How much should I expect to pay for a list?

Question

I am new investor who plans to start my wholesale business this January. I am in the process of researching how to buy a decent list to market to.

My criteria is as follows:

Absentee owners

SFR (3-5 bedrooms)

Owned 7+ years

40%+ equity

I used listsource.com to target my hometown and found 3,430 leads. This list costs approximately $591.68 which roughly equates to $0.17 per lead. Is this a normal price to pay for leads?

On BP I also heard of people mention another website called agenpro247. It looks like I can do the same search but am limited to 2000 leads for $80/month which equates to $0.04 per lead. I do not know the quality of the lists coming from this website so am unsure if I should sign up.

As a new investor I am doing everything I can to keep costs down while I learn the business, any advice you guys could provide would be greatly appreciated.

Braden C. · Answer

Call listsource and setup an account, your cost will drop to about $0.08 per lead.

Dev Horn · Answer

Even if you set up an account with Listsource, they still charge 10 cents for that Equity % filter.  8 cents would be their pre-paid cost for a list without that filter applied.

Dev Horn · Answer

We use Listsource and their data quality is excellent.  Yes, that price is right. Their price is higher because they actually collect primary data from sources such as county courthouses, etc.  Also note, they charge 10 cents to use their EQUITY % filter, otherwise their base cost is similar to others.

You might also check into Click2Mail.com - they have a Loan-To-Value (LTV) filter that you can use (it's the opposite of Equity %, so 90% equity = 10% LTV) and they don't charge extra for that.  One issue with C2M, you cannot separate in and out of state absentees (as you can at Listsource).

I have not used agentpro247.com.

Account Closed · Answer

get them for free from a local investor friendly title company....spend some time cleaning the list up and you're good to go, at least to get started. :-)

Robert M. · Answer

Account Closed Thank you so much for taking the time to answer my questions. I had no idea that setting up an account over the phone instead of over the internet was so much cheaper. It effectively halves my costs to get this direct mailing campaign ball rolling.

Dev Horn · Answer

Tell them you want that deal with the FREE Equity % filter because I'm not aware of anyone else who gets that!

Braden C. · Answer

They don't charge me anything for equity %, I just created a quick list to confirm this.

How much should I expect to pay for a list?

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