In this competitive real estate market, it’s imperative always to be one step ahead of the competition. Minimizing your level of risk in any real estate deal is important as well. One of the most profitable, low-risk and uncompetitive real estate opportunities out there right now is in vacant houses. For more information on how to find vacant properties, check out this article.
Though potentially very profitable, vacant houses can be difficult to find. After finding a vacant home worth investing in, you’ll still have to find the property owner so that you can make them an offer. The difficulty in finding vacant houses and vacant home owners has caused many investors to avoid investing in them at all. This means more deals for you.
Property owners are difficult to find. They don’t live in the house, they rarely visit the house, the contact information for that property owner is not public record, etc.
There are several different ways to locate a property owner Most of them are time-consuming and costly. There is, however, a way to find the property owner quickly and easily too, (which we’ll get to shortly).
Let’s start with the traditional and more widely used methods of locating vacant home owners:
Visit the neighbors
Most likely the neighbors aren’t happy with the fact that there is a vacant property in their neighborhood. Vacant properties can be breeding grounds for vandals and squatters, and if left unmaintained, can be quite the eye sore. Not only might a property like that put their personal safety at risk, it can also devalue their own property. Feel free to ask the neighbors about the property and details about the whereabouts of the owner.
The Assessor’s Office may be able to give you more information on where tax statements are sent and if the property owner has any other properties. If available, they may be able to give you the home owner’s name as well.
If you know the home owner’s name, you can use that to find any documents signed by the home owner to see if they own any other property. You may also find marriage licenses and voting records which can contain information such as birth date, SSN, employment history or other addresses.
Send a Post Card or Letter
This is one of the most traditional ways to locate a vacant home owner. Send a post card or letter to the vacant property with the words “Do Not Forward – Address Correction Requested” on it. If the Post Office has a forwarding address on file for that home owner, the mail piece will be returned to you with the forwarding address listed.
Leave a Note
In some rare cases the property owner will return, so leave a big bold yellow note on the door stating you want to buy that property. If the property is close enough to the road, make the note large enough that passerby’s can see it. They may contact the property owner for you.
Any of these methods you may use to locate a vacant home owner can be timely and costly. Many investors actually give up due to the complicated process involved. The good news for you is that there is an easier, faster way to find a vacant home owner, which means you will eliminate your competition and have the ability to spend more time finding and doing deals. This resource is known as Real Estate Skip Trace. Although it is among the easiest and most cost- effective ways to locate a vacant home owner, not many investors know about it yet. That gives you another advantage, because you’ll find the vacant home owner before your competition even has a chance. For more information on finding missing property owners, click here.
Vacant properties are among the most profitable investment in real estate. Why is this? These properties are difficult to locate and the property owners are even more difficult to find as you already know. While your competitors are spending countless hours finding vacant properties and owners you’ll have access to the resources you need to easily do both
Now that you know you can confidently locate vacant home owners, you’ll have more time to do more deals. That means you also need an easier and faster way to find more vacant houses in all of your markets. Find out how you can get access to vacant houses nationwide instantly without leaving your office chair by clicking here.