Flipster Real Estate Review: Is This Software Worth Getting?

As a smart real estate investor looking for solutions, is Flipster real estate worth it?

Investors can make money in real estate in several ways; one way is flipping properties. As a flipper, you know that building a network of professionals to give you access to deals that many people can’t easily find is extremely important. Similarly, it’s just as important to be able to access a constant flow of property leads.

Real estate flippers understand how difficult it is to find distressed properties for them to turn into gems. If such properties are listed online, the chances are high that you’re already dealing with stiff competition.

Flipster real estate, developed by Jerry Norton, is a software solution that gives investors access to tools that help them with finding, funding, and flipping properties. The software program claims to be a one-stop-shop for all resources a real estate flipper would need to flip a home. 

Today, we seek to explore whether such claims are true. We’ll also look at some Flipster reviews and that of other software competitors and suggest a better solution.

What Is Flipster Real Estate?

Primarily, Flipster is a real estate database that contains properties that are fit for fix and flip projects. The database streamlines the work of a property flipper as they can simply search and find a flip house here. You’ll find a variety of listings types, from flip houses for sale and distressed property sales to MLS listings and many more.

How Does it Work?

The user enters their preferred zip code into the search bar. The results include crucial information, such as:

• Properties whose owners are out of state
• Properties with absentee owners
• Craigslist leads
• High equity property leads
• MLS leads
• Links to prospective home sellers
• Leads to pre-foreclosure homes

As you can see, the software provides valuable leads that can help you in your flipping journey. For property flippers, the initial price is a key component in determining whether to invest in the deal since they want to make a good profit after flipping. As such, finding a property below market average is important, as long as the home doesn’t include any expensive structural issues to sort out.

Flipster’s leads are updated on a daily basis. It means users can access new properties faster than when using Google or other unpaid search engines. If you’re interested in pursuing a certain property deal, Flipster makes it possible to access property details, including the owner’s contact information such as phone number and email.

For real estate investors, Flipster can provide a cheaper option and an alternative to costly direct email campaigns and other software options. However, keep in mind that most of the information is pulled from public data and may not always be updated or even available. It is especially for off-market deals, where the contact details don’t assure you that you’ll get the deal.

Flipster software also makes things easier for investors by providing valuable resources for things such as contractor forecasts, deal generators, and many others. With this platform, you can manage several deals simultaneously.

Flipster Real Estate Software Features

Here are some of the features and benefits users get from Flipster software:

Motivated Leads

With Flipster, users not only get leads but motivated seller leads. In short, the sellers on the platform are incentivized to sell their homes fast. For example, we’ve already mentioned that you’ll find absentee property owners who don’t live in their homes.

In many instances, the property owners are willing to drop their selling price to sell quickly. Users will also find out-of-state owners. Such owners are also prepared to sell for lower than the market value since selling from a different state is quite a hassle.

Private and Asset-Based Lenders

Essentially, private lenders are affluent individuals who fund real estate deals at competitive rates. They help reduce the hassle many investors go through while looking for funding. In short, they’re a great alternative to traditional lenders, such as banks and hard money lenders.

Private lenders are sometimes also referred to as asset-based lenders. It is because, in most cases, investors looking for funding need to use an asset as collateral for the loan. Common assets used in such deals include cars and properties. 

Flipster connects users to a vast network of both private and asset-based lenders. It significantly streamlines the property-buying process.

Cash Buyers

Cash buyers refer to an investor with access to funds available to buy a property outright without the need to secure funding. They are real estate investors who’ve previously paid for a property in cash and are more likely to buy property in a similar way in the future. Flipster real estate software helps users filter through cash buyers.

Skip Tracing

Skip tracing refers to the process of finding a person who can’t be located ordinarily in typical places, such as their place of work, residence, or entertainment joints. To further understand the term, we can break it down into the following:

• Skip: Derived from “skipping town.” Refers to the person being searched for
• Tracing: Means actually finding the “Skip.”

If you’ve ever used social media, yellow pages, or public records to locate someone, you’ve carried out skip tracing at a basic level.

Flipster is primarily a skip tracing software since its users can search through billions of records to find emails and phone numbers for motivated sellers, cash buyers, and private lenders. Individuals who belong to these categories are the best people to get into deals with.

Comps

Comps are real estate comparables. Flipster real estate users get access to a list of recently sold comparable properties. It helps them estimate the market value of an investment property. Flipster comps also provide in-depth details, such as year of build, sale price, date of sale, and property pictures. 

Drawbacks of Flipster

Now that we’ve looked at some of the features and benefits of the Flipster real estate software, it’s time to look at its drawbacks.

The main Flipster drawback is its cost. While there’s a limited two-week free trial, you need to pay $97 monthly for the basic package. If you wish to access the more specialized package, you’ll spend even more,

For a basic package that’s close to $100 per month, it’s quite expensive. Though the included features can be helpful, it’s not uncommon for some users to get confused by what’s available and how to access the features. Some users may end up not even using everything they’ve paid for.

