Do you want to be successful at wholesaling real estate? If you really want to know how I'll tell you but I have to warn you that my method Doesn't require you to buy any expensive program. (If you're looking for something that will magically get you deals turn back now) My method is old school and that's probably why it works well for me because its dramatically different from what anyone else is doing. Even the few that are doing it are doing it wrong in my opinion and that creates a great opportunity for me (and anyone that reads this blog!) Okay, you probably already figured out it's Driving For Dollars because you read the title or looked at the picture (you're so observant, that's what I love about you)... BUT stick with me because I'm going to tell you how I landed 5 deals in the first 30 days of my wholesaling career with no experience, no training and no fancy tools of any kind. ***Read This Until The End And I'll Give You My Secret Weapon**** Step 1 - What is Driving For Dollars? I assume if you're reading this you know what driving for dollars is but I'll give you a brief overview. Driving For Dollars is a method of finding houses by hopping in your car and driving neighborhoods looking for vacant houses that potentially have owners that are motivated to sell. If you find a house that is vacant, distressed, run down or boarded up there is a high likelihood that the owner would be motivated to sell the property because its become a problem for them. The best way to spot a vacant house is the look for overgrown grass, un-shoveled snow, lots of flyers/papers laying on the porch, no curtains, boards on the windows, missing or locked utility meters and lack of any personal items. Step 2 - Where Should You Drive? Good question... If you're like most real estate wholesalers you're looking for a property an investor would love to have. This is typically going to be something they can fix and flip or renovate and turn into a rental property. Most times you'll want to focus your efforts in low to middle income working class neighborhoods. Avoid areas that have a lot of abandoned homes and pass by the wealthy neighborhoods with Bentley's in the garages . Step 3 - What Tools Should I Have? This is where I start to do things differently than others (remember this is the old school method) I want you to forget your Apple Maps, Google Maps and GPS and go to your local book store and buy a local street atlas. Just like in any search and rescue effort we're going to use a strategic grid search to find vacant properties ( vs randomly driving around town)
THE ONE THING I DO DIFFERENTLY THAT GETS ME THE DEALS!!! This is so important and for the life of me I can understand why people don't do it... When I find a vacant property in addition to writing down the address in my notebook I tape my "Awesome Driving For Dollars Letter" to the from door. Let's take a minute and analyze it's success so you know why it works so amazingly well for me....
That's truly why I believe this works so well... If someone took the time to write a letter, drive to your house and tape a note on the door you're going to take it more serious than just another piece of junk mail aren't you? (yes you would) Trust Me, This Method Works! Like I mentioned before I had no wholesale experience and no training when I started and within 30 days I had put 5 houses under contract with this exact method which made me $28,000 in assignment fees. (Not bad for a rookie right?) We're almost to the part where I give you my letter... But first here's a list of what you need
I've been wholesaling for quite a few years and without a doubt Driving For Dollars has yielded far better results for me than any other method and I attribute my success to taping my letter onto the front door and I encourage you to do the same. Finally, I know I said this method is free (and it still is) but I'm going to ask you for a favor... In exchange for this information and giving you my letter I'll ask you post a link to this blog post (or website) and share it with others... I'd truly appreciate it. If you have any questions just leave a comment below and I'll reply as quick as I can. Good luck out there Wholesalers!!! David @ The Wholesalers Toolbox Click Here To Download The LetterTake your driving for dollars to the next level with Deal Machine - The Driving For Dollars App
16 Comments
Richard Cascio
11/22/2018 07:33:18 pm
I have to say again thank you for making these video's. I have subscribed to your you-tube channel and gave your video's a like each 1 I watched.
Reply
1/5/2019 03:17:07 pm
Richard I think I already answered this for you on youtube maybe but I'll put it here for anyone else who might read it...
Reply
Cynthia Redd
8/3/2019 04:34:43 pm
David thank for explaining your method to me within this blog.
Darryl Johnson
2/17/2019 08:25:02 pm
Thanks for the value information you provide. I am new and getting started with wholesaling. I know people drive for dollars and get addresses then skip trace then send off mail, but wouldn’t it be smarter to just sign up for the vacant houses website that you shared, and download the vacant property list and drive to the house and tape the letter to the door? Thanks!
Reply
Hey David! You're so awesome, and thanks for the valuable information that you present in The Wholesalers Toolbox. Without people like you, people like me wouldn't know where to start. I have a philosophy that if you teach someone valuable skills that you know, you will in turn receive valuable skills and rewards in abundance.
Reply
Ahmad
4/9/2019 05:00:16 pm
Hi David, thank you for the valuable info.When you pull out the vacant houses list before driving by them, do you include out of state absentee owners?
Reply
Ahmad
4/10/2019 11:55:05 am
Ok gotcha, do you use 50%+ equity? and is there's a way to know if the property is free & clear in vacanthousedatafeed.com?
Nicholas LaFontaine
4/10/2019 09:12:09 pm
Hey David I have the vacant house data feed, and have done skip tracing, cold calling, direct mail but have not gone and personally put mail on doors, but want to do so. I was just curious, for absentee owners are you taping the mail to the vacant house or the absentee owners address?
Reply
Hi Nicholas, I always tape to the door of the vacant property and if its really distressed looking I'll also send a letter to the owners tax billing address.
Reply
Nicholas LaFontaine
4/13/2019 03:22:00 pm
Ok thanks, and with the vacant house data feed, do you focus more on properties that have the same tax billing address as the vacant house, to increase your chances of getting a response since they're not getting mail from anyone else?
William Brobeck
5/19/2019 09:27:13 am
I love how you've taken your knowledge of wholesaling and are helping beginners learn the ropes. Thank you.
Reply
JAN JURCISIN
6/11/2019 07:39:17 pm
Hey Dave, amazing information. I've been sending everyone I know to your website.
Reply
Your comment will be posted after it is approved.
Leave a Reply. |
The Wholesalers BlogWritten By:
Beach Bum Wholesaler Archives
November 2021
Categories
All
|