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QUESTION ⁉️ “What does driving for dollars mean?”
Driving for dollars is data collection strategy used for collecting distressed property addresses to determine if it’s a fit for real estate wholesaling. It’s often mistaken as a marketing strategy but it’s just a data collection strategy.
Success rate is 2% or less.
As you know, real estate wholesaling is the art and science of finding deeply discounted properties using mass media marketing to potentially distressed and motivated sellers, locking under contract and selling the rights to the contract to an end buyer for a lucrative fee between $1,000 & $82,000 which is my highest one time fee ever.
Driving for dollars is not a mass media marketing. Therefore an average person will not work until it works. Essentially it doesn’t work for 98+% of those who attempt.
In this series, we introduce a better strategy to build a real estate wholesaling business. It's called Smart Wholesaling.
With smart wholesaling, you can expect this 3 opportunities:
(1) Skip 80% of the hustle in traditional wholesaling
(2) Make $100,000 or more per year with or without closing deals and…
(3) Close 10X more deals
ENJOY THE VIDEO!
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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