8020REI Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of 8020REI real estate software became possible and available for free to those considering this solution!
In this review we evaluated 8020REI’s features, plans, pricing and other important aspects to help our readers make a more educated purchase decision.
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What Is 8020REI?
8020REI is a cloud-based lead generation and marketing coordination platform designed to help real estate investors close more deals and grow their portfolios.
The platform uses AI-driven data to provide you with properties that precisely match your criteria.
8020REI also provides users with instructions on how to use data-driven strategies to approach and communicate with leads through various marketing channels: SMS, cold calls, email, ringless voicemails, and direct mail.
The platform can be accessed on any device via a web browser and requires a paid subscription to use.
What Is 8020REI Used For?
8020REI is built to help investors market to the right sellers, with the right message, and at the right time.
Here are some of the ways the platform can be used to initiate and facilitate the marketing process.
- Access to motivated seller leads — 8020REi provides users with seller leads meeting their buyer criteria. The platform uses up to twenty data points to generate motivated seller leads on autopilot based on the criteria you set.
- Cross-channel marketing strategies — As 8020REI supplies you with leads, the platform also provides tailored marketing strategies on how to find leads for wholesale real estate and move them through the marketing funnel. The software has informational resources and blueprints for all popular marketing channels, including SMS, cold calls, ringless voicemail for real estate, emails, and real estate investor direct mail marketing, to help you communicate with leads more effectively and close more deals as a result.
- Access to a buyer list — In addition to motivated seller leads, 8020REI also provides you with lists of local cash house buyers within your target market. You can find real estate investors for your deals and approach them to close deals faster.
- Access to cold-calling scripts — 8020REI has tested and proven wholesale real estate cold call scripts that have been curated and used by the most successful investors on the platform. The scripts are available to all users and can be easily shared within teams.
- SMS templates and best practices — Investors on 8020REI have access to lots of SMS templates that they can use to build campaigns more effectively. There are plenty of other SMS resources, including information on the best practices for SMS marketing.
- List management — 8020REI lets investors upload their lists to the platform and manage them from there. There are many filters to help you sort and manage your lists.
- Mastermind coaching — As an 8020REI member, you’re provided with two marketing Mastermind calls every month with a real estate coach. The calls are intended to provide more tailored marketing strategies and support.
- Skip tracing — Additionally to finding houses to wholesale, the platform lets investors find contacts for property owners, thanks to built-in real skip tracing software for real estate investors.
- Data analytics — 8020REI keeps track of all your activities and generates comprehensive data reports to help you keep track of your business.
8020REI Users Breakdown by Specialty
Is 8020REI Legit?
Yes. 8020REI is legitimate real estate investor lead generation software that has been in service since 2019, with physical headquarters in Miami, Florida.
Since its launch, 8020REI has grown to become a well-known name within real estate investing circles, receiving many reviews and testimonials online.
When it comes to security, 8020REI implements industry-standard physical and technical procedures to keep your data safe from unauthorized access.
The company only shares your information with legit and well-known third-party advertising partners such as Google Analytics. Still, you have the option to opt out of the targeted advertising.
The 8020REI brand also has an open and transparent public image, with active social media profiles across Facebook, YouTube, and Instagram.
The company uses these channels to share software and brand updates, as well as provide real estate investment tips.
Additionally, the company co-founder and CEO, Jesus Toledo, has appeared as a guest on several podcasts for real estate investing professionals and provided numerous insights on how 8020REI works.
Altogether, we can assure you that 8020REI is not a scam.
8020REI Customer Reviews
8020REI Pricing
8020REI has no free plan: users have to pay certain fees to use the platform’s services.
The platform currently has three pricing models based on the number of total parcels you receive in your markets yearly:
- Up to 200K parcels
- Up to 500K parcels
- Over 500K parcels
In addition to subscription charges, users are also required to pay a one-time onboarding fee when they first join 8020REI.
You’ll also be required to pay the subscription fees annually rather than monthly.
Although each plan offers different services, there are default features that are available in all plans:
- Monthly data updates
- AI-powered analytics
- List management tools
- Mastermind marketing calls (two per week)
- Customized outbound marketing strategy
- SMS and cold calling scripts for wholesaling real estate
- Targeted messages
- Monthly buyer lists
- Monthly lists of properties sold within your target area
- Skip tracing tool ($0.08 per hit)
Overall, the platform may be too expensive for those who are only starting their wholesaling or house flipping career.
Up to 200K Parcels
8020REI costs $1,500 per month (billed annually) for this subscription package. New users also pay a one-time onboarding fee of $6,000. By joining this plan, you get access to:
- 2 exclusive leads per market
- A maximum of 200,000 parcels per year
Up to 500K Parcels
To join this plan, real estate investors are required to pay $1,600 per month, which is $19,200 per year.
There’s also a $6,000 onboarding fee for new 8020REI users. The plan gives you access to the following unique services:
- 3 exclusive leads per market
- Up to 500,000 parcels annually
500K+ Parcels
Here, you’ll be required to pay $1,740 per month, which comes to about $20,000 per year.
New users will also need to pay a one-time onboarding fee of $7,500. By paying these fees, you get access to the following unique offerings:
- 4 exclusive leads per market
- Over 500,000 parcels annually
8020REI Coupon & Promo Codes
8020REI Features
Motivated Seller Leads
To help you find cheap homes to flip or wholesale, 8020REI provides you with highly targeted motivated seller leads through a feature called ‘Reverse Buy Box,’ that’s provided during the onboarding process.
With the Reverse Buy Box, you provide the company with information on deals you’ve done in the recent past.
