DRIVING FOR DOLLARS WORKS!!

I agree, I have always found the gems while driving around and now, they practically jump out in front of me

Wow Michael your making it happen!! You just never know where and when a great deal is around the corner.(: congrats on everything and its amazing how you're helping your church. God bless u.
Keep moving forward!!!(:

Wow Michael your making it happen!! You just never know where and when a great deal is around the corner.(: congrats on everything and its amazing how you're helping your church. God bless u.
Keep moving forward!!!(:

As I have gotten older I have come to realize how much giving directly affects our happiness and our sence of accomplishment. No matter how many deals I have done the ability to give back seems to be more satisfying.

I commend you on your charity work. You are a great example of how individuals can make more happen in the area of charity than what governments can accomplish. I have traveled the world and seen this time and time again.

Keep up the good work and the giving.

Also very encouraging.

Thanks and you are SOOO right. All governments do is take and spend and deliver nothing but dependence on the program that is supposed to fix the problem!!

Oh well! We can't control that, all we can do is grow our business and make sure we give back in every way possible!

Michael

Old school? Maybe. I sure have found some great deals this way. Unlisted, no competition, easy contract assignments etc. etc.

While I am in a neighborhood I ALWAYS pull over when I see a listed house for sale that has fliers attached to the sign. Or call the agent on the sign to see what the property is listed at. LEARNING the neighborhood first hand.

Its all FUN! Beats the heck out of sitting home surfing the internet and finding non producers and overpriced properties!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Michael,
Did you estimate what the rehab was going to be yourself? Or did you call your rehabber to do the estimate? That's amazing. I love reading how you pros do deals. And it must be an awesome feeling to give back to the church.
-Teresa Jo
College Station, TX

Mike nice work on that one. I tell all mu mentoring students to drive for dollars and what to look for. Will close on three as it stands this month and one was from this same thing...They saw my suv signs...

I agree wholeheartedly about driving your neighborhoods.

Most of the boarded up houses we have been finding are REOs or already listed but we are researching one right now that we just found, purchased in 1973, owner died in 2005, and back taxes since 2007. We can't believe it is still just sitting there waiting for us but so many people just try to do it all at their computer and leave these for us to find!!!

We are getting ready to go door knocking the neighbors to find how to contact her family because even after all these yrs the tax bills are still being sent to the prop address.

Should be a fun learning experience. Ad we hope profitable!

Karen

We check them all out!

Teresa Jo,

I do my own estimates. When I first started I had contractors come and give me written estimates. I was always there with them asking questions. I did it that way on 5 or 6 properties until I had a real good feel for rehab/remodel prices.
I have found that my rehab buyers never go by my estimate anyway! Every one does it a little different. I never provide a written estimate for my buyers. I just tell them this is the ARV, this is how much rehab/remodel it will take to bring that ARV, this is what I am selling it for. At first I provided my buyers with a detailed property evaluation, CMAs, 3 contractor estimates, etc etc. I have found that to be a waste of time. REAL INVESTORS KNOW THAT STUFF and do their own due diligence!!

Keith,

Way to go! Our SUV and Truck have multiple signs on them too.(Magnetic ones from vistaprint) You have to market every way possible to find deals! Congratulations on the upcoming closings

Karen,

You never know what you will find or learn when you are out in the real World!
Good luck on that property!

Michael

Very inspiring. I love reading these posts!

Hope this info helps you out. I heard Ocala is hot. True?

Michael

Great!

I found 3 over the weekend using this method on my way to our kids football game. Got them undercontract and will assign them over to our buyers. This REALLY does work.

And if your friends with your mailman and leave him a nice Christmas bonus each year, you might be able to get him to leave you lists of empty houses, houses with overgrown grass, foreclosure stickers on windows, and new houses on the MLS that are on his route.

as always, you are such an inspiration for all of us here!

Great work, and how rewarding it must feel to be able to give back so much!

Donna, Congratulations on the deals! You never would have found them sitting at home.

Jack, Great idea on the mailman. I get along well with our mail lady. I am going to bug her tomorrow!

Val, Thanks, I will give more in the future.

Michael

I am getting to the age where I read things funny sometimes....I thought you said you were going to "hug" her tomorrow in reference to your mail lady!

Karen

If she supplies me with a good lead, then I WILL hug her!

Michael