Archive for the ‘Reviews’ Category

PropStream Review 2023: Worth the Cost? Pros, Cons & Pricing

Posted on No Comments

PropStream is the go-to site for real estate entrepreneurs who want to expand their property investment portfolios. Armed with up-to-date and reliable real estate data, PropStream clients use the mobile app to capitalize on markets nationwide, anywhere they happen to be.

Seasoned real estate investors know that incredible deals pop up in seconds – and disappear just as quickly. Hesitate, and you lose opportunities. Jump in without knowing the facts, you could lose your shirt.

PropStream provides instant access to live data from real estate markets all over the country. A couple of clicks to research and evaluate the properties and get accurate comps, and entrepreneur investors add another property to their portfolios.

Importance of Real Estate Investment for Wealth Building

Wise investors understand that it is not the acquisition of wealth that matters, but the ability to safeguard and preserve it. An ancient Chinese proverb describes the dissipation of family fortunes as going from “rags to rags in three generations.”

In other words, without implementing successful wealth-building strategies, what one generation makes is squandered by the second generation until there is nothing left for the third.

Those who want to establish legacies of generational wealth should focus on amassing appreciable assets like real estate. As the old wag Will Rogers once quipped, “Buy land. They ain’t making any more of the stuff.”

What Is PropStream?

The founders of PropStream believe that real estate entrepreneurs need accessible and verified up-to-the minute information on real estate data in markets all over the United States.

By providing a bevy of app-based and online investor resources under one umbrella, entrepreneurs have the tools they need to begin building wealth to span generations and defy market plunges.

Where It All Began

The first iteration of PropStream began in 2006 as EquiMine, a real estate data aggregate designed to generate leads and locate off-market properties for industry professionals.

The startup company continued to adapt and grow organically. It launched its online subscription service in 2018, followed two short years later by the rollout of their mobile app.

In the fourth quarter of 2021, the premier title services agency, Stewart Title, acquired PropStream.

Services and Features Offered by PropStream

PropStream collects and crunches data to make it available in real-time to its subscription customers. To make the most of that gleaned data, PropStream also:

  • Provides accessible customer support
  • Has a strong technology stack
  • Scans multiple databases, including MLS records, private records, and county court records

Cash buyers and buyers of high-equity homes find success using PropStream’s handy technology to find the most recently available properties.

PropStream determines which buyers within a geographic area are motivated to sell their properties even when those properties have never been listed before.

Both the mobile app and online site share daily updates to subscribers for all the following:

  • Vacant properties
  • Public auctions
  • Pre-foreclosure filings
  • Liens – tax, mechanic’s, and HOA
  • MLS listings of failed listings, contingent, pending, and active listings
  • REO and foreclosed properties
  • Non-owner occupied properties
  • Free and clear properties
  • Bankruptcy and divorce filings
  • Property details (square footage, number of bedrooms and bathrooms)
  • Deceased owners
  • Linked properties
  • Owner details
  • Transaction history
  • Flippers
  • Zombie foreclosures
  • Rental values
  • Mortgage information
  • Senior citizen owners
  • Landlords looking to unload inhabited properties

These are just some of the daily updates available to subscribers in search of the next great real estate deal.

What If a Lien Shows Up?

There are liens—and then there are liens. People lose valuable properties over tax liens of under $1,000. If a potential investor discovers the property they want to buy is encumbered by liens, PropStream reveals the creditors and debtor’s names, the amount of the lien, the county or parish courthouse where it was recorded, and the case number.

Benefits of Using PropStream

Savvy investors turn to PropStream for all their property research needs because their streamlined process is accessible and user-friendly.

No matter where you are in the world, it’s easy for real estate entrepreneurs to navigate PropStream’s user-friendly interface right from their smartphones. This gives them access to real-time property analytics and data.

How Does PropStream Help with Real Estate Investment?

If you are a successful real estate investor, at any given moment you are juggling multiple property investment proposals. But tracking down liens and running title searches is time-consuming.

PropStream Enhances Property Search and Analysis

PropStream breaks down and simplifies the processes investors use when searching and analyzing available properties and their comps. Investors on the fence over whether to invest money in certain real estate garner valuable insights about the property from the data, thus informing their investment decisions.

PropStream supports various investment strategies, including the BRRRR method of “Buy, Rehab, Rent, Refinance, Repeat.” This popular strategy works to generate passive income when buying undervalued fixer-ups you can rehab and rent to tenants.

Criticisms of PropStream

Just as there are pros and cons to every property investment strategy, there are also drawbacks to subscribing to PropStream.

PropStream continues to evolve and grow. But while it has a nationwide reach, there are pockets of limited availability in certain real estate markets.

Also, due to the up-to-the-minute updates of property listings, there is a potential for data inaccuracies to initially arise. Fortunately, these inaccuracies will certainly come to light during the much deeper dive into the property purchase should a deal arise.

Some Final Thoughts and Recommendations

The overall impression of PropStream is quite positive. While any data aggregate has its limitations, PropStream is suitable for beginners and experienced investors alike.

Due to its easy access, PropStream has the potential to greatly improve the success of the real estate investment industry.

Would PropStream Work for You?

Are you a busy entrepreneur looking for a way to streamline the screening process when reviewing the viability of properties for sale?

Maybe you’re hungry and looking to carve out a niche in a geo-targeted neighborhood or commercial business zone.

You could be a first-time investor with a case of cold feet who wants to make sure that your initial investment is a solid one.

All of the above hypothetical investors derive benefits from subscribing to PropStream. The unfettered access to real-time data from multiple sectors is unparalleled in the real estate investment industry.

PropStream Can Be a Good Investment Strategy

Entrepreneurs with an eye to expanding their holdings derive benefits from subscribing to PropStream. From first-time investors to seasoned scouts, the streamlined user experience with the app and website gives you a decided advantage over most competitors.