There is a strategy in finding real estate deals called “Driving For Dollars”.
How does this strategy work? Watch this video short video now to find out!
Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, whole tailing, creative financing, and scaling a business from a one-man-band to an amazing full team running 100s of deals per year.
Brett’s amazing team buys and sells 300+ properties per year and builds passive streams of income by creating 50+ creative financing deals per year. In a five-year timespan, Brett has gone from a one-person team to a full-time staff of 10+ team members and has tripled his deal flow.
For more valuable information click on this link and watch the complete episode: https://youtu.be/nGLOKBWxC18 – “Finding Purpose And Success with Brett Snodgrass & Jay Conner”
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.
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Jay Conner:
You mentioned one of your methods of finding and to make sure everybody knows an off-market deal just means it would be for sale by an owner that does not have their house listed with a real estate agent in the multiple listing service. And of course we’ve discovered bread. As you have over the years. A lot of these houses we buy the owners are not even marketing their houses. They don’t have a for sale by owner sign in their front yard. One of the channels or strategies you just mentioned of finding deals today is driving for dollars. Tell everybody what do you mean by driving for dollars and how do you find people to drive for dollars?
Brett Snodgrass:
Now, that’s a great thing. So driving for dollars, basically what it means is you just get in your car and you drive and you’re looking for homes that you feel like the sellers might be motivated to sell. You’re looking for signs, right? You’re looking for tall grass that the yard hasn’t mowed in a month. Maybe the mailbox is full of mail because no one’s picking up that mail. It’s a vacant property. So it’s more susceptible to vagrants coming in and tearing up the property boarded up homes, right? So these are the signs that we’re looking for. So whenever we find a property that looks like, “Hey, this, this owner maybe is motivated to sell this property. And then we can either send them a letter.” We can skip, trace, and call them and just tell them, “Hey, we’re investors, we were driving through your neighborhood.”
And we found this property and saw, “Hey, you know, this is what it looks like, and you might be interested in selling it.” And that’s basically what driving for dollars is. We drive for dollars ourselves so people on our team drive for dollars. We always train our acquisitions guys. These are the guys out in the field, they’re looking at properties meeting with sellers, but they also have their phone on them. And we use an app called Deal Machine, which is a great driving for dollars app. I would definitely check that out. And if they see a property, when they’re driving through these neighborhoods, they’ll use their Deal Machine app and skip, trace them, and call up that seller. We also can find other people that we’ve done in the past. We hire them to drive for dollars too and you can pay them however you want per house or per day or whatever. But it’s not hard right now to find people looking for freelance work, I guess, is what I would call it.
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