If you have been looking for real estate tools that do owner and property data aggregation and include prospecting and marketing tools, you will sooner or later come across PropStream.

The software can help you not only with property market analysis but also with finding investment deals and seller data across various real estate markets in the U.S.

And the use cases are not only limited to real estate investors, such as wholesalers.

This updated and upgraded version of my earlier article about PropStream will discuss…

…what PropStream is and what it is used for
…how to use it, including all features and use cases
…PropStream’s nationwide data and property search features
…their lead generation options
…comps and calculations
…owner prospecting, marketing, and skip tracing
…PropStream’s lead management with list Automator, and whether it is a CRM
…their team collaboration and trends & analytics features
…PropStream’s mobile app and driving for dollars
…whether the software offers third-party software integrations
…an overview of the different pricing plans
…10 alternatives and competitors free and paid
…how PropStream compares to Propertyradar, DealMachine , Batch Leads, Flipster, MLS, Propelio, Reipro, and ListSource
…4 pros and cons
…and a bonus tip on how you can use it to find distressed properties.

Sounds like a lot? It is. So, don’t hesitate to start reading.

What Is PropStream and What Is It Used For?

PropStream belongs in the categories of real estate marketing suites and property and owner data and contact aggregation.

Over the years, it has grown into a powerful software tailored to many different real estate professionals such as real estate investors, agents, brokers, contractors, property managers, lenders and loan originators, and appraisers.

These professionals can use the platform to analyze large amounts of real estate market data.

This market data, including contact information of various targeted lists (e.g., pre-foreclosures or vacant properties), can be used to generate real estate leads.

I estimate that more than half of the features belong to market intelligence.

The remaining are various marketing and prospecting tools, such as email campaigns, postcards (direct mail), and a landing page builder.

While, at first glance, you might think it can benefit investors, brokers, and agents equally, I tend to believe it offers slightly more benefits to real estate investors.

Why?

Because of the large amount of data PropStream uses, you can quickly find and evaluate investment opportunities.

This might not be that relevant to you if you are instead operating in the retail real estate space, as most realtors and brokers do.

Nevertheless, there are enough features and use cases realtors can benefit from.

How to Use PropStream – All Features and Use Cases

As you will see in the below table, I prepared an overview of all features and areas of features of PropStream. They can be categorized into ten areas:

  • Nationwide data
  • Property search
  • Lead generation (marketing list generation)
  • Comps and calculations
  • Recordings
  • Owner prospecting/ marketing
  • Lead management
  • Team collaboration
  • Trends and analysis
  • Mobile app

Nationwide DataProperty SearchLead Generation (Marketing List Generation)Comps & CalculationsOwner Prospecting/ MarketingLead ManagementTeam CollaborationTrends and AnalyticsMobile App
County recordsSpecific address search120+ Property search filters and statusesComps from public recordings and local MLSsSkip tracing with DNC scrubbingAutomated list scrubbingTeam member addingRehab cost estimatorAddress search
MLS recordsCounty, city, and zip code searchOwn filter settingCounty RecordingsHomeowner phone numbers and emailsAutomatically adds new leads according to search criteriaRule and permission settingAnalysis reportsGeo-Location
Private data sourcesAPN searchPre-filtered quick listsMLS compsOwner mailing addresses and built-in postcard featureAutomatic removal of bad leadsProperty assigningCash flow reportsDrive features (driving for dollars)
Over 153 million propertiesDrawing featuresOn-Market or off-market ListingsDrawing toolsEmail campaignsUpdates imported old list with new contact informationStatus tag addingComps reportsGoogle maps®
Property address searchParcel linesPre-foreclosure filings and public auctionAverage days on market (DOM)Landing page builder
Status tag addingComplete market analysis (CMA) reportSession recording
Ownership informationMap based searchFailed listingsFlip compsView mortgage documents*Favorites
Property detailsForeclosed properties & bank ownedNeighbor infoView property deeds*Drive history
Mortgage historyVacant propertiesComps reportsCounty assessor’s maps*Homeowner skip tracing
Tax informationTax liensLayout managementHeat Map OverlaysBuilt-in marketing
MLS detailsHOA & mechanic’s liensEstimated value
Nearby compsCash buyersMLS stats
High equityPrice growth
Mortgage and interest ratesRental values
Free & clear propertiesNeighborhood Statistics
Non-Owner occupied propertiesMonthly price change
Bankruptcy filingsMonthly rent change
Divorce filingsAverage days on market
FlippersNew listings
Pre-Probate (deceased data)New sales
Zombie propertiesNew delinquencies
Senior ownersEquity & Values
Estimated property values
Estimated rental income
Estimated equity
Growth rates

