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Updated almost 6 years ago,

User Stats

48
Posts
13
Votes
Tyler Hespeler
  • Real Estate Agent
  • Mystic, CT
13
Votes |
48
Posts

Driving for Dollars

Tyler Hespeler
  • Real Estate Agent
  • Mystic, CT
Posted

I have been spending a lot of time analyzing deals on the MLS and then driving the neighborhoods of these deals to check out what the area is like. It occurred to me that while I've been driving around, I could also start "Driving for Dollars" and take note of properties that look abandoned, and send letters to the owners. I've been researching this strategy and everywhere I've read seems to say to mention that you are a cash buyer. I'm still new to the game and do not have the funds to make a cash purchase. I am more looking to invest but I also am open to wholesaling. I was wondering if anyone has had experience with this strategy yielding sellers who are interested in seller financing, or going through a bank.

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