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Updated about 11 years ago on . Most recent reply

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38
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1
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Patrick Mcclellan
  • Upland, CA
1
Votes |
38
Posts

Driving for $$- important

Patrick Mcclellan
  • Upland, CA
Posted

Hi all, I'm new here and I see the phrase "driving for $$" often. What do you do when doing that and what does it involve?
Thanx for your info in advance

Most Popular Reply

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60
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12
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JD H.
  • Rental Property Investor
  • Simi Valley, CA
12
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60
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JD H.
  • Rental Property Investor
  • Simi Valley, CA
Replied

Patrick forgive me if this gets a little long winded.

I made a copy of the Thomas bros. page of the area I wanted to cover. As I drove up and down each street I would look for boarded up, overgrown, papers on the porch, or just generally run down.
Also look for dumpster or remodels. Could be a rehab and your next buyer if you wholesale.

I would take a highlighter and mark off each street I drove. When I saw a house that fit the description I would write the address down on a yellow notepad. Now I just use the memo pad on my Iphone with a headset, it allows me to record more description.

When I got home I would get on the computer and run a property profile for each of the properties to see if they belong to an absentee owner. Very time consuming! Good work for a VA.
I also looked for any other factors that might make it a good lead.

I would compile this list and send out a yellow letter, typed letter, or postcard.

Rinse and repeat. block by block, page by page. It was great for catching up on podcasts.

Let me know if you have anymore questions. But that was my process.

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