Filtra per genere

The DealMachine Real Estate Investing Podcast

The DealMachine Real Estate Investing Podcast

David Lecko, Ryan Haywood

It is a tragedy that 95% of the country is brainwashed into believing that you have to work 50 hours per week for 50 years just to retire. By that point, you might not even enjoy your time off! This podcast helps you escape the traditional 9-5 and embark on a fulfilling, financially rewarding journey. We will show you how it is possible to make your annual salary, monthly through a proven business model called wholesaling real estate. Why wholesaling real estate? This perfect strategy doesn't require significant capital to actually purchase the property yourself, it allows you time freedom without being at someone’s beck and call, and you can make 15% of each deal. You simply find distressed properties and connect them with investors. It's a flexible and scalable way to enter the world of real estate without many of the traditional barriers and offers 5 figure paydays. If you're a newcomer to this world, this podcast is specifically designed for you. Here's what you can look forward to: Wholesaling 101: We break down the ABCs of wholesaling. And no, 'B' doesn't stand for 'Boring.' Beginner’s Bootcamp: Think of this as your training wheels in real estate, only a lot less embarrassing than the ones on your childhood bike. Action Steps: Get ready to jot down exactly what to do next. Support Squad: Dive into a community of fellow newbies with experts we bring in to help. You will achieve success much faster when you have access to people who have achieved what you want to achieve, and the support from those on the same path. Ready to get started? Let's get you listening all the way to the bank. Subscribe and leave us a review! Sign up for a free trial of DealMachine : https://www.dealmachine.com/pod

163 - 148: The Most Profitable Category: Rundown Properties
0:00 / 0:00
1x
  • 163 - 148: The Most Profitable Category: Rundown Properties

    In this conversation, David Lecko and Zach Booth discuss the driving for dollars strategy in real estate wholesaling. They cover the four categories of properties to look for: rundown properties, absentee owner properties, owner-occupied properties, and corporate-owned properties. They emphasize the importance of adding any properties with signs of distress to your marketing list, regardless of ownership type. They also discuss the effectiveness of different marketing strategies for each category and the importance of prioritizing your time and resources. Overall, the driving for dollars strategy can be highly profitable and allows for scalability and freedom. Key Talking Points of the Episode 00:00 Introduction 01:15 What are the 4 kinds of properties to look for when driving for dollars? 03:05 Why is it worth marketing to owner-occupied properties? 04:49 What is the best way to market to corporate-owned properties? 07:07 How can you find contact information for corporate-owned properties? 10:45 Why is it important to still drive for dollars in person? 12:30 What are the best ways to make the most of your driving for dollars list? 13:40 How can you make driving for dollars more convenient with Deal Machine? 15:08 What are the most important kind of properties to market to? 17:01 Why are owner occupied properties more profitable than the rest? 18:36 How can the Driving for Dollars Mastery podcast help you get started? Links Podcast: Driving for Dollars Mastery https://podcasts.apple.com/in/podcast/driving-for-dollars-mastery/id1570543403

    Fri, 10 May 2024 - 19min
  • 162 - 147: Making a $90,000 Assignment Fee in 6 Days

    Dillano shares the story of a recent real estate deal where he made a $90,000 assignment fee in just six days. The deal came from a past relationship and involved a property that was about to be foreclosed on. Dillano negotiated with the seller and offered assistance in finding a new place to live. He also implemented a seller holdback, where the seller would receive half of the net proceeds upfront and the rest after moving out. Dillano celebrated the success by paying off debt and reinvesting the money into marketing for more deals. Key Talking Points of the Episode 00:00 Introduction 01:01 How did Dillano find his most recent wholesale deal? 03:40 What strategy did Dillano use to get the deal under contract? 06:10 What is the best way to approach sellers? 08:22 Why is it important to offer help beyond the transaction? 09:53 What is a seller hold-back? 11:40 What were the numbers on this deal? 13:40 Why is it important to celebrate your wins as a wholesaler? 15:02 What is the best way to manage your profits? 18:24 What is next for Dillano? 20:00 How can you get in touch with Dillano? 21:45 What is the value of doing JV deals with other investors? Links Instagram: Dillano Medina https://www.instagram.com/realestatelano/ Podcast: 094: 3 Cold Calling Tips Learned from 60 Wholesale Real Estate Deals Dillano Medina https://podcasts.apple.com/us/podcast/094-3-cold-calling-tips-learned-from-60-wholesale-real/id1667656532?i=1000640636366

