MyHouseDeals Reviews: A Better Way To Find Investment Properties?

Published on December 14, 2023

MyHouseDeals Reviews: A Better Way To Find Investment Properties?

MyHouseDeals Reviews: A Better Way To Find Investment Properties?

In real estate investing, finding the right property at the right price is a crucial part of success. MyHouseDeals is a promising solution for investors, offering a unique platform that combines access to discounted properties with essential resources for investors. 

This blog zooms into the features, services, and potential benefits of MyHouseDeals, exploring whether it truly offers a better way to find investment properties. 

From its vast inventory of properties at 20%-50% off retail prices to its additional services like lead generation, funding resources, and educational tools, we examine every aspect to give you a comprehensive review.

What Is MyHouseDeals?

What Is MyHouseDeals?

MyHouseDeals is a real estate company designed to serve the needs of real estate investors by offering a comprehensive range of services and resources. 

Recognized as a legit platform in the real estate industry, MyHouseDeals specializes in providing opportunities for those interested in wholesale properties, fix and flip ventures, and long-term rental investments.

At its core, MyHouseDeals is a marketplace for investment properties, offering a wide selection of houses for sale at significant discounts, typically ranging from 20% to 50% off retail prices.

This selection includes fix-and-flip opportunities, rentals, and land deals, providing a diverse array of options for different investment strategies.

The platform is renowned for its focus on providing off-market property deals. This means that MyHouseDeals offers properties that aren't typically found on traditional real estate listings, giving investors a competitive edge by accessing unique opportunities.

Investors can easily find a property that suits their needs, compare it with similar properties using comps analysis, and estimate the potential income and cash flow.

The site boasts an impressive inventory, with thousands of properties available and new leads added daily, ensuring that investors always have fresh options to consider. Whether you're a seasoned investor or just starting, MyHouseDeals offers options available across 50 states, including hot markets like Texas.

Created by real estate investors for their peers, MyHouseDeals understands the challenges of the real estate investment journey. The platform not only helps investors find property deals but also offers a suite of tools and services designed to support investors at every step. 

This includes a contact network of potential buyers, lenders, contractors, and service providers, which is invaluable for both new and experienced investors.

One of the key features of MyHouseDeals is its funding network. Recognizing that access to capital is a crucial aspect of real estate investing, the platform matches investors with an array of lenders, including hard money lenders, private lenders, and traditional lenders.

This service is tailored to the investor's specific needs and investment strategy, ensuring that they receive offers with the most favorable terms and conditions.

In addition to property listings and financial services, MyHouseDeals places a strong emphasis on education and training. The platform offers a range of resources, including exclusive training sessions with successful real estate investing coaches and access to cutting-edge investment strategies and trends.

This educational component is integral to the platform's mission, helping investors to not only find great deals but also to develop the skills and knowledge necessary to succeed in the competitive real estate market.

MyHouseDeals also provides additional services like property posting for sellers, comprehensive home inspection reports, and access to a curated list of cash buyers and vendors specializing in real estate investment.

These services are designed to streamline the investment process, making it easier for investors to find, fund, and finalize their property deals.

How Much Does MyHouseDeals Cost?

The cost of using MyHouseDeals varies depending on the services and resources you choose to utilize:

Property Posting

Posting a property for sale on MyHouseDeals is free. This allows investors to list their wholesale deals without any charge, making their properties visible to potential buyers 24/7.

Home Inspection Services

There are different packages available for home inspections, each with its own price:

  • Property Condition Report: $295
  • Interior and Exterior Photos Only: $175
  • Exterior Property Condition Report: $69

Real Estate Investor Training

Access to training materials and seminars comes with different payment costs:

  • Quickstart Training Seminars and Additional Training Seminars have individual values (e.g., $97, $119), but it's not clear if these costs are per seminar or for a package of seminars.
  • Access to top-tier membership training seminars requires creating a free account and upgrading to a one-year Premium Elite Membership. The cost of this membership is not specified.

Funding Network

The costs or fees associated with the loans obtained through this network would depend on the terms set by the individual lenders.

