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Updated about 7 years ago,
Driving for Dollars - 1st attempt, small sample
Hi BP Nation,
I'm looking at wholesaling as a way to fund future buy and hold investments. I was driving for dollars this past weekend, just looking at SFH's near my house. I looked up the addresses on pellegro.com because they have a link to the County parcel number so I can look up tax info, etc.
I focused on a "last sold date" of 10+ years ago, with the assumption that this could equate to higher equity. My list isn't big but I wanted practice looking up properties on the King Co. website, etc. I have a spreadsheet with the following columns:
Address , Year Built, Size, Bed/Bath, Last Sale, Parcel No (as a hyperlink)., Assessed Value, Annual Taxes, Tax Address different than property addres? Rehab Estimate, Rent Estimate, ARV.
The rehab, rent and ARV figures have not been verified but I was using Pellego.com which filled this in for me (I need to read J. Scott's book on estimating rehab costs).
Since it's such a small list I was thinking of doing some short, handwritten letters. What do you think? Are there other columns I should add in the spreadsheet? Thanks in advance for the input.
Taj