Driving for Dollars to Find Real Estate Investing Deals

Driving for Dollars is just an excellent way to find houses that need work and you can get a great deal on. It?s a marketing campaign that definitely takes some time, but it allows you to get familiar with the neighborhoods you are investing in and some of the houses that need work in those neighborhoods. Driving for Dollars is simply the act of driving certain neighborhoods and writing down the addresses of houses that need work. You want to look for properties that have overgrown weeds, broken out windows, roofs that need repair, and just general overall maintenance. Anyone can spot these houses fairly easily. Once you find them, write down the address and I highly recommend posting a letter or flyer to the door. It is also a good idea to take pictures as well so you have a reference point when you are going over all the property research. You should add all these houses to spreadsheet in which you research the owner?s information so you can send them a personal letter, a phone call, and reach out to them about buying their house.

This is a great campaign if you have somebody putting out signs for you as they can also look for these houses while they a putting out signs. We offer dollar 50 cents an address. It?s a little much, but we had a solid working that we trust to get us accurate information. We suggest that you do it yourself at first, one neighborhood at a time, so you get familiar with one neighborhood then move on to the next. By doing this you can make sure that you catch all the houses that are in your prospect neighborhood that need work, are broken down, and that are probably vacant or close to vacant. These sellers are much more likely to be motivated, and of course above and beyond that, we?re looking for houses that need work. This is just the easiest way to spot them.

So have fun with your driving for dollars campaign. Make sure to post a flyer on the door, and then make sure to thoroughly follow up with the owner through letters and phone calls and in time you?ll get a great deal. It?s a great campaign that we?ve used for many years and have gotten a ton of great deals with excellent money doing it. It does take an investment of time to drive and to build your list up but in the end it will be very worth it.

Mitch Painter has been an active real estate investor for 12 years and has done over 250 deals to date. You can visit his blog to learn more about investing in real estate at?www.Real-Estate-Rocks.com. Happy Investing!

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Source: http://www.investmentpropertyhelp.com/driving-for-dollars-to-find-real-estate-investing-deals/

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