Investor · Truckee, CA · Member since 2013 · 546 posts · 445 votes
12y
Charles - Brian is right, the products are very different. First let me clarify that we have two products: 1) ForeclosureRadar - which offers the best foreclosure information for AZ, CA, NV, OR and WA. We're different then other foreclosure services because we track what actually happens on the court house steps, not just the public record notices recorded at the county. 2) PropertyRadar, our new product, currently for CA only, that offers everything ForeclosureRadar does, plus information on every property in the state, every transfer, listings, comparables and more.
Our focus is on making public record property data usable for investors in ways that help them make money, save time or reduce risk. I built the tool based on my personal experience buying and flipping more than 150 properties. Our investor customers are buying $300-500 million dollars worth of property a month using our products. A claim I'm comfortable that no one else can make.
I tried using public record life event data to buy deals - divorces, bankruptcies, probate, etc - but didn't find it to be of much value. What worked for me in buying those deals was building relationships with attorneys and other related parties that see the deals way before anything is recorded. You can then use our product to get all the details on the property fast. Hopefully Rebo's customers are having more luck with the life event data, but we haven't offered it, because I'm not convinced its worth pursuing. Would love to hear if any investors have actually done any deals using it, as it would be super easy for us to add to our service.
P.S. Eddie - note that title companies in CA rarely provide foreclosure lists, and are barred from providing them to anyone with a real estate license by SB133. Also, we don't just track the notices, but all the postponements, cancellations, sales, etc. so we offer a lot you can't get from the title co regardless.
Investor · San Jose, CA · Member since 2012 · 2k+ posts · 3k+ votes
12y
Robogateway is charging $30/month/county while propertyradar is charging $50/month for all of the counties in CA. If you farm more than one counties, propertyradar is the way to go. Both are great.
Real Estate Investor · Belton, MO · Member since 2013 · 50 posts · 6 votes
12y
If your looking for preforeclosure you might wanna try a title company. Usually these websites get their information off them. My title company charges $5 for a report containing 50+ names in various counties with original loan amount, date, and address.
Charles, the two products you are inquiring about are very different. My name is Brian Fox, I am with Benutech Inc., the creator of ReboGateway. Property Radar focuses mainly on two items: Foreclosure action on property and equity positions on property (upside down, to positive equity). ReboGateway on the other hand is designed to create listings for Realtors or real estate investors. It focuses in on the events that occur in the lives of homeowners that cause them to sell. Prime example; Divorcing couples sell property at a much higher rate than non-Divorcing couples. Divorce filings in ReboGateway are matched to real property, Why? Statistically speaking, divorcing couples sell property 22% of the time within 12 months of the filing - so marketing to these homes, as opposed to "random" homes (that sell at 2-4% rates annually) is much more lucrative to Realtors and investors. ReboGateway serves up different data types by region. Those data opportunities can include mortgage defaults, tax defaults, divorce, probate, FSBO, evictions, negative assessment properties, among others. ReboGateway is very unique and it is statistically proving its success with its subscribers. Both Property Radar and ReboGateway are very good products, they just have different goals. Hope that helps give you some additional direction.
Investor · Truckee, CA · Member since 2013 · 546 posts · 445 votes
12y
Charles - Brian is right, the products are very different. First let me clarify that we have two products: 1) ForeclosureRadar - which offers the best foreclosure information for AZ, CA, NV, OR and WA. We're different then other foreclosure services because we track what actually happens on the court house steps, not just the public record notices recorded at the county. 2) PropertyRadar, our new product, currently for CA only, that offers everything ForeclosureRadar does, plus information on every property in the state, every transfer, listings, comparables and more.
Our focus is on making public record property data usable for investors in ways that help them make money, save time or reduce risk. I built the tool based on my personal experience buying and flipping more than 150 properties. Our investor customers are buying $300-500 million dollars worth of property a month using our products. A claim I'm comfortable that no one else can make.
I tried using public record life event data to buy deals - divorces, bankruptcies, probate, etc - but didn't find it to be of much value. What worked for me in buying those deals was building relationships with attorneys and other related parties that see the deals way before anything is recorded. You can then use our product to get all the details on the property fast. Hopefully Rebo's customers are having more luck with the life event data, but we haven't offered it, because I'm not convinced its worth pursuing. Would love to hear if any investors have actually done any deals using it, as it would be super easy for us to add to our service.
P.S. Eddie - note that title companies in CA rarely provide foreclosure lists, and are barred from providing them to anyone with a real estate license by SB133. Also, we don't just track the notices, but all the postponements, cancellations, sales, etc. so we offer a lot you can't get from the title co regardless.
