Vacant properties can result in some of the easiest profit for investors. These types of properties can be bought low and sold low, which means a quick profit and a quick sale for you. One of the biggest challenges when investing in vacant properties is finding the owner of that property. They obviously don’t live there, they don’t announce that they are the property owner, it’s not public record who owns the house, etc. So how do you find out who owns the property?
All right so in today’s episode, I want to talk to you about five ways to locate homeowners taking home. Most of the time houses that are vacant, you know that is vacant because there are either boarded up windows or the grass is high and you’re trying to find the homeowners.
The first method you know simple thing is to go and talk to the neighbors. You’ll be amazed at you know how much information the neighbors may have that next door neighbor the person across from that house because at the end of the day people that live nearby want to make sure that their neighborhood is in good condition because it keeps up the value of their home as well. You’ll be surprised at the kind of information that they know. So simply by going out and asking the neighbors is a good way for you to get started to locate the homeowners.
The second method is simply to put a note or put a door hanger on the door because at the end of the day somebody is going to show up or somebody is usually coming by to pick up the mail. Do not put anything in the mailbox because it is illegal for you to be touching other people’s mailbox. That is a federal offense. So simply by putting a posted note or some sort of note on the door or putting a door hanger can be a way for you to get your message across to the homeowner.
The third method is simply to write a letter or handwritten letters. Best thing write a letter to the homeowner to that property address as if because if they have moved or they’re not living there then they should have had a forwarding address and so that mail should go in forwarding address. But in some cases, it doesn’t and it comes back as a return mail.
In that case, we’ll go to number four to do what’s called a skip trace. When you get a return mail because there’s no forwarding address or there’s nobody at that property address. And you get the return mail you can do what’s called skip tracing is basically finding and locating that homeowner. There are two ways that you can do that you can do skip tracing online which one website that I use is Spokeo.com and you can put that probably property address at best and they’ll then it’ll pull out up any information that’s related to that property. It may give you alterable multiple people so that’s one way that you can do a pricier option. There are private companies out there that will charge you per search to locate a specific person based on that skip trace. And so as long as you have the property address and you are able to locate that or find that homeowner’s name through either the tax records or the public record you’re able to give that information to the skip tracer and they will provide you your either contact number or some more information.
And the last one is basically doing a Google search. Basically, if you have the homeowner’s information or the property address, you’re able to google that person’s name and possibly a combination of the name and the property address. just And you’ll be amazed the kind of information that Google picks up.
Thanks for stopping by today. All the If there are other ways that have worked for you to locate homeowners write there in the comments below. I would love to hear about.
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New Jersey Real Estate Investors Group