{"id":188841,"date":"2026-07-30T14:00:25","date_gmt":"2026-07-30T20:00:25","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=188841"},"modified":"2026-08-03T06:59:26","modified_gmt":"2026-08-03T12:59:26","slug":"you-have-500-leads-now-what-how-to-prioritize-your-list-so-youre-not-wasting-marketing-dollars","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/you-have-500-leads-now-what-how-to-prioritize-your-list-so-youre-not-wasting-marketing-dollars","title":{"rendered":"You Have 500 Leads. Now What? How to Prioritize Your List So You&#8217;re Not Wasting Marketing Dollars."},"content":{"rendered":"<p><em>Sponsored by <a href=\"https:\/\/www.propstream.com\/\" target=\"_blank\" rel=\"noopener\">PropStream<\/a><\/em><\/p>\n<p><span style=\"font-weight: 400;\">As a real estate investor, you already know that finding deals is the cornerstone of building a successful business. Building a list of potential sellers is pretty straightforward these days\u2014there are software tools that can easily generate a list of 500 potential leads. So, not knowing how or where to find leads is definitely not an issue.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The issue is that you diligently mailed and called everyone on your huge list, got a very low response rate, and concluded that <\/span><span style=\"font-weight: 400;\">&#8220;marketing doesn&#8217;t work.&#8221; Maybe these data tool-generated lists are overhyped? Maybe you should go back to old-school ways of looking for motivated sellers, e.g., direct outreach?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s pause at the phrase \u201cmotivated seller.\u201d That\u2019s your real issue right there\u2014not using a tool that \u201cdoesn\u2019t work&#8221; but treating every name as equally likely to sell. To succeed, you must learn how to prioritize, and that involves reframing your goals from <\/span><span style=\"font-weight: 400;\">&#8220;How do I find leads?&#8221; to \u201cHow do I know which leads are worth spending money on first?&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how you do that.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What &#8220;Motivated&#8221; Actually Looks Like in Data\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The idea of a &#8220;motivated seller&#8221; can seem like a vague one. Traditionally, investors using direct outreach to find motivated sellers had to almost act as detectives, trying to suss out the property owner\u2019s financial position and goals and then pitch them an attractive opportunity. Essentially, you would be trying to build a complex picture of where the potential seller is from a puzzle piece here and there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Identifying motivated sellers can be a much more efficient and less labor-intensive process. All you need are concrete, visible data metrics that will give you a clear sign that the seller is ready for an offer. It\u2019s not a guessing game anymore when you have access to these key data fields. They are:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Equity position: <\/b><span style=\"font-weight: 400;\">How much of the property&#8217;s value the owner owns outright vs. still owes on a mortgage. High <\/span><a href=\"https:\/\/www.biggerpockets.com\/blog\/what-is-home-equity\" target=\"_blank\"><span style=\"font-weight: 400;\">equity<\/span><\/a><span style=\"font-weight: 400;\"> = more room to accept a lower offer and still walk away with cash.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Absentee owner: <\/b><span style=\"font-weight: 400;\">The owner doesn&#8217;t live at the property (examples include that it&#8217;s a rental or inherited home). These owners are statistically more open to selling than owner-occupants.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Length of ownership\/tenure: <\/b><span style=\"font-weight: 400;\">How many years the owner has held the property. Longer tenure often means more built-up equity and less emotional attachment tied to a recent purchase.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax delinquency: <\/b><span style=\"font-weight: 400;\">The owner is behind on <\/span><a href=\"https:\/\/www.biggerpockets.com\/blog\/property-tax-faq\" target=\"_blank\"><span style=\"font-weight: 400;\">property taxes<\/span><\/a><span style=\"font-weight: 400;\">, a sign of financial strain.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pre-foreclosure status: <\/b><span style=\"font-weight: 400;\">The owner has received a default notice from their lender, a strong signal of urgency to sell.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Your work doesn\u2019t quite stop at identifying these key areas, however. Just one of these doesn\u2019t necessarily mean that you have yourself a high-quality lead. High equity, for example, doesn\u2019t automatically translate into a motivation to sell\u2014some people would rather keep their home no matter what.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you have access to the right data, you need to filter your potential sellers and prioritize them based on how likely they are to want to sell. Again, it\u2019s not a guessing game: There\u2019s a simple formula for sifting through your list and prioritizing the highest-quality leads.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Building a Simple Scoring System\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Remember: Outreach costs you money, eating into your business budget. Therefore, you must treat it as a finite resource.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s why you need to prioritize efficiency instead of treating your lead list as a simple numbers game (contact everyone and hope for the best). Systematizing your outreach process is crucial if you want to pour the majority of your effort and money into the leads that will actually pay off.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no single \u201ccorrect\u201d framework for prioritizing your leads, but it could look like this:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tier 1 (contact first, higher effort):<\/b><span style=\"font-weight: 400;\"> High equity + absentee owner + long tenure. These owners have both the ability and likely motivation to sell.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tier 2 (contact second, medium effort):<\/b><span style=\"font-weight: 400;\"> Meets one or two of these criteria.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tier 3 (lower-cost outreach):<\/b><span style=\"font-weight: 400;\"> Meets none of the above but still fits the general buy box (e.g., right property type\/area).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Real estate is not an exact science, which is why sometimes, if you still have the budget and time for it, you might try one or two people in tier 3 in case your hunch they might want to sell turns out to be correct.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tiered framework just builds an element of discipline into how you approach your leads overall. So, rather than all your outreach efforts being just stab-in-the-dark hunches, most of them will have an evidence-backed assumption of motivation behind them.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Sequencing Outreach and Budget Around Tiers\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So, what does prioritization look like in practice? Once again, there\u2019s no guesswork involved. There&#8217;s a simple formula that makes outreach yield better, more predictable results: You pour more resources and effort into the top tier of your leads, the tier the most likely to generate deals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tier 1 leads should get a phone call or personal letter, which costs more but also has a higher chance to get them to sell. By comparison, tier 3 leads can be covered with a cheap postcard drip campaign. The juice is simply not worth the squeeze of a higher effort when your chances are low to begin with.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This tiered approach to budgeting your outreach directly ties list prioritization to marketing ROI\u2014spending more money on the leads most likely to convert first.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Easy Data Access With PropStream<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At this point, you might be asking yourself, \u201cWell, how do I get access to all this key data?\u201d That\u2019s where PropStream comes in.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.propstream.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PropStream<\/span><\/a><span style=\"font-weight: 400;\"> supplies the underlying data fields (equity, absentee status, ownership length, and tax and foreclosure records) needed to actually build this scoring system. It\u2019s not just another list-generation tool but the source of the details that make prioritization possible. Try it for yourself and see how your marketing efforts are transformed from haphazard to efficient and high-yield.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sponsored by PropStream As a real estate investor, you already know that finding deals is the cornerstone of building a successful business. Building a list of potential sellers is pretty [&hellip;]<\/p>\n","protected":false},"author":613618,"featured_media":182792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4252],"tags":[],"class_list":["post-188841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deal-analysis"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/188841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613618"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=188841"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/188841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/182792"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=188841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=188841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=188841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}