Why drive 4 dollars when there are vacancy lists?

[Jonah Korchin]

Hey guys,

I am a new wholesaler and I am trying to see if there is a point to drive 4 dollars now a days because there are so many vacancy lists. Why not just use those instead of driving around looking for vacant abandoned properties?

thanks,

Jonah Korchin

[Trent Stone]

Just because a property is distressed doesn't mean it will show on a vacancy list. Owners, especially absentee owners, get TONS of letters. If you are there in person, leave something handwritten or have a conversation with someone who lives there you can get a big advantage over the people just buying lists. Also, lists cost money and the integrity of the lists is usually pretty low. I would say maybe only 50-80% of the records are actually going to be correct, depending on who you use. In my market, the distressed properties are very scattered, so driving doesn't make a ton of sense. But if you are in a big metro with lots of them, then driving for dollars can be more efficient. Spend $300 buck on a decent list or spend $30 in gas to drive for a week, just depends on your situation and budget. Also, the good wholesalers I know always have a few streams of leads, they'll never rely just on driving, but as they are driving around they can pick up a property here and there during their normal business. But, if all you have is a scooter and a little bit of gas money then you can go hustle and get it done. Good luck!!