- Hey there, how's it going?
This is Seth from REtipster.com
and I'm making this video, as sort of a follow up,
to an earlier video I made,
about this website here, called Mashvisor.
So Mashvisor, long story short,
if you wanna go check out the original video,
it's actually really in-depth and comprehensive.
So check that out, if you have a few minutes.
But the premise behind Mashvisor is to give you,
sort of like a one-stop shop, where you can take a look
at all of the currently listed properties on the market.
Whether you're looking for a traditional rental property,
or a short term rental property,
like something to put on Airbnb.
And you're trying to find,
all the best opportunities in one place,
without wasting a whole lot of time,
looking at hundreds of listings.
The way it does that, is it basically just pulls in,
all the listings, in whatever market you're looking in
and you can look at them right over here.
And depending on whether you're looking for an Airbnb,
or a traditional property, it will just highlight
what the numbers look like from an investment standpoint.
So very quickly you can see what the cash-on-cash return is
both with the Airbnb and the traditional scenario.
And the cap rate with both scenarios as well.
And you can sort them, based on which ones
have the highest cash-on-cash return,
or the highest cap rate.
So you can just very quickly cut to the chase
and see the opportunities
that you really ought to be paying attention to,
rather than wasting your time,
going through every single listing in your market,
one, by one, by one, trying to find
the one that actually makes sense.
Mashvisor will just point that out for you very quickly.
And again there's all kinds of stuff that goes into this.
There's all kinds of stuff happening behind the scenes
to show you these numbers.
Again, check out the original video I did,
which explains that a little bit more.
But the thing I wanted to point out in this particular video
is something called the Property Finder tool.
And the reason I didn't talk a whole lot about this
in the original video, is because at the time
when I was going through this system,
back when I originally did that review,
this tool had not been developed that far yet.
And since that time,
they've actually done a lot of work on it.
And I think it's a lot more useful than it was
back when I first looked at it.
So wanted to just quick dive in and show you how this works,
and how it could again, help save you a ton of time,
as you're trying to find the best deals,
in whatever market you're looking at.
So, just to kinda give you a quick overview
of how this works, first of all,
if you just want a quick tutorial,
on what you're supposed to do,
and what this tool's all about,
this shows you a lot of that stuff right here,
if you just want to spend a few seconds reading through it.
But, I'll just show you quickly how this works.
Let's say I want to explore in my own hometown
of Grand Rapids, Michigan and find out where
all the best publicly listed deals are on MLS.
So just go ahead and type in that city right here.
And then I'm not looking at Chicago in this case,
so I'll just go ahead and get rid of that.
And then one thing you can do,
is set the radius for how far away,
from the city of Grand Rapids I want to look.
So 250 miles, that's a huge radius, that's like the size of
the entire state of Michigan basically.
So I'm gonna that down a little bit to,
let's say I'll go up to, I don't know,
50 miles outside of the Grand Rapids metro area.
And then for budget, again, that's a very wide range,
so I'm gonna narrow this down to like,
a couple of hundred thousand,
that's the price range of the properties,
I would be looking for in this particular market.
And then rental strategy,
I'm going to look for traditional rentals,
but you know obviously if I was in a city
that was more of destination or a travel city like,
I dunno, Washington DC, or Chicago, or Sacramento,
or something like that, I may be looking for Airbnbs there.
But again, I'm just gonna do traditionals here.
So it's gonna get rid of all the Airbnb properties.
And then for type of property, I guess for this example
I 'll look for single family residentials.
And for bedrooms, I'm gonna say,
it needs to have at least two bedrooms.
And it needs to have at least one bathroom.
Hopefully that's not asking too much.
And as you can see right here, it just shows me
all the properties that I can look at.
And the cool thing about how this works, is I can just
very quickly start glancing through these things.
I can take a look at what
the cash-on-cash return numbers look like.
If you've ever analyzed a rental property
for a potential investment, you know
that that's a really, really important number.
Basically it's just a measure of how hard
your cash is working for you.
As you go through this list here,
if you see a property that looks good,
either because of it's location,
or because of the cash-on-cash return,
or because of the price,
or whatever about that listing looks good at first glance,
you can go ahead and click this check mark
and it will say okay, this has been added
to your saved properties.
If you see one that doesn't look good,
maybe you're wondering okay, why is it showing me this,
I don't care, I don't want this property,
whatever your reason is, just go ahead
and click the x and it will take it off your list.
And eventually, in time, it will start to learn
what kinds of properties you are interested in
and what kinds of properties you are not interested in.