Access to Private Lenders, Cash Buyers List, and Vendor List

This content is visible only to top-tier members, but the exact cost is not specified on their website.

Click on their site to explore these features and understand why it’s worth investing in the MyHouseDeals real estate platform. 

MyHouseDeals Features

MyHouseDeals Features

MyHouseDeals offers a comprehensive range of features and services tailored to the needs ofof both seasoned andnew investors. 

Each of these features is designed to cater to diverse investors, providing them with tools and resources to enhance their investment strategies, expand their network, secure funding, and gain valuable knowledge and insights into the real estate market. 

In other words, each of the features is designed to help investors make informed decisions and get the best value from their investments.

Access to Discounted Investment Properties

MyHouseDeals specializes in providing a vast selection of cheap investment properties with even more significant discounts, typically ranging from 20% to 50% off retail prices. This feature is particularly valuable for investors looking for short-term fix-and-flip, rental, or land opportunities that they can add to their pipeline monthly.

The platform sources these properties from various channels, including off-market sources, making them unique compared to typical foreclosure or MLS listings investors get on non-legit sites. 

With a constantly updated inventory of over 5,737 houses at present and an overall track record of over 422,466 deals, MyHouseDeals is a comprehensive resource for finding investment properties across the country. This extensive database that you can filter is crucial for investors who seek variety and value in their property searches.

Done-for-You Lead Generation

MyHouseDeals provides a service that continuously generates leads for real estate investors, so it simplifies the purchase process whether you are looking for flix and flips, property for rent, etc. This feature is designed to save investors time and effort in finding potential investment properties. 

By offering a steady stream of leads, MyHouseDeals ensures that investors have ongoing access to potential deals, thus helping them maintain a dynamic and profitable investment portfolio.

Networking Opportunities

The platform facilitates the expansion of an investor's network by connecting them with other local investors, lenders, contractors, and service providers. This networking capability is essential in the real estate industry, where connections can significantly impact the success of investments. 

By providing a space for investors to grow their buyer's list and connect with key industry players, MyHouseDeals enhances the potential for collaborative opportunities and resource sharing.

Funding Network and Financial Services

MyHouseDeals offers a unique feature called "Fund My Deal," which connects investors with a range of lenders, including hard money lenders, private lenders, and traditional lenders. This service simplifies the process of securing funding for real estate investments. 

Through a quick application, investors can be matched with lenders that offer the lowest interest rates, best repayment terms, and highest loan-to-value ratios, tailored to their specific deal and investment strategy. 

This feature is particularly beneficial for investors who need quick and reliable funding options to close deals promptly.

Real Estate Investor Training

MyHouseDeals provides access to exclusive training sessions led by successful real estate investing coaches. These sessions cover various aspects of real estate investing, from basic strategies to advanced techniques. 

The platform also offers audio training materials and seminars, with topics ranging from property rehabbing to securing private capital. 

This educational aspect is a significant value-add for both beginner and experienced investors, as it helps them stay informed about the latest trends and strategies in real estate investing.

Comprehensive Home Inspection Services

The platform offers professional home inspection services, providing detailed reports on the condition of investment properties. This service includes inspection of mechanical, electrical, and plumbing systems, structural components, and any visually exposed defects not disclosed by the owner. 

These inspections are critical to help new investors understand the extent of repairs or renovations needed, aiding in making informed investment decisions.

Access to Private Lenders and Cash Buyers List

MyHouseDeals offers exclusive lists of private lenders and cash buyers, accessible to top-tier members. These lists are invaluable resources for investors looking for funding options or aiming to sell their properties quickly to cash buyers.

Vendor List for Real Estate Investors

The platform provides a curated list of vendors offering investment-related services. These vendors understand the specific needs of real estate investors, and many offer special discounts to Premium Members of MyHouseDeals. 

This feature is beneficial for investors who require various services like legal assistance, construction, and property management.

MyHouseDeals Pros and Cons

Here are some of the pros and cons of MyHouseDeals that you might want to check out before deciding to use their service.

