Are you a house flipper, wholesaler, or real estate developer? No matter where you are in your real estate journey, it’s key for you to invest in platforms that provide the information you need to make informed decisions in the real estate market. That is where house flipping software like Flipster comes in.
Created by real estate investor Jerry Norton, Flipster positions itself as an industry-leading real estate software program that supplies real estate investors with tools for finding, funding, and flipping houses. Flipster claims to be a one-stop shop for all of the resources you could need to successfully flip a house.
As someone who has never used the platform, you may be wondering if it really works. Below, we have compiled an in-depth Flipster review, designed to offer you all of the information you need to decide whether it’s a worthwhile tool to explore.
In this comprehensive review of Flipster, we will explore all of the platform’s components. We’ll start by outlining its key software features and benefits, before detailing its pricing scheme. Then, we’ll provide an in-depth comparison of how Flipster measures up to its competitors in the field.
If you have pressing questions about the tool, the following section is perfect for you; in it, we will answer some FAQs about Flipster to provide additional context. Finally, we’ll tell you honestly whether or not Flipster is worth investing your hard-earned money into, so you can make the most informed decision possible.
With the review breakdown out of the way, let’s move on to the details of Flipster you’re dying to know about.
One of Flipster’s most unique selling points (USPs) is the fact that it supplies users not with general seller leads, but with motivated seller leads. This means that the sellers you will see on the platform have extra incentives to sell their homes quickly. For example, you’ll likely find many absentee owners who don’t actually live in the house.
In many cases, these individuals are burnt-out landlords who are willing to drop the price in order to sell quickly. You’ll also see out-of-state owners. Selling a home – especially a vacant home – when you live in a different state creates a great deal of hassle; as a result, these homeowners are going to aim to sell as quickly as possible.
Flipster is a skip tracing tool, which means that it searches through billions of records to locate phone numbers and emails for cash buyers, motivated sellers, and private lenders. People who fall into these categories are without question some of the best people to buy houses from.
Flipster helps filter through cash buyers. These are investors and landlords who have paid cash for rental properties in the past and are extremely likely to buy more properties in the future.
Private lenders are typically very wealthy people who fund real estate deals at competitive rates and with minimal hassle. In the real estate realm, they present an appealing alternative to banks and hard money lenders.
Oftentimes, private lenders are referred to as asset-based lenders. This is because, in most circumstances, private lenders will take some kind of asset as collateral for the loan they offer (such as another property or a car).
When you use Flipster, you’ll be connected to an extensive network of both private and asset-based lenders, which will greatly facilitate the home-buying process.
Flipster also includes email marketing as part of its service offerings. There’s no additional charge for sending emails on Flipster, and it’s all built into the price of the membership. Best of all, there’s no limit on how many emails you can send to motivated sellers, cash buyers, and private lenders.
Flipster offers direct-to-voicemail technology, which allows you to send recorded messages. This way, the leads that contact you are primarily those who are “ready to go” and move along in the home-selling or home-buying process.
Similar to email marketing, SMS marketing is also built into the price of the Flipster membership. With this tool, you can send bulk text messages and secure a motivated buyer with the touch of a few buttons.
With Flipster, you get access to an array of pre-written templates that you can use to communicate with potential motivated sellers, cash buyers, and private lenders. Be sure to personalize these templates, since everyone else using the software has the same scripts.
When you use Flipster, you’ll get lists of comparables, which are recently sold properties. With this tool, you’ll have an easier time estimating any property’s value. You’ll also get a detailed look at each comp, including photos, the year of the build, the date of the sale, and its sale price.
Stay on top of every deal you make with Flipster’s contact and property management tools. These stores all your important contacts and property details in one easy-to-access place.
Having a website with high-quality images, virtual tours, and more has become paramount to selling a home. With Flipster, you can even get a custom website for attracting more motivated sellers to your market.
Make offers on the fly with the help of Flipster’s Offer Generator Pro tool. Simply fill in the blanks of this template and send it off to make an offer on a property of your choosing, all within a matter of minutes.
Flipster’s instant deal analyzer runs the numbers on any house and tells you the offer price. It also tells you how much profit you’d make if you were to make an offer yourself.
Real Estate Skills Tip: Always determine your own after repair value (ARV) instead of relying on an automated appraisal.
In Flipster’s contract library, you’ll have access to a wide range of attorney-approved contracts, giving you peace of mind that your agreements are ironclad.
