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Updated 3 days ago on . Most recent reply

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400
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
245
Votes |
400
Posts

Are any of you using code enforcement data for sourcing?

Dominic Mazzarella
  • Investor
  • Hendersonville, NC
Posted

I’ve been looking more at code enforcement and complaint data lately, mostly because the usual distressed lists feel pretty picked over.

What’s interesting to me is how often the same properties keep showing up with repeat issues or long-open cases
before they ever show up on the usual lists. Not saying every one is a deal, obviously. Some are just noise. But it does seem like there’s something there if you can sort through it.

The part I’m still trying to figure out is how useful this is compared to the usual stuff like tax delinquency, absentee ownership, pre-foreclosure, etc.

Are any of you using municipal data like code violations, complaints, vacant registrations, or permits in your sourcing? Or are most people still mainly working the standard lists?

I’m wondering whether this is something other investors are actually using, or if it’s still too messy for most people to bother with. 

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