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.
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.
From my experience, the numbers are accurate less than 50% of the time. You'd probably have better luck using White Pages Premium + [Insert State Here] Secretary of State Business Search + Bizapedia. If you want an 80-90% probability in researching cells phones and emails, LexisNexis is the gold standard, but it costs $3K+ annually.
Of course, I can run a search for you for free... if you bring me into the deal!
I kid.
I'm on the verge of pulling the trigger on ProspectNow.
I would like to hear a review with some specifics, especially someone who really worked it. How many records do you attempt to contact and how many records had invalid information?
I think this program is designed for the power user. Someone who will dial 20 phone numbers a day, talk to 3 people, and get 1 "maybe". Put the "maybe's" in the CRM database and set-up a follow-up campaign (phone call; letter; email). Do that three days a week and get 3 "maybe's" a week; 12 a month. In 90-days, it should generate a profitable deal. In a year, more of those "maybe's" will come back to roost. I think that gal/guy will generate 6+ deals a year. If she/he is doing $1million+ deals, that could be darn good money. And, you only work 3-days a week! (Yeah, right...).
I guess I am late to the game here. Seems there is some varying opinions on its accuracy and viability. Although, for less than a 100 bucks a month all you really need is to score a deal or two to make it worth while. Anymore thoughts?
I'm wondering if this could be reverse engineered to be used to wholesale deals? If we can choose how old the mortgage is, If the property is vacant ect. I dont think a 3 day trial would be enough to findout but it's worth a shot.
I just stumbled upon your post when I googled Review on Prospect Now. It's been 9 years since you've posted about trying their system. How did it got? What is your success with them? Do you still use Prospect Now, if not why not? If yes, what is the most valuable that has helped you grow your business?