Property sourcing can be an extremely lucrative career, but like anything else, to be successful, you need good tools, especially good software to crawl deal all over the Internet.
Property sourcing software allows you to identify, source, analyse and contact vendors from Rightmove, Zoopla, OntheMarket, Gumtree and more from a single platform. See how to find high yield properties in the UK with this kind of software in this article
So what is property deal sourcing?
Well very simply, it’s about finding great property deals, either for yourself, or to sell onto another investor for a fee. One of the most important things you need to know any successful investor knows, is how to find good property deals. So first of all, you need to know what makes a good property deal. DealSourcing.co will do that job for you.
How does property sourcing work?
A property sourcing agent is someone who makes a living putting together property deals, which they then sell to property investors. The role of a property sourcer is to act as a middleman between the buyer and the seller, smoothing the deal out, making it better for both parties.
Top 3 Property Sourcing Software
- DealSourcing.co : Puts the power of automation in your hands. Search over 200,000+ Below Market Value deals (Buy-To-Let, HMO and BRRR) with ROIs above 15% with the click of a button. For me, the key feature of this platform is to find High Yield properties. They calculate an annual ROI of each property they listed, for me is a no brainer to have DealSourcing.co if I am looking to buy-to-let deals. The software also calculates the return on investment for every property on Rightmove and locates below market value properties for sale, saving investors hours of time spent on research.
- PSEngine.co.uk: PSEngine (Property Sourcing Engine) is cross-platform software for Mac OSX, Windows, and Linux. It gives you multiple ways to identify, source and analyse property and land investment opportunities. The feature I really liked most is that you can contact the vendors of properties via incorporated direct mail, all from within this single piece of software.
- Dealsourcr: Deal Sourcr scrapes sites like Rightmove and Zoopla to find the best property deals in different areas of the country. It identifies potential HMOs (houses in multiple occupancy), negative equity leads for lease option agreements, buy, refurbish, refinance, rent (BRRR) opportunities and motivated sellers.
Based on my knowledge on the market, I will rather go with DealSourcing.co
The Top 3 More Useful Use Cases of DealSourcing.co:
BTL & HMO Deal Analyser
Say goodbye to all your property spreadsheets. For each deal, we show we will calculate the cash flow, without the need for a spreadsheet or a calculator. Work out your maximum offer, including any costs, Stamp Duty, profits, or even if you have to leave money in the deal.
Find High Yield properties by location
We’ve analysed the data of nearly 500,000 properties across England, Scotland and Wales. Our mission is to find the highest buy-to-let yield for each postcode.
Find negative equity properties by location
A property is in negative equity if it’s worth less than the mortgage secured on it. We help find those deals by location.
Also published on Medium.