As an investor agent, or as a buyer agent working with investors, finding investment properties can be a difficult task. Remine can help you identify off-market properties that can be worthwhile investment opportunities, whether they're suitable rental properties, Airbnb rentals, or flipping opportunities.
What filters should I focus on?
Below are the filters on the Discover map that will be most useful for you as an agent who invests, or has investor clients, in finding the best leads.
- The Absentee filter indicates if the owner doesn't occupy the property. A property with an absentee owner is likely rented out or sitting empty. Absentee status is determined by cross-referencing the property address and the owner's mailing address. If the two addresses differ, we display that the owner is absentee. The Absentee filter also identifies those absentee owners who live in state vs. out of state.
- The benefits of this filter are twofold. First, you can target owners with campaigns to sell their homes. You can even tailor your messaging for in-state or out-of-state absentee owners. Renting out your home is particularly inconvenient when you live out of state, so you as an agent can speak to the owner's specific pain points when it comes to dealing with tenants and maintenance from hundreds or thousands of miles away. Second, you can target renters who may be ready to buy by door knocking or sending mailers.
- Distressed Deals
- Foreclosure status can be difficult to track down, unless you are paying for a specific service that specializes exclusively in distressed properties. Remine's Distressed Deals filter identifies the following states of foreclosure:
- Lis Pendens: Latin for suit pending, lis pendens is a written notice that a lawsuit has been filed involving the title to the property, or that there is a legal matter with the owner of the property. The defendant (property owner) has been notified that there is a claim on the property, and the recording is public information. This information is useful to anyone interested in purchasing or financing the property.
- Notice of Default: This filter is state-specific. Notice of default is the official correspondence between the lender and borrower, when the lender expresses its intention to foreclose on the property because the borrower has not made their payments. The borrower may prevent the foreclosure by paying the money owed (plus legal fees, sometimes) by a particular deadline. Some states require that the notice of default be filed with the county clerk. Notice of default is part of the process of a non-judicial foreclosure.
- Notice of Foreclosure (NFS): This filter is state-specific. Notice of Foreclosure Sale is a legal document that notifies the public of the date, time, and location of a foreclosure auction, as well as the address of the foreclosed property. This is typically a step in the process of a judicial foreclosure in a mortgage state.
- Notice of Trustee (NTS): This filter is state-specific. Notice of Trustee's Sale is a legal document that notifies the public of the date, time, and location of a foreclosure auction, as well as the address of the foreclosed property. This is typically a step in the process of a non-judicial foreclosure in a deed of trust state.
Note: This filter is available only with the Pro plan.