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
Rental Property Investor · Cumberland, MD · Member since 2019 · 3 posts · 3 votes
7y
@David Lecko Your app is amazing, I have just one question we do cash for dollars driving around using your app but we have to switch from the iPad to the phone. Do you plan on creating an app just for Ipad any time soon?
@David Lecko I wanted to add that I like the app so far, but the pricing is something I'm struggling with because you charge a flat rate every month and on top of that still charge for every mailer sent out.
I feel like it should just be a flat rate every month for like 100 mailers or so and then if you go over 100 mailers you are charged the $0.99 a mailer. Instead of essentially being charged twice. Or if the tracking my route $20 option was included already with the monthly rate, that would be awesome. Just wanted to add my suggestions. I've gotten two calls from the mailers so far.
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
Almost all equity percentages are ESTIMATES only. The data that is publically available is the price the home was purchased, the date the home was purchased, and the mortgage terms. These data points you can get from the recorders / assessors office. You can plug these values into a mortgage calculator and BAM, out comes estimated equity. unless these companies are getting credit level information you have no way of actually knowing how much equity is in the home ( unless you see their bank statement.. )
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
Almost all equity percentages are ESTIMATES only. The data that is publically available is the price the home was purchased, the date the home was purchased, and the mortgage terms. These data points you can get from the recorders / assessors office. You can plug these values into a mortgage calculator and BAM, out comes estimated equity. unless these companies are getting credit level information you have no way of actually knowing how much equity is in the home ( unless you see their bank statement.. )
Investor · Chicago, IL · Member since 2016 · 8 posts · 3 votes
7y
I’ve just started the free trial. I know how to find a building owner using county records, so I cross reference for the most recent name on title. DealMachine offers the previous owner not the current. Do they update this app at all? I’m skeptical...
Hurst, TX · Member since 2018 · 169 posts · 8 votes
7y
I've been using deal machine for 6 days now. It's a great tool but expensive depending on budget. I have mail 50 - 60 letters. I have 1 week left for trial period. I hope I get a deal soon.
Rental Property Investor · Chattanooga, TN · Member since 2018 · 11 posts · 1 vote
7y
Hey there everybody. I'm new here but I was wondering if there's anyone out there who has had decent success using Deal Machine to generate listings rather than for buying your own properties... Thanks for your time!
@David Lecko Your app is amazing, I have just one question we do cash for dollars driving around using your app but we have to switch from the iPad to the phone. Do you plan on creating an app just for Ipad any time soon?
You can use DealMachine on your iPad within Safari! It is designed to look great and work smoothly that way, even the route tracking feature works!
@david lecko what is the deal credit. I can't seem to view the complete write up on the page. Thanks
A DealCredit is virtual currency inside the app. 1 DealCredit can be used for sending a piece of mail. You can also use a DealCredit to do an Enhanced Search, which is an instant skip trace to get the owner's phone number, email address, and other property addresses linked to that owner. A DealCredit currently costs $.99 on the basic plan, and $.80 on the Enterprise Plan of DealMachine. I hope that helps! Happy DealFinding!
@David Lecko I wanted to add that I like the app so far, but the pricing is something I'm struggling with because you charge a flat rate every month and on top of that still charge for every mailer sent out.
I feel like it should just be a flat rate every month for like 100 mailers or so and then if you go over 100 mailers you are charged the $0.99 a mailer. Instead of essentially being charged twice. Or if the tracking my route $20 option was included already with the monthly rate, that would be awesome. Just wanted to add my suggestions. I've gotten two calls from the mailers so far.
Congratulations on getting started! We hope dealmachine helps you follow up without forgetting... Totally get having a small budget when starting out... We price the use of the software separately from mail and mail is just 1 option you have to get in touch with the owner. So if you want to mail letters yourself or with a different service, we always allow you to export your data from dealmachine. We also give you 20 free letters (dealcredits) when you sign up, and you can get more free letters (dealcredits) by sharing your promo code with others under get free leads. We are here for you, wanting to help you in every way we can to be successful!
