Manage episode 378749044 series 3485898
Welcome to todays episode of the "Live Life by Design" podcast. Today Steve and Daniela are having a spirted debate on driving for dollars, a real estate investment strategy where investors drive through neighborhoods looking for vacant, neglected, or distressed properties to purchase below market value. They describe what to look for and how to research promising properties. Driving for dollars helps find off-market properties and avoid competition.
Daniela and Steve debate the pros and cons of driving for dollars. Daniela argues it provides direct access to distressed properties and helps investors network. Steve counters that it's time-consuming, uncomfortable at first, and tough to scale alone. They conclude it's most effective combined with skip tracing to identify and contact homeowners.
The hosts encourage listeners to join their community to learn more about real estate investing strategies. They acknowledge beginners will make mistakes but emphasize the importance of taking action, getting uncomfortable, and learning from failures.
- Links -
To learn more about Become An Investor -- > www.BecomeAnInvestor.com
To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/
Follow on Social Media -- > @BecomeAnInvestor