And as it implies up here, when it saves it
to your list of saved properties,
you can sort of keep tabs on that,
and follow up and make offers,
on those properties if you want to.
Keeping in mind, you don't have to offer
what these list prices are,
you can make whatever counter offer you want.
And obviously the lower your offer goes,
the higher this cash-on-cash number is gonna get.
So that's just another thing to keep in mind.
These numbers that are showing here
are all based on like the publicly available data.
But there's a lot of assumptions,
that it's making when it does that.
And you can go ahead and change those numbers up,
if the specifics of your deal change.
Like for example, your offer price and your purchase price.
So let's say, for whatever reason, we find a property here
that looks good and we wanna take a closer look at it.
So I'ma go over here to this one,
the one that I checked here, and just go ahead and click it.
And what it's going to do is,
it will open up this analysis area,
where you can take a look at all the numbers,
and all the assumptions that go into telling you,
that there's going to be a cash-on-cash return,
of 12.34% on the traditional scenario.
Wouldn't it be helpful to know what's going on there.
Well you can do that right here.
All you gotta do is go up here,
and just follow the numbers all the way down.
You can see all the assumptions it's making,
which I've actually found to be surprisingly accurate
with the properties that I've tested this out with.
But if you do see a number that's like,
no, no, sorry, that's way, way off, which by the way,
I think you should always be cross-checking this stuff.
Whether you find it to be accurate or not,
you always wanna make sure the inputs you're using
are accurate, 'cause that has everything to do,
with the outcome of that calculation.
So let's say we're looking at this one,
and it's like no, I'm pretty sure it's not gonna make
that much on a monthly basis for rent.
All you'd have to do is edit that up,
let' say, I dunno, 1,200 bucks,
then it's gonna change all these numbers.
And the occupancy rate, this is telling us
that there's an occupancy rate of 95%.
I actually know that to be pretty accurate
in Grand Rapids right now, but again,
if we wanted to change that up, we could do that too.
We can make this be whatever we want it to be.
Let's suppose the market was significantly worse
at this point, or we just want to plan,
for that potential in the future.
We could see what it would look like in that scenario,
and everything else is gonna change,
based on that change we just made.
We can make any changes we want to in this section.
And we can also check out the valuation analysis
and just get an idea for, okay what comps
is it using to come up with these assumptions
that it has in place under the traditional listings.
And it will show us some of the other comparables out there.
Now an important thing to note on this particular example,
there's only one, which is not a whole lot go off of.
So it would basically just tell me, okay,
you're probably gonna wanna find some other sources of data,
maybe call a local property management company.
Just make sure that these numbers here,
are actually acuate based on their knowledge
of the market, because they're in there,
working in that area every single day.
So that's the nice thing about Mashvisor,
is that it actually has transparency
and tells you where these numbers are coming from.
You don't have to just blindly believe
whatever it is they're telling you.
And then also you can toggle this thing on or off,
whether you're looking at a cash purchase,
or a mortgage situation, you can put in
whatever your numbers would look like in that case.
And you can see the projected and the annual calculations
for the property's performance,
based on the numbers you have up there.
You can also check out this insights tab,
which is moderately helpful.
But, yeah, that's pretty much how the property finder works.
It's a very similar to the normal functionality,
once you get this section.
But I think the benefit of the property finder tool,
is that it just gives you another way to look at properties
in a way that will save you a lot of time
and help you ignore all the fluff out there,
and just pay attention to the things,
that actually are projected to perform well,
based on the filtering criteria you put in here.
So, if you wanna check it out, and give it a shot,
through the REtipster affiliate link,
you can do that by visiting REtipster.com/mashvisor.
And that's gonna take you to a checkout page
that looks something like this, where you'll notice,
there's automatically a promo code entered in there,
RETIP25, which is gonna save you 25%,
whether that's quarterly or annual.
So if this service is anything
you want to investigate further,
obviously why not get a discount,
and help support REtipster.com along the way.
If you do decide to sign up, thank you so much
for your support, appreciate it very much.
And if not, I hope you find this video enlightening
and interesting anyway.
And if you're using any tools like this out there,
I actually don't know of anything else quite like Mashvisor,
but if you do, feel free to leave a comment below
and let me know what you're using,
and how it's working out of you.
Thanks again for watching.
If you've found this helpful,
feel free to subscribe to the channel.
And if you got any value out of this at all,
be sure to hit that like button and let me know.
Thanks again, and I wish you all the best,
as you're searching for your next deal.