In the following sections, I will get into more detail about these feature categories.

PropStream’s Nationwide Data and Property Search Features

PropStream’s property search and nationwide data features are intertwined with each other for functionality.

How so?

On the one hand, you have the nationwide data features, including over 153 million property data sets such as:

  • County records
  • Private data sources
  • MLS records and details
  • Property addresses
  • Property details
  • Ownership information
  • Mortgage history
  • Nearby comps
  • Tax information

On the other hand, these datasets are searchable via PropStream’s property search functionality, allowing you to search for properties by a wide range of criteria, such as commercial, office, residential, industrial, recreational, agricultural, transportation, and vacant land.

Additionally, you can search by property type such as townhouse, single family, multi-family houses, etc.

These different ways of searching for properties help you get pretty detailed and granular to filter out a large amount of property data.

The nationwide data and property search that PropStream offers benefits real estate professionals particularly (realtors and investors alike) interested not only in their immediate area.

There is no upper limit on the number of searches you can do to get access to almost any property address in the U.S.

You can also access different records data such as loan balances, past transaction details, and mortgage histories.

There are additional records you can check on the ownership, property, MLS, mortgage, tax, lien, and foreclosure level.

Property Characteristics:

  • Property details (bed, bath, etc.)
  • Property types
  • Property classifications
  • Number of units (multi-family)
  • Number of stories
  • Homeowner associations (HOA/COA)
  • School districts
  • Seller info
  • Buyer info
  • Sales prices and dates
  • Assessed value
  • Mortgage and interest rates
  • Transfers

Ownership Info:

  • Owner type
  • Ownership length
  • Owner mailing address
  • The number of properties owned
  • Linked properties
  • Out of state/out of country owner

Tax Info:

  • Property taxes
  • Land values
  • Tax exemptions
  • Tax history
  • Improvement values
  • Assessed values
  • Delinquent flags

Mortgage Info:

  • Mortgage history
  • LTV ratios
  • Open mortgages and number of open mortgages
  • Loan balances
  • Seller carrybacks
  • Number of open

MLS Details:

  • Failed/expired listings
  • List price and history
  • Listing pictures
  • Sales data
  • Keyword(s) search
  • Agent description
  • Active, pending, and contingent records

Lien and Foreclosure Info:

  • Auction dates
  • Default releases
  • Filing dates
  • Delinquency amounts
  • Opening bids
  • Lien types

Suppose you need information about sales records of cash deals, including the owner’s contact information of a particular property.

In that case, you can use one of PropStream’s filters for cash sales within a predefined radius which outputs the contact information of the particular homeowner.

This contact information can later be used for various prospecting and marketing activities. (e.g., direct mail, postcards, etc.)

PropStream Leads & Lead Generation or Marketing List Generation?

While PropStream calls this feature category lead generation, I would instead call it marketing list generation.

Why? I call a real estate lead someone that has at least raised their hand and showed some basic interest in what you have to offer.

This can’t be said about the contact lists you can generate in PropStream.

Yes, you get the contact information from different types of property owners. But you can’t know that they are already interested in what you have to offer yet.

One additional step is lacking to make that happen: prospecting and marketing activities.

