Driving for dollars used to be quite the adventure, with investors hitting the streets, armed with a paper map and pen, searching for distressed properties like treasure hunters on a mission. But now, we’re in 2023, and technology has taken the wheel with fantastic Driving for Dollars apps, making virtual driving the new norm for finding those hidden gems.
These incredible Driving for Dollars apps save us time and effort by helping us discover distressed properties more efficiently than ever. I bet you’re excited to learn how to leverage these apps to find and buy distressed properties, so let’s begin!
Pour a cup of coffee, queue up your favorite driving tunes, and buckle up. We will explore the best Driving for Dollars apps and learn how they can transform your real estate game in 2023.
What is the Driving for Dollars App?
If you’re a real estate investor, you know that finding properties can be a time-consuming and often frustrating process. However, with the rise of Driving for Dollars apps, that process has become much more streamlined.
These apps give investors easy access to property and homeowner information, allowing them to evaluate potential investment opportunities quickly. This can be particularly useful in a competitive real estate market, where speed and efficiency can mean the difference between securing a property and missing out.
What Are The Best Driving For Dollars Apps?
1. Deal Machine
Deal Machine is a dynamic real estate investing software crafted to help investors discover, evaluate, and complete more deals. Its Driving for Dollars feature is an invaluable resource for those searching for off-market properties and aiming to enhance their efficiency, particularly regarding direct mail marketing.
The platform includes an array of features, such as an integrated navigation system, which allows you to plan your routes effectively and avoid covering the same areas repeatedly. This ensures a comprehensive driving and property history in your quest for profitable deals.
Deal Machine’s virtual driving tool is unique because it allows you to find properties not listed on the market without leaving your home. This is particularly useful for investors who prefer to avoid direct interaction with the market.
With access to public records of over 150 million properties in the US, along with more than 70 premium filters and 700 data points, the software enables you to identify and assess potential deals confidently.
Deal Machine’s list builder tool streamlines lead generation, saving time and effort. The bulk skips tracing functionality facilitates rapid property owner information retrieval, empowering you to launch targeted direct mail marketing campaigns using pre-designed templates.
The automated follow-up system guarantees every lead is noticed, bolstering your marketing efforts and assisting you in closing more deals.
Deal Machine is ideal for real estate investors looking for a comprehensive platform that combines lead generation, deal analysis, and direct mail marketing, helping you find and secure more deals effectively.
- “Driving for Dollars” tool for finding off-market properties
- Integrated navigation system for efficient route planning
- Virtual driving tool for remote property searches
- Access to public records of over 150 million properties in the US
- Automated lead generation using the list builder tool
- 70+ premium filters and 700 data points for in-depth analysis
- Bulk skip tracing for quick access to owner information
- Pre-designed templates for effective direct mail marketing campaigns
- Automated follow-up system to keep track of leads
Deal Machine offers three pricing plans:
- The Starter Plan at $59 per month with up to 10,000 leads and one user
- The Pro Plan at $99 per month with up to 50,000 leads and three users
- The Teams Plan is at $299 per month with up to 500,000 leads and 15 users.
BatchDriven is an innovative real estate investing software designed to help investors identify, analyze, and secure more deals. Its prominent feature, “Driving for Dollars,” is crucial for those seeking off-market properties and striving to improve efficiency, especially in direct mail marketing.
BatchDriven offers an array of benefits, making it an indispensable tool in a real estate investor’s arsenal:
- “Driving for Dollars” tool for finding off-market properties.
- Skip tracing functionality for quick access to property owner information.
- Integrated marketing tools for launching efficient direct mail campaigns.
- Mobile and virtual driving tools for flexible property scouting.
- Provision for up to three users under the Personal Basic package, ideal for small teams.
- An allowance of 10,000 property exports per month, facilitating portfolio management.
BatchDriven presents two pricing packages that cater to various needs and budgets. The Personal Basic package is priced at $99 per month, but choosing the annual payment option brings it down to $82 per month, thus saving 17% annually.
The Personal Plus package is priced at $299 or $248 per month when paid annually for a more comprehensive solution. This package includes everything in Personal Basic and more, such as an increase in users to eight, perfect for growing teams, and an impressive 25,000 property exports per month. Additionally, discounted rates for skip tracing, postcards, and letters make it an attractive option.
BatchDriven goes beyond providing cost-effective packages. It offers comprehensive solutions that streamline your real estate investment journey, making driving for dollars more than just property scouting – it’s about building a successful, sustainable business.
