Real estate investing can be an exciting and profitable venture, but it can also be overwhelming and challenging, especially for beginners. Whether you're a seasoned house flipper, wholesaler, or real estate developer, having the right tools and resources can make all the difference in your success.
That's where Flipster comes in, a popular real estate software program created by experienced real estate investor Jerry Norton. But with so many options on the market, you may wonder if Flipster is worth the investment.
In this in-depth Flipster review, we'll take a closer look at the features and benefits of this platform, so you can make an informed decision and get the most out of your real estate investments.
Flipster is a one-stop shop for real estate investors looking to find and flip properties faster. With its user-friendly search bar and comprehensive review of each property, investors can quickly find deals, generate offers, and manage their sales simultaneously.
Flipster is a comprehensive software solution that provides various features and tools for real estate investors. It is a one-stop shop for property owners who want to find deals, fund real estate deals, and flip properties faster.
Flipster offers a limited free trial that lasts two weeks. The free trial is an excellent way to explore the features of the Flipster software and see how it can help you with your real estate investing goals. After the trial period, you can expect to pay an initial price of $97 a month for the basic package, which includes 10,000 seller contacts.
The basic package provides access to many of the powerful features, such as property profiles, seller leads lists and dashboards, email marketing, offer generators, and more. With the basic plan, users can find properties faster and estimate rehab costs more accurately, making it easier to manage flip projects or invest in rental properties.
If you're looking for more advanced features with more seller contacts, you can choose from Flipster's specialized packages. These packages are designed to meet the specific needs of investors looking for wholesale deals, seller leads lists or other specialized services. With a specialized package, you can access even more powerful tools and features to help you achieve your real estate investment goals.
Flipster supplies users with motivated seller leads, providing property investors an edge in finding deals that could sell quickly. It enables users to filter through absentee and out-of-state owners, as they are more likely to be motivated to sell their rental properties quickly.
As a skip tracing tool, Flipster allows users to search through billions of records to locate phone numbers and emails for cash buyers, motivated sellers, and private lenders, some of the best people to buy houses from.
Flipster connects users to a vast network of private and asset-based lenders who fund real estate deals at competitive rates, reducing the hassle many investors go through while looking for funding.
Flipster helps users filter through cash buyers who've previously paid for a property in cash and are more likely to buy property similarly in the future.
Flipster provides a list of recently sold comparable properties, known as real estate comparables, that allows users to estimate the market value of an investment property, which can help them to make informed decisions when investing in the real estate market.
Flipster's built-in email marketing and SMS marketing tools help users to send bulk text messages and emails to prospective sellers, motivated sellers, cash buyers, and private lenders, securing a motivated buyer with just a few clicks.
Flipster offers direct-to-voicemail technology, which allows users to send recorded messages. This way, the leads that contact them are primarily those who are "ready to go" and move along in the home-selling or home-buying process.
Flipster users have access to an array of pre-written templates that they can use to communicate with potentially motivated sellers, cash buyers, and private lenders, making it easier to find and connect with deal generators.
Flipster's contact and property management tools store all user's important contacts and property details in one easy-to-access place, enabling users to stay on top of every deal they make.
Flipster offers users the option to get a custom website for attracting more sellers to their preferred zip code, complete with high-quality images, virtual tours, and more.
Flipster's instant deal analyzer runs the numbers on any house and tells users the offer price, helping them to estimate rehab costs and potential rental income, which is particularly useful for house flippers who want to make the most of their property deals.
In Flipster's contract library, users can access a wide range of attorney-approved contracts, giving them peace of mind that their agreements are ironclad.
Flipster's property workflow walks users through all the steps of their property deal, providing helpful resources like training videos, scripts, and templates.
Flipster also offers multiple tools for rehabbing, including a budget tracker, a paperless contractor management center, and a rehab checklist, estimating repair costs in 15 minutes or less.
Overall, Flipster is a user-friendly software solution that helps real estate investors find motivated seller leads, fund real estate deals, and flip properties faster. It provides a range of features that enable users to find and evaluate properties, communicate with motivated sellers and cash buyers, and manage contacts and property seller lead lists.
Using Flipster is a straightforward process, and it's designed to be user-friendly for real estate investors of all levels. Here are the basic steps to using Flipster:
Flipster and Propstream are two popular real estate software solutions that offer many similar features at a similar price point. While both platforms offer basic plans priced around $97-$99 per month, Flipster may provide more value to real estate investors.
One significant advantage of Flipster is the breadth of leads it offers. Flipster provides users with leads across all categories, including MLS leads, cash buyers, and private lenders. On the other hand, Propstream has limited lead areas, lacking absentee owners, out-of-state owners, and prospective sellers.
Another area where Flipster stands out is in its resources for funding. Flipster offers a funding network, private lender leads, and other funding options, whereas Propstream provides little to no help with funding.
Propstream has unique features, including a rehab estimator tool to calculate rehab expenses and a broad reach with over 153 million properties listed nationwide. However, regarding the overall value for real estate investors, Flipster may be the better choice.
Ultimately, the choice between Flipster and Propstream depends on the specific needs of the real estate investor. While Propstream may be a good option for those looking for a wide reach and rehab estimator tool, Flipster offers more specialized packages, comprehensive leads, and funding resources for a higher value overall.
Flipster is a paid tool that provides leads across all categories. It offers marketing and funding networks and specialized packages for users. On the other hand, FlipScout is a free tool powered by New Silver, a non-bank lender specializing in fixing and flipping, buying and holding investments, and more.
One unique aspect of FlipScout is its tie to New Silver, which allows investors to instantly calculate financing costs and see the potential return on investment directly from the FlipScout portal.
It allows users to search for real estate investment options in any city or zip code, offering data on the property, such as estimated repair costs and ROI. It also provides alerts, access to critical data, and property details.
While Flipster offers a more comprehensive and powerful set of tools for real estate investors, FlipScout stands out for its ability to provide access to properties with high ROI potential for free.
FlipScout is also backed by a lending company that can provide easy access to funding for investors. However, Flipster has a wider range of leads and marketing and funding networks that may be more suitable for investors looking to expand their portfolios.
Yes. Flipster's plan is month-to-month, and you can cancel your subscription anytime.
No, you do not need real estate experience to use Flipster. The software is designed to work for both brand-new and experienced investors. Flipster is easy to use and even comes with tutorial videos.
Additionally, the Training Center provides lessons on the basics of real estate.
No, you do not need to install software to use Flipster. It is cloud-based software, so you can access it from any device with an internet connection, including smartphones, tablets, and computers (Mac and PC).
Yes, Flipster works in all 50 states. Flipster provides motivated sellers, cash buyers, and private lenders in every state, and all the tools work nationwide. In fact, even users from Canada who flip houses in the US use Flipster.
Success in the real estate industry depends not solely on using such tools. So while Flipster may provide some advantages, it's important to remember that success in real estate investing requires much more than just software. It takes dedication, a willingness to learn and adapt, and a deep understanding of the fundamental principles that govern the industry.
Furthermore, the effectiveness of software programs like Flipster is highly dependent on the individual's marketing channels, advertising costs, and unique investment strategies. Therefore, it's essential to carefully evaluate each tool's potential benefits and limitations and determine whether it aligns with your specific needs and goals.
Flipster may offer some assistance, but it's not a one-size-fits-all solution to success in the industry. Instead, success results from a comprehensive approach integrating software tools, market knowledge, and practical experience.