Real Estate Investor · Redondo Beach , CA · Member since 2012 · 21 posts · 7 votes
12y
Agree with Bryan, the software is very good. The main purpose of the REI matcher system is match properties (sellers) with buyers. Every investor can maintain their own personal database of each. The system will report a match to both investors when a posted property matches the criteria for a buyer. Then a deal can be made between the two investors that represent the buyer and the seller.
The only downside i see with the system, at least here in socal, there are very few properties posted. And the ones that are, are deals that are not that great, - meaning hard to find a buyer for. But I think that is just the nature of this RE market that we are in. Buyers for median priced and below properties selling with owner financing and with a reasonable down payment are VERY, VERY EASY to come by - craigslist - bandits signs - all day long. No need to post it in REI matcher and potentially have to share your profit with another investor's buyer. Also, perhaps there aren't enough investors in the system here in socal.
The software also does other things very well like keep track of your leads and email them. It also does more things now, like analyze deals, generate contracts. It even sets up websites for you.
Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
12y
Damon Flowers is actually the developer of this and I know he and Phill pretty well. I didn't find it particularly useful given the product they had on it, but the software itself was pretty good.
Real Estate Investor · Redondo Beach , CA · Member since 2012 · 21 posts · 7 votes
12y
Agree with Bryan, the software is very good. The main purpose of the REI matcher system is match properties (sellers) with buyers. Every investor can maintain their own personal database of each. The system will report a match to both investors when a posted property matches the criteria for a buyer. Then a deal can be made between the two investors that represent the buyer and the seller.
The only downside i see with the system, at least here in socal, there are very few properties posted. And the ones that are, are deals that are not that great, - meaning hard to find a buyer for. But I think that is just the nature of this RE market that we are in. Buyers for median priced and below properties selling with owner financing and with a reasonable down payment are VERY, VERY EASY to come by - craigslist - bandits signs - all day long. No need to post it in REI matcher and potentially have to share your profit with another investor's buyer. Also, perhaps there aren't enough investors in the system here in socal.
The software also does other things very well like keep track of your leads and email them. It also does more things now, like analyze deals, generate contracts. It even sets up websites for you.
Real Estate Investor · CA · Member since 2013 · 18 posts · 0 votes
12y
Thanks again, Larry. I know automation is key at a certain point in your business, but as a new Investor, there's a sense of wanting to do things manually (eg, I can build my own websites and wish to insert my own language (my brand) into email responses. Guess best move is to try it out when the time is right. Gracias! Thus far I have learned no-frill actionable info from P. Grove. Always on watch for guru upselling, but seeking genuine education at the same time.
Investor · Diamond Bar, CA · Member since 2012 · 79 posts · 24 votes
12y
@Larry Chafe, I was wondering... now that more time has passed, what do you think of the REI Matcher system? I checked out your website and it has a lot of great information. Just wondering how well it is working for you.
Real Estate Investor · Redondo Beach , CA · Member since 2012 · 21 posts · 7 votes
11y
Sam,
My opinion of the REI matcher system hasn't changed. There aren't many properties listed in it for CA. Seems to be more active in texas where Phil Grove is based. The main value out of it is the website, database of your leads, and email auto-responders. There are other competing software for RE investors that can be had for less. Phil's training material is good, but i can't say the REI matcher is worth here in CA.