Best Propstream Tutorial – How Do You Use Propstream?

Introduction

This tutorial provides a step-by-step guide on how to effectively use Propstream, a powerful tool for real estate investing. Whether you are looking to pull data, run comparisons, or find cash buyers, this guide will help you navigate the platform to enhance your real estate business.

Step 1: Sign Up for Propstream

• Visit the Propstream website and start your free 7-day trial.
• Fill in your details to create an account.
• Ensure you confirm your email to activate your account.

Step 2: Navigating the Dashboard

• Once logged in, familiarize yourself with the dashboard layout.
• Explore menu options including:
  • Property Search
  • Comps
  • Marketing
  • Contacts
• Each section has distinct functionalities tailored for real estate analysis.

Step 3: Pulling Property Data

• Go to the Property Search feature.
• Enter specific criteria such as:
  • Location (city, zip code)
  • Property type (single-family, multi-family)
  • Price range
• Review the search results to find properties that meet your criteria.

Step 4: Running Comparables

• Select a property from your search results.
• Navigate to the Comps section.
• Input necessary parameters to generate comparable property data:
  • Sale date range
  • Property characteristics (bedrooms, bathrooms, square footage)
• Analyze the comps to assess the property’s market value.

Step 5: Finding Cash Buyers

• Access the Marketing section from the dashboard.
• Use filters to identify cash buyers in your target area.
• Save the list of cash buyers for future outreach and marketing efforts.

Step 6: Making Offers

• With the data and comps gathered, determine a competitive offer price.
• Consider the repair costs and potential profit margins.
• Prepare your offer to send to sellers.

Step 7: Closing Deals

• Once an offer is accepted, use the platform to track your contracts and agreements.
• Utilize the resources available on Propstream to manage your deals effectively.

Conclusion

Propstream is a valuable tool for real estate investors, providing essential data and resources to make informed decisions. By following these steps, you can leverage Propstream to find properties, evaluate them accurately, and connect with cash buyers. Start your journey today by signing up for your free trial and exploring all the features that Propstream has to offer.