Nevertheless, this feature category is a variation or an additional use case to the nationwide data and property search feature category.

You have more than 120 property search filters and statuses available and can set your own individual filters and quick lists.

More aimed at preparing your further prospecting and marketing endeavors, you can get targeted contact information about:

  • On-market or off-market listings
  • Failed/expired listings
  • Pre-foreclosure filings and public auctions
  • Foreclosed and bank-owned properties
  • Properties with tax liens
  • Vacant properties
  • Cash buyers
  • High equity properties
  • Free and clear properties
  • Properties with HOA and mechanic’s liens
  • Non-owner occupied properties
  • Divorce filings
  • Bankruptcy filings
  • Pre-probates
  • Senior owners
  • Zombie properties
  • Flippers

By looking at the different lists you can generate to later prospect and market to them, you may realize that PropStream is leaning more toward serving real estate investors and fewer real estate brokers or agents.

To use it as an agent or broker, you may do a bit of extra thinking and identify the type of list that most likely could lead to property listing contracts.

Suppose you are confident and good in persuasion and sales over the phone or otherwise.

In that case, you could take on failed/expired listings and convince the property owner that you will be a better real estate agent than the one they used before (that led to the expired listing in the first place).

Your particular area may even be saving expired listings and turning them around.

PropStream Comps & Calculations

PropStream’s comps and calculations feature category provides you with tools to determine the value of a property by considering the average values of similar homes from the same neighborhood.

You can also do flip comps, get further neighborhood information, and information about the average days on the market (DOM).

To do that, PropStream accesses and crosses data from several local multiple listing services, public records, and data from county recordings.

The variables you can change in this feature are:

  • Square footage
  • Date range
  • Number of bathrooms
  • Number of bedrooms
  • Distance from the subject property
  • Last sale date

You can also use drawing tools to mark the area you want to analyze and where you would like to get comps from.

From these comps tools, you can have PropStream generate different reports.

PropStream Owner Prospecting, Marketing, and Skip Tracing

PropStream’s owner prospecting and marketing features enable you to send automated emails, and postcards (direct mailing), and create custom landing pages.

These features align with the ones mentioned above, where you can gather different types of owner and property data via the search function.

So, the focus is to help you reach out to prospects from one place once you have generated the owner lists.

The custom landing page builder helps you generate additional leads if you don’t have your own website yet.

It is a self-hosted solution which makes it unnecessary to set up your own web hosting server.

You can do your whole prospecting and marketing from the platform, be it to reach out for the first time or do an entire follow-up sequence.

Regarding follow-up campaigns, you may also want to read my article on that here.

For the marketing and prospecting campaigns, you can then get the homeowner’s phone numbers, addresses, and emails.

PropStream can also do skip tracing with DNC scrubbing to improve the quality of this contact information.

This way, you avoid lousy contact information and contacting prospects that are on the DNC list.

In the context of PropStream’s skip tracing feature, you may wonder whether it is accurate in the first place.

Different users have mixed opinions about their skip tracing accuracy, but many mention that this feature is not one of the most accurate, with a hit rate of between 20 and 30 percent. (source)

This is only anecdotal evidence and from a small sample size, so take it a bit with a grain of salt.

The report is also from 2020, so PropStream may have improved the hit rate over the last two years.

And how are the postcard direct mailing campaigns done with PropStream?

First, you will need to remember that the postcards cost between 40 and 78 cents each and take about two weeks to be delivered via USPS.

You have the option to use your own custom image or you can use pre-made templates.
When you create a new postcard, your profile information and the prospect’s name and address are automatically applied.

Regarding customization options, you can change the background color and image and add a logo and a dynamic message.

After you have finished creating the postcard, you will need to pay for the order, and PropStream takes care of sending the postcards directly to the addresses on file.

PropStream Lead Management with List Automator – Is It A CRM?

PropStream also has some limited CRM features, but I wouldn’t go as far as calling it a full-fledged CRM software.

