Podcasts by Category
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
- 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 - 158 - 143: Real Estate Agent vs Wholesaling
Curious which is the best self-employed option for you in real estate? Our guest Tony Roberts breaks down the pros and cons of his work as a real estate agent and also a wholesaler. This is the podcast for 10xing your income and replacing your w2 with the power of real estate investing! Key Talking Points of the Episode 00:00 Introduction 00:49 How much did Tony make on his first wholesale deal? 01:35 What is Tony’s background? 03:31 When did Tony realize that wholesaling is a real business? 04:23 Why did Tony decide to try wholesaling real estate? 05:27 How did Tony find his first JV partner? 06:39 How did Tony approach investors when he first started? 09:28 What challenges did Tony have with his first wholesale deal? 10:37 How does Tony handle seller conversations? 12:21 How can we start changing the stereotype of wholesaling? 13:52 How did Tony figure out the value of the property? 15:27 Where did Tony learn to calculate the ARV of a property? 19:15 How was Tony’s first JV deal structured? 20:42 How did Tony move forward after starting with JV deals? 23:50 What is Tony’s advice for everyone listening? 25:28 How can you connect with Tony? Links Document: JV Agreement https://www.dealmachine.com/jv Instagram: Backstreet Property Investment https://www.instagram.com/backstreetpropertyinvestments/ Youtube: Backstreet Property Investment https://www.instagram.com/backstreetpropertyinvestments
Mon, 29 Apr 2024 - 26min - 157 - 142: Master Virtual Driving For Dollars
In this conversation, David Lecko discusses the concept of driving for dollars in real estate investing. He explains that driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal. He introduces the concept of virtual driving for dollars, which allows investors to scout for properties online using Google Street View. David highlights the benefits of virtual driving, such as cost savings, efficiency, and a broader reach. He also emphasizes the importance of taking action and building a niche list of properties. Takeaways • Driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal. • Virtual driving for dollars allows investors to scout for properties online using Google Street View. • Virtual driving offers benefits such as cost savings, efficiency, and a broader reach. • Taking action and building a niche list of properties is crucial for success in real estate investing. Key Talking Points of the Episode 00:00 Introduction 01:15 What should you know about finding off-market deals? 02:33 Why is driving for dollars the best way to find off-market deals? 04:23 What is virtual driving for dollars? 05:31 How can you identify the best market to virtually drive for dollars in? 06:45 How can you virtually drive for dollars in Deal Machine? 08:39 What should you be looking for when virtually driving for dollars? 09:45 How many properties should you be adding to your list? 10:42 What are the tags in the Deal Machine app for? 11:13 How is traditional driving for dollars different from doing it virtually? 12:49 Why should you virtually drive for dollars? 14:00 What is the best way to find deals right away? Links Instagram: David Lecko https://www.instagram.com/dlecko
Fri, 26 Apr 2024 - 15min - 156 - 141: 3 Step Framework For Avoiding Failure In Real Estate
Brian shares his framework called Clarity, Volume, and Consistency (CVC) for success in wholesaling and real estate investing. The framework starts with clarity, which involves knowing your end goal and creating a business plan. The next step is volume, where you take massive action and do the necessary volume of activities to achieve your goals. Finally, consistency is key, as it takes time and consistent effort to see results. Brian emphasizes the importance of environment and surrounding yourself with successful people. He also provides advice on networking and building relationships with experienced investors. Keywords wholesaling, real estate investing, framework, clarity, volume, consistency, success, business plan, massive action, environment, networking Takeaways • The CVC framework (Clarity, Volume, and Consistency) can help wholesalers and real estate investors achieve success. • Clarity involves knowing your end goal and creating a business plan. • Volume requires taking massive action and doing the necessary volume of activities to achieve your goals. • Consistency is key, as it takes time and consistent effort to see results. • Surrounding yourself with successful people and building relationships with experienced investors can greatly impact your success. Key Talking Points of the Episode 00:00 Introduction 01:20 How does Brian’s framework help wholesalers? 02:33 What is Brian’s background? 03:54 How did Brian come up with this framework for success? 05:11 What is the importance of clarity to your success? 08:37 What is the best way to connect with people you want to learn from? 14:05 How can you identify the volume of action that will give you success? 18:41 Why is consistency the most difficult part of the framework? 22:51 How can you use your corporate background to succeed in real estate? 23:46 What will you learn from Brian’s book and podcast? 25:13 How can being around the right people set you up for success? 26:25 What are the 3-5 steps that can help you close a wholesale deal? Links Book: From Passive to Passionate https://www.amazon.com/Passive-Passionate-Wealth-Passions-Profits/dp/B0CLPKKDXJ Podcast: The Action Academy https://podcasts.apple.com/us/podcast/the-action-academy-millionaire-mentorship-for-your/id1588326291
Wed, 24 Apr 2024 - 28min - 155 - 140: 10 Tips For Becoming a Real Estate Investor
In this conversation, David Lecko and Ryan discuss advice from Eric Stark, a full-time real estate investor with over 600 deals under his belt. They cover topics such as working a specific strategy, specializing in one thing before adding to it, finding a mentor, making written offers, developing off-market lead generation systems, using profits to keep good deals, and being clear on goals and enjoying life. They emphasize the importance of focusing on one strategy, building relationships with city officials, and being mindful of personal and business finances. Keywords real estate investing, strategy, specialization, mentorship, written offers, off-market leads, profits, goals, enjoying life Sound Bites "Stick to that specific strategy instead of chasing an opportunity." "Specialize, become excellent at one thing, then add to it." "Find a mentor who has current deals being closed monthly." Key Talking Points of the Episode 00:00 Introduction 01:41 Why is it important to have a strategy in wholesaling? 04:14 How can focusing on one thing at a time help you scale your business? 07:43 What is the value of finding the right mentor when you’re a new investor? 09:36 How can you get in touch with Ryan for mentorship? 10:20 What is the importance of writing offers for the deals you’re finding? 12:10 How can writing offers help you make sellers understand your numbers? 14:05 Why is it important to learn to find off-market deals? 17:29 What is the best way to follow up on your leads? 19:00 What is a “Leave Behind” program? 20:45 What is the best way to use your profits from wholesaling to grow a portfolio? 23:03 Why do you need to set clear goals for yourself? 24:46 How can you make the most of your real estate investing success? 26:32 Why should everyone learn Profit First? Links Instagram: Heritage Home Investments https://www.instagram.com/heritage_home_investments
Mon, 22 Apr 2024 - 28min - 154 - 139: 7 Day Challenge To Make $10,000
If you're wondering how to get into real estate investing, this episode breaks down how to get your first wholesale deal in 7 days. Wholesaling is a popular way to start because you get paid for finding a run down house, without needing the money for a down payment. We're bringing this back from our 2023 catalog since you liked last week's episode so much which was also a great episode from last year on handling seller objections and overcoming fear. Key Talking Points of the Episode 00:00 Introduction 01:51 What is the importance of your first deal? 04:07 Why is real estate a better investment for retirement? 07:04 What are the 2 most important things you need to do to start wholesaling? 09:14 What should you look for in distressed properties? 10:25 Why is it important to find as many properties as you can? 12:14 How can you find more deals by including owner-occupied properties to your list? 13:38 Where should you start looking for distressed properties? 14:07 What should you say when you get in touch with the property owner? 15:08 What are the benefits of getting started with wholesaling today? 16:04 How can you move forward once you find a deal? Links Instagram: David Lecko https://www.instagram.com/dlecko/
Fri, 19 Apr 2024 - 17min - 153 - 138: 10 Seller Objections Handled
A lot of time we're scared to take the next step because we fear the unknown down the road. When it comes to real estate, often times that fear is not knowing if the seller is going to object to our offer. So we're bringing this episode back from our 2023 podcast episode on handling 10 objections for you. We felt this was the perfect time as interest rates come down and more buyers come into the market. Plus, this episode was just featured on the Bigger Pockets podcast recently as well! Key Talking Points of the Episode 00:00 Introduction 04:22 How can you approach sellers with more than one decision-maker? 07:19 How can you tell when the seller is giving you a smokescreen objection? 08:52 Why is it important to set expectations with sellers? 10:36 What questions can you ask when a seller says they will think about it? 13:13 How can you uncover more information from the seller? 16:07 Why would sellers typically say they’re not ready to sell? 18:18 What questions can help you get through sellers who say they can’t talk when you call? 21:52 How can you approach sellers who say they have to do things before they talk to you? 24:02 How can set expectations on price with sellers early in the conversation? 27:20 What is the best way to approach sellers who say they’re not interested to sell? 28:41 How should you approach sellers who are entertaining other offers? 31:31 How can you get in touch with Jennie? Links Website: REI Sales Tools https://reisalestools.com/ Email: Jennie Hudspeth jennie@reisalestools.com
Wed, 17 Apr 2024 - 32min - 152 - 137: How To Make 3 Offers On Every House
A lot of people want to get into real estate, and they spend their time researching whether wholesaling, or becoming a real estate agent, or doing creative financing where they can take over people's loans or do seller finance payments to the seller is the best way to build a rental portfolio. So there's three options for each deal: seller finance, wholesale, or retail, and there's a major secret of how to know how to structure each of the deals. And that's what we're going to break down in this episode is how to know when to use one of those three strategies. Key Talking Points of the Episode 00:00 Introduction 01:37 How did Zack come across the 3 ways to help sellers? 03:47 What did Zack learn from reading Multi-family Millions? 06:21 What should you be focused on when you’re investing in real estate? 08:03 How can you identify the best way to help sellers? 12:06 When should you wholesale or offer cash on a property? 15:26 How would you know if the situation calls for seller financing? 19:56 What factors can help you identify what strategy to use for a deal? 21:14 What do you need to be able to offer retail to sellers? 24:56 How can you tell if a seller would be better off with a retail offer? 26:14 Which of the 3 offers should you use more? Links Book: Multi-family Millions https://www.amazon.com/Multi-Family-Millions-Reposition-Apartments-Profits/dp/0470267607 Instagram: Zack Boothe https://www.instagram.com/zackboothe Website: Driving for Dollars Mastery https://dfdmastery.com/
Mon, 15 Apr 2024 - 29min - 151 - 136: $47,808 Reasons To Wholesale A Real Estate Deal!
