Updated about 7 years ago on .
Is the seller motivated? Lien history data ups your game
Hey BP community,
Kuba Fietkiewicz here, founder of online real estate investment software REIkit.com. Today I’m going to make it short and sweet, and let you know about a tool that will save you time and give you greater negotiation power with a motivated seller.
I love hearing success stories from wholesalers and flippers who help homeowners in distress and manage to tuck a little into their pocket as well. This is the ultimate win-win, and it’s part of why I’m so excited to tell you about the new Lien History data released on REIkit.
You’ve already done the work — you drove for dollars and door knocked, did skip-traces and cold-calls. Wouldn't it be great if you had “insider” information to:
- Understand how many times the owners have refinanced, are they upside down?
- Save time by removing owners that you can’t help from your list before you engage them.
- Know instantly if there is any wiggle room at the negotiation table with Estimated Owner Equity Amount.
REIkit Lien History data shows you all liens that were ever taken out on the property, and specifically:
- The date the lien was recorded
- Lender’s name
- Lender type
- Borrower name(s)
- Is the lien a Home Equity Line of Credit (Heloc)
- Loan amount
- Estimated interest rate
- Mortgage length
- Due date
- Estimated balance remaining
- Estimated Owner Equity Amount
Understanding motivation is gold in this business, and it’s incredibly easy with REIkit.
Head over to the site to check out your property’s Lien History data by clicking the link below and signing up for a free trial:
Any questions feel free to leave a comment below or chat on the site.
Cheers!
Kuba