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Updated over 1 year ago on . Most recent reply

User Stats

97
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Patrick Shep
  • Rental Property Investor
  • Washington, DC
37
Votes |
97
Posts

Driving for dollars and

Patrick Shep
  • Rental Property Investor
  • Washington, DC
Posted

BP Fam,

I'm a buy and hold investor with 6 units and I really want to accelerate my cash coming in by getting more cash for down payments.  I work a full time job, so I don't have much time to really jump into wholesaling and pulling lists and cold calling. I've got a bite on a potential deal to wholesale or flip because I stopped and talked to the owner who was outside.

I'm always looking at houses as I drive around.  I want to stop and drop off a  "Direct mailer" when I see these  houses in bad shape and then skip trace and call them. 


Has anyone done this before and does it help to knock on the door and talk to someone if they are home?

Thanks!

  • Patrick Shep
  • Most Popular Reply

    User Stats

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    Replied

    "I've got a bite on a potential deal to wholesale or flip because I stopped and talked to the owner who was outside." 

    This is what I prefer doing over any cold-calling and mailing strategies. Plus you said you are already driving around looking. Therefore, stopping and talking fits your lifestyle, plus it only cost you time and not thousands of dollars. I'm not crazy about buying the same list everyone's buying. If you do what everyone is doing you will get what everyone's got. Admittedly, I am a mom and pop operation but I do okay.  

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