Kids in elementary school are often taught to look for context clues — hints found surrounding an unknown that may help find its meaning. Finding context clues is like searching via skip tracing, but the latter isn’t taught in school. What is skip tracing? It’s become an integral part of the real estate investing industry, but it remains a mystery to many. If you’re wondering how to invest in real estate and master the art of skip tracing, read on to find the answers to your questions.
What is Skip Tracing in Real Estate?
In real estate, skip tracing involves seeking out personal details of property owners based on contextual information. This information may include the person’s most recent employment, familial relationships, social media profiles, or previous addresses. Information like this can narrow down the probable location and contact information associated with the person in question. This becomes relevant to real estate when investors need to contact a property owner to submit an offer or express interest.
Why Should Real Estate Investors Use Skip Tracing?
Real estate investors should use skip tracing because it’s often more accurate than other identification methods. It can reveal even more information than public records, including additional sources. While official documents often include outdated information, skip tracing can provide the most recent data available, which is typically quite reliable.
When Should They Use Skip Tracing?
Real estate investors should skip trace any time they need to locate a property owner. Many properties sit vacantly and collect dust, but investors may be able to develop these properties and offer the owner a lucrative sale price, too. Savvy investors are always on the lookout for a good investment — whether or not it’s officially listed on the market. Skip tracing can bridge the gap between a hypothetical investment and a completed sale.
Ways to Use Skip Tracing in Real Estate
To use real estate skip tracing for investments, you can start by searching public records that are available online and finding the name of a property’s owner. This information is often accurate but incomplete, so you may find their name but have no other information. That’s okay — skip tracing will help you fill in the blanks. Continue kip tracing by using your information to look for more details. For example, if the property owner is Jane Jones, start searching for local Jane Jones profiles on social media. Eventually, you should be able to piece together a profile that includes the owner’s contact information, which will allow you to approach them with an offer.
Utilizing Skip Tracing with BatchLeads
If skip tracing sounds labor-intensive, that’s because it is. You can easily spend hours tracking down a single phone number. This isn’t realistic when you’re trying to reach out to ten or 20 leads per day. Luckily, BatchLeads offers a better way. With BatchLeads, you can utilize a user-friendly lead generation platform to discover the data you need to scope out residential properties and other real estate investments.
Skip tracing is every effective real estate investor’s secret weapon. Whether you’re a professional investor with decades of experience or a beginner looking for your first property, you can benefit from its data. You don’t have to do it all yourself, though. This is one task you shouldn’t DIY. Instead, trust your data verification and lead generation to a platform like BatchLeads. Take advantage of other features, such as a nationwide property search and plenty of useful filters, and you’ll find all the data you need to land the deals you’re looking for.