This is for anyone who wants to start a business! Matt Kamp found a 3 acre lot that wasn't for sale, but the seller wanted to unload it. Matt got it under contract and before closing, sold the rights to buy that property to someone else for a big fee of $47,808! Matt split that 3 ways with his friends who helped him get the deal done. We break down this deal so you can do the same. Key Talking Points of the Episode 00:00 Introduction 01:31 How much did Matt make on his wholesale deal in Chesterfield? 02:09 How did Matt find this deal? 05:07 How did Matt and his partner evaluate the deal? 06:30 What did Matt do to get accurate comps for the deal? 09:09 How can your network help you through challenging deals? 10:00 What is a double-close transaction? 11:45 What is the best way to learn more about different types of deals? 13:04 How can telling people what you do help you grow in real estate? 14:40 What is Matt’s advice for people looking for their first wholesale deal? Links Document: JV Agreement https://www.dealmachine.com/jv David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 12 Apr 2024 - 15min - 150 - 135: 24 Min of Cold Calling Tips From The Philippines
AJ Abutazil shares 10 tips for successful cold calling in real estate. These tips include staying calm and collected, shifting your mindset, using a lukewarm cold calling strategy, customizing your approach, practicing active listening, following a script but being flexible, highlighting your unique value proposition, addressing concerns with empathy and authority, ending calls positively, and evaluating and adapting. AJ also discusses the importance of finding the right virtual assistant and emphasizes the need to focus on the process rather than just the end goal. Takeaways • Stay calm and collected during cold calls to create a relaxed and helpful atmosphere. • Shift your mindset from a self-centered approach to one focused on offering help and solutions. • Use a lukewarm cold calling strategy by making initial contact through mail marketing before following up with a call. • Customize your approach by tailoring each conversation to the information you have about the property and the person you're speaking with. • Practice active listening to truly understand what the other person is saying and make them feel heard. • Follow a script as a guide, but be flexible and adapt to the conversation. • Highlight your unique value proposition by emphasizing how you can help the person with their specific needs and problems. • Address concerns with empathy and authority, remaining respectful while asserting your expertise. • End calls positively, regardless of the outcome, by expressing gratitude and leaving the door open for future opportunities. • Evaluate and adapt your cold calling strategy by measuring your success and adjusting your approach as needed. • When hiring a virtual assistant, use a test project and paid training to find someone who is thoughtful and a good fit for your team. • Focus on the process rather than just the end goal, enjoying the journey and trusting that your efforts will pay off. Key Talking Points of the Episode 00:00 Introduction 01:59 Why is it important to stay calm and collected when cold calling? 03:34 What kind of mindset do you need to have when you’re cold calling? 05:16 What is a “lukewarm” cold calling strategy? 06:40 How can you personalize your approach when cold calling? 09:02 Why is it important to listen actively during the conversation with a lead? 10:02 What is the best way to open the conversation when cold calling? 11:17 Why is it important to not depend on a script when you’re cold calling? 12:45 How can you communicate a unique value proposition in the conversation? 13:51 What is the importance of empathy in seller conversations? 14:37 How can you exhibit authority when talking to difficult sellers? 15:40 How can you make sure all calls would end on a positive note? 16:45 Why should you treat every interaction as a sale? 18:25 How can you measure the success of your calls? 20:19 How can you find someone like AJ to work with you? 22:01 What can you do to make sure you’re finding the right people to work with you? 24:30 What is AJ’s advice for people looking for their first deal?
Wed, 10 Apr 2024 - 25min - 149 - 134: Unconventional Advice From A 20 Year Business Owner
This one's for anyone who wants to quit their job and start a business! In this episode, David Lecko and Ryan interview Robert Thomas Suleski, a real estate wholesaler with 20 years of experience. Robert shares his insights on driving for dollars and finding deals using different marketing methods. He emphasizes the benefits of driving for dollars and explains how technology like Deal Machine has made it easier and more efficient. Robert also discusses his approach to negotiating deals and networking with other investors. He shares his unconventional strategies for reaching out to potential sellers and finding motivated leads. Overall, Robert's experience and out-of-the-box thinking provide valuable lessons for anyone looking to succeed in real estate wholesaling. Takeaways • Driving for dollars is an effective and low-cost method for finding real estate deals. • Using technology like Deal Machine can streamline the process of driving for dollars and make it easier to find and contact potential sellers. • Networking with other investors and attending real estate meetups can help you find buyers for your deals. • Using ringless voicemails, text messages, and cold calling can be cost-effective ways to reach potential sellers. • Reaching out to a wide range of potential sellers, rather than focusing on specific lists, can lead to more leads and opportunities. Key Talking Points of the Episode 00:00 Introduction 01:01 How did Robert start wholesaling real estate? 02:10 What marketing strategy did Robert use to find his first deal? 03:56 What happened after Robert got a call from his first motivated lead? 04:52 Why is driving for dollars the cheapest way to find leads? 06:10 How can you identify the price that would work for a deal? 07:35 What book helped Robert when he was starting in real estate investing? 08:26 What is Robert’s background in real estate? 09:27 How much did Robert make on his first wholesale deal? 11:05 What is the easiest way to find off-market deals? 12:29 What kind of lists is Robert targeting for deals? 13:52 Why does the “everybody list” work for finding off-market deals? 16:50 Why is Robert not using scripts for cold calling? 18:23 What markets is Robert marketing to? 21:06 What is Robert’s advice for new investors looking for their first deal? Links Book: Are You Dumb Enough to Be Rich? https://www.amazon.com/Enough-Amazingly-Simple-Millions-Estate/dp/0814471773 Facebook: Robert Suleski https://www.facebook.com/robertthomas.suleski/
Mon, 8 Apr 2024 - 23min - 148 - 133: How To Make $30k On Your 2nd Real Estate Wholesale Deal
Today our guest made $5000 on his first real estate wholesale deal. He explains how he will make $30k on his next deal, and we help him get there efficiently with his time and money. Key Talking Points of the Episode 00:00 Introduction 01:42 What does Raemon do full-time? 04:04 What has Raemon done so far for wholesaling? 06:01 When did Raemon start looking for wholesale deals? 08:15 How did Raemon know that he could’ve made more on his first deal? 10:03 What could Raemon do better to find more deals? 11:06 How is the Deal Machine app helping Raemon find deals today? 13:40 What else can Raemon do to increase his chances of finding deals? 15:10 What are the challenges with using dialers to cold call leads? 17:01 What does Raemon want to get out of wholesaling? 22:02 What is Raemon’s biggest takeaway from this call? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 5 Apr 2024 - 23min - 147 - 132: Making $7,000 in Just ONE Week
Ronnie Robertson shares his experience with his first real estate wholesale deal, making $7,000 in just one week. He discusses the process of closing the deal and the timeframe involved. Ronnie explains how he found the deal using the Deal Machine app and his marketing strategy for reaching out to cash buyers. He also shares his preference for wholesaling vacant land and the benefits of doing so. Ronnie highlights the importance of finding a mentor and surrounding yourself with successful people in the industry. He concludes by discussing his goals for the future and his social media presence. Takeaways • Wholesaling vacant land can be a profitable niche in real estate. • Building a strong network and finding a mentor can greatly contribute to success in wholesaling. • Consistency and persistence in reaching out to potential leads is key to finding deals. • Surrounding yourself with successful people can help remove doubt and provide motivation. Key Talking Points of the Episode 00:00 Introduction 01:01 How much did Ronnie make on his first wholesale deal? 02:50 What strategy does Ronnie use to find sellers and buyers through Deal Machine? 03:51 How many calls did it take for Ronnie to find buyers that he can find deals for? 04:48 Why is it important to start with finding buyers before deals? 06:07 How did Ronnie know what price to put his deals under contract for? 08:16 Why does Ronnie prefer to wholesale vacant land? 10:18 What was Ronnie doing before he started wholesaling? 11:01 How has wholesaling changed Ronnie’s life? 14:03 What are Ronnie’s goals? 15:35 How can you get in touch with Ronnie? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 3 Apr 2024 - 17min - 146 - 131: Wholesaling While You Have a 9-5
In this episode we speak with a land surveyor who would like to earn more with wholesaling real estate. He has heard countless success stories and is ready to be the next. We cover tips to make your postcards to sellers better received, and how to get your first deal with the most efficient use of your money and time. Key Talking Points: [0:00:00] - Intro: Becoming your own boss through wholesaling. [0:01:04] - Hosts discuss their wholesaling success and strategies. [0:02:06] - Guest motivated by success stories and profit potential. [0:03:27] - Guest focuses on Denver market; eyes virtual wholesaling. [0:04:01] - Strategy: Driving for dollars and direct mail marketing. [0:05:29] - Importance of focused marketing for effective results. [0:06:16] - Combining postcards with cold calls and texts. [0:10:44] - Personal touches in marketing yield better connections. • Deal Machine App for "driving for dollars" and managing leads. • Fiverr for outsourcing tasks like lead generation. • The importance of setting up an LLC and using personal touches in marketing materials, though no specific websites were mentioned for these topics. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 1 Apr 2024 - 13min - 145 - 130: Should You Wholesale Locally?
If you feel suck at your job, and have tried wholesaling real estate with no luck, this one's for you! We speak with a custodian from Miami about his 3 months wholesaling. He was trying 5 different markets because Miami was too expensive... or is it??? Tune in to 10x your income and replace your W2 with wholesaling real estate. Key Talking Points of the Episode 00:00 Introduction 01:35 Why did Pallie get into wholesaling? 03:49 How much cold calling has Pallie done? 04:39 Why is it important to focus on one area when finding sellers? 06:50 How can you build momentum in a certain market? 10:20 What is holding Pallie back from finding his first wholesale deal? 11:19 How will scaling back help Pallie help him find his first wholesale deal? 12:33 What were the challenges in Pallie’s first conversation with a seller? 14:01 How can you keep a conversation going with a seller? 15:30 What is Pallie’s top takeaway from this call? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 29 Mar 2024 - 16min - 144 - 129: Getting Unstuck Lacking Confidence
If you're feeling unstuck trying to wholesale real estate, we help a first timer gain confidence speaking to sellers in order to give them an offer on their house so he can make a finders fee. Key Talking Points of the Episode 00:00 Introduction 00:35 Why did Giovanni want to get into wholesaling? 01:40 How does getting on conversations help build confidence? 02:22 What is the best way to approach seller leads? 04:04 How should the conversation with sellers go? 05:40 Why are multi-dialers not ideal for cold calling? 07:05 What is the best way to handle sellers fishing for prices? 09:04 How can role playing help build your confidence? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 27 Mar 2024 - 11min - 143 - 128: How To Sell Your Real Estate Wholesale Deal
Alex Bradley Escaped is 9-5 job in 2019 by making $7000 from a run down house that he found and passed to an investor who paid him a finders fee. He now specializes in helping new wholesalers sell their deal and we go into detail about how his process works. Key Talking Points of the Episode 00:00 Introduction 01:45 How did Alex start wholesaling real estate? 03:12 Why did Alex work for another wholesaler? 04:46 How does Alex’s business model work today? 06:22 How much time does Alex recommend for wholesale contracts? 07:18 How is Alex putting deals out in front of many buyers? 08:14 Why is this a good niche for new wholesalers? 09:37 How does Alex structure his deals with other wholesalers? 11:20 How does Alex decide where to send his leads? 12:25 What is the importance of communication in real estate investing? 13:44 How can you connect with Alex? Links Instagram: Alex Bradley https://www.instagram.com/alex_bradley/ David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 25 Mar 2024 - 15min - 142 - 127: Can You Wholesale Real Estate In A Small City?
House Flipper Ryan Fuller Asks for Advice Getting Started In Wholesaling Real Estate. Ryan Haywood has done 425 deals since 2019 in a small city and helps Ryan Fuller Dial In His Marketing Key Talking Points of the Episode 00:00 Introduction 01:20 Why does Ryan feel like he’s stuck? 02:23 What is the best way to approach list building? 03:34 How can you skip trace with Deal Machine? 06:03 What made Ryan want to start over in real estate investing? 07:46 What is Ryan’s goal with wholesaling? 08:37 How can Deal Machine help make wholesaling easier? 10:56 Why are bigger markets not always the best markets to be in? 12:26 What is the best way to find buyers in your market? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 22 Mar 2024 - 13min - 141 - 126: If You Feel Stuck At Your Job
Do you feel stuck at your job? This episode is for anyone that has spend 5 months trying to start a side hustle wholesaling real estate but has not made any money yet. Our guest Nicholas gets advice from a wholesaler who has done 425+ deals and feels "unstuck" by the end of the call. Key Talking Points of the Episode 00:00 Introduction 01:44 What is Nicholas’ background? 03:38 How did Nicholas find the duplex deal? 06:01 How did Nicholas reach out to his driving for dollars leads? 07:38 How many people did Nicholas show the duplexes to? 08:25 What can you do when sellers say they have another buyer? 10:50 What can Nicholas do better to get better results? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 20 Mar 2024 - 13min - 140 - 125: Are Eviction Properties The Most Discounted Real Estate?
