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What is driving for dollars?
It is a data collecting strategy in the wholesale real estate investing world that I think you should avoid.
Many people misconstrue it for marketing strategy.
The problem with that notion is that you cannot refer to a strategy as marketing unless an actual outreach to a potential lead happens.
The reason why I do not recommend it is the battle that most entrepreneurs struggle with between the importance of quantity versus quality.
Below is a question for us to address with this lesson...
“I contacted someone about their property.
They informed me the property I contacted him about was not available.
However, he said he is selling this property for 35k.
I don’t have an estimate of repairs because I don’t know if it’s even worth it.
Propstream said the value was $66,400.
Can you give your advice/feedback on what you would do?
This is my first lead and I’m lost.
Thank you!”
Enjoy the video.
https://myempirepro.com/blog/what-is-driving-for-dollars
BLOG POST - https://myempirepro.com/blog/
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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