Technology plays a huge part in modern real estate investing. Flipster is just one of the many tools that investors use to make real estate investing easier and more efficient.
Among all the different types of real estate investing software and tools, just how effective is Flipster? How is it better than the others? Let’s take a closer look at the software and its features to see if it truly is worth looking into.
Table of Contents
- Flipster: Is It a Must-Use for Real Estate Investors?
- Mashvisor: A More Flexible Alternative to Flipster
- The Bottom Line: Is Flipster Worth It?
Flipster: Is It a Must-Use for Real Estate Investors?
Over the past decade, a lot has changed with the way we do things in the real estate industry. Modern technology has allowed us to progress by leaps and bounds, and real estate investing software and tools have changed the landscape.
One such software that has gotten under our radar is Flipster.
What Is Flipster?
If you’re someone who is interested in buying an investment property to create an extra income stream, you should invest in platforms that provide essential data that allows you to make informed decisions. Different investors have different goals and strategies in mind.
Some get into real estate investing to start a rental property business. Some already have a clear idea of what they want to do, while others are still debating in their minds about Airbnb vs long-term rental. Either way, they know what they want.
Similarly, other investors would choose to go with a buy-and-hold strategy or the BRRRR strategy.
Then, there’s this group that is in the business to fix and flip houses for a profit. They are the people who are on the lookout for distressed and undervalued income properties for sale to fix and resell at a profit.
This is where the Flipster software comes in. It is a real estate investing software that allows investors to find potential income properties for house flipping with less legwork in the shortest time possible.
The real estate investment software was developed with three main goals in mind:
- Find: Locate investment properties;
- Fund: Help generate funds for property acquisition; and
- Flip: Allow flippers to sell on the platform.
In essence, Flipster is supposed to be a one-stop-shop for investors who wish to get into the fix-and-flip aspect of real estate.
What Does It Offer Real Estate Investors?
As a real estate app, Flipster is geared towards house flippers. If you’re new to all of this, house flippers are investors who look for distressed and dilapidated houses to fix and remodel and then put them back on the market to sell at a profit. Many people do it, earning a pretty penny from it. It is one of the main reasons Flipster was created: to make fixing and flipping a lot easier for house flippers.
However, just because it was made with flippers in mind, it doesn’t mean that regular ol’ real estate investors won’t find any use for it. Here are a few of its features that investors might find helpful:
Motivated Seller Leads
Flipster comes with one unique feature that sets it apart from other similar apps. Instead of just giving users leads to sellers, it gives them leads to motivated sellers. It means that the sellers you will find on the platform have extra incentives to have their properties sold in the shortest possible time.
Motivated Seller Websites
As an add-on to the previous feature, the app also allows users to create a website to attract motivated sellers.
Flipster also functions as a skip tracing tool. Skip tracing enables users to get the necessary contact information of motivated sellers, cash buyers, and private lenders.
Private and Asset-Based Lenders
As part of its three-fold purpose, Flipster helps investors achieve their investment goals by connecting them to private lenders that can help finance their projects. The investors are generally wealthy individuals who offer to fund real estate deals with more ease at very competitive rates. Instead of dealing with banks and hard-money lenders, investors can secure financial aid from the private lenders and put up some of their assets as collateral.
The app allows its users to connect to a wide network of lenders (both private and asset-based) to help them with the home buying process.
With the capability to search over billions of property owner records, Flipster allows users to filter their search for cash buyers. Numerous investors, landlords, and homeowners resort to all-cash payments for investment properties, making them most likely to buy more properties in the near future.
Email and SMS Marketing
Flipster also makes it easier for investors and sellers to market their properties. Both the email and SMS marketing features are already built into the membership cost. Users can send email and SMS messages to motivated sellers, cash buyers, and private lenders anytime.
The platform’s Deal Analyzer tool shows investors how much a property is worth and how profitable it can be. Investors should take note that they should always determine the after-repair value of the property instead of counting on the system’s algorithm for appraisal.
Real estate comps are recently sold properties with similar features within the same neighborhood. The comps feature allows users to compare the prices of sold properties to get a better idea of how much a particular property is worth.
Flipster’s Rehab Estimator tool is very handy for people in the fix-and-flip business as it allows them to come up with an estimated repair cost on a property in a matter of minutes.
How Much Is Flipster Per Month?
While the Flipster real estate software offers a 14-day free trial period to interested users, individuals who wish to continue using the platform will need to fork over at least $97 per month for the basic package. Investors who want a more specialized package to fit their needs must pay extra for more advanced inclusions. In some cases, the prices can go up to $297 depending on the plan selected.
