List Source - too good to be true?

5 Replies

I just got off the phone with a realtor in my area and he mentioned List Source. So I immediately went to the computer and started reading about it. On the surface it seems like a great way to generate leads and find new properties, but it comes with a price. I have no problem paying a price for someone to bring deals to me, but wondering if this is too good to be true? Looking for maybe success stories and horror stories from using List Source. Hard to put money into something you do not know much about. And what better of a place than the BP community to find out. Thanks for all the help.

@Anson Young discusses ListSource in his book, Finding and Funding Great Deals.  There's a really great section in there about ListSource, how to set up searches and how to really maximize this tool.

Probably worth the cost of the book just for that section, but the book is just so good in general as well.  

Originally posted by @Grant Pope :
I just got off the phone with a realtor in my area and he mentioned List Source. So I immediately went to the computer and started reading about it. On the surface it seems like a great way to generate leads and find new properties, but it comes with a price.

I have no problem paying a price for someone to bring deals to me, but wondering if this is too good to be true?

Looking for maybe success stories and horror stories from using List Source. Hard to put money into something you do not know much about. And what better of a place than the BP community to find out.

Thanks for all the help.

Listsource has easily made me a million dollars or more in the last 10 years I've been using it. I've also raised a ton of private money from it as well. Listsource is owned by CoreLogic which is a huge data backbone of many title companies and MLS systems nationwide. Basically, they own a huge chunk of the market, so their data is really good.

Originally posted by @Anson Young :
Originally posted by @Grant Pope:
I just got off the phone with a realtor in my area and he mentioned List Source. So I immediately went to the computer and started reading about it. On the surface it seems like a great way to generate leads and find new properties, but it comes with a price.

I have no problem paying a price for someone to bring deals to me, but wondering if this is too good to be true?

Looking for maybe success stories and horror stories from using List Source. Hard to put money into something you do not know much about. And what better of a place than the BP community to find out.

Thanks for all the help.

Listsource has easily made me a million dollars or more in the last 10 years I've been using it. I've also raised a ton of private money from it as well. Listsource is owned by CoreLogic which is a huge data backbone of many title companies and MLS systems nationwide. Basically, they own a huge chunk of the market, so their data is really good.

 Wow! That is really nice to hear. I am from a small town in Southern Minnesota. As far as their data goes, you think even in my small community (population of 1800) and the surrounding communities, List Source would have valuable data that is worth the money?

I also know that they charge in a different way. Do you have any tips or tricks for going about using them?

Thanks again for the response. This is why I LOVE bigger pockets. There are so many people just like you willing to share their knowledge.

Originally posted by @Linda Weygant :

@Anson Young discusses ListSource in his book, Finding and Funding Great Deals.  There's a really great section in there about ListSource, how to set up searches and how to really maximize this tool.

Probably worth the cost of the book just for that section, but the book is just so good in general as well.  

 Thank you for the help Linda. I am looking into the book right now. Might be the next good read. :)

Yes, small town, big town, does not matter.  As far as pricing, they did change it up 1-2 years ago (cant remember now) to their current method which is a bit more expensive but still worth it.  I'd play with creating a list, see how many records are available (in a town of 1800, there might be a few dozen high equity houses that meet your investment criteria, for example).  Even I got tired of the new system and ask a friend who runs a mailing company with a big list source account to pull lists for me at his price.

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