Vacant houses can be gold mines to real estate investors. During the 2008 downturn, it seemed like vacant houses were breeding like bunny rabbits. These days, they are in much shorter supply.
Regardless of when you find the vacant house, the problem is the owners are usually MIA, making them hard to find. Many investors give up looking. But that just means less competition for the investors who can find the owner.
Let’s say you found a vacant house that’s not owned by a bank, but you can’t locate the owner through the mail or talking to neighbors. The next step a persistent investor might take is to hire a skip trace service.
If you’re not familiar with skip tracing, it’s an in-depth search of particular information that is not generally available to the public. Skip-trace companies have access to different database sources than most of the public.
Skip tracing gives you a competitive advantage and the opportunity to close deals and put money in your pocket that other investors pass on. Generally,…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.