The free trial period should be more than enough for users to get a feel of the platform and see if it is worth paying close to a hundred bucks for a monthly subscription.
While plenty of investors uses Flipster, there’s not much to dig about Flipster reviews online. Its users seem pretty content with what it can offer. However, since it is made with house flippers in mind, real estate investors who aren’t interested in the fix-and-flip business might not get much from the platform. Given its expensive monthly subscription (which is one of its main drawbacks), one would think that it offers more versatility to real estate investors.
Mashvisor: A More Flexible Alternative to Flipster
Many other excellent real estate investment tools are easily accessible to investors. Mashvisor is one of them. Let’s see how the app compares to Flipster and why it is trusted by thousands of investors all over the US.
What Is Mashvisor?
Mashvisor, just like Flipster, is a real estate software designed to make real estate investing a breeze. People who are wondering how to invest in real estate should also take into consideration the technological aspect of modern investing. To become a successful investor, one should be able to access both sufficient resources and efficient tools.
The idea behind Mashvisor’s creation is to provide readily available real estate market data and analytics to investors all across the country. It includes one of the most massive and most accurate US real estate databases today. It makes the search for the most profitable investment property easy.
For instance, if you’re looking for a duplex for sale in one of the suburbs in Texas that offers a good return on investment as an Airbnb business, the app will locate the most ideal properties in the best neighborhoods for you. All in a matter of minutes.
Or, let’s say you’re just looking for a residential property that you wish to use as your primary residence and not as a rental. You can easily locate the best properties that match your criteria and budget with the different filters available on the platform.
What Are Mashvisor’s Advantages Over Flipster?
As a real estate investment tool, Mashvisor offers investors a lot more than Flipster, especially when it comes to real estate market analysis. Its constantly updated database, alongside its powerful investment property calculator, allows users to find the most profitable investment properties in all 50 states.
The investment property calculator also functions as an ROI calculator to help investors ensure that the math checks out. They can use it to calculate investment returns using a cap rate or cash on cash return to get a pretty accurate estimate of a property’s profitability.
Additionally, the investment calculator also helps investors search for the most suitable properties in the neighborhood of their choice using the Real Estate Heat Map. The heat map functions just like a weather forecast map, as it is color-coded to represent which markets are red-hot and which ones are ice-cold. It gives investors the ability to see which markets are ideal for long-term rentals and which ones do well for vacation rentals.
Mashvisor’s calculator also provides a rental strategy comparison for properties based on the data analysis performed. It will show users the potential numbers a property can generate as a traditional rental and as an Airbnb property.
The platform also offers investors access to off-market properties, which are properties that are up for foreclosure, are owned by banks, and short sales listed on Auction.com. The feature is very handy, especially for serious investors, as not all the best deals make it publicly to the MLS. Investors can now access such properties and can easily analyze them for their income-generating potential.
All of the above features come on top of the basic property search and data analysis functions.
To get access to our real estate investment tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.
How Much Does a Mashvisor Subscription Cost?
When it comes to getting more bang for your buck, Mashvisor offers users more for a lot less compared to Flipster. Mashvisor comes with three subscription tiers:
- Lite. The Lite plan only costs $17.99 monthly. The tier allows users to perform investment property analysis and project potential ROI on rental properties based on rental comps.
- Standard. The Standard Plan comes with all the basic features plus a few more like researching the most profitable properties, comparing them side-by-side, and exporting up to 20 searches to Excel monthly. All that for the very affordable price of $49.99 per month.
- Professional. Lastly, the Professional plan comes with all the inclusions of the Standard Plan and takes it even further, such as finding multifamily and foreclosure properties, uploading and analyzing listings, and allowing up to 60 Excel exports per month, all for $74.99 monthly.
As we mentioned earlier, Mashvisor is trusted by thousands of happy and satisfied users and investors. It may not be the perfect real estate investment tool—at least not yet—but its users can vouch for the quality of services they get. In fact, users are quite satisfied with the site’s performance, user-friendliness, and data quality that it garnered 4.6 stars out of 5 on Trustpilot.
The Bottom Line: Is Flipster Worth It?
After everything that we’ve laid out here in this article, the question now is, should investors get Flipster? It will depend on your real estate investing goals. If you see yourself in the fix-and-flip business for the long haul, then it might be a good investment for you. However, investors who want to have more versatility and diversification in their real estate portfolio might not get much from the software. Instead, you can go with Mashvisor since it has more to offer investors in terms of versatility.
To learn more about how Mashvisor can help you find profitable investment properties, schedule a demo.