Rental Property Investor · Round Rock, TX · Member since 2019 · 251 posts · 159 votes
Saw an ad that popped up on YouTube. I was curious so clicked on it. It's a webinar about an app or software that searches for vacant, probate pre foreclosure s or whatever you want. Filters by a bunch of options, even repair level. Also has private funding link attached to your search. Sounds incredible. Has anyone used this yet?
I figured if I just got one lead or one deal then its worth it.
The data was ok, seems they have some program that pulls it together but when I dug deeper it was old.
I took a bunch of properties that I knew were REO's and listed and PIN still had them as the owner.
I found some vacant properties but same thing. When I reversed it I took a house that I knew was vacant but not on the list.
If it could give property info on each property, ie like that house I knew was vacant and look it up with a click and find the owner with the actual number that would be great but it does not.
I did not do any mailings or any large scale test just about 50 properties and granted there are so few distressed properties in many areas that it might be slim pickings.
I wish I gave it more effort but I did not want to waste alot of time and effort on faulty data if that was the case.
If was only $50 to $100 bucks a month I would try it for awhile but its a chunk up front and each month.
@Robert Tinker it's most likely junk... I see YouTube ads all the time for real estate investing from every schmo out there. It's tough to filter out the noise. All I can say is that if something seems too good to be true, it probably is...
@Robert Tinker I signed up for an account for connected investors maybe a month ago. At best, it seems like a decent investor marketplace. At worst, it seems like the CEO is attempting to sell snake oil to other investors. Not to mention he keeps saying things like "I'm the CEO of the largest Real Estate Investor website in the world." Um, sorry... NO! That is Josh Dorkin!
The marketplace works. Investors can post about deals they have, but most of what I have seen are mediocre deals at best. To be fair, I haven't spent a great amount of time there.
As far as anything the CEO is trying to sell... I'd stay far away. I tried to sit through one of his webinars, but only got through about 15 minutes. He spent the entire time selling a story. (Selling not telling.) I didn't get a single bit of helpful info. At the beginning of every podcast, Biggerpockets asks, "Are you looking to learn about real estate investing without all the hype?" Connected Investors is the exact opposite. They get you hyped, and then sell you products.
***To be fair, I have never bought a product. My opinion is based on the fact that the CEO sounds like every other salesperson/guru trying to capitalize on hopeful real estate investors, whereas all BP promoters sound like real people just giving the best advice they can.***
I figured if I just got one lead or one deal then its worth it.
The data was ok, seems they have some program that pulls it together but when I dug deeper it was old.
I took a bunch of properties that I knew were REO's and listed and PIN still had them as the owner.
I found some vacant properties but same thing. When I reversed it I took a house that I knew was vacant but not on the list.
If it could give property info on each property, ie like that house I knew was vacant and look it up with a click and find the owner with the actual number that would be great but it does not.
I did not do any mailings or any large scale test just about 50 properties and granted there are so few distressed properties in many areas that it might be slim pickings.
I wish I gave it more effort but I did not want to waste alot of time and effort on faulty data if that was the case.
If was only $50 to $100 bucks a month I would try it for awhile but its a chunk up front and each month.
I also submitted a hard money deal and the results were less than spectacular. Granted my deal might not of been smoking but did not get very good offers, it was a higher LTV then I could find through my regular sources.