Uber drivers often don’t make enough money to survive off of that gig alone. Even if you drive full-time, you may not be able to make ends meet as an Uber driver. That’s why so many Uber drivers take on additional jobs. Many drive for multiple companies (Lyft, Amazon, etc.) Others take on extra Uber work, such as delivering Uber Eats. And some are taking advantage of a brand new opportunity to assist a real estate company, doing work for them at the same time that they drive for Uber.
What is CORI?
CORI Corporation is an Atlanta-based real estate investment company. It appears to have just launched this year. It’s headed up by CTO and co-founder Eric Richner who also manages The Richner Group, and We Buy Crappy Houses. Although based in Atlanta, they also work with real estate in Virginia Beach, Chicago, and Minneapolis.
CORI is a company that locates run-down homes, buys them, fixes them up, and sells them. In other words, they are a company of house flippers. They specialize in finding homes that aren’t already on the market. The home is disrepair, but the owner hasn’t moved forward with selling it, yet. They just need someone to approach them and make the right deal. That’s what CORI does.
CORI’s Deal Finders: How Uber Drivers Can Make Money with CORI
What does any of this have to do with Uber? Well, it turns out that Uber drivers are particularly well-suited to finding great homes for CORI to invest in. Uber drivers are out there on the road, all day, every day, driving up and down many different streets. They see homes in disrepair. They see homes that someone could easily fix up and flip. It’s easy for them to provide leads about those homes to CORI.
In fact, CORI has specifically marketed to Uber drivers to get them to do just that. They have a program called Deal Finders. Although they don’t have a main CORI website (the URL just sends you to their Facebook page), they do have a page for their Deal Finders Elite program. Uber drivers can head to the site and sign up to become a Deal Finder, through which they can provide CORI with housing leads.
As you’re driving around picking up and dropping off your Uber rides, you just have to keep an eye out for good houses for the program. As you get used to how it works, finding the right types of houses should become easier and easier. If you’re good at it, then you can earn decent money for your leads. You make money when CORI sells a house that you’ve pointed them to with your leads.
How to Use CORI’s Deal Finders Program
Once you go to the website, you’ll click on the big yellow button that says, “let’s do this.” That will take you to a page that tells you that you’re signing up to do “Driving for Dollars.” What does that mean? They explain:
“Driving for Dollars is the term used for locating and logging properties, that are either in bad shape or vacant, while using any method of transportation.”
So, you don’t actually have to be an Uber driver, or any type of driver at all, in order to become part of the Deal Finders program. If you’re a flaneur who enjoys walking the streets of your city every day, you can sign up to become a Deal Finder with CORI. That said, they’ve explicitly marketed to rideshare drivers because of how convenient it is for them to incorporate house-finding into their existing work.
After entering your name, you’ll get a little bit more information about the job. You’ll learn that your job is essentially to find houses that are in disrepair. You’ll photograph them and log them into the system using a unique mobile app. Then you’ll add tags to help the flippers understand more about the house. For example, you might tag that it has fire damage or that it’s a vacant building.
How Much Money Can An Uber Drive Make with CORI?
According to the site, you receive payment whenever you provide a lead that turns into a closed property deal. In other words, if you provide terrible leads and CORI doesn’t buy, then sell, the houses then you don’t make money. However, if you excel at providing leads, then you can make some cash. In fact, the more good leads that you provide, the more money you can make per lead.
They call their payment on closed property deals a “performance bonus.” You get your performance bonus when the sale happens. So, first, you provide the lead through the app. Then CORI may buy the house, fix it up, and sell it. You earn money based on the amount of profit CORI makes with that sale.
If the sale’s profit exceeded $15,000, then you’ll get a $1500 performance bonus. If the deal was for between $5000 and $15,000, then you’ll get $1000. And if the deal was for less than $5000, then you’ll still get $500. In other words, you more or less get 10% of the deal price on average.
If you really love this work, then you can make even more money. “Deal Finders that send over 50 properties will be eligible for payment of $1 per approved lead, for every 50 leads.” Therefore, you might make a little bit of cash even when it doesn’t lead to a property sale.
You can receive payments via check, Paypal, Venmo, or “cash app.”