Welcome back my friend. Kris Krohn here. And today we are going to be jamming
together on something super exciting. We're going to be talking about New Age, "How
to find the very best deals in real estate?"
Hey, welcome back friend. Today we're going to be talking about finding the very
best deals in real estate. Now, if your subscriber to the channel and you've
been watching, you know that the secret to making a lot of money in real estate
starts with actually how you buy the home. Making sure you buy it with as much
equity as possible. Making sure that you buy it in the most advantageous way. Now,
you know that I'm always screaming my system and how to buy and at what price
range and how to do it. But at the end of the day, the biggest thing that keeps
people from taking action is they're always asking, "How do I find the good
deals?" I want to show you literally in the next 30 minutes how to get your
hands on a really good deal. And I'm going to fulfill that promise even though
this video is only gonna last a few minutes, I'm going to give you a tool where
you can go online for free and literally in your backyard, find a deal with equity.
So check it out. I've got a friend joining me today from the company PropStream.
This is Burton. -Hi everyone. How's it going? -And Burton is the specialist
here on a software that his company's been developing here over the course of
the last 14 years. That nationwide pulls in all the best data and essentially
accumulates it into a place where you can access it at no cost (At least during
the free trial period.) Where you can go and literally get your hands right now
on a screaming hot deal. So Burton, tell us just a little bit about it. -So PropStream
is an online application. We have collected data as Kris said, for the
last 14 years. The data we've collected is MLS listings. We have about 98%
of the United States's listings. We have pre-foreclosures or closures, auction
properties, we have cash buyers. We also even have involuntary liens. On top of
that we've been able to calculate mortgage balances, show your properties
are sitting on equity and what properties may be in the negative or
properties that eventually avoid essentially. -Now guys, if you're new to
real estate, Burton is dropping a lot of lingo on you. But here's what I want you
to understand. It's just the simple. You want to know which properties in your
backyard close to you or the place that you're buying in have a good deal that
they have equity. You can buy them at a certain way. So
today, what I want to do is actually going to invite Burton to actually open
up the system, log us in and actually show us exactly the good deals that are
sitting in my backyard. This is the exact process that you would follow for
finding the good deals that are in your backyard. So Burton, open it up man. -Alright.
So to begin, we're going to... Is we're going to capture your IP address
when you log in and we're going to automatically zoom into your area.
However, what stationwide data. So what we're going to do is we're going to start off
by searching locally. We're going to start off by looking at Salt Lake City, Utah.
When we do that, what you're going to see is at the top of the map, we're going to have
all of our listing types automatically populated for you. So in Salt Lake, we
have over 10,000 MLS recordings, pre foreclosures, auctions, foreclosures, we
have cash buyers. These are all cash buyers. -Now guys, this is pretty amazing. They're
collecting so much real estate data all across America that the 10,000 listings...
Just earlier, we actually took a look and half of those are just recorded data of
homes that have sold that allow them to actually run comps. When you want to know
if you have a good deal, generally go to our realtor and you say, "Hey, thank you
for finding this good deal or I found a good deal. Will you actually run a report
to show me if there's potentially equity in there?" You can actually bypass them
and the system will do all of that for you. And so out of the 10,000 listings
there, half of those listings are actually just representing the homes
that have actually sold the market. But look at that, It's capturing pre-foreclosures,
auctions, foreclosures, cash buyers and in a moment, when you get
familiar with this element, Burton to actually show you how you dial in on the
homes that have the really high equity place. -Absolutely. And so, on top of
providing you all the listing types that we have. Such as involuntary liens, vacant
and high equities, we're also going to give you the statistics for Salt Lake
City, Utah. So here, we can see if price changes have increased in the last 3
days. If rental prices have increased in less 30 days, price per square footage
last year versus this year. We even have information on days on market. So if
you're looking to list a property with an agent, here it's showing me that a
3-bedroom property will potentially last about 56 days on the market. This is
imperative for me to know because again, this is a for anybody that's using
lenders or their own mortgage. You want to know how long it's going to take to
last them before it's sold on the market. There's going to be expenses that you'll
need to take care of like property expenses and mortgage expenses and so
forth. -Awesome. Hey, you know what I want to be
Burton? Can we actually just dive in and actually do a search that I would do for
property? -Absolutely. -Okay. So here's what I like to do. So, what are we doing in here?
