MyHouseDeals Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of MyHouseDeals real estate software became possible and available for free to those considering this solution!
In this review we evaluated MyHouseDeals’ features, plans, pricing and other important aspects to help our readers make a more educated purchase decision.
All the customer reviews and ratings on this page have been submitted by our platform’s members who either currently use or used to use the reviewed product/service in the past. We never receive any compensation for the inclusion of products and/or services in our product/service reviews. However, by visiting retailer/manufacturer of the reviewed product/service by clicking links within our content may earn us commissions from your purchases. Read our editorial guidelines to learn more about our review and rating process.
What Is MyHouseDeals?
MyHouseDeals is a real estate investor platform that provides users with online tools, networking opportunities, and informative resources to help them grow their investment business.
It offers such services as lead generation, access to cash buyer lists, professional property inspection, seminars, and more.
To join MyHouseDeals and use its services, you need to pay for membership monthly.
What Is MyHouseDeals Used For?
MyHouseDeals acts primarily as a marketplace for wholesalers, cash buyers, service providers, and lenders.
The all-in-one platform supports you through every step of the business, from finding wholesale properties to financing and closing the deal.
The following are different ways investors can use MyHouseDeals.
- Lead generation — MyHouseDeals provides investors with exclusive wholesale deals that aren’t listed on the MLS. The lead lists are updated daily and can be accessed by premium members only.
- Comps reports — With MyHouseDeals, you can run comps to find out how much similar properties in an area are selling for. As a result, you get investment property analysis tools to prepare a suitable offer for the seller and close the deal faster.
- Deal funding — There are several funding options available on MyHouseDeals, including private lending, traditional bank loans, and hard money lending. Premium members are free to pick any option based on their deal.
- Access to cash buyers — MyHouseDeals provides investors with an exclusive real estate cash buyer list that is updated every day.
- Access to service providers — Contractors, repairmen, and other service providers offer their services to investors within the platform.
- Property inspection — By using MyHouseDeals, you can request a property inspection to avoid the hassle of finding a professional inspector. Note that there are additional charges for this service.
- Real estate investor training — MyHouseDeals has investor training resources to help new investors get started on their first deal.
MyHouseDeals Users Breakdown by Specialty
Is MyHouseDeals Legit?
MyHouseDeals is a legitimate and long-serving real estate brand that has been in business for almost two decades as of May 2023.
Within that time, the company has served over 560,000 investors and has overseen the sale of more than 350,000 properties across all 50 states.
MyHouseDeals is also a well-known name in the real estate industry, having received thousands of user reviews on Facebook, YouTube, and popular real estate forums like BiggerPockets.
Additionally, the company has a strong social media presence, particularly on Facebook where the brand has over 98,000 followers. There, the company uploads deals and updates members on company news.
Altogether, you can be assured that MyHouseDeals services and coaching programs are not a scam.
MyHouseDeals Customer Reviews
MyHouseDeals Pricing
At the moment, MyHouseDeals does not provide its cost structure on the company website. New users have to sign up to find out the platform’s prices.
Still, we were able to find out how much MyHouseDeals subscriptions cost from Visio, one of the company’s lending partners.
MyHouseDeals Premium Membership goes for $37 per month, or $18 per month if you choose to pay annually.
We were also able to learn that the company has a more advanced premium package known as the Top Tier Membership Plan.
We, however, couldn’t find any information on the cost of the Top Tier plan.
With a paid subscription, you can access all of the company’s services and resources, including:
- Investor coaching and training
- Exclusive investor seminars
- Access to off-market motivated seller leads
- Access to lenders
- Access to a real estate cash buyers list
- Comps reports
- Access to a vendor marketplace
- Wholesale deal listing
- Professional property inspectors (additional fees required)
MyHouseDeals Coupon & Promo Codes
MyHouseDeals Features
Wholesale Deals and Cash Buyers List
MyHouseDeals acts as a marketplace for wholesalers and cash buyers. The platform allows wholesalers to create wholesale property listings and publish them on the platform.