Finding discounted real estate is the fastest way to get rich. There are many reasons a person would be motivated to sell their property at a discount. Today, we explore a highly motived list of people that is not talked about very often. Meaning you can find these deals without competing against as many other investors for the same deal. So if you've done a few deals, check out this episode on adding a new lead source to your real estate wholesaling business. Key Talking Points of the Episode 00:00 Introduction 02:31 Why should you consider marketing to eviction lists? 04:10 How can you access eviction lists in your market? 05:21 What questions will you need to answer to get bulk data records? 08:45 How much will it cost to get bulk data records? 10:25 Why is it still important to start with driving for dollars? 11:37 Why is there high potential in getting deals from eviction lists? 12:41 How can marketing to eviction lists help your community? Links Podcast: 078: 25 Motivated Seller Lists & Best Order To Approach Them https://podcasts.apple.com/us/podcast/078-25-motivated-seller-lists-best-order-to-approach-them/id1667656532?i=1000636896361 David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 18 Mar 2024 - 13min - 139 - 124: Top 3 Reasons Newbies Don't Get A Real Estate Deal
Have you been looking for a real estate deal for over 3 months? You are likely struggling with one of the following 3 things: 1. Analysis Paralysis (not having a process) 2. Shotgun approach to finding sellers 3. Lack of action, thinking you're missing motivation Learn to solve these problems by listening to solutions from Zack Boothe ($1 Million Annual Revenue from Wholesaling Real Estate) Wholesaling is a strategy 70% of real estate investors start with. It allows them to make big checks for finding ugly run down houses, while practicing their deal-finding skills. Tune in to this podcast to 10x your income and replace your W2 with Wholesaling Real Estate! Key Talking Points of the Episode 00:00 Introduction 00:45 What does it feel like to be stuck when building a business? 02:46 What is wholesaling real estate? 03:28 What is analysis paralysis? 04:19 Why do people fall into analysis paralysis? 05:15 How can you overcome analysis paralysis? 06:36 What is the importance of taking action in real estate investing? 07:56 How will finding the right mentor help you achieve your goals? 08:44 How can you find the right mentor for yourself? 10:04 What is the hardest part of real estate investing? 12:31 Why is consistency important when you’re marketing in real estate? 14:25 What is the importance of your faith and belief in your success? 15:44 What is the best way to approach a marketing strategy? 16:11 What are the benefits of driving for dollars to find leads? 20:15 How can taking action help you find more deals? 21:50 What do new investors today really need to understand? Links Youtube: 40-Day Wholesaling Challenge https://youtube.com/playlist?list=PLllCT_EWOAmU3SK1t-BaGeQFr6DeSnB3N&si=Jyl-rZyayacg_Qe5 Podcast: 111: 3 Seller Objections Handled For You with Zack Boothe https://podcasts.apple.com/us/podcast/111-3-seller-objections-handled-for-you-with-zack-boothe/id1667656532?i=1000645286752 David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 15 Mar 2024 - 24min - 138 - 123: Aerospace Engineer Escapes 9-5 Wholesaling Real Estate
If you wouldn't want to trade places with your boss, then that's a sign you should find another job or start a business." That's when our guest Deshan knew he needed to pave his own way by starting a business. In this episode, David Lecko interviews Deshan Hillman, a successful wholesaler in the DFW market of Texas. Deshan shares his journey into wholesaling, starting with his first wholesale deal that earned him $10,000. He explains how he found the deal through a pocket listing and worked with a contractor to assess the property. Deshan also discusses the importance of transparency in deals and building a buyer's list. He shares his experience working with a partner and offers advice for beginners in the wholesaling industry. Overall, Deshan's story highlights the potential for success in wholesaling and the importance of taking action and seeking mentorship. Takeaways • Start with a base level of information before getting into wholesaling, either through research, mentorship, or joining a community. • Transparency and professionalism are key in building trust with sellers and buyers. • Building a buyer's list is crucial for finding buyers quickly and efficiently. • Consistency and goal-setting are important for scaling and growing a wholesaling business. • Working with a partner can have its challenges, but clear division of responsibilities and effective communication can lead to success. Key Talking Points of the Episode 00:00 Introduction 01:07 How did DeShan start wholesaling real estate? 02:16 How did DeShan find his first wholesale deal? 03:19 What is a pocket listing? 05:01 How does consistency in wholesaling build your confidence? 06:23 How did DeShan build his first buyers list? 07:04 What kind of buyers did DeShan have on his list? 08:13 How many buyers are on DeShan’s buyers list today? 09:39 What is DeShan’s background? 10:23 Why did DeShan want to do something on his own? 11:41 How much has DeShan’s wholesaling business grown? 12:57 What is DeShan’s goal for their wholesaling business in 2024? 13:47 How are the responsibilities divided between DeShan and his partner? 14:13 What is DeShan’s advice to new wholesalers? 15:25 How can you connect with DeShan? Links Instagram: DeShan Hillman https://www.instagram.com/deshanhilman David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 13 Mar 2024 - 16min - 137 - 122: We Helped 1 New Biz Owner Overcome Analysis Paralysis
I posted in the DealMachine Community Facebook group who was wholesaling and felt stuck and would like to receive advice from a wholesaler who has done over 400 deals. Jeff Rose responded and today we gave him advice on his situation where he didn't know which marketing methods to use to start wholesaling. Most of our advice on this podcast is for people who have more time than money to start their business. But Jeff actually had more money than time. Tune in to learn how to replace your W2 with wholesaling real estate. Key Talking Points of the Episode 00:00 Introduction 01:55 Why does Jeff want to do wholesaling? 03:52 How did Jeff find his first wholesale deal? 04:41 How is Jeff building a driving for dollars list? 05:45 What strategy will Jeff use to reach out to their leads? 06:31 What is the best way to reach out to leads when you have a busy schedule? 09:40 How can you design your postcards for direct mail through Deal Machine? 11:47 What information should you include in your postcard? 12:51 How many leads should you be generating when you start wholesaling? 14:44 What should your approach be when you start generating leads? 17:20 What are the top things you can do if you’re just starting to wholesale real estate? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 11 Mar 2024 - 18min - 136 - 121: How To Be A Millionaire As An American
This one's for anyone working a nine to five job wondering, how can I become a millionaire? Our guest Nasar El Arabi today shows how wholesaling real estate allows you to find great deals, even if you don't have all of the money to buy more than one or two rental properties and amass a seven figure net worth. This is the podcast for 10Xing your income and replacing your W-2 with wholesaling real estate, a strategy where you can find rundown houses and make big checks by passing them off to real estate investors. Key Talking Points of the Episode 00:00 Introduction 01:13 How did Nasar make $2000 on his first wholesale deal? 02:05 What was Nasar’s first wholesale deal like? 05:16 How did Nasar renegotiate the price of his first wholesale deal? 06:20 What did Nasar discover in his first wholesale deal? 09:08 How did Nasar move forward from his first wholesale deal? 12:02 Why did Nasar continue investing in real estate? 15:16 When did Nasar decide to build a rental portfolio? 17:15 How did Nasar learn about creative real estate investing? 20:16 How can you connect with Nasar? 21:10 What is Nasar’s advice for people who want to get into real estate investing? Links Instagram: Nasar El Arabi https://www.instagram.com/realestatedoru Website: First Flip Challenge https://www.firstflipchallenge.com/get-ticket
Fri, 8 Mar 2024 - 22min - 135 - 120: Teacher Made $7000 In 9 Days With Her Side Hustle
In this conversation, Ms. Derby shares her journey from being a teacher to becoming a successful real estate investor, specifically in wholesaling vacant land. She explains how she transitioned from her teaching job to real estate investing and found success through tax deed auctions. Ms. Derby also discusses her marketing strategies for finding motivated sellers, including text messaging, cold calling, and mailers. She emphasizes that anyone can succeed in wholesaling land, especially those looking to transition from a nine-to-five job. Additionally, she shares her experience working with developers and home builders, and how she has been able to 10x her income by focusing on land wholesaling. Ms. Derby concludes by highlighting the importance of making a difference and sharing knowledge with others. Key Talking Points of the Episode 00:00 Introduction 01:12 How did Ms. Dherby get into wholesaling? 02:19 Why did Ms. Dherby decide to stop teaching? 03:23 How is Ms. Dherby using her teaching experience in real estate today? 04:26 How did Ms. Dherby find her first wholesale deal? 06:43 Where can you find tax lien lists? 07:07 What marketing strategies does Ms. Dherby use for seller leads? 08:15 What strategy does Ms. Dherby use for SMS marketing? 09:46 How can you make cold texting campaigns work today? 10:43 What software does Ms. Dherby use to run her text campaigns? 11:39 Who are the people who can find success in wholesaling vacant land? 12:45 What is Ms. Dherby focused on today? 13:12 Why did Ms. Dherby decide to get into working with developers? 15:21 How does Ms. Dherby work with developers today? 16:51 How can you connect with Ms. Dherby? Links Instagram: Ms. Dherby https://www.instagram.com/ms_dherby/ Podcast: Landing the Deal Podcast https://wholesalinglandqueen.com/podcast/ David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 6 Mar 2024 - 17min - 134 - 119: How To Shrink a Large Gap in Offer Price
"My wife and I took a 5 day vacation. While we were gone our dispositions manager locked down 4 contracts, our top deal finders added 30 properties to Deal Machine, our VA made a bunch of calls and set up 2 appointments. I locked down 2 JV deals driving back today. Man we’re small but our team is legit. We are super happy and proud!" That's a post our guest Phillip Placencia made in the DealMachine Community group in 2019. We check in with him today. This is the podcast for 10xing your income and replacing your W2 with wholesaling real estate, a strategy where you make big checks for finding run down houses. Our guest also shares a framework for addressing a large gap in offer price vs what the seller will accept that you won't want to miss. In this conversation, David Lecko interviews Phillip Placencia, a successful wholesaler. Phillip shares his experience of making $7,500 on his first wholesale deal and provides valuable insights into negotiating with sellers and addressing price gaps. He emphasizes the importance of building trust and providing value to sellers. Phillip also discusses his transition from corporate America to full-time real estate investing and the growth of his business. He highlights the benefits of starting with wholesaling and shares his future plans for a development company and a tiny home community. Takeaways • Wholesaling is a great way to start in real estate as it teaches sales and marketing skills, negotiation, and the legalities of real estate. • Building trust and providing value to sellers is crucial in negotiations. • Hiring the right team members is essential for scaling a wholesaling business. • Social media, especially platforms like Facebook, can be a powerful tool for building a brand and generating referrals. • Wholesaling can be a stepping stone to other real estate ventures, such as development projects. Chapters 00:00 Introduction and First Wholesale Deal 01:34 Making Offers and Negotiating with Sellers 04:17 Providing Value to Sellers 06:15 Addressing a Large Gap in Offer Price 08:12 Preventing Disappointment for Sellers 10:28 Transitioning from Corporate America to Wholesaling 12:57 Hiring and Building a Team 15:26 Future Plans and Expansion 20:40 Starting with Wholesaling 23:18 Possibility of Meeting in Person David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 4 Mar 2024 - 24min - 133 - 118: 23 Year Old Makes $20k Wholesaling A Vacant Lot
If you want to own apartment buildings, but don't have the money or skills yet... Our guest today was inspired by Youtube to try wholesaling real estate: a strategy where you can earn big checks and build your skills by finding run down properties. Or... in our guests case, he wholesaled a vacant lot! Tune in to 10x your income and replace your W2 thru the Wholesaling Real Estate Strategy Key Talking Points of the Episode 00:00 Introduction 02:41 How did a change in mindset help Carlos succeed in selling cars? 04:39 When did Carlos start wholesaling real estate? 05:23 How did Carlos learn about wholesaling land properties? 07:27 Why did Carlos decide to focus on the deals they had under contract? 08:13 What was it like for Carlos to close his first wholesale deal? 09:29 Why is it important to be resilient if you want to succeed? 11:26 What made Carlos decide to quit selling cars to wholesale properties? 15:02 How did Carlos find his first wholesale deal? 16:31 What is the best way to find wholesale deals today? 18:28 How can you start marketing to sellers? 19:20 How can you identify the value of land you’re wholesaling? 21:12 What are the biggest advantages of wholesaling land? 22:19 How can you get better at talking to sellers? 23:06 How can you connect with Carlos? 24:22 What are Carlos’ goals for 2024? Links Instagram: Carlos Hernandez https://www.instagram.com/saint.hernandz/ David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 1 Mar 2024 - 25min - 132 - 117: Should Real Estate Wholesalers Find A Buyer First?
