Think of it like a car, would you pay more for the EXACT car you wanted in stock and drive it back?

Hey everyone, I have been doing driving for dollars lately in my local area and I have found a good amount of homes that look distressed and could be good opportunites for wholesale deals.Today I called one of the owners of the property and she said it was her fathers house who passed away and it was near the lake so it has a lot of upside, but it had some flood damage to it.She said she wasn't in a rush to sell it but if the offer was good she would consider it, the thing that kinda confused me was she said the house is nice but the property value and the lot was where most of the value was.

Everything is going on in the market.Charlotte has one of the most active RE markets in the US.This is an extremely broad question, but some basic economic research on RE trends for the area should paint a good picture for you.

@Jay Hinrichs I can post to craigslist directly from my phone, or upload it to a cloud service like dropbox or Google drive,and then post from anywhere.

How to manage dealsOnce you have a basic foundation of knowledge, then you can come to forums like this and start asking more specific questions or reading up on particular topics to fill in the gaps.

He basically just said it’s a hassle having to go through the state to get approved to build them.

It is likely that your real estate agent has contractor contacts that you could leverage, or you could even "drive-for-contractors", as @Brandon Turner says.

One example is having access to the MLS, which is basically Zillow on steroids.

(I would also pay for the monthly rent via my savings/day job – in speaking with the owner, he said it would be a minimal amount because the property needs work).I don't know exact numbers on what the rehab will be, but I've been doing some research on the costs and am working from an average at the moment, as I look up what basic rehabs for kitchens, bathrooms, electrical, plumbing, new roof, etc. could be.

I made a list of Probates, Pre Foreclosures with Equity, Pre Foreclosure without Equity and Non Owner Occupied, in Miami.I went "driving for dollars" for vacant homes and now I'm ready to start marketing and reaching out to them.Altogether I have a list of 1,011 "leads."