The software also enables you to promote your listings through real estate email blasts and as a result, get cash buyers faster.
On the other end, cash buyers can also join MyHouseDeals to find wholesaling deals.
As a cash buyer on the platform, you can access all the published wholesale properties and use the available search filters to find a property that’s perfectly suited to your needs.
Active cash buyers are put into an exportable list (updated daily) that wholesalers can access or download at any time.
Comps Reports
With the Comps Reporting tool, you can run comps on your wholesale property to find out key details about similar properties in the area.
Some of the details included in the comps report include the sale prices of the properties, size in square feet, number of rooms, amenities, and more.
By using this information, you can accurately estimate the value of your wholesale property and come up with a reasonable offer.
Deal Funding
MyHouseDeals has partnered with several traditional lenders and hard money lenders to provide short-term and long-term loans for funding or refinancing a property.
There are three steps to follow to get funding:
- Fill out a quick application — Here, you’ll be expected to provide information on your property. This includes the type of property, the purpose of your deal (buy and hold, fix and flip, or refinance), and where you are in the purchase process, among other details.
- Get matched to the most suitable lenders — By using the information you provided, MyHouseDeals will search its lender database for lenders that suit your criteria and match you to them.
- Let lenders contact you — The matched lenders will contact you with an offer. You can then choose a lender you want to work with and begin the process of closing the deal.
In addition to traditional loans, you can also access private money loans through MyHouseDeals.
To connect you with private lenders, MyHouseDeals has an exclusive, ready-to-go list of private lenders that includes their contacts, funds to lend, interest rates, and location.
The private lender list is accessible and downloadable by premium MyHouseDeals members only.
Professional Home Inspection
MyHouseDeals provides you with professional home inspection services that can be requested with a click of a button.
Currently, there are three inspection packages offered on MyHouseDeals:
- Property Condition Report ($295) — This report covers every part of the property including the interior, exterior, mechanical, and plumbing systems, built-in appliances, and more.
- Interior and Exterior Only ($175) — This inspection report covers the interior and exterior of the property.
- Exterior Property Condition Report Only ($69) — This report contains details on the property exterior, including the address, street number, and photos of the surrounding area.
The company provides a free sample report for each package so you can get an understanding of what your inspection will entail before committing to the charges.
Additionally, the following steps are required to get inspection services via MyHouseDeals.
- Complete the request form.
- Schedule an appointment.
- Confirm your info.
- Make your payment.
- A professional inspector will visit.
- Receive your report by email.
Vendor Marketplace
Service providers and contractors can sell their services to investors by creating account and publishing their services on MyHouseDeals.
The platform’s vendor list is available to the public. However, premium MyHouseDeals members get exclusive access to discounts provided by the vendors.
Note that MyHouseDeals does not screen or verify vendors. You have to conduct due diligence to find a service provider that suits your needs.
Real Estate Investor Training
MyHouseDeals has a short training program compared to other house flipping courses and courses on how to wholesale houses for beginners. Still, the course covers all the key aspects of wholesaling and rehabbing in the short curriculum.
The real estate wholesaling training curriculum is broken down into three major modules (seminars):
- Quickstart Training Seminars
- Additional Training Seminars
- Top Tier Membership Seminars
The educational resources include:
- Audio training recordings — MyHouseDeals classes are mainly delivered through pre-recorded audio recordings. The recordings include Q&A sessions between Doug, the program’s founder, and previous members, along with interviews with other successful real estate entrepreneurs.
- Coaching calls — As a Top Tier member, you will be able to access two-hour training conference calls hosted by different industry experts and investors. With one-on-one calls, you get more tailored assistance, a chance to receive instant replies, and the opportunity to network with other investors in your class.
- Access to an exclusive vendor database — MyHouseDeals provides investors starting a house flipping business with access to a vendors and service providers database. There, you can find contacts for repairmen, home builders, and other service vendors across every state and major city. With this, you can save time and resources when securing your first deals.
