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Updated over 7 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
David Silva
  • Palmdale, CA
4
Votes |
28
Posts

Finished Driving For Dollars, now what?

David Silva
  • Palmdale, CA
Posted

Hey BP community, So i went out driving for dollars and now i have about  10 properties that i noticed were distress and seemed abandoned. I searched in zillow and they are all off market. i checked for tax records and only one is delinquent.

now here are some questions

what is my next step? 

how do i submit the offers? should i send to the house address?  is there a template i should use? 

please help, I'm trying to pull my first deal. 

Thanks 

Most Popular Reply

User Stats

92
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72
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Erik Orozco
  • Mcallen, TX
72
Votes |
92
Posts
Erik Orozco
  • Mcallen, TX
Replied

Hey David,

Glad to hear you're a fellow newbie taking ACTION! This question jumped out at me because just a few months back I was asking those same questions spending a lot of time spinning my wheels!

Next Step: Your next step would be to mail the OWNER address not the actual house address. (I would get back out there and get at least another 50-100 houses) if you mail only 10 houses you mostly likely will not get any responses and you'll quit the Driving 4 Dollars strategy.

Direct Mail Piece & Template: For my 1st mail campaigns if you're are doing direct mail on a budget I would go with pre stamped postcards from the post office or purchase the postcards and stamps yourself.

The template should be a simple message saying something like "I'm interested in purchasing your home at (home address). If your interested in selling please call (your number). I looking forward to chatting with you." Keep it short and simple with a call to action.

Submitting Your Offer: Once you receive a call be ready to ask several questions, allow the seller to talk as much as possible and gauge their motivation. Depending on their motivation set up the appointment to see the home and build additional rapport. Starting out I made all my offers in person, written with pen and paper explaining how I got to my offer price.

If you need any further help don't hesitate to DM! I'm no expert, but I'll help to the best of my ability! Good luck!

Erik Orozco

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