What is REI skip tracing?
Skip tracing, in simple words, is a tool that you use to find information about people who are missing, unresponsive, and/or hard to find. Every industry and market has people who have gone AWOL and skip tracing is the best tool at your disposal to track them down.
REI skip tracing refers to Real Estate Investor’s skip tracing that is most commonly used by investors who are looking for opportunities to grow in the real estate market. While looking for new properties and apartment buildings, you might come across an owner about which little to no information is available. Skip tracing is the best thing that can happen to you when you want to know more about a property owner’s background.
REI skip tracing tracks every bit of information that can be found on the web, social media platforms such as Facebook and Instagram, credit reports, and other valid sources. When you have all the information you need, you can decide whether the seller is a good guy to do business with and if so, skip tracing will help you find his current address.
What can REI skip tracing reveal about a person?
When a person goes online, they leave footprints and identification marks all over the web including various websites and social media platforms. They may not know that this information can be used to trace them. REI skip tracing makes use of that information and goes deep into a person’s online presence, present, and past. It presents all the information to you in the form of a report that has all the latest contact and address information. Looking at the data, you can make sure whether the seller is credible and reliable and if yes, you can contact them right away.
Who can use REI skip tracing?
Whether you are a newcomer to the real estate market or an experienced real estate investor, skip tracing can help you find information about property owners. It’s best for investors who are looking into buying a property and want to run a background check on the owner. Batch skip tracing is another tactic that can help you dig up information about multiple properties and property owners at once.
How do you do skip tracing?
Skip tracing is a complicated task and not everyone can do it. You can start by using the information you have and run a Google search or a name-based search on all the social media platforms. If you are lucky, you can find relevant information about the person. The information that skip tracing can come back with includes phone numbers, current residential addresses, and employer details. Most investors hire professionals to do the job for them because skip tracing can be daunting and consumes a lot of your time.
Why should you use skip tracing?
Often, public records are the only thing that you can find about a prospective property owner. These records can be outdated, invalid, and unreliable. When you are thinking about closing a deal, you need to have all the information you can get. Skip tracing is just the tool you need to do that. It inspires confidence and provides you with a better understanding of the property and its owner. You can use the information to your advantage and close deals faster. As an investor, investing in batch skip tracing can help you avail more properties in a short time and get recognized in the real estate world faster.
