The 4 Ds of real estate are death, divorce, disaster, and detention, and every one of them leaves a trail in public records. Dave Dey has spent 27 years and about 2,000 transactions finding properties in tough situations, solving the problem, and building creative deals around them.
Dave's story starts with five adults and three dogs living in a motel room after a late-night infomercial course didn't pan out. He studied in bookstores, gave blood for food money, and worked as a night janitor at a megachurch so he could use the phone to call sellers. His first deal was a duplex bought with a first and a second mortgage, funded by a private lender he met by accident. By 2008 he owned more than 300 units. Then the crash took almost all of it.
In this episode of Dirty Deeds, Dave Dey tells Logan Fullmer how he rebuilt, how he finds private lenders hiding in public records, how he built a disaster-recovery investing business after Hurricane Katrina, and why he now focuses on heirs and pre-probate deals in Florida.
You'll learn: - What the 4 Ds are and how to find them in public records - How to structure a deal with a first and a second when you have no money - How to find private money lenders by searching public records - Why you never ask for money on a first contact - What he learned losing 300 units in the 2008 crash - How disaster investing works after a hurricane - Why statute of limitations is one of the most useful tools in curative title - Why he disqualifies 90% to 95% of leads before making a single call
TIMESTAMPS 0:00 The 4 Ds: death, divorce, disaster, and detention 11:17 Living in a motel room with five adults 22:26 Buying a duplex with a first and a second 36:37 Losing 300 units in the 2008 crash 42:24 Finding private lenders in public records 47:29 Disaster investing after Hurricane Katrina 1:03:08 Why statute of limitations matters in curative title 1:17:09 Why he disqualifies 90% of deals
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