Virtual Driving for Dollars
What is Virtual Driving For Dollars
What is Virtual Driving For Dollars?
Virtual Driving for Dollars is a new term used by real estate wholesalers and investors that describes a strategy for finding vacant, distressed houses they can potentially buy from the owner at a substantial discount. Utilizing the deal machine driving for dollars app along with the chrome extension, the person virtually drives residential neighborhoods from their computer, adding addresses to their deal machine dashboard allowing them to start a mail campaign or call the property owner directly to ask if they have an interest in selling their distressed property.
Virtual Driving for Dollars is a new term used by real estate wholesalers and investors that describes a strategy for finding vacant, distressed houses they can potentially buy from the owner at a substantial discount. Utilizing the deal machine driving for dollars app along with the chrome extension, the person virtually drives residential neighborhoods from their computer, adding addresses to their deal machine dashboard allowing them to start a mail campaign or call the property owner directly to ask if they have an interest in selling their distressed property.
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I would imagine that most wholesalers will be using this strategy on their own without building a team, which means you'll only need the Basic Deal Machine Plan at $49.00 per month. (I'd suggest enabling street view pictures on your postcards for an additional $20.00 per month.)
If you want to hire virtual assistants to do the work for you, then you'll want to start with the Professional Plan which is $99.00 per month allowing you to add one other full access user and two Deal Finders (virtual drivers) Once you perfect your system and are closing a bunch of deals, you might want to jump up to the Enterprise Plan at the cost of $2990 per year that enables you to add up to 300 virtual drivers. |
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Virtual Driving For Dollar Checklist (individual)
Use this Virtual Driving for Dollars Checklist to capture THE WORST looking houses in your area from the comfort of your own home.
- Sign up for deal machine using The Wholesalers Toolbox Link
- Download the Chrome Extension
- Pick an area on maps and start driving! Keep track of the streets you've completed so you don't cover the same area twice.
- Follow up with your leads via direct mail immediately within the app. Make sure you have the Street Pic add-on enabled to populate virtual D4D property pictures on your mail.
- Skip trace and call your leads. Call anytime the sun is up. Make your calls the first thing you do during the day. The opening line during your phone call should be “Hi, is this (NAME)? My name is ____ and I’m calling about (property address). Do you own it? Would you consider an offer on it?
- If they say yes, close it over the phone. Here’s an example of a DealMachine member closing a D4D lead on the phone. (He made $20k).
Virtual Driving For Dollars Checklist (Team)
Use this Virtual Driving for Dollars Checklist to have your virtual drivers capture THE WORST looking houses in your area from anywhere in the world.
(Before you start this list make sure you have set up a Deal Machine Account by clicking here)
(Before you start this list make sure you have set up a Deal Machine Account by clicking here)
- Post a job at onlinejobs.ph for $4 an hour. This should generate 100+ applicants overnight!
- Give job applicants a task, so you don’t have to look through their resumes. The task should be: “sign up under my DealMachine account and add 20 properties” for Enterprise Plan members. (If you don’t have the landing page that comes with Enterprise, tell them to email you a word doc with 10 screenshots of “run down houses” near XYZ area.)
- Speak with the first 3 people that complete the task successfully. Choose your favorite and hire them for 20 hours per week.
- Add the chosen one to your DealMachine account as a DealFinder, if you haven’t already.
- Have them download the Chrome Extension to add properties. (Give them this instructional video)
- Give them an area to look for properties. If you don’t know where to pick, use this trick.
- Set key performance indicators. Have them email you at the beginning and end of each day what their goal is, and if they accomplished it. The goal should be at least 20 properties per hour.
- Follow up with your leads via direct mail immediately within the app. Make sure you have the Street Pic add-on enabled to populate virtual D4D property pictures on your mail.
- Call your leads. Call anytime the sun is up. Make your calls the first thing you do during the day. Opening line during your phone call should be “Hi, is this (NAME)? My name is ____ and I’m calling about (property address). Do you own it? Would you consider an offer on it?
- If they say yes, close it over the phone. Here’s an example of a DealMachine member closing a D4D lead on the phone. (He made $20k).
Have any questions? email me at hello@TheWholesalersToolbox.com
