The Fastest Way To Research Any Property In The United States


– [Seth] Hello, everybody. This is Seth from the REtipster blog. Thanks a lot for checking in. I want to take just a few
minutes here and give you a very quick overview on how I am able to very quickly and
effectively research properties so that I know exactly what I’m buying, and I don’t have to actually
drive up to the property and see it myself, but I can
get just the basic information that I need in order to
just put together an offer, send it out there, and see
if we can get an acceptance. Now, the first thing that I always do, in most cases, when
we’re getting in a lead or call in from somebody, most times it’s coming in
the form of a phone call, and a lot of times
people leave a voicemail. People will just kind of
give us the basic information about who they are,
what their property is, and that’s really all
we need to get started. As you can see here, this
is my offer worksheet. It’s thorough, but it’s
not overly thorough, and basically I can get all
of the person’s information. I can get all the property information and information about the surroundings, enough so that I can actually make a offer and just get the process started. Now, usually, the first thing that I do is I head over here to AgentPro 24/7, and if you haven’t heard
of AgentPro, that’s fine. I hadn’t heard of it either
until a few years ago, but it’s actually a
really, really cool tool. I believe you can actually
sign up for a free trial if you wanna just give it shot. So I’m just gonna quick sign in, and I can just quick show you
how we use this little tool to show us exactly
everything we need to know about the property. Okay, now, as you see,
it basically just starts by giving us an overview
of the whole country. Just to show you an example here of how you would begin
researching your property. Let’s say, for example,
the person who is calling, their name is John Smith. And let’s just, for instance,
say that the property is in Kern County, California. Just type that in here, pops up. I’m just gonna start by
typing in the name Smith, and let’s see what that gives us. There, now the first
thing that we’re gonna see are, first of all, a bunch
of these little red push pins all over the place and then
a big list of properties, and this is basically every
single registered person in Kern County, California that owns a property
and their name is Smith. Hey, what do you know, there’s
one right here, Smith, John. So let’s click on that and
see what we can find out. When we click on that, it’s going to pop up this little box here, and what it’s offering us here
is a profile on the property, all the basic information about it, so I’m just gonna hit OK
and see what it brings up, and this is really what you end up seeing when it pulls up this property report, and this is just an example that we generated from AgentPro just to give you a feel for what it is. Now, as you see, we’re gonna
scroll down here, and… Let’s see here. This service is actually typically used for real estate agents. Those are the people, like the biggest
subscribers to this service, but it’s actually really valuable
for people like you and me who are actually just investors because a lot of times
we’re gonna need to get very fast, quick access to a
lot of the same information that real estate agents are gonna want. And just to give you an example, first thing we’re gonna see here is the name of the primary owner, and we’re gonna see, first
of all, the mailing address of where this person lives. So you can see in this example
the owner lives in Seattle, but their property is in California, so that tells us right away
that this is an absentee owner. They don’t live at the property, and those are typically
the kind of properties we’re pursuing when we’re
buying investment properties. We can see here the
assessor’s parcel number. That’s an important number to have. Got the legal description. That’s important when you
create your purchase agreement. You’ll want to copy and
paste that in there, and look at all this
information we’ve got. I find out how many
bedrooms, how many bathrooms, square footage of the property,
the year it was built, the size of the lot, the zoning, really a lot of really important
stuff that we need to know. One of my favorite things
about this is you can see the most recent transfer date, and you can see here that
the last transfer date was August 6, 2007, and the transfer value is
a lot money, 2,850,000. The reason this is
important and very helpful, you can probably already figure it out. A lot of times, when you’re
negotiating with sellers who are trying to sell their property, they’re not gonna really
show all their cards to you. They’re gonna give you a number, or a lot of times you just have to fish around for that number and hope that you can get the right one, but the interesting thing is, in fact, I’m actually
working on one this week where I’m trying to buy
a property from somebody, and they’re not really giving
me any clear indication of how low of a offer they’re
actually willing to accept, but I can come here,
and I actually found out that their most recent transfer value, the price that they paid
for the property was $300. Now that basically tells
me I can make my offer pretty stinking low and probably have them still walk away with some money. This is really important because if I know how much they have into this property, that tells me a lot