- Access to funding — MyHouseDeals has partnered with several private and hard money lenders and traditional lenders to offer loans to wholesalers and rehabbers. The company’s partners are all seasoned lenders and have excellent track records to ensure the safety of all members.
- Access to an exclusive cash buyers list — As a premium member, you will be able to quickly find real estate investors for your wholesale deals in the provided list of cash buyers. MyHouseDeals has a huge library of cash buyer contacts from all states and major cities. Furthermore, the platform allows you to filter your cash buyer search by cash available, location, or buying criteria, so you can find distressed properties and buyers that are perfectly tailored to your needs.
As a paying member of MyHouseDeals, you will have access to the platform’s training modules and services as long as you maintain the premium membership.
QuickStart Training Seminars
This is the program’s introductory module and is accessible once you upgrade from a free account to a premium plan.
The module covers three topics and is conducted by MyHouseDeals’ founder and real estate coach, Doug Smith.
The topics included are:
- Members-Only Q&A With Doug Smith (Part 1) — Here, Doug answers several frequently asked questions on real estate wholesaling and real estate investing strategies in general.
- Members-Only Q&A With Doug Smith (Part 2) — Doug answers more questions on wholesaling and rehabbing strategies.
- How to Buy Your First or Your Next Property from MyHouseDeals.com in 60 Days or Less — In this recording, Doug speaks to five investors who’ve bought between 1 and 8 properties through MyHouseDeals. You will learn the step-by-step process of how the investors used the platform to find properties to wholesale or flip and close deals.
Additional Training Seminars
This module goes deeper into wholesaling strategies, giving you the opportunity to learn first-hand from investors and industry experts. There are three topics included in this module:
- How to Make All of Your Friends Jealous by Profiting over $1.72 Million Per Year by Rehabbing Properties Part-Time — In this class, special guest Wayne Story teaches you how to build a wholesaling strategy that works for you on autopilot. You’ll also learn the most common mistakes investors make when pulling comps and the types of neighborhoods to target. Wayne also answers 15 frequently asked rehabbing questions.
- How to Secure Access to $2 Million in Private Capital without Banks Even if You Have Bad Credit or No Credit — Here, Wayne Story shows you the best ways to find private lenders, how much hard money lenders charge, how to qualify for a hard money loan, specifically what to say to them to convince them to lend to you. You’ll also learn the seven documents you should give to lenders to gain credibility. Lastly, Wayne answers questions on how to access cheap capital.
- How to Go from Flat Broke to a Wholesaling Multi-Millionaire Who Passes up Deals with Only $10,000 in Profits — This class is hosted by Bill and Jan Leon and covers the best ways to build a buyers list, what the sales contract is, and how to fill it out, the one word you should never say to a motivated seller, and more.
Top Tier Membership Training Seminars
This module is only available to Top Tier members and is made up of training calls rather than the pre-recorded teleseminars available in previous modules. There are four topics under this module, including:
- The Secrets to Buying over 1,000 Houses Using Every Technique Through Up and Down Markets — Hosted by Tom Conway, this class covers what you can do to dominate the local market. You’ll be taught how to screen your deals and come up with offers that ensure maximum profits for you. Tom also answers 32 questions on real estate investing.
- How to Make Donald Trump Green with Envy by Rehabbing Your Way to a Financial Fortune — This class is hosted by Eddie Gant and takes you through the techniques for finding the most reliable service vendors. You’ll learn how to inspect homes and the best and worst months for selling and buying properties, as well as questions to ask motivated sellers. Eddie also reveals the exact words you should use when presenting your offer to a seller.
- Who Needs a Bank? The How-To Guide for Buying and Selling on Owner Financing — Billy Johns takes you through this class and reveals the techniques you should use to convince sellers to give you low-interest rates of 1 to 2%. At the end of the class, Billy answers more than 20 questions about buying and selling on owner financing, as well as buying and holding rental properties.