This is for anyone who wants to quit a job that they hate and build a life in a business that they love using a proven business model. On this podcast, we cover real estate wholesaling, which is a proven business model. And we've got guests that made as much as $30,000 just for finding a rundown house and passing that to an investor and making a finder's fee. Our guest today alleviates the anxiety that I hear is the most number one complaint from a brand new person when they're thinking about "How can I possibly make that much from finding a rundown house?" And our guest Nathan Payne talks about finding your end investor buyer first. And so he's going to tell a story how he made five grand on his first deal, but then how he's evolved his model so he can make more on each property stress-free by finding the buyer first. Key Talking Points of the Episode 00:00 Introduction 01:17 How did Nathan make $5K on his first wholesale deal? 02:28 What was Nathan’s first business partnership like? 03:17 How did Nathan market his first wholesale deal to their buyer? 04:03 How did Nathan renegotiate the deal with their seller? 05:06 What is the Payneless Way to find wholesale deals? 06:42 What is the best way to find good buyers in your market? 07:51 Where can you learn more about the Payneless Way? Links Free Trial: Deal Machine App https://dealmachine.com/pod Youtube: Payneless Flipping https://www.youtube.com/channel/UCWFne3oh5MZgWoJ5H-aGQXA Podcast: 095: 9 Ways To Find A Buyer for Wholesaling Real Estate https://podcasts.apple.com/us/podcast/095-9-ways-to-find-a-buyer-for-wholesaling-real-estate/id1667656532?i=1000640885675 David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 28 Feb 2024 - 08min - 131 - 116: Setting Expectations with Your Seller
Want to get into wholesaling but unsure what happens once you get a deal under contract? Today we cover how to set expectations with your seller to ensure a smooth and successful deal that closes on time and gets you paid. Summary In this episode, Ryan discusses the importance of setting expectations for sellers in real estate wholesaling. He emphasizes the need to communicate clearly and regularly with sellers to minimize their anxiety and stress throughout the transaction. Ryan also highlights the significance of due diligence, finding a buyer, and presenting the purchase agreement confidently. He provides insights into the next steps after signing the contract, including title work, inspections, and communication with the seller. Ryan advises on handling delays and extensions, as well as the importance of providing regular updates to build trust and credibility with sellers. He concludes by emphasizing the value of creating a positive experience for sellers to generate referrals and repeat business. Takeaways • Setting clear expectations with sellers is crucial in real estate wholesaling to minimize anxiety and stress. • Regular communication and updates with sellers help build trust and credibility. • Due diligence, finding a buyer, and presenting the purchase agreement confidently are essential steps in the process. • Handling delays and extensions professionally and transparently is important for maintaining a positive relationship with sellers. Key Talking Points of the Episode 00:00 Introduction 01:21 Why is it important to set expectations with sellers upon signing the contract? 02:10 What are the benefits of setting seller expectations early in the deal? 04:20 How can your contract affect your confidence during the deal? 05:48 What should happen after getting the contract signed by the seller? 07:38 What is the importance of keeping your seller updated through every step? 10:07 What could happen if you do not communicate with sellers throughout the deal? 11:37 Why is it important to not give your sellers false expectations? 13:34 How can including seller expectations in your process help make deals easier? 15:08 Why is it important to focus on the experience you’re creating for sellers? Links Free Resource: Wholesaling Contract https://dealmachine.com/contract David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 26 Feb 2024 - 17min - 130 - 115: If Your Deal Fails To Close
This podcast episode focuses on the business model of wholesaling real estate and provides tools and strategies to prevent sellers from backing out of deals. The host, David Lecko, shares his experience and insights on how to handle situations where sellers fail to close on a deal. The episode covers the importance of contracts, specifically the purchase agreement, the use of a notice of interest to prevent sellers from selling the property to someone else, and the benefits of working with an attorney. The episode concludes with advice for new real estate investors. Takeaways • Wholesaling real estate involves finding distressed sellers and getting their properties under contract to sell to buyers at a higher price. • Contracts, such as the purchase agreement, are essential to protect the time and investment put into finding a deal. • A notice of interest can be filed to prevent sellers from selling the property to someone else while working out differences. • Working with an attorney can help enforce contracts and resolve issues with sellers who fail to close on a deal. Key Talking Points of the Episode 00:00 Introduction 01:01 How does wholesaling real estate work? 04:13 What tools can you use to ensure your deals will close? 05:05 What are the parts of the contract we use for wholesaling? 10:23 What is the purpose of an assignment contract? 11:43 How can a Notice of Interest help you when a seller doesn’t close on a deal? 14:40 Why is it important to work with an attorney to help you with a seller who won’t close? 16:37 What is the best way to approach analysis paralysis? Links Podcast: 011: From Struggling to Making $105k on Their 3rd Deal feat. The Polites https://podcasts.apple.com/us/podcast/011-from-struggling-to-making-%24105k-on-their-3rd-deal/id1667656532?i=1000608582746 Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Free Resource: Wholesaling Contract https://dealmachine.com/contract Free Resource: Assignment Contract https://dealmachine.com/assignment-contract David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 23 Feb 2024 - 17min - 129 - 114: How To Get Strangers To Send You Real Estate Deals
Have you hired a driver to help you look for run down houses that quit on you? Here's why your driver quit! This one's for anyone who's actually working on quitting their W-2 job to start wholesaling real estate: a strategy for making big checks from finding ugly houses. If you've got a solid W2, you can hire someone to look for run down houses for you. There's 3 payment structures for hiring a driver to look for run down houses. I will tell you why your past drivers have quit, and how to hire and retain them going forward. I've had the same driver with me for 3 years, and have coached hundreds of DealMachine team members on doing the same. Summary In this episode, David Lecko discusses the different payment structures for hiring a driver for driving for dollars in real estate wholesaling. He explains the three payment methods: paying by the hour, paying by the number of rundown houses found, and paying a bonus for closed deals. He emphasizes the importance of setting expectations, ensuring accountability, and having regular check-ins with the driver. Lecko also provides tips for screening and testing potential drivers and highlights the significance of having a contract to outline the payment structure and protect both parties. Overall, this episode provides valuable insights for anyone looking to hire a driver for driving for dollars. Takeaways • There are three payment structures for hiring a driver for driving for dollars: paying by the hour, paying by the number of rundown houses found, and paying a bonus for closed deals. • Paying by the hour is often the most effective payment method as it provides stability for the driver and ensures they are motivated to work consistently. • Setting clear expectations and having regular check-ins with the driver are crucial for maintaining productivity and accountability. • Screening and testing potential drivers before hiring them can help ensure they are serious and committed to the job. • Having a contract that outlines the payment structure and other important details is essential for protecting both parties and maintaining a professional relationship. Key Talking Points of the Episode 00:00 Introduction 01:18 What payment methods work best for hiring drivers to drive for dollars? 02:03 Why is it not ideal to only pay a finder’s fee for drivers building you a list? 04:05 What is the best way to pay drivers to drive for dollars for you? 05:07 When would it be practical to not pay by the hour? 06:16 How can you make the most of paying someone by the hour to drive for dollars? 07:10 What will make people want to drive for dollars for you more than for other jobs? 08:03 Why is it important to set the right expectations with drivers you’re going to hire? 09:07 Why is it important to meet with your drivers regularly once they start working with you? 11:10 How will this strategy work for you as a real estate investor? 12:47 What strategy do we use to make sure the drivers we hire are serious about the opportunity? 14:37 What kind of contract can you use to secure your working relationship with your drivers? Links Podcast: 075: Make $10k-24k from Certain Down Houses with David Lecko https://podcasts.apple.com/us/podcast/075-make-%2410k-24k-from-certain-down-houses-with-david-lecko/id1667656532?i=1000635664435 Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Free Resource: Driver Contract https://www.dealmachine.com/drivercontract David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 21 Feb 2024 - 15min - 128 - 113: 17 Minutes of Real Estate Marketing Tips for 2024 with Ryan Haywood
Are you frustrated that you have to ask your boss permission to take a vacation? In this podcast, we teach you how to be your own boss through the proven business model of wholesaling real estate. Wholesaling real estate allows you to make big checks for finding ugly houses. Ryan leads this episode today, on marketing tips for finding those ugly houses. He quit his job in 2019 making $8500 on his first ugly house and has done 420 deals since then. Summary In this episode, Ryan shares his strategy for marketing in real estate wholesaling. He discusses the importance of driving for dollars and creating a mailing campaign. He also emphasizes the design of effective postcards and the impact of personalization. Ryan explains the value of multiple touch points with leads, including postcards and cold calling. He highlights the importance of consistency and having a clear process in order to achieve success in wholesaling. Takeaways Driving for dollars is an effective way to identify distressed properties for wholesaling. Designing postcards with personalization, including a picture and a personalized message, can increase response rates. Utilizing multiple touch points, such as postcards and cold calling, can improve the chances of connecting with potential sellers. Consistency and having a clear process are key to achieving success in real estate wholesaling. Key Talking Points of the Episode 00:00 Introduction 02:04 What is driving for dollars? 03:09 How does the appearance of your mail piece affect your strategy? 04:26 How do we design the postcards we mail out to our leads? 05:44 What makes our postcard design stand out from others? 07:05 What makes a personalized postcard more effective for direct mail? 08:28 How can you make sure your direct mail campaign is effective? 10:08 What is the best way to handle phone conversations with your leads? 12:04 How can the presentation of your offer make a change in the conversation? 13:32 Why should you market to your leads more than once if they don’t respond? 14:56 How can this strategy help you get in touch with more leads? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 19 Feb 2024 - 16min - 127 - 112: House Flipping More Profitable Than Wholesaling Real Estate?