Nevertheless, it may be enough for what you need to do when it comes to managing existing leads and prospects.

It is basically the place where you can save the different lists you created by searching PropStream’s extensive database.

The lists are automatically scrubbed and bad leads removed. Depending on the search criteria you have, active new leads are added.

You can add status tags to know where you stand with different prospects in these lists.

You can also import old prospect or lead lists, and PropStream automatically updates this list with new contact information.

Besides the lead management feature, there are not many more other full-fledged CRMs such as, for example, Zoho CRM would offer (read my article on this platform here).

So, it lacks things like workflow automation, multichannel communication, deal management, and sales analytics, to name a few.

PropStream’s Team Collaboration

PropStream also features some basic team collaboration features.

You can add different team members you may want to grant access to and set different rules and permissions for them.

The access level can be limited to only web or mobile. The team members that only get web access can run comps, build marketing lists, send postcards, and/or do a skip tracing.

In turn, if you give them only access to PropStream’s mobile app, they can save properties of interest while on the road (e.g., driving for dollars use case).

For these properties, they can see further property details such as the address, number of beds and baths, living space (sq. ft.), the lot size, and the year it was built.

They can also make notes, set tags, and assign the property to another team member.

PropStream Trends & Analytics

PropStream offers plenty of features regarding market trends and analytics so you can determine which neighborhoods to focus your prospecting and marketing efforts on.

The market analysis can also be done by visualizing features like heat map overlays.

Generally, this feature category is divided into reports and calculators, heat map overlays, neighborhood statistics, and equity & values.

What follows are the features of these subcategories.

Reports and Calculators:

  • Analysis reports
  • Comps reports
  • Cashflow reports
  • County assessor’s maps
  • Complete market analysis reports
  • Rehab estimator

Heat Map Overlays:

  • Estimated value
  • Price growth
  • MLS stats
  • Rental values

Neighborhood Statistics:

  • Monthly rent change
  • Monthly price change
  • New listings
  • New delinquencies
  • New sales
  • Average days on market

Equity & Values:

 

  • Estimated rental income
  • Estimated equity
  • Estimated property values
  • Growth rates

PropStream’s Rehab Estimator

The rehab estimator is one feature that stands out from the subcategory of reporting and calculator tools.

It would be especially interesting for fix and flip investors, but not exclusively to them.

You could also call it a deal analyzer.

Why?

Because depending on the project category (e.g., bathroom, kitchen, etc.), the quality of materials, and the type of project you choose, the tool will estimate the labor and material costs for your specific area.

PropStream’s Mobile App & Driving for Dollars

PropStream’s mobile app is available for Apple and Android mobile devices and can be used for driving for dollars.

Why?

Because it gives you the same access to the features you also have with the desktop version of the software, such as owner contact information, property details, comps, etc., as already discussed above.

Further features available for the mobile app are:

  • Geo-location
  • Google Maps
  • Session recording
  • Drive history (important feature so you don’t drive like 10 times the same neighborhood)
  • Favorites (to save favorite properties)
  • Address search
  • Set features & drive
  • Skip tracing homeowners
  • Owner Marketing (e.g., postcards)
  • Team collaboration (e.g., adding team members)

According to PropStream’s FAQ page, at the date of this writing, the app can’t generate a marketing list from the mobile app yet.

The following video gives a good example of how you can drive for dollars with PropStream’s mobile app.

And the second video below shows you how you can drive for dollars with the help of PropStream, even virtually (from your bedroom, if you like).

Are There Any PropStream Integrations?

After learning about all the different features, PropStream has to offer, you may wonder if there are any ways third-party software could be integrated into it.

This is a reasonable question because sometimes software doesn’t cover all the features you need, or you want to avoid additional steps when having to switch between software and tools.

So, I did some additional research.

Unfortunately, I neither found native third-party integration solutions (when the software can directly integrate third-party software features), nor found ways to integrate third-party software via integration tools, or “integration bridge software” as I call it.

