D4D Leads - Pass or no?

[Dalyn Hazell]

I've been driving for dollars a lot this week. Just downloaded the Deal Machine App. 

My first question is - is it best to avoid marketing to the Owner Occupied homes, even if they are distressed?

My second question is - if Deal Machine says that an owner has low equity (less than 40%), should I pass on it and move on?

Thanks!

[Lydia R.]

@Dalyn Hazell I dont know why you would not contact a property that is owner occupied and distressed. A motivated seller is a motivated seller. As for equity, I would say that you cannot 100% rely on the accuracy of your technology since current loan balances are not public record information. All this technology does is make an educated guess on how much equity the owner has based on their purchase price, down payment amount and historical interest rates. I use purchase date to help me make that determination. Houses purchased in the last 5 years most likely dont have enough equity to be a deal unless they were purchased for a below market price at the time. Real estate is a numbers game, the more people you talk to the better your chances of talking with someone who is motivated to sell.