Flipper/Rehabber · Houston, TX · Member since 2017 · 39 posts · 12 votes
Hi everyone, as a wholesaler I've been driving for dollars and now have a list of abandoned/vacant house I want to mail the owner's about. I work out of state so I'm only home on the weekends, also I don't have a large amount of capital for direct mail. I've downloaded the DealMachine app and wanted to get some feedback reviews about the app. Is it beneficial? Are they mailing the correct addresses? Anyone receive calls from motivated sellers using the app? Anyone close a deal using this app? All feedback is welcomed and appreciated, thanks!
Real Estate Agent · Houston, TX · Member since 2017 · 35 posts · 34 votes
8y
I downloaded it two weeks ago. So far I’ve sent 12 mailers and I have gotten two phone calls from two sellers. Both want to sell and I’m closing on one of them with a Subject to deal
Springfield, VA · Member since 2016 · 23 posts · 7 votes
8y
Hey @Eric Crump I've only used the DealMachine app for two properties I found while driving into my day job. I haven't had any luck yet regarding the mailing. The two absentee owner's addresses were accurate. $99/month for 55 postcards comes out to $1.90 per send. Depending on your budget and how many leads you have, it may be viable. Hope this helps.
Real Estate Agent · San Antonio, TX · Member since 2016 · 251 posts · 70 votes
8y
@Eric Crump I work out of San Antonio and wholesale. The DealMachine app has been a God send. It's easy to use and I have connected with a good amount of sellers in my market. I like it better than traditional mailers because of the photograph of the house you are targeting.
I have locked up one deal off the application and have offered in person on 2-3 other deals. I have been called by a little under 10 sellers that were not interested that I just remove from my list. I only have 200 mailers out and consider the conversion ratio to be very strong. The one deal I got will profit me enough to pay for the application for 2 years.
Brandon, FL · Member since 2017 · 1 post · 4 votes
8y
Eric crump I've been using deal machine for about 2 months. It does take some time as you know everything is a numbers game in real estate. Deal machine provide you with the name address phone number and any other addresses and e-mail address also the amount of the mortgage and how much Equity they have in the property. Since you work out of town you can recruit people to drive around for you give him a piece of the deal or family members can help you for. Free lol
@Eric Crump I work out of San Antonio and wholesale. The DealMachine app has been a God send. It's easy to use and I have connected with a good amount of sellers in my market. I like it better than traditional mailers because of the photograph of the house you are targeting.
I have locked up one deal off the application and have offered in person on 2-3 other deals. I have been called by a little under 10 sellers that were not interested that I just remove from my list. I only have 200 mailers out and consider the conversion ratio to be very strong. The one deal I got will profit me enough to pay for the application for 2 years.
Real Estate Agent · Houston, TX · Member since 2017 · 35 posts · 34 votes
8y
I downloaded it two weeks ago. So far I’ve sent 12 mailers and I have gotten two phone calls from two sellers. Both want to sell and I’m closing on one of them with a Subject to deal
Toronto, ON · Member since 2018 · 102 posts · 61 votes
8y
Has anyone used this in NY area (Buffalo , niagara ) closer to Canada border? I’m from Toronto and New to Driving for dollars. Would love to shadow someone who could guide me on how the whole thing works (not just the app but actual DFD itself)
Thank you all.
Charlotte, NC · Member since 2018 · 7 posts · 9 votes
8y
I am considering the DealMachine app as well. I enjoy driving 4 dollars every week, so I can see how this would simplify the process for me. I talked with one homeowner that said she received a postcard with a picture of her house on it. She was offended almost like an invasion of her privacy. So now I know how she received it:). It actually seems to be a great concept...I plan to give it a try. Will keep you posted on my progress.
NE Minneapolis, MN · Member since 2016 · 1 post · 1 vote
8y
Does anyone know if DealMachine stops sending regularly scheduled mailers to a property if you do not renew the subscription? In other words, is there an option to continue to pay for the mail campaign service even if you are not currently subscribed to the app?