Investor · Truckee, CA · Member since 2013 · 546 posts · 445 votes
12y
Dennis - yes for foreclosures we track both notices of default (NOD) and notices of trustee sale (NTS), as well as auction updates and Trustees Deeds. One thing that is really cool with PropertyRadar is that we also track when auction purchases are resold (for bank and investor purchases separately), which makes it really easy to see how well various investors are doing on their courthouse step flips.
Fremont, CA · Member since 2016 · 6 posts · 1 vote
10y
@Sean OToole The process to sign up on propertyradar seems incomplete. It asks me to login and update my subscription information. But it won't let me log in ! Now I am just waiting for support to contact me because there is no direct line that I can call? Kinda broken - isn't it? You may have great data and useful info in there, but the first experience is a little concerning. I just hope you don't respond to this post telling me something I didn't do :-) I just followed instructions.
Investor · Truckee, CA · Member since 2013 · 546 posts · 445 votes
10y
Hi @Chintan Ce, yes if you have had an account previously, we do ask that you simply log in and restart your account. Not sure why it didn't let you login, I assume you either remembered your password or reset it? If you did that and it won't let you login, then something is definitely broken.
We don't offer call in phone support because it is too difficult to staff such that people don't sit on hold AND keep our prices so low. That said, getting support is easy, and it sounds like you figured it out, but haven't heard back for some reason. Did you check your spam folder - that is the most common thing when people don't get a response during business hours.
I'll check with the team and make sure they responded, and ask them to try to reach you again right now.
Realtor · Miramar, FL · Member since 2015 · 15 posts · 9 votes
10y
For those who care to know I'm a new wholesaler in the southern California area. I have ZERO background in direct sales or real estate for that matter and I've been crushing it these past couple months using property radar. Love this app! Hope that helps! I wish I could say I've used both to tell you which is better but I can't. I do have intentions of trying out Rebogateway when I get around to hiring someone to pursue those leads. Great product @Sean OToole
Los Angeles, CA · Member since 2015 · 1 post · 3 votes
10y
I use both services. I probably do not utilize all their services to the maximum.
https://youtu.be/opvLunjsC9k
For Rebogateway I use their alert system. It sends me e-mail notifications on what activities that happens In my selected areas. As for Propertyradar I pretty much use on a daily basis checking out clients equity. On the dashboard of input to prospects address click on equity and take color codes the homes in the area. With different colors depending on equity. Purple owned outright & of red 20% or more underwater. There's other codes in between. But you get the idea. These two features are the only two features I really use these two companies for. Attached is a link showing how I prospect and use Propertyradar
Realtor · Miramar, FL · Member since 2015 · 15 posts · 9 votes
10y
@Cornelius Charles In a nutshell, I use property radar to identify homeowners who are in preforeclosure/ foreclosure phase and make every attempt to reach out them before their house goes to auction. This could mean sending them a letter, knocking on their door, if their not OCC I'll talk to the tenants and convince them to give me their landlord's number. From there it's up to you to speak to that seller, add value to their situation and make the close.
Thanks for the info. I guess I wasn't clear with my question. By metrics, I was looking for numbers behind what you're doing using property radar. For example, # of mailers sent, leads generated, deals closed, etc.
I find propertyradar very slow and has a lot of gliches. I've used it for a while because their hasn't been much competition. Their iPhone App is very slow and their website has had many gliches that at times I've had to just use public records (which is free) to look up data on a property.
Pretty unhappy with it but I feel stuck. I still use it a lot but I haven't had time to look into other options...
Investor · Truckee, CA · Member since 2013 · 546 posts · 445 votes
9y
@Will F. - how old of a computer are you using and of what type? We've got a very modern infrastructure, a full instrumented app (meaning that it self reports problems) and a large team of engineers that tackle issues as they come up. That said, we've got a ton of functionality and we do require modern equipment - so don't expect us to run well on old or cheap hardware. Beyond that you should report issues to our support team and we'll get on them. I use the apps every day on an iPhone 7 and 2013 MacBook Pro (using Chrome) with zero problems.
One exception is that certain queries can sometimes still be slow, but with 200 criteria and 100's of millions of records that's to be expected. The biggest things that folks don't understand about PropertyRadar is that we tie every bit of data together so our search results are always current and in sync - giving you more up to date results. That is computationally much more complex then most of our competitors who are just doing simple searches against pre-compiled flat files and showing pre-compiled property profiles.