about how low of an offer they may or may not be willing to accept. Now, this isn’t always the whole story. In fact, it usually isn’t. A lot of times there are things that we just don’t see or know that aren’t included in this information, but it’s a really good starting
point just to figure out, okay, where is this
person kinda coming from, how much do they think
the property is worth, how much did they invest in the property, so that’s just really
good information to know. As you scroll down this document, you’re also gonna find
assessment and tax information. This is just some helpful
supplemental information to have. You’re also gonna see a parcel map here, which is very helpful, and I’m gonna show you more
about that in just a second. And another great thing is
comparables in the area. This basically outlines, based
on your property statistics, a lot of similar properties in the area that have recently sold. And, again, these are just examples, but usually you’ll see properties sold in the past six months or so, and you can get an idea for how much would your property be worth. How much is this property or ones like it? What are they going for. And then you’ve got
the transaction history for this property. This is another pretty helpful thing that I’ve always found really interesting is to find out not only
how much did the seller pay for this property when they bought it but how much did the previous
buyers and sellers pay for it. What historically has this property been bought and sold for? Just really get a lot of information on the different prices that have been paid, and this is really helpful,
again, in figuring out how much do you wanna
pay for this property. And then down here, we’ve
also got foreclosure activity, and this is fairly helpful to know just if there’s a lot of
foreclosures in the area. A lot of times that can affect
your property’s value as well and you don’t wanna be in a neighborhood where everybody’s going
belly up on their mortgages, so, again, this is good
information to have. And then, also, we’ve got information on who the neighbors are on the property and then demographics. This stuff basically just shows you some general information
on the population. Is the population growing? Is this property in the path of growth? Doesn’t usually matter a ton,
but it’s not bad to know. And keep in mind this is something that real estate agents use, and they print these off pretty regularly and give them to their clients when they are interested
in buying these properties, and you can do the same
thing for your clients. Once you buy a property and
you’re looking to sell it, this is a great report
that you can provide just to give them all the information and if it serves your purpose. If it doesn’t serve your
purpose, then don’t do it. If it’s something that’s
helpful, it’s not bad to have. And with AgentPro, when
you do the cheapest plan, I believe you can pull
50 of these per month, so that’s pretty generous. Most people aren’t buying
that many per month any way, but you can really get a
lot of this information just as part of the
normal paid subscription. So now that we’ve got that, I’m gonna show you how you
can use this information to just really quickly
evaluate your property and figure out whether or
not you wanna make an offer, and if so, how much to make an offer for. Now, usually, most of this stuff, owner’s name, phone,
email, that kind of thing, you’re gonna get when somebody
leaves you a voicemail or when you talk to them on
the phone or if they email you. Mailing address, city, state, zip, that’s all in the property profile report. Again, that’s right here. So you just enter that stuff in. The property street
address, same kind of thing. It’s right here, so you plug
that into this thing here. And then property characteristics,
some of this stuff you’re gonna be able to
find out pretty easily. Sometimes you’ll just have
to ask specifically for it. And the size, that stuff is
all in the profile report. Transfer date, transfer value, that stuff is all in the report as well. And then listing information, a lot of times what I’ll try
to do is I’ll ask the seller, “Do you have this property
listed with a realtor right now?” And if so, you can even call them and get some more
information from that person. At the very bottom here,
talks about the parcel map, and this is another important
thing you’ll want to get. Just to give you a quick example here, I’m gonna search by one other
criteria here in Kern County, and that is by the parcel number. Now I’m just basically
gonna pick an example from down here, the same
property we just looked at owned by John Smith. I’m gonna type that parcel number here. it’s 001-064-111, and just search for it. And as you’ll see here,
it will actually bring us right to that property with
a parcel map around it, so this is almost like
getting a little survey on the property. Now, granted, these lines
aren’t always perfect. It’s usually very close,
and it’s close enough to serve the purpose that you need. You can also even do a bird’s eye view. I’ll just expand this a little bit. As you can see, this is
really helpful stuff. You can zoom in, see the
property, where the lines are. You can even rotate it and
see it from different angles. This is the kinda thing that, this wasn’t available
two or three years ago, and this stuff is very
easily accessible now, and you can evaluate properties
from across the country now without even seeing them. If you can find this kind of stuff, you can get a really good idea for the type of property