MyHouseDeals Pros

  • Access to Discounted Properties: MyHouseDeals offers a wide range of investment properties at discounts of 20% to 50% off retail prices. This is particularly beneficial for investors looking for fix & flip, rental, or land opportunities that can provide higher profit margins.
  • Lead Generation: The platform provides a consistent stream of leads on off-market properties, which can be a significant advantage for investors seeking to have a steady pipeline of investment opportunities.
  • Nationwide Deals: With over 422,466 investment property deals across the country, MyHouseDeals caters to investors in various locations, offering a broad geographic reach for property investments.
  • Networking Opportunities: The platform enables investors to expand their network by connecting with other local investors, lenders, contractors, and service providers, which is crucial for business growth and success in real estate investing.
  • Educational Resources: MyHouseDeals offers training and education through exclusive sessions with successful real estate investing coaches, helping investors to stay updated with the latest trends and strategies.
  • Funding Resources: The service matches investors with suitable lenders, including hard money lenders, private lenders, and traditional lenders, thus easing the funding process for various investment deals.
  • Additional Services: Services like free property posting, access to a cash buyers list, and comprehensive home inspection services add value to the platform.

MyHouseDeals Cons

  • Cost of Additional Services: While the platform offers various services, some like home inspections and training materials come at an additional cost, which might be a consideration for budget-conscious investors.
  • Learning Curve for New Investors: While educational resources are provided, new investors might experience a learning curve in utilizing the platform effectively.
  • Membership Requirements: Certain features, like access to private lenders or cash buyers lists, might require a premium membership, which could be a barrier for some users.
  • Limited to Real Estate Investments: The platform is specifically tailored for real estate investments, which might not be suitable for investors looking for a more diversified investment portfolio.

How To Use MyHouseDeals

How To Use MyHouseDeals

The following will help investors actively engage with the resources and services offered by MyHouseDeals. Through this, they can effectively leverage the platform to find, fund, and manage profitable real estate investments.

Create an Account and Explore the Inventory

The first step in leveraging MyHouseDeals is to create an account on the platform. Once the form is submitted and you are registered, you can start exploring the extensive inventory of discounted investment properties. 

With thousands of properties listed at 20% to 50% off retail prices, you have a broad range of investment opportunities at your fingertips. It's crucial to spend time familiarizing yourself with the platform's interface, search functionality, and the types of properties available. 

This initial exploration can help you understand the market trends and identify potential deals that align with your investment strategy.

Utilize the Lead Generation Feature

One of the platform's primary benefits is its done-for-you lead generation. This feature can save you significant time and effort in finding potential investment opportunities. Regularly check the platform for new leads and property listings added daily. 

By staying active and responsive to new listings, you increase your chances of finding lucrative deals before they are widely known in the market. This proactive approach to lead generation is key to staying ahead in the competitive real estate investing landscape.

Expand Your Network

Networking is a critical component of successful real estate investing. MyHouseDeals offers opportunities to connect with other local investors, lenders, contractors, and service providers. 

Actively engage in these networking opportunities to grow your buyer's list and establish connections that can provide valuable support and resources for your investment ventures. Building a robust network can lead to collaborative opportunities, partnerships, and access to insider knowledge and expertise.

Leverage Funding Resources

For many investors, securing funding is a major hurdle. Utilize the 'Fund My Deal' feature to get matched with suitable lenders. 

This service streamlines the process of finding financial backing for your investments, matching you with hard money lenders, private lenders, and traditional lenders based on your specific deal and investment strategy. 

By leveraging this feature, you can find competitive funding options with favorable terms, helping to expedite the financing process and close deals more efficiently.

Engage in Educational Resources

MyHouseDeals offers various educational resources, including training sessions with successful real estate investing coaches. Take advantage of these learning opportunities to enhance your knowledge and skills in real estate investing. 

Whether you're a beginner or an experienced investor, these resources can provide valuable insights into market trends, investment strategies, and best practices. 

Continuous learning and staying informed are key to adapting your strategies to the ever-changing real estate market.

Utilize Additional Services

Explore the additional services offered by MyHouseDeals, such as home inspection services and access to exclusive lists of private lenders and cash buyers. These services can provide further support in your investment journey, from ensuring the quality and condition of properties to finding the right financial partners or investors within the network. 

