Driving for Dollars for the First Time?

[Tim Ivanchuk]

So I was running this evening and thought I should check out this (new) neighborhood I live in while I did so. I found one house that had pretty bad siding, dented and rusting garage doors, poor landscape management. The typical 'distressed' property. I thought about how I could approach them to see if they would be interested in selling. My neighborhood is about a B -> B+ and this home was in C- condition compared to the ones around it, about B+. Just on the outside that is, couldn't find pictures online because it has not been sold for 20 years, or put up for sale for the past 20 as well. It looked abandoned. I do not have a ton of experience or goals to go into flipping, wholesaling, but its always an option if it needs to be. My main goal is cash flow with BRRR or buy and hold investing. Currently have one rental with tenants in it for two years now. I want to either flip or rent this house out.

How could I approach this situation? I do not do mass market mailings or anything of that type, this is just a one off opportunity.

[Sernel Joseph]

@Tim Ivanchuk I understand it can be quite frightening but just try to be organic and honest let them know what you’re looking or who you’re looking for. The neighbors know everything.

People don’t like BS, they can smell it from a mile away. Some neighbors may talk to you others may say no.

If you can’t find anything from the neighbors look on your county assessors website you can find the owners info there including their mailing address. You can then either sent them a letter or for a much quicker response skip trace them and give them a call.