you’re dealing with just by looking at these maps. So that is how we get the parcel map, so there’s there, and usually what I do is I just do a screenshot of this and just save an image of it for my file just so that I can remember, “Oh, yeah, it was that property.” Go back to the spreadsheet here. Assessed value, again, that’s something that is in the profile report. If we zoom down here,
there’s the assessed value. Now, assessed values, they mean something a little bit different in
every state in the country, so, really, the only reason for putting in the assessed value is on the assumption that you
understand what that means. Evaluation source is something
that I almost always do with properties like this. I got to a website called trulia.com, and trulia.com is actually
extremely helpful. Some other websites you could use would be something like
zillow.com or even realtor.com. All we’re looking for are other
examples in the neighborhood of this property to find out
exactly what that value is. So, really, what I always do
is I just get the zip code, and I plug it in here,
and under property type, I do the same property
that I’m looking at, Single-Family Home. And I really just go down
the list, and I say, “Okay, “I know that my property is
three bedrooms, one bathroom.” Well, let’s see, here’s one
that fits that criteria, and this one’s going for $205,000, so I’m gonna take that URL, bring it over here, and just paste it. We’ll go back here. Let’s try to find another one here. Three, bedrooms, one bath. Here’s another one. Now this one is 199,000. Okay. Go back to the Excel spreadsheet
and paste it in there. And go back to Trulia. Let’s find one more three
bedrooms, one bathroom. Here’s another one, and
this one’s a foreclosure. And if it is a foreclosure, that’s something just to keep in mind, because it doesn’t necessarily
reflect full market value. But, really, the prices that we saw was about 113,000, 199,000, and 205,000. None of those listings in and of themself should tell you what
your property is worth, but it should just give you an idea what general price range our
property’s being listed for. What this does is it tells
you what kind of competition are you gonna be up against if you’re trying to sell this property. Are you gonna be able to
price beneath these people and sell it quickly, or
are you gonna be stuck at that price or higher, so this really gives some good information on what your limits are gonna
be and if you’re gonna be able to be competitive with them or not, and then down here, overall comments. If there’s any particular thing that you found out about the
property that is worth noting, just for example I’ll put here, “Nice property, nice neighborhood, “seems like a good deal,” and that’s just my notes when
I want to go back to this file and remember what I thought about it. That’s what I thought. Based on the different
property values that we saw, if I wanna sell this thing
in six months or less, what am I gonna have to sell it at? A lot of times what I’ll do
if I really want to be safe is I’ll actually call a
few realtors in the area and ask them that question, say, “Hey, if I wanna move
this thing very quickly, “what would you say I
have to price it at?” And a lot of times, you
get very different opinions from different people, but
it basically just gives you a more educated opinion from somebody’s who’s
actually in that market for what you need to do. So let’s just say if the quick sale price that we came up with was $150,000. Put there, if there’s any back
taxes owed on the property, you would put that here. In this case, we’re just gonna say no. All the taxes are current. Purchase and closing costs. A lot of times I just put in a standard couple thousand bucks to cover that, and then also closing cost on the selling and when you’re gonna resell the property. Put 1,000 bucks in there. Now, if you look below here, these boxes tell you some
pretty interesting things. Using these numbers up
here as the calculation, it gives you a few different offers that you can make on the property. Now if these people, if
you know they are desperate and they have no other options, you could make them the
minimum cash offer amount, which, in this case,
would be 13,800 bucks. That’s 10% of your gross profit if you were to sell it at 138,000. And as you see, you can
also do a medium cash offer or a maximum cash offer,
all the way up to 30% of your gross profit amount, and, really, the purpose for spitting out three possible offer prices like this is because it sort of
gives you some wiggle room so that no matter what you do, you’re gonna get a great deal. But depending on what you’ve
sensed from the seller on their level of motivation, and if they’re really not that motivated but you still wanna make an offer anyway, then you might wanna do
the 30% offer amount. And then beneath there, based on whichever offer price you choose, you can also see your
net profit from the deal. So, really, this is the
worksheet that I use whenever I’m putting together offers, and really what I do is
whenever I get a new lead, I create a new Excel file just like this, and I go through it, and
that’s kinda how I do things, so this works great for me. It’s helped me to really
streamline my research process and not waste hours and hours
and hours researching things. I just kinda, on average, spend somewhere around 15 to 20 minutes per deal just to kinda really get a
good idea for what I’m doing before I send the offer and make sure that I’m as educated as I