Are you tempted to borrow private money and flip a house? Today I interviewed a house flipper who transitioned to full time wholesaling. You'll be surprised to hear why he chooses wholesaling real estate as his business model of choice after 20 years in the business. Summary Matt DuPre shares his journey in wholesaling real estate, starting with accidental discovery and transitioning from fix and flipping. He discusses the effectiveness of direct mail and using DealMachine for marketing. Matt also explains how he finds buyers for his wholesale deals and offers advice for those starting out in wholesaling. He emphasizes the importance of belief and perseverance in the industry and offers support to new wholesalers. Takeaways • Wholesaling can be a profitable alternative to fix and flipping, allowing for quicker and less risky transactions. • Direct mail can be an effective marketing strategy in wholesaling, especially when combined with other channels like texting and cold calling. • Cash buyers lists and social media platforms like Facebook can help find buyers for wholesale deals. • Belief and perseverance are key in succeeding as a wholesaler, and it's important to adapt to market changes and buyer preferences. • Support and guidance from experienced wholesalers can be valuable for those starting out in the industry. Chapters 00:00 Introduction and Background 02:21 Discovering Wholesaling as an Alternative to Fix and Flipping 05:19 Earning Higher Assignment Fees in Wholesaling 07:48 Marketing Strategies and Finding Motivated Sellers 10:11 The Effectiveness of Direct Mail in Wholesaling 12:18 Using Deal Machine for Data and Marketing 13:37 Finding Buyers for Wholesale Deals 15:43 Using Cash Buyers Lists to Sell Wholesale Deals 17:24 Adapting to Market Changes and Buyer Preferences 21:30 Transitioning from Fix and Flipping to Wholesaling 22:18 Finding Buyers for Wholesale Deals 24:03 Advice for Starting Out in Wholesaling 26:02 Balancing Wholesaling with a Full-Time Job 27:57 Using Social Media to Connect with Others in the Industry 29:40 Offering Support and Guidance to New Wholesalers 29:59 Conclusion David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 16 Feb 2024 - 31min - 126 - 111: 3 Seller Objections Handled For You with Zack Boothe
This is the podcast for 10Xing your income and replacing your W-2 with wholesaling real estate, a strategy where you can make big finders fees for finding rundown homes. In this conversation, Zack Boothe shares his strategies for handling objections when trying to get a contract signed. He emphasizes the importance of setting expectations upfront and pre-closing the seller to avoid objections later. Zack discusses three common objections: the need to talk to someone, the need to review with an attorney, and the desire to sleep on the decision. He provides practical tips and scripts for overcoming each objection and encourages listeners to practice and improve their negotiation skills. Takeaways • Set expectations and pre-close the seller to avoid objections later. • When faced with the objection of needing to talk to someone, ask curiosity questions to understand their concerns and offer solutions to involve the person they want to consult. • When faced with the objection of needing to review with an attorney, validate their need for legal advice and offer alternatives such as reading through the agreement together or giving them time to consult their attorney. • When faced with the objection of needing more time, express understanding and offer a timeframe for signing the contract, while still giving them the option to cancel if they change their mind. • Remember to be human in sales and treat the seller with respect and empathy. • Practice negotiation skills by recording and reviewing appointments, and continuously improve through self-reflection and learning. Key Talking Points of the Episode 00:00 Introduction 01:37 What are the top 3 reasons people don’t sign your contracts? 02:32 How can pre-closing help you overcome seller objections? 04:38 What is the importance of the first call with a seller? 05:22 What can be the challenge when you have a lead manager reaching out to sellers? 08:45 What is the best way to overcome objections from sellers? 11:37 What can you learn about negotiation from reading Never Split the Difference? 14:25 How can you overcome succeeding objections from sellers? 18:13 What can you do to avoid being shopped around by sellers? 21:31 What is the reality behind sellers wanting to sleep on the offer you’re making? 23:47 What makes sales challenging for most people? 25:47 How can your approach be the thing that’s preventing you from closing deals? 27:07 How can you get better at closing more deals? Links Book: Never Split the Difference https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788
Wed, 14 Feb 2024 - 29min - 125 - 110: Make $15,000 Finding A Run Down House in Houston with Lupi G
Are you somebody that KNOWS entrepreneurship is for them and want a proven business to go ""all in"" on? Our guest made $15,000 from a run down house and has built a lucrative business ""wholesaling real estate"" - a way to make a finders fee for finding a run down house. Tune in to hear how our guest ""Level Up Property Investment Group"" aka LUPI G, has completely changed his life in Houston, Texas Key Talking Points of the Episode 00:00 Introduction 01:03 How did Lupi get in touch with the seller of his first wholesale deal? 02:02 What were the numbers on Lupi’s first wholesale deal? 03:00 How did Lupi find a buyer for his first wholesale deal? 04:36 What was Lupi’s easiest deal like? 05:44 How did Lupi find his easiest wholesale deal? 06:43 How has wholesaling changed Lupi’s life? 08:36 What was Lupi’s experience in changing his life with real estate? 10:48 How can you connect with Lupi? Links Instagram: Lupi G https://www.instagram.com/global_l.u.p.i._g/ David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 12 Feb 2024 - 11min - 124 - 109: $30k First Deal Wholesaling Real Estate with Matthew Hintz
Matthew Hintz shares how he made $30,000 on his first wholesale deal and how he started his business to help a friend. He explains the process of finding inherited properties at the courthouse and how they found buyers and closed the deal. Matthew also provides tips for effective cold calling and strategies to avoid spam filters and improve contact rates. He discusses the importance of driving for dollars and knocking on doors, as well as setting goals for the business. Finally, he talks about using DealMachine for granular mailing campaigns, and leveraging its features for unlimited contact info and routing. Takeaways • Wholesaling can be a lucrative business if done right, even for beginners. • Driving for dollars and knocking on doors can be an effective way to find distressed properties. • Building relationships with realtors can be beneficial for wholesalers. • Using tools like Deal Machine can streamline the wholesaling process and improve contact rates. • Setting specific goals and having a recovery mindset can lead to success in wholesaling. Key Talking Points of the Episode 00:00 Introduction 01:02 How did Matthew make $30K on his first wholesale deal? 03:41 Where did Matthew meet his first business partner? 04:43 What was Matthew’s first lead source for wholesale deals? 06:33 How did Matthew reach out to the probate leads they listed? 07:46 What are the best ways to cold-call leads today? 10:48 How should you register the phone numbers you use for cold calling? 12:08 What is the best way to find success in driving for dollars? 16:57 What did Matthew do after closing his first wholesale deal? 19:09 How has Matthew’s driving-for-dollars process changed since his first deal? 20:33 What are Matthew’s goals for 2024? Links Free Trial: Deal Machine App https://www.dealmachine.com/pod David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 9 Feb 2024 - 21min - 123 - 108: The Way 90% of Real Estate Investors Start with Anisa Crespo
This one's for anyone who wants to be a real estate investor, but doesn't have the money to buy unlimited rental properties or flips. Our guest, Anisa fell in love with wholesaling real estate, where instead of taking a property down as a rental, she could make $12,000 from it right away, move on to the next deal and build her cash reserves up. She started by reaching out to motivated sellers in Facebook groups and built relationships with real estate agents. Anisa explains the benefits of wholesaling, such as not having to purchase a property and avoiding market volatility. She discusses the challenges of negotiating deals and finding cash buyers. Anisa also shares her goals for scaling her business and her strategies for determining offer prices. She highlights the importance of using DealMachine for driving for dollars and direct mail campaigns. Takeaways • Wholesaling real estate involves reaching out to motivated sellers and building relationships with real estate agents. • The benefits of wholesaling include not having to purchase a property and avoiding market volatility. • Negotiating deals can be challenging, but it's important to be conservative with repair costs and provide tangible evidence to sellers. • Finding cash buyers involves using strategies like posting deals in Facebook groups and reaching out to investors who have purchased properties for cash. Key Talking Points of the Episode 00:00 Introduction 00:48 How did Anisa get started in wholesaling real estate? 02:18 How long did it take for Anisa to find a motivated seller? 03:18 What made Anisa look into wholesaling real estate? 04:40 Why is Anisa reluctant to buy properties? 05:32 What motivated the seller of Anisa’s first wholesale deal? 06:35 What challenges did Anisa face when she started looking for wholesale deals? 07:30 What was it like for Anisa to do her first wholesale deal? 08:20 How did Anisa make the offer for her first wholesale deal? 10:00 How did Anisa find a buyer for her first wholesale deal? 11:11 What marketing channels does Anisa use to market to buyers? 12:47 What are Anisa’s goals for 2024? 13:25 How does Anisa choose an exit strategy for a deal? David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 7 Feb 2024 - 15min - 122 - 107: 5 Offers Daily for $10k Monthly with Cole Stephenson
Cole Stephenson shares his experience of making $10,000 on his very first wholesale deal. He started by consuming free content from Jerry Norton and participating in his challenge to make five offers a day. Cole used online platforms like Facebook Marketplace and Craigslist to find motivated sellers. He developed a texting script and focused on building rapport with sellers to identify their motivation. Cole secured his first deal by offering 70% of the estimated after-repair value (ARV) and negotiating with the seller. He found a buyer through a contact in the industry and closed the deal successfully. Cole plans to scale his business and acquire 20 properties for long-term rentals. Takeaways Consuming free content and participating in challenges can provide valuable knowledge and guidance for getting started in wholesaling. Building rapport with sellers and understanding their motivation is crucial for securing deals. Negotiating skills and the ability to analyze numbers are essential in wholesaling. Finding a reliable buyer and closing the deal successfully are key to making a profit in wholesaling. Key Talking Points of the Episode 00:00 Introduction 00:51 How did Cole make $10K on his first wholesale deal? 01:45 How did Cole find his first wholesale deal? 02:37 What was Cole looking for when he was reaching out to leads? 04:38 How did Cole run the numbers for his first wholesale deal? 06:31 What is the importance of building rapport with sellers? 08:57 Why is due diligence critical in real estate investing? 10:36 How did Cole find the buyer for his first wholesale deal? 12:51 What was Cole’s first JV experience like? 16:13 What does Cole’s strategy for finding sellers look like today? 19:10 Why did Cole decide to get into wholesaling real estate? 21:35 How much has Cole’s life changed since getting into wholesaling? 23:47 What is Cole looking forward to in 2024? Links Podcast: 097: 6 Ways To Help Someone In Foreclosure with Devin Robinson https://podcasts.apple.com/us/podcast/097-6-ways-to-help-someone-in-foreclosure-with-devin/id1667656532?i=1000641409769 David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 5 Feb 2024 - 25min - 121 - 106: How To Make $20,000 Per Month Wholesaling Real Estate
Dominique Brown shares his journey into wholesaling real estate, starting with his discovery of the concept through an interview on the Breakfast Club. After getting fired from his job, Dominique decided to pursue wholesaling and partnered with a friend who was a real estate agent. They began driving for dollars and found their first deal, a hurricane-damaged property. They sold the property through a partnership with Net Worth Realty and made a profit of $7,000. Dominique has since completed over 50 deals and continues to build his buyer's database. Takeaways Wholesaling real estate can provide an entrepreneurial opportunity for those who are not suited for traditional nine-to-five jobs. Driving for dollars is an effective strategy for finding distressed properties to wholesale. Networking with experienced wholesalers and real estate agents can help beginners learn the ropes and find buyers for their deals. Building a buyer's database and utilizing email marketing can help wholesalers quickly sell their properties. Key Talking Points of the Episode 00:00 Introduction 01:14 What is Dominique’s background? 11:03 How has Dominique’s success impacted his lifestyle? 19:45 How has Dominique’s childhood impacted the way he approaches real estate? 21:22 Why is it important to focus on one thing if you want to succeed? 22:01 What was it like for Dominique to buy his first duplex? 26:32 How did Dominique find his first few off-market deals? 33:02 Why is it important to calculate your BRRRs accurately? 39:35 What does Dominique’s portfolio look like today? 42:03 How did Dominique make his business sustainable through market cycles? 47:16 What is Dominique’s favorite deal like? 54:26 Why is it important to get better at hiring people for your business? 57:27 What lessons did Dominique learn from his favorite deal? 58:28 What is Dominique’s least favorite deal? 01:07:34 What lessons did Dominique learn from his least favorite deal? 01:10:51 Why are relationships important in real estate investing? 01:19:01 What is Dominique's advice to his younger self? 01:21:10 What is the most overlooked or overhyped investing strategy today? 01:24:02 How can you connect with Dominique? Quotables “That’s a great thing as an investor – to actually hold your properties because it’s one of the things that set people apart, in the long run, is who has actually ridden through that time and allowed these properties to appreciate versus constantly selling and turning and chasing your tail to some degree.” “I think it’s good to have a default setting of I’m gonna try to hang on to these and then when there’s really moments and times where it makes sense to let go of a property, then do so, but for it to be sort of Plan B and not Plan A.” “If there are scenarios where you can own real estate and it didn’t really cost you anything, and now you’re getting the mortgage paid down and the appreciation and cash flow, then that’s great too.”
