Software to find deals 24/7? Does it exist?

Question

Hi all,

As much as I love investing in real estate, I hate doing the search and analysis work through hundreds of listings until I find a deal that actually makes sense for my goals. I was wondering if there was any software that provides a solution to this? Specifically, a software that analyzes listings 24/7 based on a set of criteria like cash on cash return, profit margin, purchase price, etc. Once it finds a deal, it sends a notification and pre-fills a purchase contract? Anything similar?

Also, I should mention that I do not want to hire a realtor to do this as I am a realtor myself and want something automated and much quicker than any realtor can be.

Nate Sanow · Answer

The trick is don’t scrub the listing, create filters… begin to memorize average price per foot, and average price sold, and then begin to memorize what a good number is at a percentage of that. For example in my market $100 per foot is becoming the new minimum for bottom of the barrel conditions and if decent $130 per foot is for average stuff so I get really excited if $80-90 per foot opportunities come up. I automatically know it has a likelihood of being a deal. There are some of our better areas at $200 per foot so then I’d go up to $140 per foot on acquisition… I also know our average sold price was hovering around $294k so if I’m at or below $150k odds are more likely I have a deal and I don’t mess with stuff above $200, yet. This is rapidly changing in this new market but I’m just saying look at filters not just listings.

Eliott Elias · Answer

I don't think you can do this on the MLS, what you can do is filter by price per square foot and pick your zip code. If you know your prices you know what price per sqft will being you good COC

Curt Smith · Answer

Hi Folks, I'm just a user/subscriber.  I'm not pitching this tool.  I've been around the block for 10yrs own 40 doors of rentals.  Yet to keep busy I still market for deals, 1-3 a year that I keep is ok for me.  I agree with the question!!!

I have good beginners luck and have gotten a deal from every channel attempt except for post cards.  LOL Have spent at least $10k over the years to GOOD lead lists.  No response.  But I was mailing in a hot up market in Atlanta area.  And have not recently mailed now that sellers are stuck, long days on market, ramping up expired listings that end up on FSBO.  Due to buyers disappearing, traping sellers (like the old days again).   So cards may work today if yoiu know how to build a good list.  I use propstream.com for details on a house and for pulling lists and mailing cards within propstream.

But recently I've discovered a new SMS marketing system that pulls the leads for you, they push out SMS  series of messagese they built for you.  Your job is to reply to positive interest.  Turn off the out bound SMS on negative responses.

I'm using creativereireply.com a brand new system they built just for creative deals.   I focus on subject to, because that what I'm interested in.  If you had cash or financing you could find tons of deals.  this system specializes in marketing to stuck sellers, who want offers.  IE expireds,  and FSBOs.  Both are seeing zero buyers due to nearly 7% mortgages.

And like my other marketing channel efforts, FB ads, then google ads, I got a deal under contract quickly in 6 days.  Will close on the subject to in 2 weeks.   A very nice house, I'll take over the mortgage payments, give the seller $40k,  small fix / clean up and it will be a great rental.

Folks;   learn subject to and all forms of creative financing.  This is the best period in our lifetimes NOW through next year.  As loong as mortgage rates make buyers pull back, sellers will listen to creative offers.

As a help for sub to I give a way my sub to training/helps pdf.  BP connect then PM me I'll send you the file.   Buy BPs crreative book; Zero down and all other creative training.  Watch on youtube subto etc etc.

Best of luck. curt

Ash Hegde · Answer

I have a feeling this does not exist but I am posting to follow because it would be great to have!

Software to find deals 24/7? Does it exist?

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