Estimated reading time: 4 minutes
REI skip tracing refers to Real Estate Investor skip tracing. It’s a specific type of skip tracing that’s best suited to people who want to get deeper into the real estate investment game, which can range from people who have never invested in real estate before to people who are thinking about making real estate a full-time job.
Is REI skip tracing useful? Could you use REI skip tracing? What’s the best way to handle REI skip tracing? Keep reading to find out everything you need to know about this topic.
What is REI skip tracing?
When you use REI skip tracing, you’re most commonly doing it to enter the real estate market. It’s also possible, however, for you to start REI skip tracing when you’ve already entered the real estate market. This will help you expand your reach in the real estate market, often to talk to homeowners who otherwise wouldn’t reach out for real estate opportunities.
Real estate requires a lot of research, which is why many real estate investors use batch skip tracing; you may want to look at records from law enforcement, collection agencies and more. This may be able to give you an idea of a homeowner’s background, which can give you some insight into whether or not the person might be willing to sell once you talk to them about their home.
Who uses REI skip tracing?
Mostly real estate investors use REI skip tracing. However, you don’t have to be brand new to the game or an expert to use REI skip tracing tools. You can be somewhere in the middle and still utilize REI skip tracing tools to propel your business forward. It’s a great tool for just about anyone, regardless of experience level or the number of homes you currently own.
REI skip tracing typically helps with information on the people you may want to purchase homes from. For example, right-party contact can help you get in touch with the individual who actually owns a home, rather than someone who used to live there. It’s a great tool to make sure you’re talking to the right people every time.
What does REI skip tracing reveal?
The information you find through REI skip tracing can vary dramatically. A number of factors will impact the information you receive through an REI skip tracing tool. For example, it may be different depending on the tools you use, the sources these tools pull from, how secretive an individual is, and what types of records the person has.
A simple property records search may be enough to find up-to-date information on some people, while you may need to take matters into your own hands with other people. The process of REI skip tracing is one you’ll have to go through individually with each homeowner, so the information you find will also vary.
How can I start with REI skip tracing?
As with many things, starting your journey with REI skip tracing isn’t necessarily as easy as it sounds. There is a number of things you will have to figure out yourself, especially when it comes to doing REI skip tracing more effectively. However, one thing you don’t have to worry about is finding the right tools — you can just use Tracers.
Tracers is a great tool that pulls from the most sources and scans the most records to find the people you’re looking for. Whether you’re trying to find a notoriously secretive homeowner or you just need to perform a quick search, you can use Tracers to do it. Sign up today to start using Tracers for all your REI skip tracing needs.
REI skip tracing could be just the tool you need
Most commonly, you’ll use REI skip tracing to get in contact with people who own properties but don’t have much investment with the property anymore. If you can get a property back out on the market, you can earn on a lot that’s otherwise just going to sit there. Plus, you can gather other information on the owners, including:
- Asset information.
- Personal and business relationships.
- Criminal records.
- Social media.
- Address history.
This is all information you can use to come to an agreement with a current homeowner so you can invest more heavily in the real estate market. Tracers is a great way to gather the information you’re looking for, regardless of why you’re looking for that information. If you’re planning to skip trace anyone, Tracers should be your first stop.