We're going to click on... -We're going to click on our filter and this will allow you
through over 50 different filter options to apply whatever your specification. -Alright,
I'm looking for single-family homes. -Okay. Now let's start off with this.
Do you want an owner occupying the property or do you want to have an
absentee owner? -It doesn't matter. -Okay, we'll leave it at under any. And what
listing type would you like us to filter? -All. -All? -Yeah. -We'll leave it blank here. So
we're looking now for single-family properties. -Yeah. -Any other property
characters? -Yeah, I'm looking for a minimum of 3 bedrooms. Minimum 3
bedrooms. -Bathroom is a minimum of 1. -One. -And we don't want to match, so can
actually have more bedrooms. That's just the minimum. Square feet, I don't care
about square feet. You're built... Let's look at everything that's 19... So, let's
look at 1980 and newer. Okay, 1980 and newer. -Okay, we're not looking for any special features but
now I want to know... -MLS status. So the steps section is going to
ask us if we would also like these properties on the MLS? So we can start do
you want this property on the market or off the market? -It doesn't matter. -Any
specific status of MLS? -No, no. You know, but I am looking for homes that are no
higher... I'm looking for entry level so I don't want it to be higher than let's
call it $200,000 on the... Well, let's see. Let's say market value of 230,000. -We
even have an option here where we can specify the owner. Do we want a corporate
or an individual? -Let's go with an individual. So we're not dealing with the
corporation. -Perfect. Alright. And you know, I had suggestion here. Regarding the
MLS status. This is just my personal opinion on market. Usually most
properties that are on market have an exclusive contract with the broker. So we
potentially can slight in through the results and find
things that are not on the market. Maybe presential sellers that haven't reached
out to a broker yet. Maybe we can get to them first. -Absolutely, let's do that. -Alright.
And then I think the last most important step here would probably
equity. Do you want to look for a certain percentage of equity? -Yes. We are looking
for equity. So on this one, if you can... I'm looking for at least a 20% position or
more. -Or more. So we'll start off with the minimum 20% in equity. This is the... This
is the most important feature of this entire system. -Right. Now we're going to hit
apply and our system will do its magic. And what we've discovered is that out of
all the results that we have which is well over a hundred thousand results in
Salt Lake City, there are 91 properties that are
single-family, minimum 3-bedroom 1-bathroom, built in 1980 or newer that
are sitting on at least 25% in equity. And these are all individual homeowners.
-Okay, let's actually do something. Back up real quick. So 91, that's an awesome list.
I'm going to... I'm going to have a Haiti making deals. Go up to 30% equity just for fun. I
just want to know. -30% equity. Because now you're getting me tickled. That's the
idea. So by doing that, we're going to reduce it down to 91. So they're still... They're
probably sitting on more than 30%. So actually... let's do I'm much more
aggressive than that. Let's do... That's 50% sounds... -That sounds a
little too crazy but I like crazy. So... -Let's see. It's either they've paid down
50% or the property is increased by 50% since they last bought it.
Alright. We have 82 results now. So we've actually removed 9 properties
that were under the 50% equity mark. -Okay. So let's do something here.
Let's actually... Let's just pull one of these up.
So once we have our results, the next thing we can do is click on the
individual property and now we're going to give you all the details of... -Okay. So I want
to know. So break this down for me. What are we seeing? -Alright. So the first
section we're going to see is our dashboard. This is going to show you the
property characteristics. So in this case, it's a four bedroom one bathroom. You
have access to the property photos by clicking on it, we can give you an aerial
view or a street level view. So we'll give that just a second. So here's our
bird's-eye view of the property and we also have a street-level view forward.