can be about the property before I invest several hours of my time. So, yeah, that is really
the gist of how to do it. If you’d like to download this Excel spreadsheet for yourself, I’ve actually included a link
at the bottom of this post that you can use to just download it and use it for whatever your purposes are. If you wouldn’t mind, feel
free to leave a comment below this video. If you’re on the blog, feel
free to leave a blog comment. If you’re watching this on YouTube, feel free to leave a comment there. Let me know how this is able to help you, if it has helped you, what
you think it could do for you, and if there’s anything else
you’d like to see, let me know. If you need more explanation
or if there’s something else I can do to help you
figure out this process and streamline your research
to be more effective, I’d love to help you. So as you can see, AgentPro’s
a pretty helpful tool, especially for real
estate investors like us who are trying to get
property information, pull lists, things like that. I personally don’t know
of even tool out there that’s better than this. It’s been just a really
awesome resource for me. So if you’re watching this right now and you’re thinking to yourself, “You know, this is good,
I got to get in on this,” then there’s really a couple
things that you can do. First of all, if you
want to do a free trial, you can go right down here. Click on that button and
just follow the prompts and do what you need to do. But if you see this and
you know right off the bat this is what you need and you wanna pull the
trigger and sign up, all you have to do is go right up here to the Sign UP now button, and the first thing that you’re gonna see is this right here, and what
you’re looking at right here are all of the different
types of subscriptions that you can sign up for. And something that you’ll obviously see if you look over here to the right is really just the cost per month, and that can be pretty expensive all the way down to pretty cheap. If you’re looking to run a business like the one that I do, you’re
probably gonna wanna go with either this one right here,
the bronze subscription or the profile package over here, and the only real difference is with the bronze subscription
you’re gonna wanna choose this one if your primary purpose is just to pull lists
for direct mail purposes. If that’s what you’re after and that’s all you really wanna do, then that’s probably
the best choice for you. On the other hand, if
you wanna use AgentPro to actually do a lot of property research, pull up property profile reports and figure out transaction
history market values, locations, addresses, all this stuff, in that case you’ll probably
wanna do the profile package because it allows you to pull up to 50 full profiles per month. Personally, my business model doesn’t really require
me to pay a ton of money for these really expensive subscriptions, but I know that there are
some business models out there that actually require this kind of thing if you wanna get foreclosure data or mortgage information
or all of that stuff. If that’s something you
need, then by all means feel free to sign up for some of these. So whichever one you wanna do, I want you to pay
attention to something here because this is a trick that
not many people know about. If you go right up here
to the Partner ID box, all you have to do is
enter in this code: CFGRSH. And when I click Update, I
want you to pay attention to what happens to all
of these numbers here because once I do that, all
the prices for everything across the board goes down 10%, and that’s not just the
savings on one month. That’s a permanent savings for the life of your subscription, you’ll definitely wanna enter that code in and save yourself some
money over the long haul. Once you get your subscription, and I’m gonna just pick that one for now, go Next, and this window right here, I don’t really do anything with. You can just hit Next again, and then this one, again,
you just hit Next again. It just kind of summarizes
the prices for you. And this step right here, it’s
really just the usual drill where you fill in all
your contact information and choose a password and all that, but one thing I wanna
draw your attention to is the fact that all these fields are actually required fields, as you’ll see by these
little asterisks right here. And, obviously, that’s no big
deal until you get down here when it asks for your real
estate license number. I get a lot of questions
from people who say, “Seth, I can’t get through “because I’m not a real estate agent. “I don’t have that license number.” I’ll just tell you right now it’s okay. All you got to do, if you’re an investor, is just type the word investor in here, and then you’ll have
something in that field, and then you’ll be able to
click on to the next one and keep moving forward. In the next couple of steps,
you’ll have to enter in your payment information
and make your first payment and get started, and that’s
really all there is to it. It’s not too complicated. So thanks, again, for watching. I hope you found this video helpful. You got any questions,
you can always feel free to call this support number here. I know I’ve called that a couple times, and usually they can help me with whatever it is that I need. So feel free to reach out to
them if you need any help, and, yeah, I wish y’all the best, and go out there and find some deals. Good luck!

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