How many "driving for dollars" transactions do you need to be successful?

Well, I hate to break it to you, but there’s really no exact number or formula for this. If you just continue to dive into the analysis-paralysis mindset, there’s a slim chance for success. It all starts with you and your motivation. You have the power to shift your gears and head in the right direction, and this episode will be your "how-to" guide for getting there.

Key Takeaways

• The problem with asking this question
• Your ability to negotiate with sellers will be affected by a number of factors
• The problem with analysis- paralysis
• Your focus should be on finding sellers and discounted properties
• Go look for a mentor with the same goals as you and help you become successful

Resources

• DealMachine use discount code: “PIN”
• Driving for Dollars Mastery

Driving for dollars is a marketing channel that could potentially turn into a 7-figure business.

Nothing beats driving around in search of vacant or distressed properties. With this app called Propstream, you can make the DFD process easy to track. But the question is whether this app is as effective as the traditional driving for dollars method.

To set the record straight, we invited Phil Gore on the show. He’ll be breaking down his numbers so we can see which method you should use best.

Key Takeaways

• Is he using Propstream for marketing?
• How to get started and get consistent deals in your pipeline?
• Is his opinion on Propstream as good as driving for dollars?
• What are some relationships that stemmed from his business?
• Relationships and doing what’s right are more important than taking advantage of your quick buck

Resources

• Propstream
• LaunchControl
• Batchleads use discount code: DFD
• MLS
• Driving for Dollars Mastery

Getting into the business of real estate starts with picking the best investment strategy. And there’s an ongoing debate in the REI space about which strategy works best. Recently, a viewer named Lee Phan reached out to Zach and asked a question that most new investors are also curious about.

Which strategy works best between wholesaling and doing rentals? Let’s find out.

Key Takeaways

• Understanding the value of buying and holding real estate
• When you buy a piece of real estate, you can rent it out and people can pay for the property.
• With time, rent costs will go up and you’ll make more and more passive income.
• Depreciation and Cost Segregation.
• With rental estate, you can snowball your money and not pay taxes.
• You can become wealthy without being wealthy because of real estate.

Resources

• The 40 Day Challenge by Zach Boothe
• Propstream
• Listsource
• BatchSkipTracing use discount code : DFD
• DealMachine use discount code: PIN
• Driving for Dollars Mastery

Have you heard the news? DealMachine app has a new update where you can do virtual drives right in the app itself!

But wait, what are its perks? Is virtual driving for dollars better? Or are we going to stick to the old school way of finding deeply discounted properties? Listen to today's episode and you’ll be the judge of that.

Key Takeaways

• Why does driving for dollars make more money than other marketing strategies when you’re on the lookout for deeply discounted deals? 
• You have an edge, you have a niche, and you have the ability to get way bigger deals when you’re driving for dollars. 
• DealMachine has a new update where you can do virtual drives right in the app.
• The importance of doing physical driving for dollars vs. virtual driving for dollars 
• Remember to take advice from people that are accomplishing what you’re trying to accomplish

Resources

• DealMachine
• Propstream
• Driving For Dollars Mastery

After 17 years of being a real estate agent, DFDM student Corby Hurlings finally decided to switch gears. He just recently landed his first wholesale deal. And in today’s episode, we will be breaking it down for you. Join Zach and Corby as they run through the nits and grit of this deal.

Key Takeaways

• Why did he want to switch gears into investing rather than just being a realtor?
• Uncover the situations, give options to people, and figure out why they want it and why they need it so much.
• How much could he possibly make from this type of deal?
• It’s fun to speculate on the values, but the person who gets to decide the same end value will always be the buyer. 
• Put in your drive time and do it yourself first.

Resources 

• Driving For Dollars Mastery

If you believe that you can succeed in the market, then surely you will. Anywhere, at any time, the real estate market is what you perceive it to be. You can pay for masterclasses and mentorships all you want, but if you don’t believe in your own ability to succeed, it won't happen.