-That's freaking amazing. -Be there without being there. -Okay, awesome.
-Alright. So, we also have our estimated value or on market or off market. Again,
we specified, we were looking for properties that haven't signed a
contract with broker. So this property is off market sitting on 50% in
equity. It has... It's not distressed. Meaning, it's not in pre-foreclosure,
foreclosures but here's something that we just identified. This property is
actually sitting on a lien. It's a $6,000 lien and if you go to
lien details... -That usually means that you could have a motivated seller. You could
have someone that doesn't know how to solve their $6,000 problem.
-Absolutely. -It's encumbering the property. You might be the Solution King on this.
-Absolutely. So now, we can see lien details, our property details, we know who
the owner is. Property characteristics, site information, last sell information,
prior sell information which includes mortgage balance, interest rates and so
forth. -What was the lien for? -The lien is an
abstract of judgment. And it was recorded in August 9th of... Actually, the abstract
issues on July 18th and it was reported on August 9th and the lien amount was
6,500. So, if this homeowner does not pay for that lien, we're going into pre-foreclosure.
If you know, pre-foreclosure, no sell occurs or property owner doesn't
bias hop property from the auction, it's going to go into foreclosure and you own
with homeowners. -So do we have an idea now of what they owe on the property?
-Absolutely. Well, we know that with the mortgage information.
Last sell was in 2007 of 137 of $34,000. It looks like there was a... It looks like
the two mortgages were used for this property. Transaction history, 2007. So
based on our records, we're showing that they don't actually have mortgage
balance. -So, it's actually totally paid off? -Pay it outright, correct with... -And did
they ever list this on the market? -No. It's only off market now but if that
lien, you know, gets out of control... Again, you could go into pre foreclosure and
now that would most likely contact a broker. So, we again... -And now, do I have the
contact information? Well, that's what we have. So we have their tax information, we
can see whether they're, they're at the property itself or if they're getting
their tax bill of a different location. But we also have a
feature where you can save your groups and skiptrace contact information. So
once we have isolated our results, we can run a skip trace and get e-mails, phone
numbers and landlines for you. -Oh my gosh. Okay, so friends just got a pause for a
second. Like, I'm right now... I just want you to understand the level of elation
and joy that I'm feeling in my life. Because in all my videos, I'm always
sharing with you how do you find brokers and agents and Realtors? How do you work
the system? How do you get the good deals? How do you go out and find these
properties? How do you work the auctions? How do you? How do you? How do you? But you
know what? We're living in a technological age where it's all at the
fingertips. And this stuff is new, it's awesome, it's powerful. I've got 80 leads
right there that I can now reach out to that we can do the skiptrace on, that we
can get their contact information. So here's the cool thing. This is I think
for everyone that's serious about investing or learning about investing
and wants to actually get their hands on a good deal, it's important to have a
tool like this. So, this entire system is available to anyone in the public in
America if they want to have this, right? -Correct. -And there's also a free trial on
it where if anyone wants to just try their hands on it, anyone can actually
use this system right now? -Correct. -So my friends, here's what that means. If you
click the link in the description below, you can actually go to the system right
now. You can sign up for your free trial and you can spend the next several days
actually going and hunting out really awesome lucrative deals. It only took us
a few minutes actually find properties that had
potential for 50% equity plays. And if you keep watching some of the other
videos, we're going to produce, we're going to show you some of the other really
cool tools and features because bottom line is if you want to find a really
good deal, it's all going to come down to a tool. Whether that's a person like an
agent and a human being or whether that's taking the entire market and
actually putting at your fingertips. It's easy, it's... For me, it's going to be really
fun to use. I already know what I'm going to do with some of my toilet time. We're
going to go out there and start heading some amazing deals. So friends, if you
want to know how to find the best deals, use PropStream and go ahead and get
your hands on the free... I've negotiated a deal with them where you can actually
get free access to it because I want you to test-drive it and I want you to see
that this works and you can start getting good deals right now.