Just Started Driving For Dollars

[Ryan Furst]

I just started driving for dollars and have found some vacant homes that are owned by absentee land lords.

1. What should I say on the hand writen letter I send them?

Note:

- I intend to buy with bank financing.

- I am buying it to use as a house hack (single family home and rent out the other rooms) and eventually move out.

2. Everything I have read talks about buying for cash but I would not be able to do that. Do I even bother contacting them if I can't buy cash?

Thanks!

[Jake S.]

Hey Ryan!

You could still do this, you just either need to get other investors to fund it, possibly get a Line of Credit to cover it, or see if the owner would be willing to do a Owner Finance deal

Say in the note that you noticed the house was sitting vacant and how you'd love to take that burden off of them and either cash them out of it, or be able to provide longer term passive income to them through owner financing