The Dealmachine app makes driving for dollars easy! Use the promo code “Reipromo” and get 15 deal credits when you signup for a free 14 day trial.
“Driving for dollars” is a real estate investor term for strategy of driving through a neighborhood looking for vacant or neglected houses to buy and either wholesale to another investor, keep as a rental, or fix up and sell.
Back in the 90's and early 2000's, this strategy for finding deals involved driving using a paper map and looking through property tax records either on microfilm or on the tax collector website in order to find out who owned a property. The art of driving for dollars has since changed a lot in regards to technology and become much more easy with the use of apps like DealMachine.
DealMachine has gained much acclaim in the real estate investing industry for its great features and instant ability to track down and then contact owners of distressed properties.
Drive through neighborhoods where you can identify houses which may be potential deals. This would include houses which look neglected. You can easily track your route of where you have been using the app. This allows you to pick up where you left off on your previous drive, make sure you are not skipping streets and make sure you are not driving down the same street twice. You can even have an assistant do the driving for you and then you can track the routes they have driven.
Once you spot a potential deal, simply take a picture using the app. Using GPS technology and multiple databases, the app will allow you to instantly pull up information about the owner of the property.
With a click of a button, you can start a mailer campaign to the owner. This can include postcards with the property's picture or even pen-written letters in hand stamped envelopes. Absolutely quick, easy and POWERFUL!
Join the thousands of real estate investors and wholesalers who actively use the DealMachine app to find more deals!
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