There’s been a buzz around skip tracing in real estate of recent and you been wondering how skip tracing helps house flipping. Skip tracing is one of the most proficient hacks out there when you want to go into real estate investing or house flipping. But first, don’t lets leave you vaguely trying to understand what skip tracing is. By literal or practical definition skip tracing is trying to track down a person who is difficult to find either by choice or unavailability of sufficient records on that person. By Origin, skip tracing was used to track someone who skipped town to avoid punishment for a certain misdemeanor. In the context of real estate, there’s a bit of disparity in what skip tracing means. Skip tracing in real estate means deploying the aid of software or an existing service to help you find motivated sellers, off-market deals and properties in suburbs with high flipping potential. So how does skip tracing help flipping?
How Skip Tracing Helps House flipping
Before rushing to pay for a skip tracing service or software, you have to know where to start from. Knowing where to start from basically means you have a plan or goal in mind and you understand how skip tracing enables your house flipping goals. Take for instance John is looking to make a profit of about $20,000 – $30,000 monthly off house flipping, he’d have to invest in a skip tracing service to meet that goal. So how does this work?
- Identify Your Goal: As we said in the earlier example relating to John, having an understanding of what you want will help you decide whether or not skip tracing is ideal for you.
- Define your skip tracing strategy: Define the approach you want to take to skip tracing. You could start by checking the internet, social media, and public records. Depending on the amount and precision of the data you need. If you are content with investing in nearby real estate within a specific locality, perhaps your local newspaper or local county clerk’s office will do. If you are more ambitious about investing in real estate, you should consider using a skip tracing software like Need To Skip. Need To Skip provides you with in-depth data that helps you communicate with motivated property owners. They also provide a relationship report that indicates the associates of property owners and also their work and mobile numbers.
- Identify a property type: Identifying a property type means you are looking to invest in. Whether a detached house that you are looking to fix or flip or rental property that will help you make residual income.
The Advantage you get
Any serious real estate investor should consider skip tracing as a viable tool. Real estate skip tracing helps you edge the competition. Without skip tracing, you are probably with a thousand other peeps looking to find that ideal property that they can flip to make a handsome profit. With a skip tracing service like Need To Skip by your side.