Why Distressed Property Acquisitions Don't Work (LA 1474)

Today's topic, why buying and rehabbing or renovating broken down, abandoned homes or properties does not work. Ditch your HGTV dream home fantasies for a more practical and profitable approach to real estate investing.

▬▬▬▬ Contents of this video ▬▬▬▬▬
0:00​​​​​​​​ - Intro
4:41 - Why Distressed Property Acquisitions Don't Work

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[landforsalebydannnylanddot]

Thanks Steve and Jill!

I am now a member of “The Clubhouse!”

Discord, Baby!

~Daniel F.

[tcservices]

I see what you guys are saying - but the real issue that most housing market investors run into is that the housing marking is *GROSSLY* over mailed 😩. It’s to the point that every house is getting mailed, all over the country, distressed or not. And it’s double bad now because everyone is getting mail from real estate investors AND realtors alike. So investors are losing their edge and are constantly trying to find ways to outsmart each other.

Now, driving for dollars is classic and very effective! That’s the one method that a computer can’t replace because it takes instinct and intuition. People use visual “distress” as a primer, or a way to quickly identify potentially motivated sellers, and as a form of leverage, to raise their probability of being the first to make contact with the seller right at the time that they actually need to sell.

Driving for dollars has always been that tho! I always crack up when you guys talk about the would-be dreadful experience going door-to-door, on foot none the less 😳, to see who would be willing to sell their house. But, on the contrary, no one in their right mind does that LOL. Driving for dollars is literally just driving around (in your car lol) in regular neighborhoods looking for the houses that stick out like a sore thumb as an indicator of a problem that may mean the owner doesn’t want the house. There are other strategies and best practices that make it worth the time. It’s not as random and hap-hazard as it may seem 😂 And in a day one can easily collect 20 to 50 addresses to prospect, then end up flipping one or two. The benefit is that it doesn’t cost, which is why it attracts so many newbies! But it definitely does take time and hard work because you have to pursue the deal. I _will_ say that it’s similar to what Land Academy teaches in that the idea is not to convert or convince home owners but, rather, find the ones who simply don’t want the house any more and to be in the right place at the right time to buy them out of their problem.

There are many many other ways to find motivated sellers as well, most involving analyzing and cross referencing data from professional real estate data providers. But, D4D is just one of the methods that people use in combination with one another... With good people and business skills, its not impossible to make a 6-7 figure living targeting people with what’s called “motivation”. I think that’s why so many existing real estate investors come to land academy with such similar perspectives and many can’t wrap their head around the blind offer letter concept. It blew my mind when I first learned about it but I LOVE IT haha! But it’s a re-learning process for sure!

And to Jack’s point, 💯, the cost to send out the first mailer is a huge hurdle for a lot of people. A lot of folks just don’t have an extra $500-$1000 to spend to try something. Despite that the potential ROI is ridiculous...

Either way, I think it’s just a matter of people feeling confident that they are doing what will work. I prefer your methods but I’ve heard of massive success both ways!

Always love your content guys, you’re the best!!

[Tim_Krause]

Distressed property does not work if the seller is not Distressed. If the seller is Distressed (motivated) then it doesn't matter what the property looks like you can (most the time) make a deal!