Skip Tracing leads is a major part of real estate investment. You need to identify outlets for you to get leads and also be more strategic in the deployment of your resources. Being strategic means properly planning out the efforts you’d put into getting leads, the financial goals you are looking at nailing through skip tracing, how those leads help you meet those goals and also how they boost your investment portfolio. Identifying these factors are quite important, but what do you do after outlining these factors. We’d be taking insights from our industry knowledge/experience and analysis of recent trends and events to give you pointers on where you can focus your skip tracing efforts. Lets tag them “the sweet spots”.
The Ten sweet spots.
Three important metrics or factors to consider in buying real estate for investment purposes are Job growth, Population growth and Affordability. There are several cities where you can invest in real estate while prices are still considerable and favorable for your investing goals. This list is made in no particular order.
Texas :Starting our list is the lone star state of Texas. Texas is home to 49 of the Fortune 1000 companies and the Texas Medical Centre. It has the marks of a state with high job and population growth with cities that are flourishing and quite business friendly. Average home price is $175,000 which is 21% below the national average of $220,000 , Texas seems to be a good opportunity to find motivated sellers.
New Mexico :New Mexico, is a culturally rich and naturally beautiful metropolitan area. New Mexico has a concentration of high-tech private companies and government institutions located along the Rio Grande river. New Mexico is experiencing consistent population growth and has a relatively cheaper average housing price of $204,000, 8% less than the national average.
Ohio :Ohio presents another viable haven for skip tracing leads. With a consistent population growth of 10% over the last 8-9 years. Fun fact about purchasing property in Ohio is that you can get renovated houses in good communities for around $100,000.
Georgia :Georgia has been in the news lately (wink if you know what I mean). As at last year, the median price of 3 bedroom house was $190,000. Georgia has recorded a population growth of 12.18% over the past 8 years.
Michigan :Michigan is home to 100 Fortune 500 companies, including Penske Automotive, Quicken Loans, Kellogg, Whirlpool, and Walmart. Michigan brings a significant return for flippers. Michigan also provides an opportunity to make passive rental income.
Alabama :Alabama is one of the nations’ most affordable investment markets. It has a growing population and worker in the STEM space get higher than average salaries. Alabama is definitely worth adding to your skip tracing checklist.
Pennsylvania: Pennsylvania is home to several large corporations that help to keep its growing economy stable. The area is also seeing steady rise in home value with over 21% equity growth over the last 6 years, so there is significant potential for property appreciation.
Indiana: Indiana is a fast growing hub for technology with a bias for bioscience and research. It is one of the states where you can purchase like-new, rental ready properties for only $80,000 to $135,000.
Illinois :Illinois hasn’t recorded much increase in the price of real estate skip tracing due to the state’s tough foreclosure laws. The median sale price for a home in Chicago is $210,000, but it’s still possible to find homes for sale in mid-level neighborhoods between $128,000 and $210,000.
Florida: Jacksonville, Tampa Bay and Orlando are some of Florida’s biggest cities and a prime destination for real estate investors although home seekers have a penchant to rent than buy, so it might be cool for you think of rental income.
Kindly bear in mind that this list contain our opinions and we do not intend to pass this list off as recommendations.