Driving for Dollars

[Anthony Ogletree]

So took my first trip driving for dollars today. I located about 50 dilapidated houses in about an hour of driving and a few of them had FSBO signs. My next step is to pull up the info on the county auditor website and then try to touch base with the owners of said properties. From there I arrange to meet the owners and look over the property (if I can). I have a background in cost estimation so I shouldn't have an issue with negotiating a good price. If/when I progress this far I would then get them under contract and move said contract to an investor and collect my pay when the sale is closed between the homeowner and investor. Is this basically how the routine goes? Is there anything I left out? Also how can I protect myself from the investor going over my head straight to the seller?

[Zaid R.]

How well do you know your investor?

If you're just starting to do business with him - I'd say get the property under contract first. If you've known him/done business with him you might be able to trust him

Check out these great posts about driving for dollars here and here

Both posts have tons of great info