Regarding the latter, I checked all major and larger integration solutions such as the following:

In the below screenshots, you can see that searching for PropStream resulted in zero results for each.

propstream reviews skip tracing pricing
propstream reviews skip tracing pricing
propstream reviews skip tracing pricing
propstream reviews skip tracing pricing
propstream reviews skip tracing pricing
propstream reviews skip tracing pricing
propstream reviews skip tracing pricing

How Much Does PropStream Cost Per Month? An Overview of Pricing Plans

Regarding pricing, PropStream designed it in a sort of building block system.

You can buy the basic software package with all the main features for $99 per month and you can then add on additional features not included in this package that are charged with a fixed monthly price according to the usage.

This concerns the “List Automator” feature ($27 additional per month and $0.10 per skip trace), team collaboration called “Team Member” ($20 additional per month for up to 5 team members), and the marketing and prospecting tools (postcards for $0.40 per piece, skip tracing with DNC flagging for $0.12 each, and Email for $0.02 each.

So, if you want to use PropStream with all the features I discussed above, you would pay $146 per month and the additional fees on a per-usage basis.

You can also “test-drive” PropStream with their 7-day free trial.

Below you will find an overview table with all the pricing information summarized.

Propstream Basic Software - $99 per MonthList Automator - $27 per MonthTeam Member (Team Collaboration) - $20 per MonthMarketing ToolsPrice per Unit
Web and mobile appList monitoringAccess for other team members to PropstreamPostcards (direct mail)$0.40
120+ lead filtersList import and append capabilitiesPermission management and access rules"Skip tracing
with DNC flagging"
$0.12
Nationwide property dataCapacity to monitor up to 2,000 propertiesUp to 5 team members per accountEmails$0.02
10k property downloads per monthAdditional $0.10 per skip traced property

County records and MLS comps
Marketing platform

10 PropStream Free and Paid Alternatives and Competitors

There are 10 PropStream alternatives and competitors worth mentioning that cover almost entirely, or at least partially, the features PropStream has to offer.

Here they are:

In the following sections, I will work out the differences between them and PropStream so you can better compare them.

PropStream vs. Propertyradar

Propertyradar is also a software tool in the real estate data analysis and prospecting category and has many similarities with PropStream.

So, across different real estate markets in the U.S., it aggregates property and owner data to inform and prepare you for various marketing and prospecting campaigns.

And with the mobile version, you can also drive for dollars.

Because Propertyradar can integrate various third-party software providers in the field of marketing and prospecting, it has a slightly more powerful marketing and prospecting capacity than PropStream.

I would consider this to be the main difference between both.

You can connect it with direct mail, online ads, phone dialers, email marketing providers, and other service providers based on the contact lists you generate.

What Propertyradar doesn’t have in contrast to PropStream is a rehab estimation calculator.

Pricing is competitive and similar to PropStream, but I like how PropStream does their pricing better since it’s more structured.

You can learn more about Propertyradar here.

PropStream vs. DealMachine

I already analyzed DealMachine in my article a while back.

It primarily helps wholesale real estate investors find potential investment candidates while driving for dollars physically on the road or doing it virtually in their underwear on the couch at home.

Its features include:

  • Driving route tracking to avoid endless cruising in the same neighborhood
  • Owner look-up (e.g., owner contact information)
  • Direct mail reach-out campaigns from the app (direct mail sending)
  • Owner contact management

It is difficult to compare to PropStream because it only represents a partial aspect of the software. So, DealMachine could be the mobile app driving for dollars feature of PropStream.

You can check out DealMachine here in my article or directly on their website here.

PropStream vs. Batch Leads

Not long ago, I also wrote an article about Batch Leads.

Again, the software has many similarities with PropStream since its primary goal is to find and identify owner contact information for real estate professionals so they can market to them.

