Wholesaling real estate can be a lucrative venture, but it requires efficient systems to make informed decisions and secure profitable deals. Real estate websites and apps are invaluable resources that provide wholesalers with the necessary information and administrative support to streamline their processes. In this article, we will explore the top real estate websites and apps that can enhance the effectiveness and efficiency of your wholesaling business.
Why Are Wholesale Real Estate Websites and Apps Important?
In the fast-paced world of real estate, time is of the essence. Wholesalers and investors are constantly seeking tools to save time and increase productivity. Real estate websites and apps offer a wealth of benefits, including access to information, analysis assistance, and administrative support. However, it's crucial to understand that not all websites and apps serve the same purpose. Each investor requires different features to optimize their specific processes. Some prefer to use a combination of free or low-cost tools, while others opt for all-inclusive technologies at a higher cost.
What Is Wholesaling?
Before delving into the best wholesale real estate websites and apps, let's clarify what wholesaling is. Wholesaling is an investment strategy rather than a specific property type. Wholesalers aim to find distressed properties, negotiate purchase deals with owners, and then connect with investment buyers who will renovate the properties. Acting as middlemen, wholesalers bring value to both sellers and buyers. Sellers who may not be aware of their options appreciate someone bringing the opportunity to sell to their attention. Buyers, on the other hand, benefit from the wholesalers' legwork in finding and negotiating deals. Wholesalers make a profit by charging a premium on top of the negotiated deal price.
The Best Wholesale Real Estate Websites and Apps
Now that we have a clear understanding of wholesaling, let's explore the top real estate websites and apps that can optimize your wholesaling efforts.
LandGlide
LandGlide is an app that provides wholesalers with access to a database containing information about properties nationwide. By simply hovering over a property on the LandGlide map, wholesalers can retrieve valuable data, such as the owner's name, phone number, address, lot size, square footage, last sold date, school district ratings, tax records, and more.
Propstream
Propstream is a powerful research and marketing tool that enables wholesalers to obtain property details, run comparative data (comps), generate lists, analyze deals, estimate rehab costs, and reach out to prospective sellers. They offer a free trial so you can experience the features before committing.
Realeflow
Similar to Propstream, Realeflow provides investors with a comprehensive suite of tools. Wholesalers can generate leads, analyze deals, secure funding, create rehab plans, and market properties using Realeflow. Note that these top-notch features come at a higher cost, starting at $125/month. However, they do offer a free 30-day trial to let you test out the tools.
Crexi
Crexi is a commercial real estate listing website that also offers analysis tools. While wholesaling commercial deals may be more challenging, Crexi is a valuable resource for locating properties and running comparisons. Since it's free to use, keeping an eye on Crexi can be beneficial for wholesalers.
DealMachine
DealMachine simplifies the "driving for dollars" strategy for wholesalers. Instead of relying solely on technology for lead generation, driving for dollars involves physically searching for distressed properties. DealMachine assists by tracking your location in real time and consolidating potential leads in one place.
HomeSnap
HomeSnap allows wholesalers to capture property information simply by taking a photo. It provides details like listing photos, property lines, school zones, and even facilitates direct communication with property owners through the app.
Xome
Xome is a website and app that specializes in auctions. Wholesalers with a strong network of potential investment buyers can benefit from participating in online auctions through Xome. This enables wholesalers to secure good deals without the need for extensive number crunching and bidding.
DocuSign
DocuSign offers a secure way to send and sign documents. This app is particularly useful for wholesalers when it comes to exchanging paperwork with buyers and sellers, especially when parties are located remotely. DocuSign provides various plans, including one specifically tailored for real estate professionals.
BiggerPockets
BiggerPockets is a comprehensive platform offering investment education, webinars, information resources, and networking forums for investors at all levels. Their extensive library of articles, podcasts, ebooks, and videos provides valuable insights. Additionally, you can search for properties and experts on their website. The networking aspect of BiggerPockets is particularly crucial for wholesalers as it helps build connections, a vital component of their business.
Personal Capital
Personal Capital is an app that tracks the performance of your investments. By linking your real estate accounts, you can gain a comprehensive understanding of your portfolio's performance. Personal Capital provides insights into your overall net worth, performance breakdowns through visual graphs, and anticipates capital expenditures.
ProspectsPLUS
ProspectsPLUS offers direct mail services with pre-established templates tailored to the real estate industry. Direct mail postcards are a powerful tool to raise awareness and establish brand recognition among potential clients. ProspectsPLUS allows you to easily set up targeted direct mail campaigns, design eye-catching postcards, and send them out. They even offer a "3 Extra Closings" guarantee to qualified customers, demonstrating their confidence in their campaigns.
Klaviyo
Klaviyo is an email marketing platform that allows wholesalers to create branded email campaigns aligned with their goals. They offer packages for every contact level and provide features for text messaging, an effective strategy for connecting with potential leads.
New Western
Last but not least, New Western is a marketplace that provides wholesalers with exclusive access to a vast pool of nationwide distressed properties. Their inventory of properties gives wholesalers an edge over those relying solely on typical MLS searches. Furthermore, New Western considers sales from wholesalers, providing them with an additional exit strategy. The best part? There are no monthly membership fees. Simply fill out a no-obligation contact form, and New Western's investor-aligned agents will be in touch.
Being a real estate wholesaler is no easy task, but with the right tools at your disposal, the job becomes simpler and more efficient. By utilizing websites like New Western and the others mentioned here, you can streamline your wholesaling process, increase efficiency, and ultimately boost your bottom line.