Im a new investor and Iwant to do wholesaling contract assignments for now. My credit is bad and I dont have alot of money. I read a book from Russ Whitney he advises people to seek abandoned properties. Ive done that and sent out letters to people registerd to the houses that look abandoned without any response. Do you have any advice on how to find abandoned houses besides driving through neighborhoods?
Two things on abandoned houses. Sending letters to the last registered address is an iffy thing, with low results. Most of the time people have moved away, never bothering to update their information with the local tax people. To have success with abandoned houses you have to get more into skip tracing to track those people down. The good news is if they are hard to find, the more likely it is you won’t have competition for their property.
As far as finding abandoned properties without driving the streets yourself - probably the best way is recruit birddogs - especially people like postal carriers, delivery drivers, taxi drivers and the like. Tell them you will pay them $X if they bring you an address you do a deal on.
Good luck.