Skip Tracing Using Propstream

Introduction

This tutorial provides a comprehensive guide on how to effectively use Propstream for skip tracing in real estate investing. Propstream is a powerful data management tool designed to help real estate professionals find motivated sellers, manage leads, and streamline marketing efforts. This guide will walk you through the key features and functionalities of Propstream, enabling you to enhance your real estate investment strategies.

Step 1: Setting Up Your Propstream Account

• Sign Up for a Free Trial: Click on the provided link to initiate your free trial.
• Account Setup: Once registered, log in to your account.
• Personalized Assistance: Consider reaching out for help in setting up searches tailored to your marketing budget, ensuring you target the best-motivated seller lists.

Step 2: Exploring Property Search Features

• Nationwide MLS Search Tool: Utilize the smart search feature to look up any property address.
• Filter Options: Explore various filtering criteria such as:
  • Pre-Foreclosures
  • Foreclosed Homes
  • Homes for Auction
  • Vacant Properties
  • Homes with Liens
  • Bankruptcy and Divorce Cases
  • Free and Clear Homes

Step 3: Generating Targeted Marketing Lists

• Create Targeted Lists: Use over 100 targeting criteria to generate lists that align with your investment strategy.
• Analyze Market Data: Visualize where potential customers are and gain insights into your market.

Step 4: Accessing Comparable Home Sales

• Generate Comps: Use Propstream to generate instant comparable home sales data from multiple MLS databases.
• Utilize Accurate Analysis: This data will provide the most current and relevant analysis for your investment decisions.

Step 5: Estimating Rehab Costs

• Rehab Estimator Tool: Leverage Propstream’s rehab estimator to calculate potential rehabilitation costs for properties.
• Investment Protection: Use real-time data to make informed decisions and avoid costly mistakes.

Step 6: Managing Marketing Efforts

• Automated Marketing Tools:
  • Customize and send postcards directly to prospects.
  • Send ringless voicemails that do not disturb the recipients.
• Multi-Media Marketing Features: Easily deploy marketing campaigns directly from Propstream.

Step 7: Using the Analysis Wizard

• Step-by-Step Analysis: Access the built-in analysis wizard to evaluate:
  • Purchase price
  • Mortgage details
  • Projected income and expenses

Step 8: Finding Owner Information

• Owner Data Access: Use Propstream to find detailed owner information.
• Direct Marketing: Quickly reach out to prospects using emails, voicemails, postcards, and online ads.

Conclusion

Using Propstream for skip tracing can significantly enhance your real estate investment strategy by providing valuable data and marketing tools. Remember to take advantage of the free trial, customize your searches, and utilize the various features to streamline your operations. As you become more familiar with the platform, you’ll be better equipped to identify motivated sellers and close more deals effectively.