Skip tracing in real estate investing has long been an appealing venture for savvy investors, and for a good reason. The real estate industry has been one of the few industries with fairly consistent growth for years since the 2008 recession.
Real estate investments present investors with an excellent opportunity to diversify their portfolios and earn higher-than-average returns. What’s more, there are many ways to invest in real estate ranging from buy-and-hold investment to fix-and-flip investment.
With everyone jumping on the real estate investment bandwagon, now more than ever, you need to identify ways to get ahead of the competition – and skip tracing in real estate presents you with an opportunity to do just that. But what is skip tracing in real estate exactly? And why should you care about skip tracing?
A Definition Of Skip Tracing
Skip tracing is the practice of locating individuals who have defaulted debts or are missing. In the past, skip tracing was associated with locating defaulters and bail jumpers, avoiding being found.
But now, skip tracing for real estate is an entirely different thing and has become one of the hottest tools for real estate investors looking to stay ahead of competitors.
Skip tracing for real estate is the process of tracking down and finding homeowners. Determining property ownership and how to contact the owner is a crucial step for real estate investors looking to purchase property that is not in the market.
Why Real Estate Investors Need To Use A Skip Trace Service
You spot a distressed house that you would make a great fix-and-flip investment. The problem is, you have no way of figuring out who owns it. You check local property records and even go by the house a couple of times only to come up empty-handed.
This can be frustrating, and you could be missing out on a lucrative investment.
Have you spotted a rundown house down the block in your neighborhood? Has the idea of snapping it and adding it to your portfolio crossed your mind? In certain cases, distressed properties are abandoned by the owners or set aside to deal with later. Often, when this is the case, you’ll find that the absentee property owner is ready to sell but has other matters to attend to or cannot work with realtors. Needless to say, this presents a lucrative investment opportunity for you. This is where skip trace real estate comes in!
Skip tracing for real estate will allow you to locate the absentee property owner, find out their name, current contact information, and address, ultimately making it possible for you to secure a great deal even when the house is not on the market.
Use Professional Skip Tracing For Real Estate
Skip tracing can be useful to a real estate investor in several ways. With skip trace real estate, you can search for distressed property and owners of specific property types. With a skip trace, you can get all contact information associated with a property or an individual in one data record, giving you a 360-degree view of your potential investment.
Instead of making calls to old numbers or sending mail to old addresses, you can get all current contact information associated with a property owner so that your outreach efforts are optimized.
As someone looking at text messaging for real estate investors, you should always be on the lookout for a good deal. Professional skip trace real estate presents you with an opportunity to grow your portfolio and gain an edge over other investors.
Investing your money and time in professional skip trace real estate services may allow you to find properties that your competitor doesn’t.
With that said, take your first step towards building a great portfolio. Please fill out our form to subscribe to our skip trace services.