One of the best sources of real estate leads is the Multiple Listing System (MLS) of local markets. However, the MLS is exclusive only to real estate agents or realtors.
The good thing is, you can get access to real estate deals on the MLS through various platforms even if you are not an agent. One of these platforms you can use for searching MLS listings is FlipComp.
In this blog, we'll look into what FlipComp has to offer — from its features and pricing to ease of use and pros and cons. Let's begin!
FlipComp is a real estate investor tool that helps analyze thousands of properties in the Multiple Listing Service (MLS) and the platform’s exclusive wholesale deals. After analyzing the listings and identifying the discounted ones, they’ll be sent to your smartphone.
Ultimately, FlipComp gives real estate investors instant access to listings that they otherwise won’t find anywhere else. It saves real estate investors time and money since they no longer need to partner with a realtor or real estate broker to get instant access to the MLS.
What’s more, FlipComp will already analyze these MLS deals to find the most profitable ones. Real estate investors and brokers won't find themselves creating a spreadsheet or doing manual comps of each deal as this platform will send the deal with the most potential directly to them. In short, it identifies deals that you should finance.
FlipComp charges $149 per month when you sign up. This gives you access to MLS listings 24/7, custom alerts, deal analysis and automated comps, and phone and email support. They offer a 30-day money-back guarantee in case you are not satisfied with their services.
Note, however, that when you sign up for an account, FlipComp will ask for your personal information as well as credit card details.
FlipComp has been around for quite a few years and it’s still one of the most preferred MLS deal sources for real estate investors due to several reasons.
FlipComp serves as a real estate broker that can give you access to MLS listings around-the-clock. In other words, you get access to the most precise property listing database in the nation so the only work you need to do is find buyers. This database is constantly accessible and is always updated every few minutes.
No more guesswork or spreadsheets if you use FlipComp’s deal analyzer. Using this feature, you’ll be able to calculate how much cash is required for the real estate transaction as well as your potential profit.
Depending on your search criteria, FlipComp will alert you regarding the hottest houses as soon as they are listed on the MLS. Just set the property alerts and you’re good to go for the rest of the period you’re using FlipComp.
No more dreaming about opening your email in the morning and seeing bargain properties waiting for you.
When looking for investment opportunities through FlipComp, you can save time by using keywords. For instance, you can type in the keywords "motivated sellers" or "fixer-uppers" and FlipComp will search through every listing to find them. You can also search by MLS number, address, city, zip, and country.
As mentioned, FlipComp removes the need for manual calculations or spreadsheets. But aside from this cool feature, they can also let you view every property listed in a specific area and sort them by their profit potential.
FlipComps allows you to browse MLS listing data side by side with public property data so you get all the information you need about a certain property on just one page.
As is with any real estate investing tool, FlipComp has its pros and cons. While the majority of its users are very satisfied with its service, there are some aspects of the platform that still needs improvement.
In this section, we list down FlipComp's pros and cons to help you decide whether they’re worth the investment.
To get started using FlipComp, the first thing you have to do is create an account. You would need to input your personal information and credit card details in the process.
Once you’ve already made an account, you’ll get instant access to deals on the MLS. You get to see whether the listing is active, where it is located, your potential profit, and more. From the property list, you can use search filters and sort the listings according to profit potential.
To see a demo of how FlipComp works exactly, you will be required to make an account.
Aside from FlipComp, there are many platforms that can offer you access to MLS data or provide you with the best motivated leads. 10 of which are listed below.
With the help of Realeflow's real estate investing software + marketing stack, you can find properties, evaluate real estate investments, and close deals. The main similarity between Realeflow to FlipComp is that they can both help you with lead generation and deal analysis.
Moreover, Realeflow can be used for CRM management, repair estimator, email promotion, marketing websites (Facebook, Instagram, etc.), mailing lists, printing and distribution of mail, etc. It can also help you find buyers or a real estate investor that can fund your deal.
FlipScout is New Silver’s free tool that uses data and intelligence to assist real estate investors in identifying the most profitable properties.
Through this platform, searching for a house anywhere in the nation to flip or rent out is super easy. Here are some of the reasons why it’s favored by many:
Flipster is a database of real estate listings that includes properties suitable for fix and flip investing. A home flipper, real estate investor, or realtor or agent can easily search this database and find properties to flip or sell so they can save time and streamline their business process.
You can access different listings from FlipComp including MLS listings, fixer-uppers for sale, and distressed properties. The leads shown on Flipster are updated daily. This allows users to find more accurate property details.
PropStream is a great tool that can assist a wholesaler or flip investor in managing real estate investing data. Moreover, it is also one of the best sources of real estate data you can add to your investor CRM.
PropStream is a favorite among real estate investors since it has many added features. It does not only offer all the data they aggregate nationwide but also gives you the ability to keep your property records up to date. They have reasonable prices so they are suitable for both new and seasoned investors or buyers.
Flippers, wholesalers, cash buyers, and other real estate investor types can easily identify off-market properties as well as connect with selling owners through the Deal Machine software.
Deal Machine's “driving for dollars” application is without a doubt its standout feature. This allows you to retrieve information about a property while driving for dollars. You can also use its tools for list creation, CRM, bulk lead upload, direct mail, batch skip tracing, and others.
Zillow seeks to make property listings from the MLS more accessible to all. It displays real-time MLS listing information that non real estate agents can access for a fee.
Ultimately, the public data shown on Zillow such as average rents, previous house values, comps, trend research, and others may be helpful in flipping houses.
Moreover, Zillow has an extensive blog with advice about real estate trends that you won’t get from FlipComp.
FlipperForce was created to manage remodeling jobs for home flipping. This platform was named one of Software Advice's Front Runners for 2021 and received awards from Capterra for Ease of Usage and Best Value in 2021.
Basically, FlipperForce assists real estate investors in finding a house to rehab, analyzing transactions, managing the timelines of their rehab projects to stay on schedule, determining the maximum purchase price of a property, keeping track of daily activities, estimating the costs of their rehabs, etc.
Thousands of real estate investors nationwide rely on REIKit’s virtual real estate wholesaling and house flipping software.
The software enables real estate investors to close more deals by giving them: motivated seller leads or prospective houses, effective direct mail postcards, comps, automated systems for email marketing, ringless voicemail, cold calling, and text marketing so you can generate leads, and of course, it’s similar feature with FlipComp — an expert analysis tool so you can identify transactions that are profitable.
Mashvisor is excellent software to use if you are new to real estate investing because it uses artificial intelligence to find highly profitable investment properties near you. Mashvisor's data is highly accurate as its software gathers public data from different data points.
Some of the best features of Mashvisor are its off-market property locator, lead qualifier, property comparison tool, real estate calculator, property finder, and area analysis. You can simultaneously search potential properties in 10 different locations using Mashvisor.
The main goal of Batch Leads is to generate seller leads for real estate investors and speed up their business growth. Similar to FlipComp, they have a deal analyzer and smart search that you can use to identify highly motivated sellers.
Aside from smart search and deal analyzer, Batch Leads also offer skip tracking, driving for dollars tools, and marketing campaigns to find more houses for sale. Currently, there is more than 155 million U.S. property information you can access through Batch Leads.
There is no doubt that FlipComp is an industry-leading source of MLS deals. Its deal analyzer feature along with custom property alerts are also some of the reasons why many real estate investors have been using this service for years.
Nevertheless, if you're already using FlipComp but are still interested to find more motivated leads to fill your pipeline, check out Property Leads. We offer exclusive leads generated from SEO so you get less to no competition.
To start getting your motivated leads from us, fill out our form below.