Utilizing these services can add value to your investment process, helping you make informed decisions and facilitating smoother transactions.

Monitor and Analyze Market Trends

Regularly monitoring and analyzing real estate market trends is crucial for successful investing. Use the tools and data available on MyHouseDeals to keep track of changes in property values, rental rates, and market demand in your target areas. 

Staying informed about market conditions will help you make strategic investment decisions, identify emerging opportunities, and mitigate potential risks.

MyHouseDeals Alternatives

MyHouseDeals Alternatives

Aside from MyHouseDeals, there are multiple platforms you can use to find real estate investment leads. Some of the best are listed below.

MyHouseDeals vs. Property Leads

Property Leads is a service tailored for real estate investors, focusing on providing high-quality, motivated seller leads. What sets Property Leads apart is our unique approach to lead generation. 

Instead of the traditional outbound marketing techniques, we rely on attracting sellers who are actively seeking immediate solutions for their real estate needs. This means each lead generated can serious seller, specifically interested in cash offers for their properties.

We offer exclusive leads, selling each lead to the highest bidder in a particular county to avoid competition among investors. The leads are delivered in real-time to investors' phones, emails, and CRM systems, allowing for swift action and follow-up. 

We also operate on a pay-per-lead model with variable pricing depending on the county, and there's no contractual commitment required, offering flexibility and a focus on lead quality. 

Additionally, we provide a guarantee for off-market leads, ensuring the relevance and quality of each lead. 

MyHouseDeals vs. BatchLeads

BatchLeads is a comprehensive real estate software designed for agents, wholesalers, and investors, offering an array of tools to enhance real estate investment opportunities. 

It simplifies the process of locating off-market or distressed property investments, providing users with quality data and advanced property search capabilities. 

This platform is particularly useful for identifying potential investment properties before they hit the market, allowing investors to purchase at discounted rates. 

BatchLeads aids in finding properties with notice of default, which can be a key strategy for real estate investors looking for high-value opportunities. 

By offering detailed information and targeted lead lists, BatchLeads streamlines the investment property search, making it more efficient and profitable for real estate professional​.

MyHouseDeals vs. BoldLeads

BoldLeads is a specialized lead generation platform tailored for the real estate sector, particularly beneficial for brokers and agents. It functions by generating and nurturing online buyer and seller leads, which are essential in the highly competitive real estate market. 

BoldLeads aids real estate professionals by providing a system that not only generates prospects but also helps in effectively nurturing these leads. This process is crucial for finding investment properties, as it streamlines the search for potential buyers and sellers, particularly those interested in off-market or distressed properties. 

By automating lead generation and follow-up processes, BoldLeads allows real estate professionals to focus more on closing deals and less on the initial stages of lead acquisition and management, thereby enhancing their chances of finding investment properties.

MyHouseDeals FAQs

How Does Myhousedeals Source Its Properties?

The properties on MyHouseDeals are sourced from off-market channels, working directly with real estate investors, wholesalers, and motivated sellers, offering unique deals not typically found on traditional foreclosure or MLS listings.

What Types Of Properties Can I Find On Myhousedeals?

You can find a wide range of investment properties, including residential houses for fix & flip or rental purposes and land opportunities, all at discounted prices.

Can I Find Properties In My Area On Myhousedeals?

MyHouseDeals offers investment properties nationwide. You can select your area on the site's map to view available properties in your specific region.

Summary: Is MyHouseDeals Worth the Investment? (Is MyHouseDeals Legit?)

MyHouseDeals is, without a doubt, a robust platform for real estate investors, offering a wide array of services that go beyond just property listings. 

With its access to discounted investment properties, nationwide reach, and supplementary services like funding assistance and educational resources, MyHouseDeals can really be a valuable tool for both novice and experienced investors. 

Meanwhile, if you are looking for more leads to fill your pipeline, check us out at Property Leads. We offer high-quality seller leads generated from SEO!

Fill out the form below to start getting motivated leads from us!

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