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Updated over 5 years ago on . Most recent reply

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Phyllis Davenport
  • Waukegan, IL
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4
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Wholesale -Driving for dollars

Phyllis Davenport
  • Waukegan, IL
Posted

Hi BPF,

After driving for dollar I found some houses. Now at the court house doing my due diligence. Can anyone help me with what I should look for when researching the houses. should I look for Deed of Trust/Contract for Deed/Mortgage/Land Contract/Security Deed which one should I focus on the most? I know I need to look for the seller information and not the purchasers information. Should I secure a deal first
then take it to a title company do this? Pleas advise.

Thank you,

Phyllis

Most Popular Reply

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Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,036
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4,752
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Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied

To be very honest, and I will tell you right now, I have never driven for dollars, yet I am all about scaling, systems, and automation.. i.e. making the process efficient...

there has GOT to be a better way to do this my friend.

D4D and then do all the work at the courthouse without even knowing if the seller is motivated?

Dude, ... it is hard enough for us, getting tons of motivated seller leads without any effort, to then vet them and see which ones are truly motivated or not. That is NOTHING compared to the work you are doing.

Here is what I would do if I were in your shoes.

Call them up first before you do any due diligence.

Flat out tell ask them if they are interested in selling at all.

Bump all the "no's" and keep all the yesses. Prioritize the yesses by motivation level. Then do more due diligence. I would start with how much they still owe. If they owe too much I would dump them. Then proceed with only the best leads.

But to do due diligence like you are doing without even knowing if they even want to sell.. that can not be right... Again I never have done what you do so maybe what you are doing simply is the way to do it.. but if that was the case, I would absolutely not do it that way.

There are WAY better lead generation methods I promise you that!

  • Jerryll Noorden
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