Sixty dollars of gas a week against a purchased list of the same zip
Before I put time into this method I keep trying to price it honestly, and I come at it from the capital side. A pulled list of absentee owners with high equity in one zip runs me a monthly software fee plus per-record skip trace charges. Driving the same zip costs me gas, a Saturday morning, and my own attention.
The argument for driving is that physical distress doesn't show up in records for months, sometimes years. A roof with a tarp on it, a garage door off its track, that's information the list buyer doesn't have yet. You're paying with time for an informational edge.
The argument for the list is that my Saturday has a real price, and 20 streets is a rounding error against a whole metro the data covers instantly. If my time is worth anything, the gas is the cheapest part of driving and the labor is the expensive part.
What I can't work out is whether the two overlap so much that driving is just a slower way to find the same absentee owners. If the distressed house is also on the high equity list, I paid Saturday for nothing.
How are people here actually splitting the sourcing budget?
If you had to pick one sourcing spend for the next 90 days
23 votes