Driving for dollars is the practice of physically driving through neighborhoods to spot distressed or neglected properties, overgrown yards, boarded windows, deferred maintenance, vacancy, that signal a potentially motivated seller, then turning those finds into deals.
Log in to followI've spent so long in analysis mode that I've started analyzing the software instead of the houses, which I recognize is worse. The subscription apps do address logging, owner loo…
I read documents for a living so I'm coming at this backwards. I understand what a purchase agreement is. What I don't understand is the middle part of driving for dollars. Someon…
Been riding along on driving routes with an investor friend since summer, mostly to work out where I fit. He wants contracts. I kept noticing that most of the addresses he throws…
I'm doing thin-margin stuff and trying not to add cost, but a guy at a meetup told me driving for dollars is fine but the second you sign a contract and assign it you need a real…
Started with zero budget and a used sedan. Nine Saturday mornings, two to three hours each, three adjacent zips I picked because the housing stock is all 1950s to 1970s and the ow…
Few deals in. My route is basically maxed, I can't get more hours in the car without giving up the parts of the business that actually close things. Every answer I find online say…
Four months, and I'm writing this down while the receipts are still in front of me. Drove 612 addresses into the app between October and February. 380 came back with a mailing add…
Construction background, so the spotting part is easy for me, I can read a house from the street. Now I've got 60 addresses on my phone and I'm stuck. I tried Zillow and it shows…
I did a controlled version of this last month because I couldn't get a straight answer anywhere. Same 2.5 hours, same afternoon light, two different sides of a 1950s tract area wi…
Capital side, still deciding where to put money, and I'm trying to understand this method as something I might fund rather than do. A data vendor can hand me every property in a m…
I mostly buy land and hold it, so my driving is different from a house route, but I've been arguing about this with two people in my market and neither of them will budge, so I wa…
I've spent the last two months building the thing instead of pricing it, and now three local buyers want numbers from me and I don't have a defensible one. What exists. Two part t…
Running a two-person route in a metro of about 900k. We log roughly 400 addresses a month between us. Skip tracing at about 18 cents a record, but my usable hit rate (correct owne…
I've been reading through everything here twice and I still can't get a straight answer on this bit. Say I've driven a street, logged a house with a collapsed porch and a full mai…
Ninety addresses logged over six weeks, split into two buckets after I did the owner research. Bucket one is visibly vacant. Boarded windows, mail piled at the door, weeds through…
The plan is a service business around real estate, no buying yet, but I want to understand the tooling because half my future clients will be using it. Every video mentions an app…
Small numbers but they're mine so here they are. Collapsed carport on a 1,340 square foot ranch, roof of the carport sitting on what used to be a car. Grass to my knee. I logged i…
My guys are in neighborhoods all day anyway for service calls. It seems obviously wasteful that they drive past twenty rough looking houses a day and nobody writes anything down.…
Slow decisions are my whole personality so I've been sitting on 60 addresses for two months without contacting anyone, which is its own answer. Before I do something, I want to he…
Driving for dollars keeps coming up as the task nobody wants to do themselves, and I want to build a service around that side of real estate. So my thought was to drive routes and…