Keeping in mind that Flipster obtains much of its data from other publicly available platforms, it’s safe to say that its price is too high. They offer marketing as part of their specialized package, but it seems unclear what percentage of conversions their marketing features actually offer. 

How Does Flipster Compare Against Its Competitors?

With a deeper understanding of Flipster real estate software, we can look at some of its competitors and alternatives that may perform where Flipster falls short.

Flipster vs PropStream

We can start our overview of alternatives by looking at a PropStream vs Flipster comparison. PropStream is aimed at allowing real estate brokers, agents, and investors access to real estate data. While it’s a popular alternative to Flipster, should you really go ahead and buy it?

Before making your choice to purchase a real estate software, you need to understand both applications better. Let’s look at what Propstream offers its users.

Wide Reach

Many real estate investors make quick decisions when buying software solutions without first understanding their reach. They fail to realize that many software and applications limit their search to just a couple of specific real estate markets within the US. It isn’t what you want when you desire to have a nationwide reach.

If you’re looking for a duplex for sale, PropStream lists over 153 million properties from all over the country. Alongside the properties, users can access all the necessary details, including tax details, mortgage history, and many others.

Real Estate Comps

PropStream comes with a real estate comps feature to help its users compare numerous properties and analyze their potential performance in the current market. It claims that the feature equips its users with up-to-date information so that they don’t misjudge a property’s potential or ignore a great opportunity.

As you may be already aware, the real estate market is highly dynamic, fluctuating all the time. A market can change due to better weather conditions. There can also be increased desirability due to future constrictions and other factors. You want to be the first to know whenever such cases occur.

Rehab Estimator

Perhaps what makes PropStream a leading Flipster contender is its Rehab Estimator. The Rehab Estimator tool is beneficial to buyers who must take care of their rehab expenses and other costs. With the said tool, you can calculate how much material and labor costs you need to include in your budget and whether it will be more profitable as a short-term or long-term investment.

PropStream Pricing

The two competing applications are almost similar when it comes to pricing. PropStream’s Basic package comes at $99 per month. The price is reasonable since you get access to the website and mobile version.

You can buy PropStream’s Automator Tools for an extra $27. It automatically upgrades your listings and leads regularly.

Flipster vs Mashvisor

We’ve paid a lot of attention to PropStream vs Flipster. It’s now time to turn our focus to what we believe is the best real estate software yet: Mashvisor. Mashvisor stands out from the other solutions since it accommodates newbie real estate investors who want to learn how to invest in real estate and experienced ones who want to diversify their investment portfolio.

It’s also special due to its unique approach that allows you to discover hidden gems in housing markets, compare different neighborhoods, and carry out comprehensive market analyses.

Here are some features and benefits you get from Mashvisor:

Neighborhood Analytics Page

While other software solutions mostly offer basic features, Mashvisor’s gone out of its way and provided a tool that equips investors with specific information about specific neighborhoods they’re interested in.

The Neighborhood Analytics Page provides you with crucial data, such as:

• Cash on cash return
• Cap rate
• Occupancy rate

You’ll also see how the neighborhood is currently performing.

Heatmap

Mashvisor’s Heatmap tool is a color-coded map that generally shows you the availability of listings in a certain neighborhood and their performance. It’s straightforward and makes it easier for you to access significant numbers, such as the rate of return on investment (cash on cash return and cap rate), listing price, and rental income. 

The color green is used to represent areas that are active and perform well, while red shows areas that are a bit dormant.

Real Estate Analytics

As a real estate investor, you should look for ways to help you analyze investment opportunities and make smart data-based business decisions. Other than helping you find great investment opportunities, Mashvisor also helps you figure out whether you should invest in them or not.

You can access vital information about the investment property, such as its tax history, owner details, and much more.

If you’ve already made up your mind and you’re closer to investing, you can use our Rental Property Calculator to determine the best type of financing for the rental strategy you wish to pursue. What makes our ROI Calculator special is that you get access to the latest figures for both traditional and short-term rental strategies. You can then use them to select the most profitable option.

Besides, you don’t need to repeat the same procedure numerous times. All sections are connected, so every change you make to any info is factored in as you continue carrying out your calculations. 

Conclusion: Flipster Real Estate Review 

We’ve done a comprehensive review of Flipster real estate software and also suggested alternatives to it. When it comes to Flipster vs PropStream, both are excellent options that can help investors navigate the real estate market with confidence. 

While both platforms offer good features, such as property analysis, marketing tracking, and rehab tools, their pricing can be a major concern for the more discerning user. Their basic packages both go for just a few dollars shy of $100. Are you willing to pay that much for basic features only?

On the other hand, Mashvisor offers all the basic features plus many more. All our tools use machine learning and AI algorithms to help you get the best from your real estate analysis and customize them to your liking.

What’s very enticing is how affordable we are. The Lite package goes for $17.99 per month, while the Professional package is priced at $74.99 per month.

To make faster and smarter real estate business decisions, book a demo today and learn more about what we can offer you.