Fri, 2 Feb 2024 - 19min - 120 - 105: Firefighter Sees Run Down Houses & Makes $9600 with Tyvon Davis
Tyvon Davis shares his journey in wholesaling, starting with how he made $9,600 on his very first deal. He explains how he found the opportunity, negotiated with the seller, and found a buyer for the property. Tyvon also discusses his motivation for getting into wholesaling and his goals for the future. He shares his experiences with hiring virtual assistants and scaling his business. Tyvon emphasizes the importance of multiple outreach and follow-ups in lead generation. He also discusses the benefits of being a firefighter and the potential for finding leads in that role. The conversation concludes with recommended listening and a message of gratitude. Takeaways Start researching and learning about wholesaling before taking action. Building relationships with sellers and buyers is crucial in wholesaling. Estimate repair costs and determine the offer price based on market analysis. Implement multiple outreach strategies and follow up consistently with leads. Key Talking Points of the Episode 00:00 Introduction 01:02 How did Tyvon make $9600 on his first wholesale deal? 03:30 Where did Tyvon find a buyer for his first wholesale deal? 04:31 How did Tyvon access the property after getting it under contract? 05:33 How did Tyvon figure out the ARV for his first wholesale deal? 07:36 What was Tyvon’s presentation of the deal like? 08:11 What roadblocks did Tyvon encounter with his first wholesale deal? 09:02 How did Tyvon get into wholesaling? 11:16 How did Tyvon find his second deal? 12:20 What did Tyvon do with the first assignment fee he made? 13:25 What was Tyvon’s plan when he first hired virtual assistants for his business? 15:09 What are Tyvon’s plans for his real estate business today? 16:34 Why is Tyvon still working full-time as a firefighter? 17:04 How does Tyvon plan to use his full-time job to support his real estate business? 18:17 What does Tyvon look for when driving for dollars? 19:08 What does Tyvon’s driving-for-dollars strategy look like today? 20:43 How many deals would it take for Tyvon to do real estate full-time? 22:20 How can you connect with Tyvon? Links Youtube: Tyvon Davis https://www.youtube.com/channel/UCHbBgo3xMqtmjLLaZ2v4THg David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 31 Jan 2024 - 25min - 119 - 104: When To Hire & Trends for 2024 Wholesaling Real Estate with Jason Medley
Curious when to hire your first employee so you can own a business that runs itself? Jason Medley discusses the importance of scaling yourself before scaling your business. He emphasizes the need to elevate your level of efficiency and maximize your potential before hiring multiple positions. David Lecko shares the mistakes and lessons he learned when hiring assistants and highlights the significance of delegation and efficiency. He also discusses the importance of consistency and predictability in business growth. Additionally, Medley talks about the value of follow-up in lead generation and the current marketing trends in the industry. Finally, he introduces CG Elevate, a community for investors looking to double their deal flow. Takeaways • Before scaling your business, focus on scaling yourself and improving your efficiency. • Delegate tasks that keep you from doing what you're best at. • Consistency and predictability are key to successful business growth. • Follow-up is crucial in lead generation and closing deals. • Joining a community of like-minded individuals can provide valuable support and friendship in business. Key Talking Points of the Episode 00:00 Introduction 01:01 What is the right way to start hiring people for your business? 03:40 What will you learn from Buy Back Your Time? 04:18 Why do people think acquisitions should be the first hire in their business? 06:15 How do you know when it’s time to start hiring people? 08:11 What is the best approach to hiring people for your team? 10:16 What marketing trends should investors be aware of today? 13:03 What marketing strategy will get you the most results? 16:00 What is CG Elevate all about? Links Book: Buy Back Your Time https://www.buybackyourtime.com/ Website: CG Elevate https://www.doublemydealflow.com Website: The Collective Genius https://thecollectivegenius.com/ David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 29 Jan 2024 - 20min - 118 - 103: How To Wholesale Real Estate In Illinois with Jesseme McVey
Jesseme McVey shares her experience of making $17,000 on her first wholesale deal and how she got started in real estate wholesaling. She explains her motivation to wholesale properties and her future plans and goals. Jesseme discusses her use of DealMachine for driving for dollars and the success she has had with it. She also talks about the challenges of dealing with regulations in Illinois and finding reliable drivers. Jesseme shares her goals for wholesale deals and her plan to acquire enough rental properties so she can retire and teach yoga and spend time with her 7 year old daughter. Takeaways Driving for dollars can be a successful strategy for finding wholesale deals. Using DealMachine can streamline the process of driving for dollars and finding distressed properties. Understanding and navigating local regulations is crucial for successful wholesaling. Having a clear goal and motivation can drive success in real estate investing. Key Talking Points of the Episode 00:00 Introduction 00:50 How did Jesseme make $17K on her first wholesale deal? 03:25 What gave Jesseme the idea to start wholesaling real estate? 05:02 How was Jesseme acquiring rentals before she started wholesaling? 06:34 How did Deal Machine help Jesseme grow her wholesaling operations? 09:02 What motivates Jesseme to keep wholesaling? 11:27 Why is it important to make calculated decisions as a real estate investor? 13:12 How much has Jesseme’s driving-for-dollars strategy changed through the years? 15:14 How is Jesseme navigating the wholesaling regulations in Illinois? 18:09 What is it like to wholesale or flip properties in Illinois? 21:02 What is it like to work with an attorney as an investor in Illinois? 24:01 What is Jesseme’s wholesaling goal this year? 25:16 How can you connect with Jesseme? Links Promo: Deal Machine App https://www.dealmachine.com/pod Social Media: Jesseme Mcvey https://www.instagram.com/jessemejene https://www.facebook.com/jesseme.bysong Podcast: 052: A Single Deal, A Six-Figure Gain: Michael Pinter's Extraordinary Wholesaling Success Story https://podcasts.apple.com/us/podcast/052-a-single-deal-a-six-figure-gain-michael/id1667656532?i=1000629049733 David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 26 Jan 2024 - 27min - 117 - 102: Be Inspired: He Was Wholesaling Real Estate In High School! with Wes Branch
In this conversation, Wes Branch shares his journey in real estate wholesaling, starting from his first deal in high school. He discusses the importance of motivation and confidence in pursuing real estate deals and shares his strategies for finding motivated sellers, including driving for dollars and using targeted lists. Wes also talks about building a team and outsourcing tasks to streamline operations. He explains the transition to nationwide marketing and the benefits of keeping the best properties for long-term wealth building. The conversation concludes with a discussion on the benefits of fasting for health and longevity. Takeaways Motivation and confidence are key factors in succeeding in real estate wholesaling. Driving for dollars and using targeted lists are effective strategies for finding motivated sellers. Building a team and outsourcing tasks can help streamline operations and increase efficiency. Transitioning to nationwide marketing can expand opportunities for finding deals and buyers. Keeping the best properties can provide long-term wealth-building opportunities. Fasting can have health benefits, including cleansing the body and promoting longevity. Key Talking Points of the Episode 00:00 Introduction 01:10 How did Wes make $1700 on his first wholesale deal? 02:33 How did Wes find a buyer for his first wholesale deal? 03:23 What did Wes do to come up with the value for his first wholesale deal? 05:01 How did Wes handle being in real estate at such a young age? 06:01 What motivated Wes to get into real estate in high school? 08:36 How did Wes start finding more deals after the first one? 09:50 How does Wes open a conversation with his driving for dollars leads? 10:51 Why did Wes decide to just focus on wholesaling? 12:42 What other strategies does Wes use to find deals? 15:18 Why is it important to consider investing for long-term cash flow? 16:53 What does Wes’ team today look like? 18:24 Where do Wes and his team find buyers for their wholesale deals? 20:25 What made Wes decide to take his wholesale operations nationwide? 21:36 Why is it important to start local when you’re a new investor? 22:49 How does Wes decide whether to keep or wholesale a deal? 24:10 How can you connect with Wes? Links Promo: Deal Machine App https://www.dealmachine.com/pod Instagram: Wes Branch https://www.instagram.com/wesbranch1 Podcast: 078: 25 Motivated Seller Lists & Best Order To Approach Them https://podcasts.apple.com/us/podcast/078-25-motivated-seller-lists-best-order-to-approach-them/id1667656532?i=1000636896361 Podcast: 095: 9 Ways To Find A Buyer for Wholesaling Real Estate https://podcasts.apple.com/us/podcast/095-9-ways-to-find-a-buyer-for-wholesaling-real-estate/id1667656532?i=1000640885675
Wed, 24 Jan 2024 - 27min - 116 - 101: Job Eliminated: Replaced That Income in 4 Weeks of Wholesaling!
Enrique Machado shares his journey in wholesaling real estate, starting with his first $5,000 deal. After being let go from his job, he decided to pursue real estate full-time and got a mentor for guidance. He explains his direct-to-agent process and how he collaborates with agents to find deals. Enrique's motivation to be his own boss and provide for his family drives his success in the industry. Takeaways Joining a community or coaching program can provide guidance and support in wholesaling real estate. Building relationships with agents is a strategy for finding deals and ensuring success in wholesaling. Transparency and honesty in the wholesale process help maintain trust with agents and other parties involved. Reinvesting profits and having a long-term vision can lead to further success and opportunities in real estate. Key Talking Points of the Episode 00:00 Introduction 01:21 Why did Enrique decide to become a full-time real estate investor? 02:36 What gave Enrique the idea to become his own boss? 04:03 What did Enrique learn from joining a real estate mastermind? 05:13 How is Enrique using the direct-to-agent strategy? 06:13 Why is it important to be fair to all parties involved in a transaction? 07:04 How does Enrique explain what he does to agents? 08:30 What contract does Enrique use for his direct-to-agent deals? 11:03 How did Enrique find a buyer for his first wholesale deal? 12:24 How can you accurately estimate the ARV of a property with Deal Machine? 14:21 How does Enrique calculate the repair budget on his deals? 15:18 Where would Enrique be today if he didn’t start wholesaling? 16:40 What is Enrique’s motivation to succeed in real estate investing? 19:10 How can you connect with Enrique? Links Free Trial: Deal Machine App https://www.dealmachine.com/pod Instagram: Enrique Machado https://www.instagram.com/enrique.machado_/ Podcast: 099: How Alec Escaped His Dead End Job! with Alec Hawthorne https://podcasts.apple.com/us/podcast/099-how-alec-escaped-his-dead-end-job-with-alec-hawthorne/id1667656532?i=1000641950749 Podcast: 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegas https://podcasts.apple.com/us/podcast/053-%2435-000-on-his-first-deal-to-80-deals-later-with/id1667656532?i=1000629356538 Podcast: 079: If Your Side Hustle Lacks Traction, Do This with Joshua Goode https://podcasts.apple.com/us/podcast/079-if-your-side-hustle-lacks-traction-do-this-with/id1667656532?i=1000637161583 Podcast: 086: $30,000 from House Flipping vs Wholesaling with Hannah Martin & Lukas Dommer https://podcasts.apple.com/us/podcast/086-%2430-000-from-house-flipping-vs-wholesaling-with/id1667656532?i=1000638921179 David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 22 Jan 2024 - 20min - 115 - 100: CEO QUIT His Job To Start A Wholesaling Real Estate Company
Matthew Simmons shares his experience of making $18,000 in his first wholesale deal and how he got started with probate deals. He explains the process of calculating the offer price and understanding the value of a property as a rental. Matthew also discusses the formula for calculating offers and how he sold the property as a rental. He shares his motivation for getting into real estate investing and his previous business ventures. Matthew emphasizes the importance of mindset and shares the characteristics that contribute to success. He also talks about starting a vending machine business and compares wholesaling to his other businesses. Key Talking Points of the Episode 00:00 Introduction 01:00 How did Matthew make $18K on his first wholesale deal? 03:52 Why did Matthew decide to start with probate leads? 04:38 How did Matthew learn to get the ARV for his first wholesale deal? 07:02 What formula did Matthew use to calculate the ARV of his first wholesale deal? 08:14 How did Matthew pitch his first wholesale deal to his buyer? 09:01 What made Matthew decide to get involved in real estate investing? 11:36 How did Matthew’s background in business help him succeed in real estate? 12:27 What kind of mindset helped Matthew grow in real estate investing? 14:28 How does discipline in life affect your capability to succeed in business? 16:02 What got Matthew into entrepreneurship? 17:50 Who inspired Matthew to get into entrepreneurship? 18:50 How does wholesaling compare to Matthew’s other businesses? 21:28 How can you connect with Matthew? Links Promo: Deal Machine App https://www.dealmachine.com/pod Instagram: Matthew Simmons https://www.instagram.com/therealmatthewsimmons/ Youtube: Matthew Simmons https://www.youtube.com/@MatthewSimmons-Entrepreneur David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 19 Jan 2024 - 23min - 114 - 099: How Alec Escaped His Dead End Job! with Alec Hawthorne