    Wed, 8 May 2024 - 24min
  • 161 - 146: The Formula for Marketing to Wholesale Real Estate

    Yash Sampat shares his experience in wholesaling real estate, including his strategies for finding deals and buyers. He discusses how he uses text blasting and cold calling to generate leads, with an average conversion rate of 1%. Yash also explains his process for evaluating properties and making offers, which includes using software like PropStream and Deal Machine. He emphasizes the importance of communication with sellers and adjusting pricing when necessary. Yash plans to transition full-time into wholesaling and sees it as a lower-stress alternative to his agency business. Key Talking Points of the Episode 00:00 Introduction 01:01 How did Yash find his first 3 wholesale deals? 02:15 How many text messages did Yash need to send to get leads? 03:01 How much does Yash make in assignment fees? 04:16 What does Yash’s process look like after speaking to a seller? 05:03 What formula does Yash use to make an offer on a property? 06:52 How does Yash handle seller conversations? 10:02 How does Yash present his offer a seller? 11:07 How much time does it take for Yash to close on his deals? 12:48 Where does Yash find buyers for his wholesale deals? 14:27 How did Yash learn about wholesaling? 16:24 What does Yash’s agency do? 17:48 What does the future look like for Yash? 20:57 What is Yash’s advice for people getting into wholesaling today?

    Mon, 6 May 2024 - 23min
  • 160 - 145: College Student Starts Wholesaling Real Estate

    Diego Cavazos shares his journey in real estate investing, starting with his first deal and the challenges he faced. He discusses his marketing strategies, including cold calling, PPC, and ringless voicemails. Diego also talks about his goals for the future and his plans to build a successful business. He shares insights into finding buyers and the process of pitching deals to them. Key Talking Points of the Episode 00:00 Introduction 01:01 How did Diego find his first wholesale deal? 02:01 What is Diego doing full-time? 03:11 How many deals has Diego done since the first one? 04:05 What marketing channels does Diego use to find deals? 05:02 How do PPC ads and ringless voicemails work? 06:05 What kind of lists does Diego market to? 07:09 How many ringless voicemails does it take to get leads? 08:44 What is Diego doing with his profits from wholesaling? 09:37 What are Diego’s goals? 11:03 How is Diego’s team structured? 12:02 How did Diego find his first buyer? 13:33 How does Diego pitch deals to his buyers? 15:00 How quickly does Diego sell his deals to his buyers? 16:00 What does the future look like for Diego? 17:07 What is Diego’s advice for new wholesalers?

    Fri, 3 May 2024 - 18min
  • 159 - 144: Top 5 Ways To Find Undervalued Real Estate in 2024

    David breaks down the top 5 ways to find undervalued real estate in 2024. He outlines the top 5 strategies for discovering undervalued real estate in 2024. From "Driving for Dollars" to targeting "Tax Delinquent Properties," he offers a comprehensive approach to identifying lucrative opportunities. With insights on leveraging liens, code violations, pre-foreclosures, and probate properties, David equips you with actionable techniques to navigate the real estate market successfully. Key Talking Points of the Episode 00:00 Introduction 00:50 Driving for dollars 01:48 Tax delinquent properties 02:39 Liens 03:17 Code violations 03:45 Pre-foreclosures 04:38 Probate 05:16 Deal Machine FREE trial Links Website: Deal Machine https://www.dealmachine.com

    Wed, 1 May 2024 - 06min
Mostra altri episodi