A letter from the founder
The offer should be ready before the call ends.
I started investing in real estate with four friends and a thousand dollars between us. Over the next few years Northstate Equity closed thirteen deals: single-family, mobile homes, townhomes, land, and a commercial warehouse. I learned this business by doing it, which mostly meant doing the same underwriting by hand, over and over, on a laptop between calls.
The part that never got faster was the number. Pull the comps, decide which ones actually compare, guess at repairs, work backwards to an offer I could defend. Half an hour every time, and by the time I had it the seller had often already spoken to someone else.
I built Propera around one question: what happens if the offer is ready before the seller conversation ends? Enter an address, describe the condition in plain language, and get comps that have been graded and verified, an itemized repair budget priced at your own costs, and an offer range built on your formula rather than mine.
It does not replace your judgment. It removes the half hour between having a lead and having a number.
The number should be ready when you are.