Alec Hawthorne shares how he and his dad made $5,000 on their first wholesale deal and how they got started in real estate. They used the DealMachine app and drove around neighborhoods, tagging distressed properties and making cold calls. After their initial success, they shifted strategies and started reaching out to real estate agents for off-market deals. Alec also discusses how he analyzes deals and estimates repairs. Key Talking Points of the Episode 00:00 Introduction 01:35 How did Alec make $5K on their first wholesale deal? 04:01 What was it like for Alec to look for his first wholesale deal? 05:35 How did Alec get into wholesaling? 08:24 Why did Alec have to change what they were doing after the first deal? 09:49 How did Alec really learn about wholesaling? 11:14 How does Alec calculate the numbers when evaluating a deal? 13:53 What strategy does Alec use in his real estate business today? 15:09 How does Alec structure agents’ commissions on his deals? 17:16 How does Alec find buyers for their deals through ChatGPT? 19:55 How many deals does Alec get from agent outreach? Links FREE Trial: Deal Machine App https://www.dealmachine.com/pod Podcast: 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegas https://podcasts.apple.com/us/podcast/053-%2435-000-on-his-first-deal-to-80-deals-later-with/id1667656532?i=1000629356538 David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 17 Jan 2024 - 22min - 113 - 098: San Diego Charger Replaces MASSIVE Salary by Wholesaling Real Estate with Dean Rogers
Dean Rogers shares his journey from the NFL to real estate wholesaling, including his first deal and the lessons he learned along the way. He emphasizes the importance of taking action and putting in the work to achieve success. Dean discusses his preferred lead sources and the marketing strategies he uses to generate deals. He also highlights the significance of building a strong team and the balance between big goals and personal life. Dean shares his coaching program and encourages listeners to connect with him for further guidance. Key Talking Points of the Episode 00:00 Introduction 00:57 What is Dean’s background? 01:40 How did Dean get started in real estate investing? 03:53 How did Dean’s athletic background help him in real estate? 04:57 How did Dean find his first wholesale deal? 07:19 What has changed since Dean got his first wholesale deal? 09:27 Why did Dean decide to focus on wholesaling? 11:53 What is Dean’s favorite lead source today? 13:08 How can you learn more about direct mail marketing? 14:07 What lists did Dean send direct mail to? 16:30 What are Dean’s talking points when a lead calls? 17:48 How far has Dean gone since he started in real estate? 19:52 What type of people will work best in Dean’s coaching program? 21:40 How can you learn more about Dean and his coaching program? Links Podcast: MC018: Direct Mail Best Practices for Real Estate Investors with Justin Dossey https://podcasts.apple.com/us/podcast/mc018-direct-mail-best-practices-for-real-estate-investors/id1667656532?i=1000635228637 Website: Dean Rogers https://deanrogers.com/ David's Social: @dlecko https://www.dealmachine.com/pod Instagram: Dean Rogers https://www.instagram.com/deanrogersrealestate
Mon, 15 Jan 2024 - 23min - 112 - 097: 6 Ways To Help Someone In Foreclosure with Devin Robinson
Devin Robinson shares his journey in real estate wholesaling, starting with his first wholesale deal and working with hedge funds. He discusses the importance of building systems and processes, as well as finding truly motivated sellers. Devin emphasizes the value of providing solutions beyond buying the house, such as helping sellers in foreclosure navigate their options. He also highlights the significance of personalized outreach, including sending video messages to potential sellers. Devin concludes by discussing the current state of REO deals and sharing his insights on other types of leads. Takeaways • Building systems and processes is crucial for success in real estate wholesaling. • Finding truly motivated sellers and providing value beyond buying the house can lead to higher profits. • Personalized outreach, such as sending video messages, can make a significant impact on potential sellers. • Foreclosure leads offer a time-sensitive opportunity to help sellers and secure profitable deals. Chapters 00:00 Introduction and First Wholesale Deal 01:02 Learning Wholesaling and Working with Hedge Funds 02:00 Transitioning to Traditional Wholesaling 03:22 Building Systems and Processes 04:34 Hedge Funds Buying Again 05:04 Offer on Market Property 06:03 Relationships with Hedge Funds 07:19 Finding Truly Motivated Sellers 08:01 Providing Value to Sellers 10:07 Helping Sellers in Foreclosure 11:42 Providing Solutions Beyond Buying the House 13:21 Outreach to Pre-Foreclosure Sellers 14:00 Sending Personalized Video Messages 16:18 Time-Sensitive Foreclosure Data 17:11 REO Deals and Bank-Owned Properties 19:08 Other Types of Leads 24:09 Importance of Door Knocking 25:44 Driving for Dollars and Foreclosure Leads 26:27 Devin's Social Media Accounts 27:08 Closing Remarks David's Social: @dlecko https://www.dealmachine.com/pod Devin's Facebook Group: https://realliferei.com/
Fri, 12 Jan 2024 - 29min - 111 - 096: Ramone Buys Vacations to Greece with his Side Hustle
Do you LOVE your job, but wish it paid a bit more? Ramone has been vacationing in Greece without worrying about the cost... Thanks to his side hustle. He's been finding run down houses since 2020 and gets paid $17,000 for finding them. He uses the wholesaling real estate strategy with ON-MARKET deals... something we have never covered on this podcast before. Ramon also explains how he built relationships with cash buyers and the importance of driving for dollars as the best list for finding deals. He shares his transition from flipping to wholesaling and how wholesaling has become a side hustle on autopilot for him. Ramon emphasizes the benefits of wholesaling for generating cash for rentals and shares his key lessons in wholesaling. Takeaways Wholesaling real estate is a great way to escape the rat race and make more money. Building relationships with cash buyers is crucial for successful wholesaling. Driving for dollars is the best list for finding deals in wholesaling. Wholesaling can be a side hustle on autopilot, allowing for additional income. Wholesaling can generate cash for investing in rental properties. Key Talking Points of the Episode 00:00 Introduction 01:02 How did Ramon get into wholesaling? 02:16 How did Ramon wholesale a deal that was on the market? 03:02 Where did Ramon meet his cash buyer? 04:43 What type of lists did Ramon cold call for deals? 05:47 How does Ramon open conversations with sellers? 06:53 What made Ramon decide to focus on wholesaling? 08:12 How does Ramon drive for dollars? 09:41 How does Ramon decide when to keep properties as rentals? 11:28 What does Ramon do to market his real estate business? Links Document: Wholesale Contract https://www.dealmachine.com/contract
Wed, 10 Jan 2024 - 14min - 110 - 095: 9 Ways To Find A Buyer for Wholesaling Real Estate
Have you wanted to try real estate wholesaling but you're not sure where to find these ""buyers"" that will pay you a big finders fee? It can be hard to start something when you don't know how it's going to end! So this episode shows you how easy it is to find a buyer. And you can take action towards financial freedom, 10X'ing your income and replacing your w2 with wholesaling real estate. 1. Foreclosure auction 2. Facebook group 3. Google “sell my house fast” 4. Real Estate Meetup 5. DealMachine cash buyers filter 6. Post your deal on Craigslist, FB marketplace, the MLS 7. Investorlift 8. Hedge fund buyers: SFR3, CONREX, Vinebrook, Wedgewood, Open House, Tiber Capital 9. Subscribe to local wholesalers email list. Wait a month. Look up who bought all the deals they advertised. Bonus: Open door used to be… but now you have to HACK: Don’t worry about finding a buyer until you have a deal. The best way to find a buyer is to advertise an absolutely smoking deal. Additional listening: 77: 2x your income by qualifying your buyers 65: Get your first deal in 7 days David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 8 Jan 2024 - 16min - 109 - 094: 3 Cold Calling Tips Learned from 60 Wholesale Real Estate Deals Dillano Medina
Want to leave your 9-5? Dillano Medina made $5000 by finding a run down house and passing it off to an investor. He explains how this side hustle turned into a business that gives him more income and time freedom to live his life on his terms. The way he gets in touch with home owners is by finding run down houses, looking up the owner's phone number, and then calling to see if they want an offer on their house. He has done 60 deals so far! Here are 3 tips from Dillano he has discovered about cold calling sellers: 1. Hand dialing avoids showing as spam 2. Hand dialing allows you to double dial the same person 3. Save $1000 per month skip tracing by using unlimited contact info that is included in DealMachins Bonus: leave sticky notes on run down houses asking them to call for an offer on their house Key Talking Points of the Episode 00:00 Introduction 01:01 What was Dillano’s first wholesale deal like? 03:06 How did Deal Machine help Dillano become more efficient in finding deals? 05:42 What formula does Dillano use to come up with his MAO? 07:00 What was it like for Dillano to make an offer on his first wholesale deal? 09:08 What challenges did Dillano deal with on his first wholesale deal? 10:25 How did Dillano find buyers for his first wholesale deal? 12:45 How much has changed since Dillano did his first wholesale deal? 16:22 What is Deal Dogs about? 19:11 What is Dillano’s most recent deal from Deal Machine like? 24:40 How did Dillano use the data from Deal Machine to call the leads they found? 26:12 How is Deal Machine helping make skiptracing more efficient? 28:47 What can you do to make driving for dollars more effective for you? Links Promo: Deal Machine App https://www.dealmachine.com/pod Podcast: 080: 3 Steps To Find Off Market Real Estate Deals https://podcasts.apple.com/us/podcast/080-3-steps-to-find-off-market-real-estate-deals/id1667656532?i=1000637409380 David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 5 Jan 2024 - 34min - 108 - 093: 10Xing Your Income Via The 4 Stages of Wholesaling Real Estate with Zack Boothe
Do you want to start building something for yourself so that you're not vulnerable to the business where you work? You can stop being just concerned and fear based and do more of the things that make you happy because you do have a lot of control thanks to the side hustle that you were able to start from listening to this episode. Wholesaling real estate is a proven business where you make big checks from finding ugly houses and passing them an investor. Zack Boothe is our guest who has done 1000 wholesale deals and he covers the 4 stages of wholesaling a real estate deal so you can do your first deal, too, after listening to this episode. Key Talking Points of the Episode 00:00 Introduction 01:08 How did Zack find his first wholesale deal? 02:55 What is Zack’s background? 04:50 How has real estate changed Zack’s life? 07:20 What are the 4 stages of wholesaling real estate? 09:31 Why is driving for dollars Zack’s favorite strategy to find deals? 11:08 How has driving for dollars helped Zack scale his real estate business? 14:12 What is the best way to negotiate with sellers? 16:41 What is the importance of being transparent with sellers? 19:15 How does Zack find buyers for his wholesale deals? 21:15 What is the best way to market your deals to buyers? 24:02 How can you connect with Zack? Links Video: How to Make $40,000 in 40 Days Wholesaling Real Estate with Zack Boothe https://youtu.be/D-NzeNozkNY?si=3Pl9QLz2vMYqQ4_g Podcast: Driving for Dollars Mastery https://podcasts.apple.com/nz/podcast/driving-for-dollars-mastery/id1570543403 Website: Driving for Dollars Mastery https://dfdmastery.com/
Wed, 3 Jan 2024 - 25min - 107 - 092: JP Haggarty Made 5x his W2 Income in 3 Months
