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Updated almost 7 years ago on . Most recent reply

User Stats

30
Posts
17
Votes
Patrick Olownia
  • Lakeville, MN
17
Votes |
30
Posts

Driving for $$$/Direct Market Mailing!!

Patrick Olownia
  • Lakeville, MN
Posted

Hey gang!

So, I've just started learning about real estate over the past month and haven't been able to stop reading, meeting with BP members, listening to podcasts and a countless number of other resources. I haven't purchased my first property just yet, but I wanted a little help when it comes to driving for dollars and direct market mailing. I currently live in MN and just like many markets I believe we are in a "hot" market... finding deals is tougher at the moment, not impossible... but slightly tougher... and as I'm doing property analysis I'm just not seeing the type cash flow/cap rate I'd like to see. 

With that being said, I'd like to tap into the world of driving for dollars and direct market mailing to see if I can get my hands on an off market deal. My current debacle is if drive by a home and have some interest in it, is there anyway for me to find out if the property is a multi family home (which is what I am interested in) aside from just looking for multiple mail boxes or multiple utility meters? I don't think I am able to see this kind of information online on the country's website, and if so, I must not be looking in the right area. 

Any help or tips would be greatly appreciated!

Thanks!

Most Popular Reply

User Stats

47
Posts
30
Votes
Jake Hilden
  • Realtor
  • Minneapolis, MN
30
Votes |
47
Posts
Jake Hilden
  • Realtor
  • Minneapolis, MN
Replied

Hey Patrick!

A few tips on the determining what type a home may be would be to check Realtor.com (I have found that to be more accurate). It will say either single family or multi-family. Try downloading apps such as Homesnap which is one of my favorite apps for looking at properties. Also network with local agents in the area. I would be happy to research a property for you anytime if needed if you can't find information on it. Just message or text me the address! 

Good Luck!

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