With the easing of restrictions after the pandemic ravaged the world and falling mortgage rates since 2020, the real estate market has been on a hot streak.
With the sudden affordability in taking out mortgages, people shifted their spending to focus on getting houses of their own, causing demand to surge and prices to spike. In fact, home prices have risen to more than double since the 2008 subprime mortgage crises, but have since shown signs of cooling off.
Compared to the last quarter of 2022, median home prices are down 9% right now, just as the spring homebuying season is starting.
Still, housing price is mostly dictated by the law of supply and demand. Tight inventory is still keeping prices high, so it's still very much a seller's market.
Some houses for sale don't even make it into public listings, as they get sold off market to buyers flush with cash. Yes, that really happens.
So, as a budding real estate investor who's still building their own network and trying to make it in this competitive field, you wonder if there's a way for you to level the playing field.
Success in real estate investing hinges on finding a motivated seller for that incredible deal.
But how do you do that?
Simply putting up yard signs with your phone numbers and waiting for your phone to ring doesn't seem to cut it. You need something that can actively find leads for you.
Enter Dealulator.
An easy to remember website whose name is a portmanteau of the words "deal" and "calculator", it comes packed with impressive features to give you an edge over the competition.
In this article, we'll give you a walkthrough of the website and how you can use it to find deal after deal so you can achieve success in the business.
Yes, the real estate market is still hot right now. Supply still can't keep up with demand, and you may have heard of houses in certain neighborhoods selling like hotcakes.
Of course, you'd want in. So, how can you get a piece of the pie?
Whether you're a newbie, a seasoned house flipper, or a veteran buy-and-hold investor, you need to be able to consistently and efficiently find motivated sellers: property owners looking to dispose of their house quickly and below market value for one reason or another.
They typically sell to a cash buyer, as not only do they get money fast, usually, closing costs are shouldered by the buyer. Getting in touch with these sellers can be challenging unless you have a lead generation strategy in place.
Dealulator is a real estate investing website that offers a suite of services to help real estate investors find motivated seller leads.
It makes use of an advanced investing software, a CRM platform, marketing tools, and access to a treasure trove of real estate data and analytics so you can strategize and adapt to your market’s ever-changing needs.
Dealulator has a 5-day free trial for the real estate investing software Propstream, so you can test drive the app before committing to a monthly subscription. Use this period to get familiar with the software, and Dealulator has plenty of videos to guide you.
After your free trial, the price of the subscription starts at only $97.00 per month which can be cancelled anytime. You can pay using a credit or debit card, or have the fee automatically debited from your bank account.
In this day and age, information is king.
With this subscription, you gain access to the website with its goldmine of real estate data such as mortgage and tax information on over 150 million properties nationwide.
This database can be accessed on your computer or mobile devices such as tablets and phones. You can choose from over 120 filters and criteria to refine your search and make it easier for you to find an amazing deal.
This is a free feature wherein you can use the app's Drive feature on your mobile.
You can add up to 10 scouts to your team so that you can track your drive, tag properties, see basic property information, make notes, and share this data to the rest of the team.
Another free feature on the website, you can have professional contracts instantly.
These suite of free templates include a contract for a Land Sale, a Purchase & Sale agreement, and Closing Details Sheet.
Just fill in the relevant information (don't forget to put the updated date!), where it is then stored into the website's server, click 'Generate', and you'll have the contract automatically downloaded to your device.
On top of your subscription, you can opt to have these quality of life features to help you manage and evaluate your leads list and add people to your subscription so you're able to do more in less time.
Comps, or comparables, are recently sold properties in an area with roughly the same characteristics such as square footage, number of bedrooms and bathrooms, features, and amenities.
Running comps is necessary if you're trying to establish the market value of a property--you don't want to end up with a lowball offer that you lose out on the opportunity, or paying more than you should that you miss out on future profits from the flip.
Nevertheless, running comps, or doing a comparative market analysis (CMA) entails plenty of research, legwork, and a significant time investment.
If you're working with a realtor, they'll be the one to do this for you, but you don't want their fees and commissions shaving off some of your profit, do you?
