Investor · Lee's summit, MO · Member since 2016 · 75 posts · 45 votes
I having been driving for dollars every day in march. KC has so much available inventory it's crazy.
Anyway, I found a property on 3/1, mailed the owner on 3/3 on 3/7 she called. She was truly motivated and we put it under contract today. At first i was super nervous trying to explain everything but then i realized i was helping her solve a problem and that made me feel more confident. She is happy, I'm happy and it's a true win-win.
I hope this inspires someone to just go out and do it. Driving for dollars works!
Rental Property Investor · San Antonio, TX · Member since 2011 · 512 posts · 290 votes
9y
Thanks for the follow-up. I find the real stories like yours more valuable than the home run stories that have no hiccups along the way. Good job staying positive and empathetic. You'll find one even better, I am sure. Good luck!
Specialist · Roanoke, TX · Member since 2015 · 96 posts · 36 votes
9y
That's awesome! I've seen people say they have been talking with mailmen/garbage men to send them leads for a referral fee! Gonna print flyers for this week
Investor · Lee's summit, MO · Member since 2016 · 75 posts · 45 votes
9y
@Tony Mai yes sir...i recently came back home. I been trying to update my profile but its not that easy. This was in KCMO, in 64131 zip code, Center school district if you are familiar. Im pumped about it. We just sold a home 1 month ago in the same area and my acquisition cost was 3x what this one is under contract for!
@Leah Bonner I talk to everybody. The next door neighbor of my current flip used to come by and bother me like everyday making sure we were doing a good job. Once she saw we were serious she let us into her world. She used to work at the recorder of deeds office. She does title searches for us now, she also has a ridiculous amount on contact for things like section 8 and hud. We offer to pay her but all she wants is a TV...unreal! You really never know how you might meet...TALK TO EVERYONE!
Investor · Lee's summit, MO · Member since 2016 · 75 posts · 45 votes
9y
update from first driving for dollars deal...short answer it's not a deal at all lol
Turns out the lady bought the place at a tax auction and everything that could go bad did go bad. Here is the list
1. County didn't property notify previous owners of tax sale
2. I would need to find previous owners and ask them to be a part of the transaction
3. Tax sale didn't wipe out the mortgage, money could still be owed
4. Mortgage company is went out of business (big surprise right)
5. Title company basically told me to find another title company to see if they can get different info
Yeah so this ended up not being a deal at all but what an amazing experience. I do feel bad for the seller, this is probably why she hasn't been able to move it
Rental Property Investor · Chappaqua, NY · Member since 2015 · 1k+ posts · 947 votes
9y
Kevin Fontleroy same thing happened to me!
I found a property through Craigslist and the owner had bought from city at tax sale. City didn't have all the docs.
Good thing you caught it early.
If you really like the deal See if you can skip trace the owner and get them to sign the papers to relinquish title.
I moved on and found a better deal. There's always another one out there!
BTW you can change your profile info but you can't do it through the app. Need to be on a Computer or the full site.
Investor · Lee's summit, MO · Member since 2016 · 75 posts · 45 votes
9y
@John
I thought about that but decided to move on as well. I'm kinda glad it happened like that because my contractor was backing out on me also so I was going to have to find someone else to do the work anyway.
Everything happens for a reason I suppose. Also, thanks for the tip, I for my profile corrected.
Rental Property Investor · San Antonio, TX · Member since 2011 · 512 posts · 290 votes
9y
Thanks for the follow-up. I find the real stories like yours more valuable than the home run stories that have no hiccups along the way. Good job staying positive and empathetic. You'll find one even better, I am sure. Good luck!
update from first driving for dollars deal...short answer it's not a deal at all lol
Turns out the lady bought the place at a tax auction and everything that could go bad did go bad. Here is the list
1. County didn't property notify previous owners of tax sale
2. I would need to find previous owners and ask them to be a part of the transaction
3. Tax sale didn't wipe out the mortgage, money could still be owed
4. Mortgage company is went out of business (big surprise right)
5. Title company basically told me to find another title company to see if they can get different info
Yeah so this ended up not being a deal at all but what an amazing experience. I do feel bad for the seller, this is probably why she hasn't been able to move it
That #4 item sounds like a doozie! Bureaucrats love it when things don't exist anymore!
......At first i was super nervous trying to explain everything but then i realized i was helping her solve a problem and that made me feel more confident.......