Skip Tracing is the process of finding someone’s information. That person is willing to sell his property or other stuff any investor is looking for. That information could be the cell phone number, address and latest location he is living in.
This technique is applied by real estate investors looking for wholesale properties. They invest money in that wholesale property and then sell it with profits. That’s how this process works, but how skip tracing saves your time and money. That’s the question.
Skip Tracing requires some cash, but it seems small cash when we compare it with the investment made for real estate. In this process, you hire a skip tracer. He finds some good investment targets and then tells you about them. Many things happen after seeing the marks.
Sometimes, if the person is not living in that area, you need to find his latest address to close the deal and deploy your investment. You’ve to make him believe in you. If you succeed in closing the sale, the skip tracer goes to the skip.
But is skip tracing a good investment? That’s the question. Does skip tracing save your time and money? If yes, then how? These are the questions that I will answer right now. After reading this article, you’ll try to become a pro skip tracer for finding the best investment targets.
How Skip Tracing Saves Time and Money?
The first answer to this question is simple. You don’t have to visit anyone’s address.
When you hire a skip tracer, it’s his responsibility to find the information you want. If you’re going to buy a foreclosure property, you need to find that person’s latest address. While sitting in your home, you’ve to hire a skip tracer and tell him to find that person’s phone number or home address.
If that skip tracer can find that required thing, you got everything while sitting in your home. But it would be not easy if you had visited the places yourself. You would have driven your car to the destination and asked their neighbors about his latest address. If they didn’t know, your time would have been wasted, but if they knew, you still need to visit the current address you got from his neighbor. That process takes time and money, but when skip tracers are hired, they are responsible for providing the information.
In that process, you can complete your other stuff, and when you’ve got the address, you have to visit the place directly and try to close the deal. That’s how hiring a skip tracer can save your time and money.
Finding Motivated Sellers Through Manual Outreach
That was the process of hiring a skip tracer, but how manual skip tracing can save your time and money? That’s another question yet to be answered. You give him the target when you hire a local skip tracer, but what will you do when you don’t know about the target? What will you do?
Simple, you’ll visit a website and get leads from them. If the tips are good, you can email the person and ask them for their cell number. If he gives you the cell number, he is giving a green signal to close the deal. That’s the first sign, but how will you find the quality leads? A lead is a simple email, but how will you know that this lead is of any motivated seller? You’ll visit a website providing quality leads or claiming to provide quality leads. We’ve 2 websites, Batch Skip Tracing and Lert Skip Tracing, in our recommendation. These 2 websites offer quality leads to the real estate investors who close the deals through skip tracing.
You need to get leads from these 2 websites and approach every piece of information through email. This thing takes time, but you are still sitting in your home. You can also hire a person who is an expert in the real estate industry. He’d know how to talk with the responding lead and how to inspire him to sell his property. When you outreach multiple emails, you get responses from many of them. That process saves your time. At least you are not visiting someone’s neighborhood to find the latest location. While sitting in your home, you can close your deal through email. That’s a good sign.
So that’s how skip tracing saves your time and money. If you hire a local investor, he will help you save lots of investment, plus he will bring the target in front of your home. Doing this process manually on your laptop is also time-saving. At least you don’t waste your time visiting the guy who is unwilling to sell. If someone is willing to sell, he will give you a green signal by email. So don’t forget to visit those 2 websites we listed in the article. These websites provide quality leads to the investors looking for soft investment targets.