Fret not, with Dealulator's comps for cash feature, you can have comps in your neighborhood for only $35 a pop.
What good is having plenty of leads if you can't take care of them all?
Similar to a garden before it can bloom, to convert a sales lead into your business, you have to tend to it! Your leads must continually have exposure on you so that when they are finally ready to sell their property, you're the first person that comes to their minds.
With Dealulator’s CRM platform, you can customize your marketing campaigns and deliver them straight to your prospective customer’s inboxes.
Additionally, since it is estimated that over 70% of Americans check facebook on the regular, why not set up automated facebook messaging so you instantly get in touch?
All these and more for only $49.00 a month!
Just fill in your name, company name, email, and phone number and you’re good to go!
Spending effort and dollars marketing to old, inactive leads is absolutely wasteful. Want your list of leads to automatically refresh daily and scrub out old ones based on the criteria you set?
With the List Automator Tool, it's possible for an additional $27.00 per month!
This convenient add-on frees you up from manually updating your list so you can focus on closing more real estate deals!
In this day and age where remote work has really taken off, you and your team may need to access the software from different locations.
Instead of purchasing additional subscriptions, you can purchase additional logins for only $20.00 per month!
You can add up to 5 team members per account, and they'll be granted full access to the software so you can leverage your time.
Additionally, Propstream provides tools so that, with the press of a button, you can conveniently get in touch with motivated sellers.
These tools can be availed as in-up purchases:
Dealulator uses Propstream's investing software. Therefore, subscribing to Dealulator unlocks all of Propstream's features as well.
Is it a buyer's market, or a seller's market? How's the rental market nowadays? Where are the hot spots?
With data on over a hundred million properties, it can easily provide you with real time analytics so you never have to wonder about the current state of the market. You can easily shift your strategies to be able to ride the trends and make it work for you.
This data includes rental values, mortgage information, estimated price, and repair estimates, among many more. Knowing the relevant information allows you to decide whether to flip more real estate, or just buy and hold for now and wait for the market to heat up again, for instance.
When looking for investment properties, you want to get one that you could purchase for below market value. You really aren't after something that's move-in ready, in fact, the uglier the house, the healthier the profit margins you're going to have, especially if you're looking to flip more real estate.
The software makes finding distressed properties to flip easier than ever.
You can search by property types such as single-detached, condos, duplexes, townhomes, even idle land--you name it!
It's also possible to search according to usage: residential, commercial, industrial, and agricultural, to name a few.
What's more, the property search feature isn't restricted to your immediate location. You can expand your search to cover areas out of state, so you can always go where opportunities lie.
To start off your search, you can key in the property address.
If you don't have it, you can always type in the zip code, county, or city.
The website also has a drawing feature so you can easily draw around the area you're interested in and it will display the available properties that match your criteria.
If you want to run a precise search suited to your investing style, you can choose from over 120 filters to generate targeted leads.
Real estate investors can use the following filters when scouting for potential properties:
Once you have set your criteria, the software will let you know when a new listing pops up, so you get ahead of the pack.
If you get the List Automator tool add-on, new leads will instantly be added to your list of leads so all you have to do is pick up the phone and give the owner a call.
What good is a promising property if you can't contact the owner about it?
Thankfully, the software doesn't skimp on the details.
You can get a homeowner's phone number, email, and mailing address with its built-in skip tracing feature. Bundle it with a professional postcard feature for $0.40 each, you can introduce yourself to the owners quickly!
It's better than the Multiple Listing Service (MLS) since it is instantly accessible.
You can run comps yourself by filtering for county records, neighbor information, comps reports, MLS comparables, and average Days on Market (DOM).
Or, you can let Dealulator do the heavy lifting for you by getting Comps for Cash as discussed above!
With the rehab estimator tool, the software can easily give you an estimated total cost to renovate. Choose a project category and a specific area, and you'll instantly have an estimate.
You don't need to be a realtor to access all that Dealulator has to offer. All you need to do is subscribe and you can have all the real estate data right at your fingertips.
You can easily get lost in hours of content found on the website. With a comprehensive, nearly-hour long demonstration on how to use Propstream, you can get a pretty good grasp of the instant you sign in.
