142: Master Virtual Driving For Dollars

The DealMachine Real Estate Investing Podcast

In this conversation, David Lecko discusses the concept of driving for dollars in real estate investing. He explains that driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal. He introduces the concept of virtual driving for dollars, which allows investors to scout for properties online using Google Street View. David highlights the benefits of virtual driving, such as cost savings, efficiency, and a broader reach. He also emphasizes the importance of taking action and building a niche list of properties.

Takeaways

• Driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal.

• Virtual driving for dollars allows investors to scout for properties online using Google Street View.

• Virtual driving offers benefits such as cost savings, efficiency, and a broader reach.

• Taking action and building a niche list of properties is crucial for success in real estate investing.

Key Talking Points of the Episode

00:00 Introduction

01:15 What should you know about finding off-market deals?

02:33 Why is driving for dollars the best way to find off-market deals?

04:23 What is virtual driving for dollars?

05:31 How can you identify the best market to virtually drive for dollars in?

06:45 How can you virtually drive for dollars in Deal Machine?

08:39 What should you be looking for when virtually driving for dollars?

09:45 How many properties should you be adding to your list?

10:42 What are the tags in the Deal Machine app for?

11:13 How is traditional driving for dollars different from doing it virtually?

12:49 Why should you virtually drive for dollars?

14:00 What is the best way to find deals right away?

Links

Instagram: David Lecko

https://www.instagram.com/dlecko