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Updated over 6 years ago on . Most recent reply

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6
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Eric Martin
  • Rental Property Investor
  • Knoxville, TN
0
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6
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Did my first day of driving for dollars - what’s the next step?

Eric Martin
  • Rental Property Investor
  • Knoxville, TN
Posted

Looking for input from those who’ve had success finding properties driving for dollars.

I’ve got a list of about 25 vacant looking properties. I’ve already done the digging, and got owner addresses and information. What’s next? Keep doing it until I have a bigger list to market to?

The part I’m looking for the most help is understanding when to factor rehab costs. It seems like a lot of blog posts on here and the internet in general, say to basically have a “cash” (sometimes wholesaling) offer ready to go when you start marketing. But how do you know what price you should offer without knowing details of the rehab?

Or, should I be marketing something like “I’m very interested in your property and would love to come take a closer look and potentially make an offer.” That way I can crunch all the numbers more accurately then go from there.

I’d appreciate any feedback!

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