Went driving for dollars today and there were barely any vacant homes!

[Alex Silang]

I spent 45-50 minutes driving for dollars and only found 1 house. I later looked up the town online and the average selling price is 400-500k. I am guessing that this is too high? What price point does driving for dollars make sense?

[Brett Russell]

@Alex Silang , first off, I would say you should probably define your target market first, and then do some driving.

Your target will probably depend on your planned exit.  $400-500K areas probably won't be good for buy and hold, so I presume you're looking to wholesale to flippers?  In that case, there are people flipping at all price points.  It's obviously much more frequent at lower price points, but there could be much larger spreads on a property of that caliber, so don't count it out.

[Alex Silang]

 @Brett Russell:

I've read that it's not good to drive for dollars in affluent areas. The town I drove I thought was considered middle class, but I guess not!

[Joseph Weisenbloom]

@Alex Silang Alex I see you live in Allston which is a very nice but expensive area. I used to live in Westford. You wont find vacant houses in those high end areas. If I were investing in Massachusettts I would look in areas like Worcester, Lowell and Lawrence. Areas that could use some rehabbed houses.