- How to Start from Scratch and Generate $5,000 to $10,000 per Month in Passive Income from Multi-Family Properties — In this class, Stéphane Fymat shows you how to buy your first multi-family property with no money and bad credit. He also guides you on the types of multi-family properties that are great for beginners, how to convince multi-family property sellers that you’re a serious buyer, and how to find cash partners, among other topics. Stéphane also answers over 28 multi-family property investing questions.
Coaches
A successful real estate investor, Doug Smith, who founded the MyHouseDeals in 2005, serves as one of the program’s main instructors.
Doug has bought and sold over 100 houses and thousands of acres of land since 2002.
Besides Doug Smith, there are several other course trainers and industry experts involved in the MyHouseDeals real estate training program:
- Wayne Story — A successful investor who makes more than $1.7 million every year from rehabbing properties part-time.
- Bill Leon — A real estate investor who has bought and sold over 2,000 properties through his company, WJL Financial Group.
- Tom Conway — He has bought over 1,000 homes since he started real estate investing in 1998.
- Eddie Gant — He is one of the leading real estate investors in Houston with a large portfolio of rental homes in Southeast Texas. He has sold over 1,450 homes since 1999.
- Billy Johns — An established investor with more than 21 years of experience in buying and selling properties. He has a real estate business that buys 150 houses per year and collects rent on 100 units.
- Stéphane Fymat — We couldn’t find information on this investor/instructor.
MyHouseDeals Pros and Cons
Pros
- You get many useful services such as lead generation for real estate investors, meaning, you don’t need separate service subscriptions to find homes to flip and close deals.
- MyHouseDeals provides new users with a free (but limited) account to try out some of the platform’s services before committing to a paid plan.
- MyHouseDeals is an affordable solution compared to other similar platforms.
- All seminar instructors are successful investors with proven track records.
Cons
- Users have complained about outdated listings that falsely indicate that a property is for sale when it actually is not.
MyHouseDeals Integrations
MyHouseDeals Alternatives
MyHouseDeals Achievements
Awards & Recognition
Best Real Estate Investing Software (Awarded by Real Estate Bees)
Press & Media
MyHouseDeals FAQs
Does MyHouseDeals have a free trial?
No. Instead, the company allows new users to create a free limited account to try out some of the platform’s services before upgrading to Premium Membership.
The paid membership removes all restrictions of the free plan.
How many clients does MyHouseDeals serve?
According to the company website, more than 566,000 real estate entrepreneurs have used MyHouseDeals to land deals, get investor training, and scale their businesses.
Who founded MyHouseDeals?
MyHouseDeals was started in 2005 by a successful long-time real estate investor — Doug Smith.
As a successful real estate entrepreneur, Doug has had lots of experience flipping and wholesaling properties.
He’s bought and sold over 100 houses and thousands of acres of land since 2002.
What is MyHouseDeals’ customer service number?
MyHouseDeals’ customer support line is (800) 973-1180. You can also reach them at [email protected].
How to cancel MyHouseDeals and what is the refund policy?
MyHouseDeals members can cancel their membership at any time by calling the company via the customer support line: (800) 973-1180, or by sending a written request to [email protected]. You can also reach out via the Contact Us page.
However, the company does not offer refunds for terminated memberships.
MyHouseDeals Tutorials & Training
How to Get Your (Real Estate Wholesale) Deals Sold at Lightening Fast Speed
How to Find Profitable Investment Properties in Your Area
Is MyHouseDeals Worth It?
Yes. MyHouseDeals is excellent for new real estate entrepreneurs mainly due to its affordability and additional real estate services.
With services like cash buyer and motivated seller lead generation, access to contractors, funding, education, and house flipping tools, the platform is all-inclusive and you may not need to pay for other platforms to access these real estate services.
Furthermore, MyHouseDeals has a free limited plan for users who simply want to test out the platform before committing to monthly payments. However, you can’t access the training seminars on the free plan.
MyHouseDeals Contacts
- Website: Official website
- Phone: (800) 973-1180
- Email: [email protected]
- Address: 1302 Waugh Drive, #762 Houston, Texas 77019
- Socials: Facebook, Instagram, YouTube, Twitter
__
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.