Contact Data
Once you have set the filters, your homeowner data list will start generating and you will get an email notification once it’s ready. Rental property owners will have their own profiles where you’ll get a unique set of data including full name, age, gender, marital status, education, occupation, net worth, and more. This data can help you determine which property owners are more likely to sell so you don’t waste time chasing after those that aren’t ready. Then, you can get in touch with owners through the platform to start negotiations and finalize deals. For more details, watch this tutorial which shows you how to use Mashvisor to find homeowner data:
#4 List Your Property Off-Market
The final feature of the Mashvisor Property Marketplace is for investors looking to sell off the market. For example, say that you already own an investment property and want to sell it for profit. In this case, you can either hire a real estate agent who will list the property or market it for you for a fee, or you can list it on Mashvisor for free! Simply use the Property Marketplace to create a listing by adding basic information including:
- Street address
- Status (active, pending, off market, etc.)
- Property type
- Listing type
- Number of bedrooms
- Number of bathrooms
- Asking price
After submitted this information, your investment property will be marketed to thousands of real estate investors, agents, and other serious buyers ready to make a move. Finally, you can also easily communicate with potential buyers to find the right one using the platform.
Related: Mashvisor: The Best Website for Off Market Properties
To sum up, the Mashvisor Property Marketplace is the ultimate tool for investors looking to find, analyze, and sell off market deals in the US. The real estate and property data we offer through this tool allow even beginner investors to make educated investment decisions like the pros. Do you want to get access to our tool? The only is by signing up with a Professional or an Expert plan. But you can give it try for free when you start your 7-day free trial with Mashvisor now.