I’ve just started the free trial. I know how to find a building owner using county records, so I cross reference for the most recent name on title. DealMachine offers the previous owner not the current. Do they update this app at all? I’m skeptical...
We provide the current owner in the app, and we get the data directly from your county!
I've been using deal machine for 6 days now. It's a great tool but expensive depending on budget. I have mail 50 - 60 letters. I have 1 week left for trial period. I hope I get a deal soon.
Keep hustling and be consistent (whether you use dealmachine or not). consistency is key and if you do that you WILL get a deal. :)
Hey there everybody. I'm new here but I was wondering if there's anyone out there who has had decent success using Deal Machine to generate listings rather than for buying your own properties... Thanks for your time!
Long Island NY · Member since 2019 · 133 posts · 104 votes
7y
My honest review after using it for 2 months or so.
What I do not like:
1. The APP itself lately has been having issues randomly. Yes, they fix it pretty fast but what a killer when it breaks down on a D4D session where I now have to revert back to manual techniques.
2. Some of the info (at least in my deals) are incorrect. Even when using a $1.00 deal credit to do an advanced search. I now find myself manually skip tracing every deal before I even start mailers.
3. I don't know if it's their printing partners or what, but I find that almost every single postcard that gets returned to me has font print smudging or other quality issues. Also the postcards are small and thin. This doesn't make for a great professional image of me or my company.
4. Cost. Initially, you are paying $49.00/mo for the APP alone. Then around $1.00 per mailer. Here's the rub. Obviously, the more deals you add and set repeat mail on, the more the overall cost snowballs every month. And believe me, they are not shy about letting you know via emails to "Add 200 deals and mail 3x each for your first deal" That math spells out $249.00 per month if you set your mailer schedule to 30 days. And Yes, I get that you have to spend money to make money, but quality issues are making me start to question if I should continue to bleed money into this thing, which by the way I haven't got one actual deal from as of yet.
What I like:
1. It is easy to use when it's working.
2. The interface is OK, but the map view / GPS is hard to pinch and turn or zoom out of.
3. I like the automation of mailing. Makes it easy to be consistent at mailers.
My suggestions:
1. Work out the bugs or get better partners.
2. More quality control over the quality of the actual mailers
3. Lower the monthly cost. Apps like Landglide can essentially pull the same info and is a lot less expensive.
Rental Property Investor · Indianapolis, IN · Member since 2015 · 178 posts · 107 votes
7y
@Shaun J.
Appreciate your feedback very much. We are working hard to make DealMachine the absolute best tool to assist your driving for dollars and get you more deals.
A little update:
1) Related to bugs - we have had some growing pains this summer! Thanks for mentioning we fix things pretty quickly. We know it’s super important to be proactive so it will work perfectly every time, and we are doing so to stay ahead of that.
2) Related to printing smudges on postcards - this is an industry wide issue with the USPS’s high speed sorting machines that are used for barcoded mail. If you are looking at returned mail, that’s especially prone to smudging because it gets run through the sorting machines a few additional times to make sure there’s no other place to deliver it. If you google this issue you will find many articles about this usps issue. Unfortunately we can’t fix this issue by switching printers, otherwise we would!
We just launched a non-barcoded mail piece that has an actual stamp so it will not have that type of smudging problem.
3) There’s always gonna be a cheaper option. A huge reason we’re more expensive is we let you add unlimited properties AND export an unlimited amount of property owner lookups. Since you mentioned that other app specifically, they limit you to only 150 properties exported.
I hope this sheds some light and appreciate the feedback very much
Rental Property Investor · Indianapolis, IN · Member since 2015 · 178 posts · 107 votes
7y
@Jo Kinal if you’re an agent it’s good to disclose that. Other than that it’s up to you. Some people like to specify they’re NOT an agent to make clear they want to actually buy their house, not list it.