Features that Batch Leads has to offer:

  • A wide array of property and owner data in different searchable and filterable databases
  • Owner contact information and addresses can be saved in different custom lists
  • Comps
  • Contact and lead management
  • Skip tracing
  • Marketing and prospecting features such as built-in direct mail and text messaging
  • Third-party software integrations with more than 4000 apps via Zapier

So, as you can see, there are many similarities, but where Batch Leads wins against PropStream is regarding third-party app integrations and very likely also in skip tracing hit rates, with allegedly 97%, as I worked out in my article about Batch Leads.

Regarding pricing, it is in a similar range to PropStream.

Here, you can learn more about BatchLeads.

PropStream vs. Flipster

I have also already analyzed Flipster in this article.

Flipster serves primarily real estate investors and, like PropStream, is an owner and market data aggregation tool with prospecting and marketing capacity.

But the focus on real estate investors stands much more out than with PropStream.

For example, the different features are aligned with an investor’s typical workflow, and some transaction management, including contract templates, is featured.

Another difference is that it also offers VA and line answering services, a wholesale assignment generator is available, and a feature that supports the investor regarding funding deals.

You can check out Flipster here.

PropStream vs. MLS

The differences between PropStream and MLS are much more prominent.
Why?

MLS.com is just a property listing platform where you can find real estate listings from realtors and other real estate professionals.

They are all members of a local MLS.

You can find new construction, foreclosures, international properties, lots, land, commercial properties, resale homes, investment properties, and real estate classes there.

So, in difference to PropStream, it doesn’t have the market analysis or marketing/prospecting tools, skip tracing, and many other features such as the rehab estimator.

Here you can learn more about MLS.com.

PropStream vs. Propelio

Propelio is much more similar to PropStream again, and it is even so similar that it could almost be called a copy.

Well, I would call it the little brother or the leaner version of PropStream.

In many aspects it’s the same, but Propelio doesn’t offer that much nationwide data, property search, trends, and analytics features. Team collaboration features aren’t available either.

But the remaining features are pretty much the same:

  • MLS comps
  • Lead lists (owner and property search)
  • Driving for dollars (mobile app)
  • Lead management
  • Websites (landing pages)

However, one thing PropStream doesn’t offer, but Propelio does, is a private lender search.

Pricing is also almost the same as with PropStream, and here, you can check Propelio out.

PropStream vs. Reipro

Reipro is another property data and prospecting platform I already analyzed in this article.

In the same way as with PropStream, you can look up property and owner data that you can use to do prospecting and marketing campaigns.

The same is true for direct mailing; you can send directly from the platform.

The difference with PropStream is that you can also create multi-touch postcard campaigns.

Reipro also features more templates for different owner and property types (e.g., for rent by owners, absentee owners, for sale by owners, etc.)

Another key difference is similar to Flipster in that the different features align with the typical workflow a real estate investor usually has to go through until a deal is closed.

Lastly, in contrast to PropStream, Reipro offers supporting documents and tools a real estate investor’s office may need, such as a mortgage calculator, contract templates, business plans, etc.

Pricing is in the same ballpark as PropStream.

Here, you can learn more about Reipro.

PropStream vs. ListSource

ListSource may as well be the oldest and most established player in the field of property and owner data aggregation tools.

Just a short check with the Wayback Machine revealed that they started their website in 2001.

You can tell by the website’s design that they come from the earlier 2000s and, at least among real estate investors, the brand is pretty well-known.

However, with 153 million, PropStream still have more properties in their database than ListSource, which have “only” 134 million according to their website.

But their core business is the generation of contact lists.

All the other features that PropStream offers are not part of their services (e.g., owner prospecting/marketing tools, lead management, team collaboration, and a mobile app with driving for dollars capacities).

Pricing is also not the same in that the different contact lists are either custom priced, or you pay on a per-use basis per lead/contact.

You can check out ListSource here.

PropStream User Reviews

You made it to one of the last sections of this long article, so let’s also find out what other users have to say about PropStream.

