Business
Burton Alicando joins Brian on the show today to talk all things data. PropStream is a data aggregator that allows investors to easily see the information and details on a property. Burton is on the show today to share a demonstration of how the service works, and talk about what sets them apart from their competitors. Key Takeaways: [1:00] PropStream is a nation-wide data aggregator that allows you to see the records right then and there. It helps investors analyze a property they may already have on contract, or find a lead. Burton talks about the difference between PropStream and some of their competitors. The functionality of their system allows research to help build lists and get details on current properties. [6:15] Part of their aggregated data includes MLS data from about 700 MLS boards nationwide. They partner with brokers to get this data, which is important for running comps, seeing if there have been price adjustments, days on the market, photos, and some additional information that public records don’t always provide. [8:37] Brian and Burton talk about the lawsuit between Zillow and the National Association of REALTORS®, and the background behind it. PropStream is more of a portal for investors, as opposed to the atmosphere of other public domains. [13:30] Burton walks through a demonstration of PropStream (follow link for YouTube version) — you can search anywhere in the States, and when you search a market, you can look through all the data they’ve collected for a property. As an investor, this data can help you make buying decisions. [17:45] After you find properties you can research, you can run comparables from public records or MLS comps. They include filters so you can then compare apples to apples, see photos, and essentially the information that agents have access to. [21:55] Burton demonstrates how to use the filters to create your own list based on what criteria you decide. As you build your list, your properties show up so you can then click on the property and research it. [25:42] We live in an age today where a lead is no longer a list, a lead is really a predicament that a homeowner is facing. Investors get paid to find problems and provide owners with a solution. [28:35] PropStream is an incredible resource for investors. For the first time ever, they are about to launch a list automator, so if any property no meets criteria it will automatically drop off. You can also import any list from any other provider and they will update with the data they have. [32:50] If you’ve been investing for a while, give this free trial a chance! It could change the way you find leads. Mentioned in This Episode: Meetings Daily REIA Show REI Facebook Page Brian’s Book PropStream Free Trial