PropStream is a game-changing real estate investment software that offers many tools to help investors stay ahead of the curve in the market. It’s an all-in-one solution that caters to every real estate investing need. Be it scouring off-market properties while on a drive or scrutinizing deals, PropStream simplifies it all.
One of the standout features of PropStream is its nationwide property database, which offers instant access to millions of property records. This valuable information helps you uncover hidden investment opportunities and make data-driven decisions.
PropStream also includes a powerful list-building tool, allowing you to create highly targeted lists of motivated sellers, distressed properties, and more. You can quickly identify leads that match your investment strategy with customizable filters and criteria.
In addition, PropStream offers an in-depth property analysis feature that helps you evaluate potential deals and determine their profitability. This allows you to make informed decisions and focus on opportunities with the highest returns.
Finally, the software includes a built-in marketing platform, making it easy to launch direct mail campaigns and reach out to potential sellers. This comprehensive approach streamlines your lead generation and marketing efforts, ultimately helping you close more deals.
PropStream is an excellent choice for real estate investors looking for a robust platform that offers everything from property search to deal analysis and marketing tools.
- Access to a nationwide property database with millions of property records
- Powerful list-building tool for creating targeted lists of motivated sellers and distressed properties
- In-depth property analysis feature for evaluating potential deals
- Built-in marketing platform for launching direct mail campaigns
- Ideal for driving for dollars and uncovering off-market opportunities
- Customizable filters and criteria for tailored lead generation
PropStream offers a monthly subscription plan at $99 per month, which includes access to all features and tools. They also provide a 7-day free trial, allowing you to test the software before committing to a subscription. Prop offers a helpful free add-on called Mobile Scout which includes a “Drive” feature for accessing properties, tagging, and sharing properties and allows up to 10 Scouts per account.
DealCheck is a versatile real estate analysis software designed to help investors quickly and accurately evaluate potential investment properties. Whether you’re driving for dollars or browsing online listings, DealCheck streamlines the deal analysis process, making it an invaluable tool for real estate investors.
A key feature of DealCheck is its user-friendly interface that allows you to input property information and receive detailed analysis in seconds. The software calculates essential metrics such as cash flow, cap rate, return on investment (ROI), and more, enabling you to make informed decisions based on data.
DealCheck also supports various property types, including single-family homes, multi-family properties, commercial buildings, and rental portfolios. This versatility ensures that you can analyze any property, regardless of size or nature.
One standout aspect of DealCheck is its ability to compare multiple properties side-by-side. This feature helps determine which deals offer the best returns and align with your investment goals.
DealCheck includes built-in tools for generating professional-looking reports and sharing them with partners, lenders, or clients. This feature makes it easy to present your findings and collaborate with others.
DealCheck is an excellent choice for real estate investors seeking a user-friendly, comprehensive solution for evaluating potential investment properties quickly and accurately.
- User-friendly interface for quick and accurate property analysis
- Support for various property types, including single-family, multi-family, and commercial
- Calculates essential metrics like cash flow, cap rate, and ROI
- Side-by-side property comparison for informed decision-making
- Professional report generation and sharing capabilities
- Ideal for driving for dollars and evaluating off-market deals
DealCheck offers a free plan with limited features and two paid plans
- DealCheck Plus for $10 per month (billed annually)
- DealCheck Pro for $20 per month (billed annually)
Both paid plans unlock advanced features and analysis tools, with the Pro plan offering additional benefits such as priority support and white-label reports.
REIRail is a cutting-edge real estate lead generation and management software for investors. This innovative platform offers tools to help you track, engage, and close more deals, making it a valuable resource for investors driving for dollars or searching for off-market opportunities.
A standout feature of REIRail is its patented caller ID technology, which instantly provides you with detailed information about incoming calls, including property data and owner information. This real-time data lets you engage with potential sellers more effectively and create personalized interactions.
REIRail also includes an advanced CRM system, enabling you to efficiently manage your leads, track communication, and automate follow-ups. This comprehensive approach ensures that no potential deal falls through the cracks.
Furthermore, REIRail offers a range of marketing tools, such as ringless voicemail drops and SMS marketing, to help you reach out to potential sellers and nurture leads. These powerful features help you create tailored marketing campaigns that resonate with your target audience.
