Driving for Dollars CLT

[Phillip Michael]

Hello fellow BP members. I've been driving for dollars and have come across a few really good properties here in the Charlotte, NC market. I've put the information in the local tax assessor to get more information on them. The preliminary numbers look awesome. My question is where do I go from there? How do I get more in depth information about the properties to KNOW that they're good deals before presenting them to buyers? Any and all responses are greatly appreciated. Thank you in advance! -Wholesaling Charlotte

[Daren H.]

Unless, you left out a lot of information in your post on purpose, I would say back up a few steps. I assume when you say you came across a few good properties you really mean you came across a few "bad looking" properties or properties that appeared vacant. Forget the tax assessor value, it generally means nothing in most parts of the country in terms of actual home value. What you need is the property owner information (name and address). You need to reach them directly via direct mail, phone, door knocking etc. Either way, you need to talk to them. You are nowhere near presenting deals to a buyer. Talking to the owner is the first step in all of this. If they don't have a motivating reason to sell at a discount or via your terms, nothing else matters in most cases.