Advice for driving for dollars strategy
I am a newer investor with 2 properties. The first two properties I purchased I saved up and bought them off the MSL as well as doing all the repairs myself. I would like to scale faster, and I've come to the conclusion the best way I can do that with the connections and resources I currently have is to find off market deals through driving for dollars. I know the area I want to buy, and I plan to use the Deal Machine app to skip trace the leads and for post card marketing as well as cold calling. Once I find someone who wants to sell, and we agree on a price how do I obtain the real estate purchase agreement and know that I'm doing it safely/legally. I think I can get one for free from Rocket Lawyer any thoughts on that. I plan to do the deals with a private money partner so once we are under contract what is the next step from there.
Thank you in advance any advice would be appreciated.
Most Popular Reply
@Daniel Baltazar you wrote out your business plan, but you didn't really ask a specific question about Driving For Dollars. For me, I like virtual driving for dollars, but it's definitley time consuming...but if you are a young guy without a lot of obligations, you can certainly do it. What I do, is have my virtual assistants trained to build my VD4D lists, so that even when I'm sleeping, they are using Batch, Deal Machine or even just Google Earth and a spreadsheet to build lists of houses that look a bit neglected. All of the wholesaling gurus have Facebook groups that free (and then they have private groups for people that are part of their programs). Join the free ones for TTP, Subto, Real Estate Disruptors, etc etc and people in there can help you with contracts, etc.