Driving for Dollars... Does it work?

[REISociety]

Too be honest, I think its just something that gurus like to say because it sounds catchy. I have never felt that it was worth my time honestly.

[Robert Bogino]

I dont do it as much as I used to but, my 2 best deals have come from D4$

[Nicky]

Well i just started moving forward on wholesaling driving for dollars two weeks ago and I'm very happy about my results found 16 off market properties.Just got over my fears on getting started.Already got direct mail sent out and I'm doing youtube videos.Driving for dollars really works.Im using an app that has helped me a lot and taken away a lot of my fears on getting started you will be surprised how easy it is finding properties and having direct mail and contact info.

[Randoskie]

A driving for dollars app?
Back in the old days we just drove slowly thru older neighborhoods.
At first I wud pull over and write down addresses. But then I started using the record on my phone and as I slowly drove by I wud speak the address and street and cud do many more and cover more blocks, and it was faster and no stress copying them down later to run the addresses. I wud get names and more info thru my Title company and send out a letter or post card.
But I'm curious, tell us more about this app, where do we find it? How much does it cost, what all does it do?

Rando

[gustama]

Absolutely- find places that look rough, knock on the door or leave a note, be genuine and straightforward about what you do and that you'd like to buy their house. Takes a lot of persistence and grinding, and be ready for a lot of rejection, but it definitely works if you can stick with it and stay positive.

[skhomebuyers]

I've had some success with driving for dollars but make sure you have an open mind as to what indicates distress, it's not always just a run down house or overgrown grass. One of my leads came because there were for sale signs on 2 cars and a boat in front of a house. So, I figured he needed money for something. Turns out he lost his job and wanted to move to a cheaper market, I'm in Los Angeles. I didn't close this deal but you get the point, distress doesn't always look like what you expect.

[SteveKay]

It is a very effective way to build a unique lead list. The next question is what do you do with it. Are you going to cold call, SMS, direct mail. What method you use and how you use it is going to determine whether it is effective or not.

[webuycalifornia]

I've had a decent chance over the last few days to drive my town of 20k population for potential deals, etc. Is this effective?

you can also use google map to do it virtually.

[heartlandbuyshouses]

incoporated it with door knocking, you can easily locate vacant properties in the neighborhood.

Also, Signs that a property may be empty:

There are no tire tracks in the driveway after a snow.
There are no window treatments.
The gutters are falling off.
You see newspapers stuck in the door.
The paint on the house is peeling off.
The roof looks beat-up.
There is debris on the front porch.

[cashhousebuyergta]

Definitely a great place to start, especially if you have a small budget. You'll have to put a fair amount of time in. But you can definitely find distressed properties and motivated sellers!

[hmarquez]

Yes it works but do not be discouraged if you do not get results quickly.

[Gifted Invictus LLC]

We are in a very competitive market, we typically do driving for dollars on the way somewhere. While driving for dollars, the majority of the vacant homes we see are owned by companies or trusts. We are still trying to figure out the best way to find deals while driving for dollars. I agree with the others, leveraging technology is a good route.