Today’s episode with Adam Rapaport will discuss more of that.

Key Takeaways

• What brought Adam to real estate?
• Why did he decide to choose driving for dollars as a marketing channel?
• What gave him permission to keep moving forward in his real estate career despite the obstacles he’s faced?
• Give yourself permission to do things, because if you don't, you’ll never take massive action.
• Adam gives us a breakdown of his first deal.

Resources

• Deal Machine use code: PIN for a discount 
• Batch Skip Tracing use code: DFD for a discount
• Driving for Dollars Mastery

As a real estate investor, it’s in your nature to find monster wholesale deals. But no matter how you convince yourself that it’s going to be alright, you still have that pit in your stomach. Yes, making big deals is quite scary. After all, you don’t have a crystal ball to use when you want to know when or when not to take the bait.

Zach doesn’t have a crystal ball either, but he has years of experience in the industry. And today he’s going to teach you how to handle big deals the right way.

Key Takeaways

• When you do real estate wholesaling, you find property at a discount. 
• You need to have a sufficient buyer’s list. 
• Get all your offers in and take the highest and best offer. 
• Don’t be afraid that you’re going to make a lot of money, and don’t worry if your end buyers are going to know how much you're making. 
• If you change your core processes with your end buyers and with your sellers, and you don’t set expectations and follow through with them, That’s when you’re going to burn bridges and have a problem selling deals.

Resources

• Driving For Dollars Mastery

Let’s go back to square one in this # REPLAY special. In this episode, we had a chance to chat with Scott Dalinger. Four years ago, he tried wholesaling and experienced some lessons that made him twice as smart to propel his business forward. Scott shares why he decided to invest in real estate, what steps he took to educate himself, and how he snagged his very first deal. Now, his business is in its fourth year and he is looking to make over $600,000!

Come on and let’s listen to him bomb drop useful tips and advice one more time.

 Key Takeaways

• How Scott dealt with an indecisive homeowner to land a $52,000 deal
• What he learned from doing flips
• The sacrifices he made for the long-term freedom he now enjoys
• His projected revenues for 2021
• Take a lot of action with a healthy dose of belief

 Resources

• Driving For Dollars Mastery
• BiggerPockets
• Zillow

It’s our first time having a chat with a couple of rocket fellas today, so make sure to turn your speakers up! DFD student Justice Soto, his acquisitions manager Chase Holt, and fan favorite Hayden Greenwood are all with us. We’ll be going all out today as we teach you how to work with leads in the fastest and most convenient way possible. Stick around if you want to take a step closer to achieving that success that you’ve always envisioned.

Key Takeaways

• Putting together contacts, getting appointments, inbound leads, and bringing in revenue are important.
•  What are the leads that you need to prioritize? 
• Four Pillars of Motivation: Price, Timeline, Property Condition, and Reason for Sale 
• Are they delegating leads that are falling? 
• How to approach a follow-up call?
• What to do to gather those explosive results?

Resources

• Driving For Dollars Mastery

Did you know that you can look at an area on the map where you’re interested in buying a property and automatically see which ones are vacant, behind on taxes, and more!? Well, if not, don’t worry because this episode has got you covered!

Once you identify distressed properties, don’t think twice, just use the DealMachine app because it gets you access to so many efficient features. And in this episode, Zach will discuss a fast gold nugget that will put a lot more money in your pockets when you’re driving for dollars.

Key Takeaways

• In the Deal Machine app, the map that you drive on is colored. It has a special feature, and with time it changes colors. 
• With DealMachine, everything is super efficient. You can add more properties and have a master map so you know where you’ve been and where you need to go. 
• When you get your DealMachine account, you’ll get access to amazing features that come with the app. 
• Crosshairs Mode, Pin Mode, and Tap to Add are three different ways to add properties in the app.
• Every single hour of driving can add a minimum of 50 properties to your marketing list.

Resources

• DealMachine use code: PIN for a discount
• REI Blackbook
• BatchDriven
• Driving for Dollars Mastery