In the below table, I collected both positive and negative user reviews for you.

Positive ReviewsNegative Reviews
"...I currently use Propstream and i love it. I use it as my go-to source for comps (of course, simple) but i also use it to help me evaluate investment opportunities in other markets. The information it provides on single and multi-family properties (no commercial), IMO is great. I've used various public and commercial websites to pool owner and property info into an offer i can make to a seller. Propstreams pull of the same information under one roof is solid. ""I am using it in Salt Lake City Utah and it has worked ok! For some reason our entire states info is off when it comes to sqft of properties. Besides that I have not encountered any problems with the service."
"I wanted to try a competitor before committing but forgot to cancel at the last second and I'm glad I still have it. It eliminates so many steps/websites because you can find so many key details with 1 click. Example: comps, arv, est. rent, days on market. I love it already and it's only been 8 days lol. I've easily found a host of cash buyers as well. ""I am Disappointe PropStream give your company multiply opportunities to reply complaints:A) spent all my money on the multiple-month subscription and never even got the app to work properly B) After Signing on, the app would just freeze up after pressing GPS location-and I would waste time stuck??D) it cost me $97 and I thought you all advertised the first month free? E) The computer platform was good, but I believe it 'double counted' during the save-export features.F) The worst, EVERY time I went out 'Driving for Dollars' using the Prop Stream APP, It froze up."

I found the above borderline objective user reviews on the Bigger Pockets forum and Better Business Bureau.

4 PropStream Pros & Cons

Ending this article, let’s also get a balanced view of the software and compare the pros and cons.

ProsCons
$99 per month is not within everybody’s budget, but it is still competitive pricing in the same range as the competitors.You have a limit of 10,000 monthly property data saved/exported. If you want more, you need to upgrade.
You can target sellers nationwide by sending emails, and postcards.In contrast to competitors, there are no third-party software integration options (e.g., to connect with a CRM with more features).
The rehab cost estimator is another tool to provide you with important information for your budgeting and making sound decisions.You must overcome the learning curve to get the hang of the system.
You can drive for dollars on-site and also virtually in your pajamas from home.The instructional videos provided on their website lack a bit of depth, but you can find better ones on YouTube.
Access to a pretty large owner and property database

Bonus Tip: How to Find Distressed Properties on PropStream

Wait, there is more!

Don’t worry, you didn’t land in a sales TV show from the nineties, but as a bonus tip, you may also find it interesting to learn how you can find distressed properties on PropStream.

Suppose you are looking for distressed properties in Miami.

In PropStream, you just go to the search bar in the top area and type in “Miami,” and PropStream will show you all kinds of properties in this area.

The categorization then happens automatically for MLS listings, pre-foreclosures, auctions, foreclosures, cash buyers, properties with liens, vacant properties, and high equity properties.

To find distressed properties, you need to select the category “liens” (properties with liens) because there is not as much competition as for pre-foreclosure properties.

You can also layer the different categories.

As the first search filter, you could select vacant properties, add another filter such as tax liens and then add high equity as the last filter (e.g., 60% equity).

This selection would show you only properties that are first vacant and have tax liens and equity of at least 60%.

By doing that, you can narrow your search pretty well and get a great selection of distressed properties.

Once you click on one of the search results, you will get a detailed view of the respective property and check, for example, in the “Opportunity” box, the estimated equity, the monthly rent, the mortgage balance, and the amount of the liens.

You can do even more advanced types of searches for distressed properties by applying more filters.

For instance, you can tell the search filter to find an off-market property with a lien for a single-family, individually owned, and that now has a tax lien of $15,000 or more against the property and has a certain amount of equity in it at the same time.

Check out also the following video for a more in-depth tutorial about PropStream:

This article has been reviewed by our editorial team. It has been approved for publication in accordance with our editorial policy.

Tobias Schnellbacher

Tobias Schnellbacher