Are getting delinquent lists more effective than D4D?

Question

I’m looking into acquiring my counties tax default list. The list is a couple hundred bucks which I don’t mind spending, if it’s worth it. In anyone’s experience did you find doing this more beneficial than driving for dollars?

Lydia R. · Answer

@D’Andre Legrand I love D4D! As others have said, its not scalable if you are doing it yourself. If you are just starting out its a great and inexpensive way to find your first few deals. Make sure you get a bunch of business cards made and give one to every mailman you see. Tell them you are a local investor looking for houses that are vacant (with no for sale sign), houses with full mailboxes or houses that mailman knows are not receiving mail. Do the same with any city code inspectors that you see and also if you see people outside in their yards just let them know you are looking to buy a house in the neighborhood and ask if they know anyone who needs to sell.

Kase Knochenhauer · Answer

@D’Andre Legrand - more effective is a hard thing to answer. They are different though.

Delinquent tax lists indicate financial distress. D4D shows property distress. While they often overlap, they're not mutually exclusive.

While we've performed both in the Grand Rapids area, we lean heavily on sources we can pull automatically rather than having to manually drive as it saves time. For us, time is more valuable than money. I'd love to have more D4D leads but don't have the time to commit to performing this consistently.

As you grow your business, it's important to have various lead sources to ensure consistent deal flow and financial stability.

D’Andre Legrand · Answer

@Lydia T. Thank you Lydia, that makes sense. Has D4D been more effective for you?

Lydia R. · Answer

@D’Andre Legrand You might want to take a few minutes and research your states laws about who can approach these types of people. I know CA has laws about mortgage foreclosures and who can approach those folks and who cannot. So just make sure that you are compliance with your local laws. In my experience, tax and mortgage delinq homeowners tend to want to stay in their homes. Although in theory it seems like they would be more motivated, they actually arent. They are typically looking for a lifeline that will help them stay in their homes.

D’Andre Legrand · Answer

@Greg Dickerson Thank you for your reply Greg

D’Andre Legrand · Answer

@Kase Knochenhauer Thank you for replying Kase, everyone on YouTube swears by D4D but pulling lists seems to be more to the point

Greg Dickerson · Answer

D4D is hard to scale and results will be different for every market and different types of properties in each market as well. My best deals have always been vacant properties. You need to test things out and find what works best for you in your area. Other methods are to purchase lists with different motivations and stack them  like absentee owners, 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, evictions, probate, divorce, etc. Use any combo of the above and mail or cold call.

Other methods are driving for dollars, door knocking, wholesalers, craigslist, Realtors, FSBO sites, expired listings, put out bandit signs, billboards, newspapers, other offline publications.

You can use pay per click/adwords, motivated seller website with SEO, facebook, Linkedin, Youtube, and other forms of online and social media marketing. Compete with I-buyers with emphasis on being local.

If you have a big budget you can do radio, TV and billboards. Lots of bigger outfits do well with these mediums.

Are getting delinquent lists more effective than D4D?

Most Popular Reply