Download Free Real Estate Contracts Here (PDF)
Get support every step of the way with Flipster’s property workflow. This tool walks you through each step of your deal with helpful resources like training videos, scripts, and templates.
If you want extra help convincing cash buyers and private money lenders to work with you, you’ll get it in the form of custom websites with Flipster.
Flipster also offers multiple tools for rehabbing, including a budget tracker, a paperless contractor management center, and a rehab checklist. This handy checklist estimates your repair costs in 15 minutes or less.
If you’re interested in trying Flipster, there is a limited free trial that lasts two weeks. After that, you can expect to pay $97 a month for the basic package. If you’d like a more specialized package, you’ll be looking at a higher price point.
The paid packages include many of the powerful features we mentioned above, such as access to the platform, property profiles, seller leads lists and dashboards, email marketing, offer generators, and more.
Let’s start by comparing Flipster with a quick Propstream review, another real estate investment software. Both tools feature a similar price point for their basic plans – Flipster comes in at $97 per month, while Propstream comes in at $99 per month. However, Flipster potentially offers more bang for your buck.
As you’ll see in this table, Flipster offers leads across all categories, from MLS leads to private lenders. Propstream, however, lacks in lead areas like absentee owners, out-of-state owners, and prospective sellers.
Propstream also offers little to no resources for funding, whereas Flipster provides a funding network, private lender leads, and much more.
While similar in price, Propstream is far more basic in its features and is less powerful in providing tools to real estate investors.
Try PropStream FREE For Seven (7) Days!
Flipster and DealMachine are both powerful real estate investment tools. While DealMachine offers a cheaper basic plan ($49 per month compared to $97 per month with Flipster), it offers far fewer leads per month.
DealMachine’s basic plan only offers 500 “Driving for Dollars” leads each month. Its next step up, the Professional Plan priced at $99 per month, only offers 1,000 “Driving for Dollars” leads each month. In contrast, for only $97 per month, you’ll receive 10,000 motivated seller leads every single month with Flipster.
Read Also: DealMachine Review: Is It Worth It?
Much like Flipster, Realeflow is a top-tier real estate tool used for both analysis and investing. Both platforms offer a free trial and many of the same impressive features, including lead access, lead generation websites, and email marketing.
However, the Realeflow interface has been critiqued for not being very user-friendly. On the other hand, Flipster’s interface is easy to navigate, making it easier to access important property information.
Read Also: Realeflow Review (2022 Edition)
FreedomSoft charges a very similar monthly price for its plans but does not include nearly as many software features as Flipster.
When it comes to leads, FreedomSoft does not include Craigslist leads, FSBOs, bankruptcy, divorce, and many more. When it comes to features, it lacks the offer generator, proof of funds, a rehab checklist, among others. While Flipster has a training center, FreedomSoft does not.
REIPro and Flipster both offer users a free trial to test the waters of their service offerings. They also both offer multiple plans with unique price points and different features. The platforms are also extremely similar in their price points (starting at $97 per month) as well as the features they offer.
The main difference appears to be that REIPro does not provide motivated seller leads data, whereas that is one of the main offerings of Flipster.
Flipster pricing starts at $97 per month and can increase to $297 per month depending on the plan you select.
Flipster’s pricing is in line with its competitors; the fact that it offers numerous plans at multiple price points also makes it suitable for any budget.
The price is fair given the features it provides for buying, selling, and flipping houses. Even if you’re not 100% sure if it’s the tool for you, the company offers a free trial for you to test it out.
Flipster is updated on a daily basis to ensure you’re getting the most up-to-date and powerful tools.
Once you’ve signed up for Flipster, decide which market you’d like to buy or sell in. Then, you use Flipster’s tools to set up lead campaigns and to start making offers on properties.
You can cancel your Flipster account at any time and you will never be charged again. All you need to do is contact the Flipster support desk or send an email to [email protected].
Since there are so many real estate investment software programs, it can be difficult to know which one is best for you. Flipster, like most other real estate investing software, is not a magic pill that will lead to closing a bunch of deals.
You still need to have the right mindset and learn the fundamentals of your core real estate strategy. Depending on your marketing channels, be prepared to fork over additional money in direct advertising costs to get a hold of property owners, all before convincing them to sell to you over everyone else.
For some people, it might help. However, whether you're a beginner wholesaler or a seasoned house flipper, we don't think you need this software to be successful in real estate investing. We firmly believe that the most important software to have as a real estate investor is the Multiple Listing Service (the "MLS").
Check out our brand new free training to see how we're helping people all over the country complete transactions using the MLS! See you there!
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