The company finds the most profitable deals you close and what the properties have in common. 8020REI then generates criteria for finding motivated seller leads you will be receiving each month.
Whether you prefer finding tax delinquent properties, homes in bad condition, probate real estate, or other types of motivated sellers, the system will help you find distressed real estate of your liking.
The platform constantly updates its data to ensure all leads are up to date.
Advanced Stacking
List stacking involves narrowing your lead data to include multiple criteria within one search.
For instance, rather than traditionally pulling data for vacant properties, list stacking allows you to include multiple qualifications in your search, such as absentee, vacant, and tax delinquent.
Although advanced list stacking results in fewer records, the leads are more motivated to sell and are better suited to your needs.
Personalized Outbound Marketing Strategies
One of 8020REI’s top selling points is the marketing blueprints and strategies the platform provides to its members.
While the 8020REI platform lacks marketing tools, it provides several resources on marketing, including:
- SMS templates — The platform has quite a few templates that you can use for drip campaigns via text message marketing for real estate investors.
- SMS best practices — Here, the 8020REI company provides some of the best tips for SMS marketing, including the best times to send SMS and the appropriate number of times to reach out per day, among other practices.
- Cold calling scripts — 8020REI comes with many motivated seller scripts for every step of the sales funnel. The scripts have been tried and trusted by the most successful investors on the platform.
- Direct mail marketing — The platform provides you with resources and templates to run successful campaigns with real estate investor direct mail marketing services.
Mastermind Marketing Calls
Once every two weeks, 8020REI users have access to a one-on-one coaching marketing call conducted by a successful real estate investor coach.
Here, you can ask questions related to your deals and receive instant tailored support.
The calls also serve as a networking hub where you can meet and connect with other investors who wholesale or buy real estate to flip.
Buyer List
By using 8020REI, you can find the most active buyers within your target areas. As a result, you can identify the most suitable buyers to work with, approach them, and close deals faster.
Furthermore, the platform also shows the properties that have been sold each month within your targeted zones.
Skip Tracing Service
8020REI comes with a built-in skip-tracing tool to help investors find the phone numbers and email addresses of properties on their lists.
Real estate skip tracing fees are not included in the standard package. Instead, you will be charged $0.08 for each successful result.
8020REI Pros and Cons
Pros
- The ‘Reverse Buy Box’ method ensures you get the most suitable and profitable deals.
- There are numerous marketing resources offered within the platform.
- All 8020REI members receive one-on-one coaching in the bi-weekly Mastermind marketing calls.
Cons
- The platform has high subscription and onboarding fees.
- 8020REI is not suited to first-time and novice investors.
- The software does not integrate with some of the most common third-party solutions, such as Zapier.
8020REI Integrations
8020REI Alternatives
- REB Lead Marketplace
- Motivated Leads
- NeedtoSellMyHouseFast
- PropStream
- BatchLeads
- iSpeedToLead
- PropertyRadar
- PiN
- Propelio
- FreedomSoft
- MyHouseDeals
- REI/kit
- REIPro
- Foreclosure.com
- Auction.com
- InvestorLift
- Privy
- Propwire
- Fast Home Offer
- Lead Sherpa
- Realeflow
- USLeadList
- ListSource
- RealtyTrac
- Auction.com
- Hubzu
- CurrentForeclosures.com
- Bid4Assets.com
8020REI Achievements
Awards & Recognition
Best Lead Generator for Real Estate Investors (Awarded by Real Estate Bees)
Press & Media
8020REI FAQs
Does 8020REI have a free trial?
No, the company doesn’t offer a free trial or money-back guarantee.
Instead, 8020REI offers new users a free software demo where they can find out more about the product and determine whether it’s the right fit for them.
How many clients does 8020REI serve?
There’s no solid data on the number of customers 8020REI serves.
However, the software has been used by investors across more than 460 markets and has received numerous mentions and customer testimonials online, which may suggest a significant client base.
Who founded 8020REI?
8020REI was launched in 2019 by Jesus Toledo and Felipe Bossans, who are both successful real estate investors with years of experience in the field. The co-founders also have established backgrounds in sales and marketing.
Jesus Toledo serves in the company’s administrative duties as CEO.
What is 8020REI’s customer service number?
Customers and prospective clients can contact 8020REI by calling (786) 321-8822. For written inquiries, you can reach out via the following customer service email: [email protected].
What is the 8020REI cancellation and refund policy?
8020REI users can cancel their service subscriptions at any time. Similarly, the company can terminate your subscription if you breach the terms of service.
There are no refunds provided for canceled subscriptions.
8020REI Tutorials & Training
Marketing Strategy Call Highlights: How to Leverage 8020REI Data with ChatGPT
Is 8020REI Worth It?
Although 8020REI offers quality lead data and plenty of marketing resources, the platform falls short on several key aspects.
The platform is only suited for established investors. If you are only starting your own house flipping business or wholesaling real estate, it won’t be a good option for you.
First-time investors looking to close their first deals and those with small portfolios may be rejected from the platform since they lack enough data for the Reverse Buy Box method.
8020REI is also expensive, with costs for new users reaching tens of thousands of dollars. Furthermore, users can only pay annually, which makes the platform costly even for established investors.
Unlike its competitors, this real estate wholesaling software also lacks marketing tools, an in-built CRM for wholesale real estate, and integration capability with numerous useful third-party apps for real estate investors.
8020REI Contacts
- Website: Official website
- Phone: (786) 321-8822
- Email: [email protected]
- Address: 6815 Biscayne Blvd Ste 103-417, Miami Florida, 33138, United States
- Socials: Facebook, Instagram, YouTube
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About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.