Lead Recycle

PlaybookHigh equity5 min read

Budgeting a List Order: Records, Cost and Where to Start

Work out what a motivated-seller list costs before you order: the per-record math, the minimum order, which county and list to start with, and how to split a big county into ZIPs.

Objective

Know what your first order will cost before you place it, and spend it on the rows most likely to answer.

Pricing here has two parts and nothing else: 2¢ per record, and a $10 minimum order. No subscription, no setup fee. So the only real question is how many records you need.

The math

Multiply the record count by 2¢. If the result is under $10, you pay $10. That minimum covers 500 records, so any order of 500 rows or fewer costs the same.

Spreadsheet: count in A2, cost out
=MAX(A2 * 0.02, 10)

Here is what each list costs for a whole county, using Boulder County, CO, October 2026 data (133,279 properties on file):

ListRecordsData cost
High equity123,159$2,463.18
Free and clear54,650$1,093.00
Absentee owners49,378$987.56
Corporate owned38,795$775.90
Pre-foreclosure4,290$85.80
Tax delinquent1,892$37.84
Vacant1,403$28.06

Data is the small line in the budget. Printing and postage on every record you mail will cost far more than the records themselves, so plan the mailing budget first and let it decide how many rows you buy.

Pick where to start

  1. Step01

    Choose one county you can work

    Start where you can do the deal, not where the count is biggest. Good signs:

    • You know prices well enough to make an offer without guessing.
    • You, or someone you trust, can see a property in person.
    • You have a title company or closing attorney there.
  2. Step02

    Choose the narrowest list that fits your offer

    A broad list isn’t a filter. In Boulder, high equity matches 123,159 of 133,279 properties, about 92% of the county. Buying it whole is close to buying every owner.

    Start with a narrow list that matches your offer instead, then use the signals column to stack. Every row carries every list it matches, so a vacant or tax delinquent order already tells you which of those owners also have high equity. No second purchase needed.

  3. Step03

    Split a big county into ZIPs

    When a list is too big for one mailing budget, order it a ZIP at a time instead of the whole county:

    • Look up the count for each ZIP you are considering.
    • Start with the ZIP you know best, or where your buyers want to own.
    • Work it fully: every touch you planned, every reply logged.
    • Then order the next ZIP. Each order is priced on its own.

    A small ZIP can come in under 500 rows, and you pay the $10 minimum either way. If that happens, consider ordering the whole city instead of the single ZIP.

  4. Step04

    Write the budget down

    One line per order: area, list, record count, data cost, mailing cost, and the date of the drop it came from.

Three ways to waste a list budget

  • Buying the whole county on day one. You pay for rows you won’t mail before the next drop makes them stale. Order what you can work this month.
  • Buying the same owner twice. A property on two lists shows up on both orders. Before you mail a second list in the same area, match it to the first on apn plus county_fips and drop the repeats.
  • Sitting on a file. Pre-foreclosure and tax delinquent rows change fastest. Order them close to the day you mail, not weeks ahead.

An illustrative budget

Say a hypothetical investor can mail 2,000 letters this month. They could buy a 2,000-row ZIP slice for $40.00 in data, or a narrower list across the county if its count is about the same. Either way, the count matches the mailing budget, and nothing they paid for sits unused.

Compliance

Lists are for marketing only. They can’t be used for credit, tenant screening, hiring, insurance or any other FCRA purpose.

Checklist6 items

Before you place your first order

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