Summary of "I Tried Every Comping Software for Wholesaling | Review"
Summary: Review of Real Estate Wholesaling Software for Comping Deals
This video provides a detailed comparative review of multiple real estate wholesaling software platforms, focusing primarily on their comping (property comparable analysis) capabilities, usability, data accuracy, and suitability by state, especially in non-disclosure states like Texas.
Software Reviewed & Key Business Insights
1. Batch Leads
Strengths:
- Excellent user interface; visually appealing and easy to use.
- Auto-filters for comps; supports both visual and data-driven comping styles.
- Unlimited free skip tracing included.
Weaknesses:
- Poor data accuracy in non-disclosure states (e.g., Texas), showing inflated sold prices.
- Not recommended for use in Texas, Alaska, Louisiana, Montana, Idaho, Mississippi, New Mexico, Utah, Kansas, Missouri, North Dakota, Wyoming.
Pricing: Starts at $120/month. Positioning: Great for disclosure states; otherwise, “Dave Jones’s Locker” (not recommended).
2. Deal Machine
Strengths:
- Best for driving for dollars (property prospecting).
- Strong AI for niche list generation.
Weaknesses:
- Comping experience is weak: no pictures on the same screen, clunky filter UX, inaccurate data in non-disclosure states.
Pricing: Similar to Batch Leads (~$120/month). Positioning: Good for prospecting, but plank-worthy pick for comping.
3. Privy
Status:
- No free trial available; reviewer unable to test thoroughly.
- No clear recommendation due to lack of access.
Positioning: Currently “Dave Jones’s Locker” (not recommended).
4. X Leads (Zack Gins)
Strengths:
- All-in-one wholesaling software with CRM, dialer, text/email blasting, and unlimited free skip tracing.
- Best comping data accuracy and user experience, especially in non-disclosure states.
- Autofilters comps, side-by-side visuals, integrates with Google Street View and Realtor.com for pictures.
Weaknesses:
- Pictures not on the same screen (requires an extra click).
Pricing:
- $44/month annually (with 10% off code)
- $87/month monthly
Positioning:
- Captain’s Choice for comping and all-in-one wholesaling software.
- Recommended especially for non-disclosure states like Texas.
5. Prop Wire
Strengths:
- 100% free software.
- Good user experience and comping interface better than Zillow.
Weaknesses:
- No pictures integrated; requires manual Google searches.
- Extremely poor data accuracy in non-disclosure states (estimates prices, not actual sales).
Positioning:
- Good free option outside Texas; plank-worthy pick overall due to data issues.
6. Prop Stream
Strengths:
- Established player, claims to be all-in-one.
Weaknesses:
- No free skip tracing (a dealbreaker).
- Very poor user interface and frustrating comping experience.
- Data quality unclear due to poor UI.
Positioning:
- Bottom tier (“Barnacle bottom”) due to UX and missing features.
7. Propello
Strengths:
- Affordable ($30/month).
- Excellent comping for rental comps (unique feature).
- Good data quality and visual comping experience.
- Allows thumbs up/down on comps and generates reports with sales estimates.
Weaknesses:
- Limited state availability (not available in all 50 states; missing major markets like Texas, Florida, Georgia).
- Less data-driven than X Leads; more visually oriented.
Positioning:
- Great for comping where available; cheaper alternative to X Leads.
- Could be the favorite if available nationwide.
Frameworks, Processes, and Recommendations
Comping Process
- Use auto-filters to find relevant comps quickly.
- Combine visual inspection (photos, street view) with data metrics (sale price, date, property features).
- Validate ARV (After Repair Value) by comparing multiple comps and market conditions (e.g., seasonal adjustments).
- Use software that integrates skip tracing and CRM for streamlined wholesaling operations.
State-Specific Strategy
- In non-disclosure states (Texas, etc.), prioritize software with reliable data like X Leads.
- In disclosure states, Batch Leads or Propello can be cost-effective alternatives.
Pricing Strategy
- Evaluate software not only on features but also on pricing tiers and included services (skip tracing, CRM, marketing tools).
- X Leads offers the best value with comprehensive features starting as low as $44/month annually.
User Experience
- Ease of use and UI design are crucial for efficient comping and deal analysis.
- Batch Leads leads in UX but lacks data accuracy in key markets.
- Prop Stream’s poor UX detracts from its legacy status.
Key Metrics and KPIs Highlighted
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Pricing:
- Batch Leads: $120/month
- Deal Machine: ~$120/month
- X Leads: $44/month (annual), $87/month (monthly)
- Propello: $30/month
- Prop Wire: Free
- Prop Stream: Higher priced, no free skip tracing
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Data Accuracy:
- Critical for ARV estimation and deal decisions.
- X Leads most accurate in non-disclosure states.
- Batch Leads and Propello good in disclosure states.
- Prop Wire and Deal Machine poor in non-disclosure states.
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Features:
- Unlimited free skip tracing (X Leads, Batch Leads, Deal Machine) is a key competitive advantage.
- CRM and marketing automation included only in X Leads.
Actionable Recommendations
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For wholesalers operating in Texas or other non-disclosure states:
- Use X Leads for the most reliable data and all-in-one wholesaling tools.
- Use code “10off” for a discount.
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For wholesalers in disclosure states:
- Consider Batch Leads for best UI and comping speed.
- Consider Propello for rental comps and affordability.
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For beginners or those on a budget:
- Use Prop Wire as a free tool but be cautious of data quality.
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Avoid:
- Privy (no trial, unknown quality).
- Prop Stream (poor UX, no free skip tracing).
- Deal Machine for comping (better for driving for dollars).
Presenter / Source
- Presenter: Maximillion Deer (real estate wholesaling educator and software reviewer)
- Mentions Zack Gins (creator of X Leads) and Jerry Nordon (creator of Prop Wire).
This review is a practical guide for real estate wholesalers evaluating software tools for deal analysis and comping, emphasizing data accuracy, usability, and state-specific applicability.
Category
Business
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