Generating a good return on investment is the main goal of every real estate investor. In fact, the best real estate investors are those that know how to find real estate deals with a lot of profit potential. However, good real estate deals can be very hard to come by.
As a beginner real estate investor, you will probably be wondering how to find your first real estate deal. Truth be told, most inexperienced investors usually don’t look in the right places. But there are investment properties in the US housing market with attractive price tags and lucrative returns. To find them, you need to do a lot of research. But that doesn’t mean you can’t do your property search in a quick and easy way. With the high competition in the real estate investing market, those who can find good real estate deals before everyone else are the ones who get ahead of the competition. Using the right online property search tools for investors can make all the difference.
If you want to learn how to find your first real estate deal like a pro, I recommend that you use Mashvisor’s real estate deal finder. This tool is very effective and a must-have for every beginner real estate investor.
Read on to learn how to use it to find real estate deals with the click of a button.
Related: Real Estate Investment Properties: Why Everyone Wants One and Not Stocks
Mashvisor’s Real Estate Deal Finder
As a first-time real estate investor, the big question is usually “how to get my first real estate deal”. If you are thinking of buying your first investment property, Mashvisor’s investment property finder is one of the best tools in the market to use for your property search. Along with other tools like the investment property and Airbnb calculator, the real estate deal finder allows real estate investors to find the most profitable investment properties that meet their search criteria and preferences.
This tool is also very user-friendly. All you need to do is set your search criteria based on the various available filters and it will provide you with all the matching listings in the housing market of choice. The investment property finder also provides data regarding the potential ROI of each investment property. All this is possible because the tool uses predictive analytics and the latest machine-learning algorithms.
Related: The Power of Predictive Analytics in Real Estate Investing
You can use the real estate deal finder to search any area in the US housing market and it will provide you with a list of the top investment properties that match your investment criteria. This is what Mashvisor’s deal finder looks like:
But how can you use this amazing tool? Keep reading.
How to Use Mashvisor’s Real Estate Deal Finder
As mentioned earlier, Mashvisor’s real estate deal finder is very easy to use. There are no technical prerequisites. Anyone can use this tool to perform their property search in a matter of minutes. Here’s how:
Set the Filters
Once you are on Mashvisor’s real estate deal finder page, you will see different filters that you can use to customize the search results.
The available filters include mandatory filters like the location. If you want to customize your results further, it also has some optional filters like rental strategy, type of property, number of bathrooms, and number of bedrooms. Below is a detailed look at these filters.
1. Location (From and Miles Filters)
When searching for an investment property, you first have to select a real estate market. Our real estate deal finder allows you to narrow down your search results to include only your preferred areas.
First, the From filter allows you to select one city or multiple cities (up to 5 with a Professional Plan or an unlimited number of cities with an Expert Plan) that you want to include in your search. The AI will then find the most profitable investment properties across the cities you are interested in. With this filter, you won’t waste time searching for investment properties in each city separately.
If you are selecting one city, you can use the Miles filter to set a search radius from the city center. This will help you narrow down your search even further. Note that this filter does not work if you have selected multiple cities.
Related: How to Identify the Best Places to Invest in Real Estate
2. Budget
Apart from choosing your ideal location, another important filter is your budget. The Budget filter on the real estate deal finder allows you to specify the budget range that you want to keep the search within. This helps you to quickly filter all the investment properties for sale that are not within your target price range. You will be required to specify your minimum and maximum price points.
3. Rental Strategy
By default, the real estate deal finder shows you top-performing investment properties for both rental strategies (Airbnb and traditional). However, if you want to adopt a particular rental strategy, the Rental Strategy filter allows you to limit your search to only the best real estate deals for your preferred rental strategy.
Related: What Rental Strategy to Choose: Airbnb vs Renting Out Traditionally?
3. Type of Property
Mashvisor offers you a wide range of investment properties including multi-family homes, single-family homes, condos, and others. On the default setting, the real estate deal finder allows you to find all types of investment properties. However, you can narrow down your search results to a particular type of property using the Type of Property filter.
4. Bedrooms and Bathrooms
Additionally, you can set the number of bedrooms and bathrooms that you would like the investment properties for sale to have. You can choose a range of up to 5 bedrooms and bathrooms.
The Search Results
After setting the filters on the real estate deal finder based on your preferences, a list of property suggestions that match your search criteria will be displayed.
The properties in the list are the best performing in your location of choice and are automatically sorted according to their expected return on investment (cash on cash return). The cash on cash return is based on your selected budget. This means that the properties displayed are likely to make you a profit if you choose to invest in them.
Each listing will include the following information:
- Address
- List Price
- Estimated Value
- Cash on Cash Return (Traditional and Airbnb)
You then use these metrics to compare the different investment properties.
It’s crucial to understand that the more information you provide and the more often you use the tool, the more accurate your search results will be. The real estate property finder’s AI always updates the search list after taking into consideration any new data it learns about you from your search history as well as other individualized factors and patterns.
Apart from that, the AI will consider other investors and property buyers with comparable criteria and the properties they preferred based on your financial, behavioral, and social patterns.
Learning More Details About an Investment Property
Another important feature of the real estate deal finder is that you can learn more details about each property with just the click of a button.
If you find an investment property that you like and click on it, you will be directed to the property analytics page that displays the investment calculator. Mashvisor’s investment property calculator allows you to run a comprehensive real estate deal analysis and get estimates of an investment property’s rental expenses, rental income, cap rate, cash on cash return, occupancy rate, and optimal rental strategy.
Related: Investment Property Calculator for Analyzing Real Estate Investments
Additionally, you can save the investment properties that interest you and view them later or remove those you don’t like from the suggestions list. You do so by clicking the like (tick) button or the dislike (cross) button respectively. To view the saved properties, you simply click on the heart-shaped button at the top right corner of the screen.
The Bottom Line
One of the major secrets to being a successful real estate investor is knowing how to find opportunities that match your investment goals as efficiently as possible.
Mashvisor’s real estate deal finder app is the best software to help you find real estate deals with the highest potential for profits. The tool provides you with a personalized investment property search, which is crucial to finding real estate deals that are in line with your objectives. Make it your first real estate deal finder in 2020 and improve your investment decisions!
Are you ready to give the Property Finder a try for free? Click here to access Mashvisor with a 7-day free trial!