When driving by a vacant home, a real estate investor will often wonder what is going on with the belonging. Is it abandoned? Who owns it? What do they plan on doing with it? So how do you find information about a belonging “you think youre” strange about?
Public Records
You should begin your search by retrieving public registers, which are FREE to everyone.
Public registers generally include who the owner is, what the status of the property is, and lots of specific information on a property.
Four Sections of Public Records
Tax Collector
Tax collectors obtain belonging taxes. They deal with whether the belonging taxes have been paid, are past due, or even tariff liens. After so many years as a tariff lien a belonging can become a dead auction or a quiet designation depending on what your state has in place.
Property Appraiser
The property appraiser is the person who determines the value of a belonging is, thus establishing what the tax bill will be based off that importance. This district introduces a price on every belonging in their jurisdiction. This can include unoccupied country, commercial-grade agencies, residences, condos, shop plazes, and anything else you have been able think of.
Recorded Records
This is also known as the clerk or courtroom or register of deeds. They all do the same thing which is to keep a record of every deed, every mortgage, every single deed of trust, on every portion of real estate in their jurisdiction.
Planning Department
This is also known as the zoning district. This district has all the zoning informed on each portion of real estate.
How Each Segment is Helpful
Tax Collector
There are two ways to track down and find the tax collector website for your jurisdiction.
- A place like netronline.com, and then going to see public registers online and pick your state, then district.
Property Tax
On this same site you can type in the address and it will draw it up for you.
What we’re looking for when we are looking at a vacant belonging as an investor that it’s still owned by the dwelling proprietor , not by some bank
What To Look For
- Are tax payments up to date? If not, we know that if they aren’t paid for a long period, they’re going to have a tariff lien or eventually a tariff dead.
- It can help us with a parcel ID. That’s really helpful when we get into the other parts of these free populace registers.
- Who the owner is.
Property Appraiser
Once again using Google or NETR online, you have been able pursuing by proprietor epithet or parcel ID.
Useful Information Found Here:
- Type of ownership
- Sales History
- Floorplans
Note :
Property Appraiser does not tell you the exact market value, exactly the importance that they’re basing it on.We never want to base our values on the belonging appraiser. I have a great video on how to determine belonging importance, which is right here.
Recorded Records
What You Will Learn in This Segment
- Who the owner of the property is
- The latest deed of evidence
- How much is owed against it
- If it’s in foreclosure
Planning/ Zoning
- Is the home zoned for domestic or commercial field?
GIS Map
The planning and zoning report. That’s another thing you can do on Google, is you could nature in exactly GIS map for whatever that power is.
Recent Sales
See what other real estate selling off in the nearby areas recently
Shortcuts
Between a tariff collector, home appraiser, recorded records and the planning and zoning delineates, you have been able hear a lot about a vacant belonging for FREE
If you are looking to pay for a service that takes all of the above free information and other public information and introduces it into one residence to view.
The main player in that opening is CoreLogic. They have a make announced RealQuest
If you’re a licensed real estate agent, the listing form of this if you will is announced RealList. RealList is typically merely accessible through the local MLS.
If you do have access to the MLS, you instantaneously have access to one of these tools
Getting in Contact With the Owner
Send a handwritten note. Even if the address registered is not current, it could still be forwarded to the correct address. Skip detecting. This is basically a private detective’s database that is used to look up people’s information.The work I generally use is called peoplesearchnow.com. I have tried over 30 and like this one best available. Secret Hint to Encountering the Owner
Talk to the neighbors! They often know information about property owners you will not find online.
Conclusion
If you want to learn more about how to be a very successful real estate investor, I want to strongly support you to gather up and speak both of my books, both How to Be a Real Estate Investor as well as Real Estate Investing Gone Bad.
If you want to become a market result, first class, full experience professional, fund representing machine real estate investor, check out my apprentice platform where me and my team work directly with real estate investors and transform them into boulder hotshots of real estate.