Anyone Using Prospect Now??

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Anyone Using Prospect Now??

Sandy S Harris
Real Estate Investor · Los Angeles/Santa Barbara, CA · Member since 2011 · 102 posts · 14 votes

I've come across this product, and I'm now testing it out. It's an online commercial real estate database of six million building owners, including phone numbers, mailing addresses and building details. The database includes all forms of commercial real estate, and multifamily start at two units.

Has anyone tried it out??

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Joe Abughazaleh
Investor · Las Vegas, NV · Member since 2013 · 131 posts · 63 votes
12y

Hey guys I know this is an older thread but thought it might be useful to someone else who maybe searching for info on prospectnow. I’ve been using it for about 4months now, my partner and I use it. It’s very convenient when researching a commercial building. You get property owner/ LLC members info, recorded documents such as liens and loans, sale dates, their current lender info. Where I’m at in Las Vegas this is all public info you can gather from county and secretary of state websites. But in my opinion it’s made researching properties much more effective and efficient. Yes @Chris Clark you also get the phone number for the supposed decision maker CEO or managing member if it's available. One of the first calls I made to a building owner was the owner wife’s cell phone. She was a bit surprised we called her number, that’s when I knew this thing worked J So not always the correct # directly BUT its a path.

You can merge with Salesforce and another program I believe. The Tenant search is pretty neat as well sometimes gives you info of how big company is, number of employees, contact info, lease expiration.

Hope this helps, it is a bit pricey at around $90.00/ month but worth it if you’re going to use all its features.

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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    14y

    I haven't, but I'd be interested in your experience. What are you using it for and how are you using it?

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  • Rob Gillespie
    Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
    14y

    Sandy,
    I am not trying to rain on your parade, but it is nearly impossible to find a commercial owner. There are so many partners and investors in most deals, you will probably just get to a manager. I know anything I am involved with is pretty deeply burried. I could not imagine being on any list. I would just use a tax mailing address list, it should get you as far as any paid service. Good luck.

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  • Sandy S Harris
    OP
    Real Estate Investor · Los Angeles/Santa Barbara, CA · Member since 2011 · 102 posts · 14 votes
    14y

    Thanks for the replies. Here is the link: http://www.prospectnow.com/

    Don Konipol, I just signed up for the trial period, and am just familiarizing myself with it's functions. I want to check it out in my capacity as a broker, but my primary purpose is marketing for small multifamily properties to wholesale.

    Rob Gillespie, no worries, I'm always open to good advice. This service does actually give you contact info on LLC's, partners & trusts as well. However, I'm in the process of compiling my lists as we speak, and was really looking for something to supplement that if needed. BTW, I sent you an email yesterday regarding a direct mail thread that I came across where you shared info on the delivery of your yellow letters. I am very much interested, and hope you can find a minute to respond.

    Thanks again.

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    13y

    I'm curious if there's anyone else who has used this product. Thoughts?

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  • Zaid R.
    Investor · Northridge, CA · Member since 2012 · 249 posts · 73 votes
    13y

    Sandy S Harris I am interested in learning about your experience as well, please do keep us posted

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  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    13y

    Sandy S HarrisI had actually put a thread on here asking that same question awhile back and got no replies, so glad to see it here! I just talked to them this morning. If you watch the video it shows that on 'some' of the listings you can even get email addresses.

    It looks like a great tool. I'd like it so that if we're building a project I can contact owners of neighboring properties, potential tenants, etc.
    If we're building an office building and find the neighboring owners, we know they already like the area, know the market, and are great prospects to start with!

    I thought for my purposes Prospect Now along with Parcelquest would cover quite a bit of info.

    For those of you using it, please keep us posted!

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  • Trevor Probandt
    San Angelo, TX · Member since 2013 · 22 posts · 1 vote
    13y

    I love it!!!!!! Contact CRM, automatic label printing, automatic letter mail merge, and I get to do all kinds of detailed searches. I signed up for 3 counties, and have built 6 different search lists and mailing campaigns. It is not a magic bullet and they have little to no info on small population counties. But for major market Texas counties it is pretty darn nice. Again, it isn't a fix all, but for what I plan on using it for, it works very well. $89 a month for the first county and $8.99 for each subsequent county. You can also just purchase one month at a time and sign back up later, or change counties if you want. Just like every other tool, it depends on how you implement it

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  • Trevor Probandt
    San Angelo, TX · Member since 2013 · 22 posts · 1 vote
    13y

    Also, if you use it in conjunction with Wiki Corp or directly call your state you can find the members of pretty much any LLC, Corp, etc. Not always, but most of the time.

    1Reply
  • William Kyle Walker
    Rental Property Investor · Atlanta, GA · Member since 2013 · 119 posts · 28 votes
    13y

    @trevor probandt how are your results after using it for 6 months?

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  • William Kyle Walker
    Rental Property Investor · Atlanta, GA · Member since 2013 · 119 posts · 28 votes
    13y

    @Trevor Probandt

    0Reply
  • Trevor Probandt
    Member since 2010 · 10 posts · 2 votes
    13y

    Works great for what it is, not all records are correct. I get a bit of returned mail, but I send a lot of mail out. What are you looking to do with it?

    0Reply
  • Chris Clark
    Cardiff By The Sea, CA · Member since 2012 · 2 posts · 1 vote
    12y

    I recently heard about this service and was wondering if it provides phone numbers. Does anyone use it for finding numbers? Thanks!