Ultimately, the platform provides detailed analytics and reporting, giving insights into your marketing efforts and allowing you to make data-driven decisions to optimize your campaigns.
REIRail is an excellent choice for real estate investors seeking a robust lead generation and management platform that offers innovative tools for tracking, engaging, and closing deals.
- Patented caller ID technology for real-time property and owner information
- Advanced CRM system for efficient lead management and communication tracking
- Powerful marketing tools, including ringless voicemail drops and SMS marketing
- Detailed analytics and reporting for data-driven decision-making
- Ideal for driving for dollars and uncovering off-market opportunities
- Streamlines lead generation and management processes
REIRail allows real estate investors to choose from three pricing plans – Mobile Only, Basic, and Pro.
- The Mobile Only plan is free to join and $49 a month
- Basic and Pro are priced at $129 and $249 monthly.
Each plan offers a range of features and benefits, such as access to the REIRail mobile app, Google Images, and the Deal Desk add-on. The plans provide scalability and efficiency, making them ideal for real estate investors looking to grow their businesses.
LandGlide is a real estate app that focuses on helping investors access property boundary information and land data on the go. The app visually represents property lines using GPS technology, enabling investors to explore property boundaries while driving or walking through neighborhoods easily.
With an extensive database covering over 150 million properties in the US, LandGlide allows users to access property details, such as ownership information, parcel ID, address, and other relevant data. This makes it an excellent tool for those driving for dollars, as it helps investors quickly identify potential opportunities and gather necessary property information.
- GPS-based property boundary visualization for easy exploration
- Access to a comprehensive database of over 150 million properties in the US
- Detailed property information, including ownership details and parcel ID
- Convenient on-the-go access for Driving for Dollars enthusiasts
- Updated data to ensure accuracy and relevance
LandGlide offers a free 7-day trial, after which you can subscribe to the personal plan at $9.99 monthly or the annual plan at $99.99 per year. And also, Landglide offers plans for teams of 2 or more.
REIPro is a comprehensive real estate investment software designed to help investors of all experience levels find, analyze, and close more deals. This powerful software has various features that make it a valuable tool for real estate professionals.
One of the key features of REIPro is its ability to access public records, allowing investors to find information about property owners, tax information, and more. This information is invaluable when evaluating potential investment properties.
REIPro also has an advanced Driving for Dollars feature that enables investors to locate and analyze off-market properties. This tool lets you quickly identify distressed properties and other investment opportunities in your target market.
In addition to its Driving for Dollars feature, REIPro also includes a comprehensive deal analyzer tool that allows investors to evaluate the potential profitability of a deal quickly. The tool provides a detailed property analysis, including repair costs, potential rental income, and more.
Another valuable feature of REIPro is its ability to automate direct mail marketing campaigns. With this tool, investors can quickly create targeted mailing lists and launch campaigns to potential leads.
- Access to public records for valuable property information
- Driving for dollars feature to locate off-market investment properties
- Deal analyzer tool to evaluate the potential profitability of a deal
- Automated direct mail marketing campaigns to target potential leads
- The comprehensive database of real estate leads
- User-friendly interface for a streamlined investment experience
The Standard Plan costs $109 per month. It includes features such as three user accounts, 12 nationwide lead sources, 156+ million property records, MLS® comps in all 50 states, a direct mail engine, marketing tools, buyer and contact CRM, an unmatched education library, 50 skip trace credits, and 10,000 exports per month.
The Team Plan costs $297 per month. It includes all features from the Standard Plan, plus additional features such as 12 user accounts, team administration, individual customizations, impersonate feature, calendar sharing, chat feature, lead sharing, 25% off postcard printing, 200 skip trace credits per month, and 20,000 exports per month.
Both plans come with a 14-day free trial and offer the ability to cancel anytime.
Selecting the yearly option offers a discount of $240 for the Standard Plan and $600 for the Team Plan.
What is Driving for Dollars?
If you’re exploring the world of real estate investing, you may have heard the term “driving for dollars” tossed around.
Essentially, it’s a way for investors to find properties that aren’t necessarily on the market but could be potential deals. This involves driving around various neighborhoods and noting properties needing TLC or “tender, loving care.”
Many real estate investors use a “driving for dollars” app to track their properties and analyze their potential profitability. While this may seem time-consuming, it can be a great way to uncover hidden gems and secure great deals.