This is a big plus!
As an investor, you're always on the go looking for the next amazing deal. Being able to access the software on your phone means you have access to potential clients anytime, anywhere!
A new software can be overwhelming at first, especially for something as rich and feature-packed as Dealulator's Propstream app.
In fact, the free trial period may not be enough for you to explore the breadth and depth of the software.
There are plenty of instructional videos and articles on the website to help guide you in your investing journey. It can even be considered a free course in real estate marketing!
That said, a search or help function would be nice so you can quickly look something up if you need it.
There is no CANCEL button on the website or on the app, and the only way to do it is to email their customer service directly.
The baseline subscription costs $97.00. Now, if you opt for all of the add-ons, it could run you over $200.00 per month! That's not counting each automated email, skip trace, and the like. Just keep a careful log of your expenses and you're good.
If you're just starting out as a real estate investor, you must be familiar with Realtor.com. This website has been around since the 90s, and though an invaluable and free resource for the public, you need a real estate license in order to get access to its best information.
Dealulator has no such limitations.
As long as you're subscribed to the website, you have access to real time property data, giving you powerful bargaining tools when negotiating with the owners so you can score an awesome property deal!
The MLS has a high barrier of entry, namely, a real estate license.
This is because it is an exclusive, cooperative marketplace made by realtors, for realtors.
For example, a realtor is representing a seller. They will list the property on the MLS, and other realtors representing potential buyers will get in touch with them until a deal is struck and money changes hands.
In addition to the license, there are hefty fees to worry about.
These fees are charged per location: around $200-$300 annually.
If your intended market is the whole of United States, that's an easy $10,000-$15,000, which translates to $800-$1,200 monthly.
Compared to Dealulator find and flip and the value it provides, suddenly $97.00 a month suddenly doesn't seem too much, does it?
Yes!
According to the whois database, it was registered way back 2017. Based on experience, the longer the website has been around, the higher the chances that it isn't set up just to scam people.
Additional info: its registry domain ID was acquired from GoDaddy, an entity called a registrar responsible for selling domains to the public.
The owner of the website wishes to remain anonymous, and as such cannot be contacted directly, hence its the registrar abuse contact phone that is in use is that of the registrar’s.
It is no secret that investing in properties is a very effective way to build wealth.
And in order to be successful in this field, you need to be equipped with the right tools.
If you watch videos or you keep reading books about investing, you're already on the right track. But this is just half of your success equation. The easy part.
Now the hard part is reaching those leads and converting them into deals. And Dealulator is here to help you make the hard part a lot less difficult, for only $97.00 a month.
That's a drop in the bucket compared to what you'll be making after a winning deal!
Don't think so? We'll give you an example.
Say you're able to snag (with Dealulator's help) an old house with an ARV of $250,000. Let's also say that the cost of repair is $50,000.
Applying the 70 per cent rule in real estate, you offer $140,000 for the property.
Being a motivated seller who cannot be bothered to do the repairs themselves, the owner accepts. Once all the repairs, upgrades and renovations are done, that's a cool $60,000 in profit!
You just successfully earned back the subscription fee you paid out over 600 times!
You decide whether it's worth it or not, because for us, it's definitely worth it.
But what if instead of subscribing to a website for a fixed monthly amount, you skip all of those and pay per lead instead?
Yes, you heard that right!
Instead of you trying out the different filters and property criteria, scouring the map, running your own comps, and reaching out to potential home sellers via email, cold call, or facebook messaging, what if it’s the other way around?
The other way wherein highly motivated sellers find you!
Here at Property Leads, we’ll provide you with the freshest leads that have the highest chances of conversion into awesome deals! When owners wish to unload a problem property, they typically search keywords such as "cash home buyer", "how to sell my house fast", or "sell my home for cash", which leads them straight to our doorstep, then towards you!
The best thing about us? Absolutely no cost at sign up. You only pay once you get the lead from us!
Ready to take your business to the next level?
Fill in our form below and then book a call with us so we can get started!
30 N Gould St Ste N
Sheridan, WY 82801
(207) 309-3949
sales@propertyleads.com
