BiggerPockets

Kelly

Take the whole bunch, you can pick those you want to hit first, but each one of those addresses has future potential value to you.

I took the whole county and it was worth it. I almost only took a couple of cities but half of my deals were out of my usual market area and well worth it and some of those out of area leads lead to deals in my area..

Kelly - I don't know how it is in your county, but where I am (central VA), we are able to access the tax records online through MLS and pull down that info ourselves. If you are friendly with a real estate agent, maybe you can save yourself the $80?

As Daniil said, the MLS in most areas can be a useful tool for this - though the realtors who use that MLS might not have a clue about how to go about doing this.

"Then target all the high equity properties first: sort by last sale date and start mailings from the oldest to most recent."

Hello everyone.

Absentee owners are great, however active for rents are better. If you're marketing to an absentee owner when you order your list order it through ListSource.com online they charge 21 cents however buy it from First American Title for 6 cents and filter out anyone who owes more then 60% on the houses value.

Doing this saves a ton of mail expense sending mail to over leveraged property and also create a source for money as well.

Absentee owners are "Investors" and those with high equity have money in the bank too...

Good luck

Michael

Kelly, I too gather this data from the tax assesor. Through the time put into sorting, collecting, and organizing this data we decided to hire a buddy to build a few codes in visual basic within excel to easily sort this massive amount of data. We typically sort 70K residents every three months using this sheet.

You can also select custom criteria to match the target market(s). IMO a few of the best search criteria are: date of sale, type of instrument recorded last, state in which the tax role is sent, current appraisal value, exemption type(s), appraisal adjustment(labeled as percent good here), and by name(can find owner of multiple homes easily).

I hope this helps

Charles, that's a fantastic list! I would definitely need a techy to do the codes, but it'd be worth every penny. The complicated sorting was what was holding me back from getting the entire list.

What does the appraisal adjustment tell me?

And have you had any experience getting this info from the MLS, like others have mentioned?

posted again

That's a lot of posts Kelly, did you get excited :mrgreen:

I currently do not have such a program for the mls data, usually I sort this data when gathering it through the online software - much easier this way.

The appraisal adjustment is used by the appraisal district as implied, to adjust the value of a given property. The property is assigned a code and an adjusted value throughout it's useful life for valuation purposes, this depicts the type of property and adjusted base value per SQFT. The appraisal district then uses the "percent good" as a tool to adjust the value in an effort to correct for market conditions, house condition, amenities, etc. Keep in mind this could be different in your area. It's easy to track a problem house using this method, if the percent good is only 5% and the current appraisal is 10K in an area of 70K homes, you might be onto something.

Michael

You said ""If you're marketing to an absentee owner when you order your list order it through ListSource.com online they charge 21 cents however buy it from First American Title for 6 cents"" Can you explain that a bit better. So do we order from List source of First american? Does First American do this nation wide?