So, here is the steps to get started for your next real estate deal:
Step 1: Pick a neighborhood
To begin your search, select a neighborhood or area you are interested in. Consider factors such as location, potential property values, and level of distress or vacancy. You can gather information about different neighborhoods by researching online or consulting with local real estate agents.
Nowadays, driving for dollars apps allow you to practice virtual driving from your home without physically driving a car. If you do the traditional way of driving around to find potential leads, please drive safely. Alternatively, you could have a friend accompany you.
A helpful tip: If driving around to look for potential business opportunities isn’t something you enjoy or have time for, consider hiring someone to do it for you.
Step 2. Plan your drive
Driving for dollars can be a lucrative way to find potential investment properties, but planning your route is essential.
By covering a larger area more efficiently, you can increase your chances of success. Bringing a camera or smartphone to take notes and pictures during your drive can also help you keep track of potential properties.
Timing is key when driving for dollars, so it’s best to hit the road between 10 AM and 4 PM when most homeowners will likely be away from home. With some planning and the right tools, driving for dollars can become valuable to your investment strategy.
Step 3. Look for distressed properties
Keep your eyes peeled for signs of neglect, such as overgrown lawns, boarded-up windows, and generally unkempt appearance. Even if a property doesn’t appear blatantly distressed, it’s still worth noting.
These properties may be owned by motivated sellers looking to get rid of their property quickly. You may find your next lucrative investment opportunity by being observant and looking beyond surface-level appearances.
Step 4. Write down property addresses and take pictures
When searching for distressed properties, keeping organized notes and documentation is important. One crucial step in this process is writing down the property addresses and taking pictures.
Doing so lets you easily track which properties you’ve looked at and their condition. Plus, pictures serve as visual reminders of the property’s state and any potential repairs needed. This information can be invaluable when making an informed decision about which properties to pursue further.
So, grab a notepad and a camera, and get ready to take on the world of distressed property investing.
Step 5. Research the properties
Real estate investment is a lucrative business that requires thorough research and evaluation.
Successful real estate investors understand the importance of researching each property to determine if it presents a good investment opportunity. This involves investigating the market value of the property and the local real estate market as a whole and assessing any necessary repairs or renovations that may need to be made.
Basic research can be completed online or by a local real estate agent. Evaluating every aspect of a property before investing helps ensure a positive return on investment.
Step 6. Reach out to property owners
As a real estate investor, finding potential properties to invest in can be a challenging task.
Driving for Dollars Apps are available that make connecting with property owners easier. Once you have their contact information, it’s essential to approach them with respect and professionalism. After all, these are people you might want to do business with.
Consider sending a direct mail campaign, calling, or knocking on their door. By showing that you’re interested in their property and care about their interests, you might open the door to a profitable real estate investment opportunity.
Step 7. Follow up with leads
Keep in touch with potential sellers and follow up on any leads to close a deal. Be persistent until you reach a mutually beneficial agreement.
Driving For Dollars Pros And Cons
Like any real estate investment strategy, “driving for dollars” has advantages and drawbacks. Understanding these pros and cons can help determine the right approach.
– Increase knowledge of the local real estate market
– Great way to find motivated sellers
– A relatively inexpensive method of finding potential investment properties
– No need for a real estate license
– Time-consuming process
– Potentially costly if you have to pay for gas and parking fees
– Difficult to stay organized with research data when driving around
– May be less effective in rural areas with limited distressed properties.
For new real estate investors seeking affordable ways to find potential investment properties, driving for dollars has more benefits than drawbacks. Nevertheless, evaluating the advantages and disadvantages is crucial before deciding if this method fits your investment objectives and available resources.
And there you have it! We’ve taken a virtual road trip together, exploring the best driving for dollars apps like Deal Machine, BatchSkipTracing, PropStream, DealCheck, and REIRail that will help you find and buy distressed properties like a pro in 2023. The next step is in your hands – it’s time to put these powerful tools to work and watch your real estate portfolio grow.
But before you hit the road, don’t forget to check out our recommended resources and tools that will make your journey to real estate success smoother. Trust me, you’ll thank yourself later for investing in the right tools and knowledge to make the most out of your Driving for Dollars experience with these fantastic apps.
Ready to rev up your real estate engine? Click here to start real estate investing and unlock the true potential of Driving for Dollars apps like Deal Machine, BatchSkipTracing, DealCheck, and REIRail.
Happy hunting, and may your real estate ventures be prosperous and rewarding!