There are other apps out there that can show you who owns a property but what I really like about the app is its personalized mailing capabilities
High Point, NC · Member since 2017 · 108 posts · 19 votes
8y
I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:
I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:
Mortgage Information ^
Equity percent:
48%
Mortgage amount: Mortgage term:
$93,000 0 year
Lender name:
First Horizon Hm Ln
Assessed value:
$178,800
If the home was purchased for 173,500. 48% equity based on sale price would amount to $83,280, leaving the remaining principle 90,220. Based on the app the amount states 93,000 so I’m not sure how accurate this is. I would recommend someone with an existing mortgage look up there own address for confirmation.
Hi everyone, as a wholesaler I've been driving for dollars and now have a list of abandoned/vacant house I want to mail the owner's about. I work out of state so I'm only home on the weekends, also I don't have a large amount of capital for direct mail. I've downloaded the DealMachine app and wanted to get some feedback reviews about the app. Is it beneficial? Are they mailing the correct addresses? Anyone receive calls from motivated sellers using the app? Anyone close a deal using this app? All feedback is welcomed and appreciated, thanks!
Just received a call yesterday about a FSBO I mailed too. But the owner wanted too much for the property. Potential motivated sellers are getting the postcards but some aren't that motivated. I've gone to vacant proprieties I've mailed to and have found my postcard in the mailbox just to see if they received it, lol.
I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:
Mortgage Information ^
Equity percent:
48%
Mortgage amount: Mortgage term:
$93,000 0 year
Lender name:
First Horizon Hm Ln
Assessed value:
$178,800
If the home was purchased for 173,500. 48% equity based on sale price would amount to $83,280, leaving the remaining principle 90,220. Based on the app the amount states 93,000 so I’m not sure how accurate this is. I would recommend someone with an existing mortgage look up there own address for confirmation.
So you're saying the $93,000($90,220) is roughly the remaining balance, right? Is there a free way to look up the mortgage balance for a property, or the cheapest way possible? I'm in NC.
Real Estate Agent · Las Vegas, NV · Member since 2016 · 589 posts · 275 votes
7y
Hi there I am looking at the deal machine to see if it’s worth while. A few posts on this thread but nothing that really explains if the app holds any real value or not. Any one else care to chime in with some feedback or real life experiences with this app ?
I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:
Mortgage Information ^
Equity percent:
48%
Mortgage amount: Mortgage term:
$93,000 0 year
Lender name:
First Horizon Hm Ln
Assessed value:
$178,800
You can get this information from your local courthouse. If the lender has filed against the homeowner, everything is at the court and is public record. The amount the bank is claiming is listed in the filed paperwork along with how the interest accrues so you should be able to accurately track the payoff amount as time goes on. At my courthouse, it's free to use their computers to look up the cases. They only charge if you print something out, so I created a form that I use to gather the info I need and just write it down really quick while I'm there. I can usually get through 50-60 in an hour although I will be outsourcing this task soon.
hello everyone I have heard about the deal machine. but I had had trouble getting it to load to my android phone. anyone knows the best way to get it set up on my phone.
Rental Property Investor · Indianapolis, IN · Member since 2015 · 177 posts · 107 votes
7y
Originally posted by @Account Closed:
Does anyone know if DealMachine stops sending regularly scheduled mailers to a property if you do not renew the subscription? In other words, is there an option to continue to pay for the mail campaign service even if you are not currently subscribed to the app?
There are other apps out there that can show you who owns a property but what I really like about the app is its personalized mailing capabilities
Hi Ethan, great question. Also Merry Christmas! Sorry for the delay I haven't been on bigger pockets for a few months. Our support team is active daily on our website and in-app chat, so I hope you were able to find your answer already! The answer to your question is if you pause or cancel your DealMachine plan, your mail campaigns will also stop sending out. Let me know if you have any additional questions!
Real Estate Agent · Las Vegas, NV · Member since 2016 · 589 posts · 275 votes
7y
@David Lecko
Thanks, nice to meet you as well David. Unfortunately I don’t have a Facebook and don’t plan on getting one. I’ll have to find a other way but I am looking at some other software as well and thank you for reaching out to me.
Real Estate Agent · TX · Member since 2018 · 10 posts · 13 votes
7y
7 months in and no deals yet sending 150 properties which I know isn't a lot but don't have a big budget. really hoping something will come from it soon.