Driving for Dollars for the first time

[Tyrone Alcorn]

First off, I'm completely new to wholesaling and for the past 2 weeks I've been eating and sleeping real estate from reading the education section of BP, listening to podcasts, reading books, and watching vlogs. 

I found the preforeclosure list and tax delinquency list in my county and have been studying them for a couple days now. So today, while coming back from going out with the family, I decided to test my delinquency list out and look at a property on the list. Sure enough, we drove by and the place looked abandoned and showed all the signs I've read about and heard. Its a nice house in a very nice neighborhood, might I add.

Since this is my first time seeing this and I haven't had a chance to build a buyers' list, get a title company, or find a good real estate attorney to check the buyer/seller agreement I'm like a deer in the headlights. 

Any help right now would be much appreciated. Has anyone been in this situation before? What should I do first..second..third..LOL

Here are the numbers I have so far. 

Tax list shows its has back property taxes since 2016 (as far as I went back) for $17,745.66

Market value per Landglide shows $231,905

-Also shows the house was purchased in 2016

-Did a comp search and shows the house could be worth 303,000

[Lydia R.]

@Tyrone Alcorn First thing to do is to find out who owns the property, look them up on the tax assesor website. Talk to the neighbors and see if they know anything. Skiptrace the owners, call them and ask if they would like to sell and go from there. Good luck! Keep us posted on what happens! Feel free to PM me with questions!