    0Reply
  • Joe Abughazaleh
    Investor · Las Vegas, NV · Member since 2013 · 131 posts · 63 votes
    12y

    Hey guys I know this is an older thread but thought it might be useful to someone else who maybe searching for info on prospectnow. I’ve been using it for about 4months now, my partner and I use it. It’s very convenient when researching a commercial building. You get property owner/ LLC members info, recorded documents such as liens and loans, sale dates, their current lender info. Where I’m at in Las Vegas this is all public info you can gather from county and secretary of state websites. But in my opinion it’s made researching properties much more effective and efficient. Yes @Chris Clark you also get the phone number for the supposed decision maker CEO or managing member if it's available. One of the first calls I made to a building owner was the owner wife’s cell phone. She was a bit surprised we called her number, that’s when I knew this thing worked J So not always the correct # directly BUT its a path.

    You can merge with Salesforce and another program I believe. The Tenant search is pretty neat as well sometimes gives you info of how big company is, number of employees, contact info, lease expiration.

    Hope this helps, it is a bit pricey at around $90.00/ month but worth it if you’re going to use all its features.

    1Reply
  • Chris Cahill
    Property Manager · San Diego, CA · Member since 2014 · 8 posts · 2 votes
    11y

    We used it for postcards and research and found the response to be very disappointing. Seems like it is built for commercial market primary. They do accurately scrape the city/coutny records for basic information but lots of the units are listed in family trusts and use po boxes. Didn't have much luck telemarketing to the phone numbers either. 

    I'd also warn you that the pricing is discounted for annual memberships BUT THERE ARE NO REFUNDS. We tried to cancel and begged for a reasonable amount credited back but after a 30 days were politely told the terms clearly state no refunds, despite my plea for fairness. Unless you are real sure about the value, be careful how long of a term you commit to.  

    1Reply
  • Fred Sams
    Professional · San Diego, CA · Member since 2014 · 232 posts · 20 votes
    11y

    Hi Sandy,

    I just came across this thread, I am looking at tools, and Prospect Now is looking

    quite interesting. Did you ever try out the product, and if so what thoughts

    would you share?

    Thanks in advance.

    Fred

    0Reply
  • Karma Senge
    Lender · Fort Worth, TX · Member since 2014 · 70 posts · 67 votes
    11y

    Hey @Sandy S Harris ,

    I use ProspectNow. And I love it. I can find pretty much anything I want about an owner of a property on there as well as sale dates, LLC info, etc.

    Here is an interview that ValueHound has on their site about ProspectNow.

    http://www.valuehoundacademy.com/public/EXCLUSIVE_INTERVIEW_Finding_Great_Off_Market_Deals_Using_ProspectNow.cfm

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  • Chad K.
    Charlotte, NC · Member since 2014 · 241 posts · 21 votes
    10y

    @Karma Senge @Joe Abughazaleh hey guys, I was reading your comments on this thread becuase I want to use prospect now for wholesaling in my area an was wondering if you believe the prospect now website would be useful for a residential wholesaler? 

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  • Malik Cole
    Germantown, MD · Member since 2014 · 33 posts · 11 votes
    10y

    i have tried it i dont think it is for me 

    0Reply
  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    10y

    I just tested out this product and in my opinion, I wouldn't use it. There's too many restrictions and the system is cumbersome to use. Also, the only way that you can mail out more than 500 is by paying more or using their mailing system.  I found that most of the phone numbers were disconnected or no longer valid. 

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  • John Ma
    Investor · Arlington, VA · Member since 2014 · 151 posts · 37 votes
    10y

    is this more suited for commercial rather residential?

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  • Joe Abughazaleh
    Investor · Las Vegas, NV · Member since 2013 · 131 posts · 63 votes
    10y

    Yes @John Ma definitely for commercial use. I would say Prospect Now is to commercial as to Property Radar is to residential. 

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  • Mike Quin
    Flipper/Rehabber · San Jose, CA · Member since 2014 · 28 posts · 4 votes
    10y

    Used it this month and last month, under 10% of my data was incorrect. 

    Issues:

    +I double checked the records against 2 other property profile sites that are available to CA realtors, Realist and the other can't remember. Under 10% were incorrect. I'd notice some records state incorrect owners or mortgage recording dates that are older than purchase dates. I had called some that listed previous owners not the current.   

    +I also discovered that if you search for multifamily in other states/counties like in Texas, it can't tell if it's Multifamily (5+ doors) or 2-4 units. When you perform a search for multifamily in certain states/counties you'll notice the numbers are really low. I asked customer support and they stated because every county records different data and characteristics. Some do not list the # of units and some put both triplex and 10 unit property in same category. So if you search on 10-50 units you'll get an inaccurate list. I found this out calling and mailing to out of state owners. You think you're calling the owner of a commercial/multifamily property, but it's actually individual condo owners. This happened multiple times. 

    +If you try to share it with someone else they require email verification or which may or may not work.  

    It has great potential, and decent price if you're ok with some errors. 

    0Reply
  • Mike Quin
    Flipper/Rehabber · San Jose, CA · Member since 2014 · 28 posts · 4 votes
    10y

    *under 15% are incorrect. 

    0Reply
  • George Chen
    Flushing, NY · Member since 2013 · 5 posts · 1 vote
    9y

    Too much incorrect owner information and phone number in prospectnow

    1Reply
  • Herschel Ramsey
    Pasadena, CA · Member since 2017 · 1 post · 0 votes
    9y

    I've just discovered this product, and would like to know from anyone,if the residential side of Prospect Now has been valuable in getting off-market listings, as it states in it's demo. How accurate is the contact info you can receive, and the metrics of those sellers who are most likely to list there homes in the next 12 months. I have multiple buyers ready to make the leap into homeownership,but with inventory very low in the Los Angeles market,and competition for newly listed properties at an all time high, I'm looking for marketing strategies to assist a niche of mid-income buyers your. Thanks for reponse

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