Does it bug you that no matter how hard you work at your job, you still get paid the same? JP Haggarty was working in sales at the Ford dealership and felt financially restricted. In three and a half months, he has made five times more than he was making in any single month of that Ford dealership. He made $35,000 by wholesaling real estate: finding a run down house and making a finders fee for an investor. He's done a $29,000 deal, too. He's done six deals total with the average being $25,000 finders fee just for finding a rundown house. This is the podcast for 10Xing your income and replacing your W-2. My name's David Lecko and I created a process that's helped people close 10,000 deals in all 50 states that turned into the software platform deal machine. And my co-host is Ryan Haywood. Who actually took a 14 day challenge back in 2019, and now he's done 422 deals. So we're gonna lead you through this exciting story so you can do the same. Key Talking Points of the Episode 00:00 Introduction 01:19 How did JP find his first wholesale deal? 02:31 What was JP’s conversation with the seller like? 04:12 How did JP negotiate the price of his first wholesale deal? 05:25 Where did JP get a contract for his first wholesale deal? 06:47 How did JP find a buyer for his first wholesale deal? 08:32 What challenges did JP face on his first wholesale deal? 09:45 How can you ensure that you will get paid your assignment fee? 10:21 What is JP’s background? 11:03 Why did JP decide to get involved in real estate? 13:28 What are JP’s goals for 2024? 15:13 How did JP present his first wholesale deal to sellers? 16:16 How did JP come up with the rehab value for his first wholesale deal? 18:06 What are the top 3 areas of wholesaling JP’s mentor help him with? 20:26 How can you connect with JP? Links Document: Wholesaling Contract https://www.dealmachine.com/contract Instagram: JP Haggarty https://www.instagram.com/jphaggarty Podcast: 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywood https://podcasts.apple.com/us/podcast/088-how-to-sell-your-real-estate-wholesale-deal-with/id1667656532?i=1000639431916 David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 1 Jan 2024 - 22min - 106 - 091: 4 Pillars of Motivation To Buy At A Big Discount with Vince Flores
Do you ever wonder why anyone would sell their house to you a a big discount? You hear stories all the time that you can make $13,000 just for finding a run down house... Our guest today is Vincent Flores, and he masterfully uncovers the 4 pillars of motivation that you can discover when speaking with a seller. Vince listens carefully to the seller and solves every one of her problems,and ends up making $13,750 for finding his first deal. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Vince's Instagram: @vincerflores_ Key Talking Points of the Episode 00:00 Introduction 01:05 How did Vince make $13K on his first wholesale deal? 02:03 What are the 4 pillars of motivation? 03:04 What condition was Vince’s first wholesale deal in? 04:03 What challenges did Vince face with his first wholesale deal? 09:02 What did Vince realize as he dealt with the seller? 10:06 What is skip tracing? 11:53 How did Vince raise the money to help the seller? 13:30 How did Vince build his buyers list? 16:07 How did Vince introduce himself to real estate agents to sell his first deal? 19:44 What was Vince’s goal as he got into his first wholesale deal? 20:30 How can you get connected with Vince? Links Promo: Deal Machine App https://www.dealmachine.com/pod Instagram: Vince Flores https://www.instagram.com/vincerflores_ Podcast: 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywood https://podcasts.apple.com/us/podcast/088-how-to-sell-your-real-estate-wholesale-deal-with/id1667656532?i=1000639431916
Fri, 29 Dec 2023 - 21min - 105 - 090: How To Make $22,000 From A Tax Delinquent Property with England Hall
England Hall shares his journey in real estate wholesaling, starting from his first wholesale deal to closing bigger deals and expanding to different markets. He emphasizes the importance of targeting motivated sellers, particularly deceased homeowners, and using data to find the right leads. England also discusses the challenges he faced and the lessons he learned along the way. Overall, his story highlights the power of perseverance and strategic thinking in achieving success in real estate wholesaling. Takeaways • Target motivated sellers, such as deceased homeowners, to find profitable deals. • Use data to identify potential leads and focus on those that are more likely to sell. • Overcome financial challenges by finding creative solutions and investing in education. • Expand to different markets to take advantage of higher profit margins. Chapters: 00:00 England's First Wholesale Deal 03:13 Moving to Bay City, Texas 04:09 Finding a Buyer for the Deal 08:14 Transitioning to Bigger Deals 11:10 Closing Deals Outside of a Title Company 13:05 Overcoming Financial Challenges 14:05 Targeting Deceased Homeowners 15:43 Expanding to Different Markets 16:34 Using Data to Find Motivated Sellers 20:50 Life After Financial Stress 23:33 Final Thoughts and Contact Information David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 27 Dec 2023 - 13min - 104 - 089: 16 Tips for Making $22,000 with Ethan Wadsworth
Ethan Wadsworth shares his journey in real estate wholesaling, starting with his first wholesale deal and transitioning from the financial side of the industry. He discusses finding deals through marketing strategies, targeting specific properties, and analyzing after repair value (ARV). Ethan also shares his negotiation tactics and how he calculates offers. He explains the process of selling wholesale properties and building a network of buyers through personal connections and joint ventures. Ethan emphasizes the importance of finding distressed properties and leveraging option periods. He concludes by highlighting the benefits of wholesaling and the freedom it offers. Takeaways • Wholesaling can be a profitable entry point into real estate investing, allowing for quick profits and minimal risk. Marketing strategies, such as cold calling and social media, can be effective in finding distressed properties and motivated sellers. • Analyzing ARV and calculating offers are crucial skills in wholesaling, and tools like Propelio can assist in determining property values. • Building a network of buyers and joint venturing with other wholesalers can help in selling wholesale properties and expanding business opportunities. • Leveraging personal connections and word-of-mouth referrals can lead to valuable deals and partnerships in the real estate industry. Chapters 00:00 Introduction and First Wholesale Deal 02:05 Transition to Wholesaling 03:21 Finding Deals and Marketing Strategies 05:18 Targeting Properties and Analyzing ARV 06:18 Negotiating and Making Offers 08:30 Calculating Offers and ARV 11:25 Selling Wholesale Properties 12:55 Building a Network and Joint Ventures 14:35 Finding Buyers and Joint Ventures 17:09 Finding Deals through Social Media 18:50 Leveraging Personal Connections 20:22 Finding Buyers through Personal Connections 23:07 Finding Distressed Properties 25:14 Earnest Money and Option Periods 28:37 Transition from Financial Side to Real Estate 33:45 Benefits of Wholesaling and Conclusion David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 25 Dec 2023 - 37min - 103 - 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywood
In this episode, Ryan discusses the importance of presenting deals effectively in the real estate investing process. He emphasizes that securing the property is only the first step, and the real money is made when the property is assigned to a buyer. Ryan provides a template for creating a presentable flyer that includes photos and key property details. He advises including the estimated after repair value (ARV), square footage, repair estimate, and assignment price. Ryan also highlights the significance of providing contact information and being prepared to answer buyer questions. He concludes by offering a template for listeners to use in their own deals. Takeaways - Securing the property is important, but the real money is made when the property is assigned to a buyer. - Creating a presentable flyer with photos and key property details can help quickly dispose of the property. - Include the estimated ARV, square footage, repair estimate, and assignment price on the flyer. - Provide contact information and be prepared to answer buyer questions. - Using a template can help streamline the process of presenting deals to investors. Key Talking Points of the Episode 00:00 Introduction 01:12 Why is it important to present your deal the right way? 02:14 What kind of photos should you use for your property flyer? 03:34 What are the most important details to include in your property flyer? 05:30 Why do you need to include a repair estimate on your flyer? 06:35 What should you prepare for the conversations you will have with investors? 07:38 Where can you find a template that you can use for your deals? Links Document: Property Flyer Template https://www.dealmachine.com/flyer David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 22 Dec 2023 - 08min - 102 - 087: W-2 Replacement with Wholesaling Real Estate with Wes Steimel
Wes Steimel was making ""good money"" selling 10,000 lbs of meat to grocery stores, but when his children were born, he wanted to stop working 60 hours per week. His wife encouraged him to find another job that would give him more time freedom with the family. They decided to wholesale real estate and he made $18,750 on his very first house that he found The seller wanted speed and convenience rather than the top dollar, so the deal was very smooth. 1 year later, we recorded this podcast to hear how Wes has done 15 deals now. Wes most recently closed a deal with the help of Ryan Haywood, your co-host of the DealMachine Podcast. Tune in for step-by-step how you can find and close your first real estate wholesaling deal. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Key Talking Points of the Episode 00:00 Introduction 01:13 How much did Wes make on his first wholesale deal? 04:06 How did Wes find his first wholesale deal? 06:56 What was the appointment like on Wes’ first deal? 08:01 How did the seller’s level of motivation help Wes with the deal? 10:01 How did Wes start looking for a buyer for his first deal? 12:15 What did Wes do before getting involved in real estate? 13:18 How did Wes’ wife support him as he transitioned to real estate investing full-time? 15:34 What challenges did Wes encounter when he started wholesaling? 17:26 What kind of mail pieces did Wes use for direct mail? 18:30 How did Wes meet Ryan? 20:18 What was Wes’ JV deal with Ryan like? 22:42 What is the most profit Wes ever made on a wholesale deal? 25:01 How can you connect with Wes? Links Instagram: Wes Steimel https://www.instagram.com/wessteimel/ Podcast: 054: From $30,000 In Debt To Making $50,000 In 6 Weeks with Mike DeHaan https://podcasts.apple.com/us/podcast/054-from-%2430-000-in-debt-to-making-%2450-000-in-6-weeks/id1667656532?i=1000629624965 Document: Joint Venture Agreement https://www.dealmachine.com/JV 7-Day Trial: Deal Machine App https://www.dealmachine.com/pod
Wed, 20 Dec 2023 - 26min - 101 - 086: $30,000 from House Flipping vs Wholesaling with Hannah Martin & Lukas Dommer
Do you want to quit your job and flip houses, but you kinda wonder about this wholesale real estate thing? Maybe you looked at a deal and were tempted to buy it yourself to flip it for a bigger profit than wholesaling... Hannah Martin and Lukas Dommer were bored in covid so they started a wholesale real estate business. Now they've done 129 deals, and tried flipping for a little bit. They're here to explain how they started, and how flipping is a different business than wholesaling. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Key Talking Points of the Episode 00:00 Introduction 01:00 How did Hannah and Lukas make thousands on their first deal? 02:45 What happened when Hannah and Lukas advertised their first deal? 03:40 How did Hannah and Lukas find a buyer for their first deal? 05:48 What were Hannah and Lukas doing before getting into real estate? 07:40 How did Hannah and Lukas find their 2nd wholesale deal? 10:51 How long did it take for the fire damage deal to close? 13:45 What did Hannah and Lukas learn from their 2nd deal? 16:54 How did Hannah and Lukas find a buyer for the fire damage deal? 21:47 What was it like for Hannah and Lukas to learn the ropes of wholesaling? 23:44 What is the reality behind faking it til you make it? 25:38 Why did Hannah and Lukas decide to focus on wholesaling? 28:33 How can you connect with Hannah and Lukas? Links Document: Wholesaling Contract https://www.dealmachine.com/contract Instagram: Hannah Martin https://www.instagram.com/hannah_mar10 Instagram: Lukas Dommer https://www.instagram.com/lukas_dommer Instagram: Heritage Home Investments https://www.instagram.com/heritage_home_investments Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727
Mon, 18 Dec 2023 - 29min - 100 - 085: Making Your First $13,000 Wholesaling Real Estate with CJ Hibbitts
Do you feel like you're worth more than you're making at your job? CJ Hibbitts just side hustled his way to $13,000 from finding a run down house. He says this was the most dollar per time spent of anything he's ever done before. Listen to hear how wholesaling real estate allowed CJ to make $13,000 Key Talking Points of the Episode 00:00 Introduction 01:10 How did CJ get into wholesaling? 02:47 How did CJ find a deal from sending postcards? 05:10 What was CJ’s motivation to get into real estate investing? 06:37 How can you find leads by driving for dollars with Deal Machine? 08:52 What signs of distress should you look out for when driving for dollars? 10:07 How did CJ’s first visit to the house go? 11:54 What issues came up when CJ visited the property? 14:28 How did CJ come up with his offer for the property? 16:39 How can having a mentor help you overcome analysis paralysis? 17:49 What factors should you consider when calculating ARV? 19:20 How did CJ calculate the ARV for his first deal? 20:19 How did CJ present his offer to the seller? 24:12 Why is it important to build a buyers list before finding your deals? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Links Instagram: CJ Hibbits https://www.instagram.com/cjhibbitts/ Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727
Fri, 15 Dec 2023 - 26min - 99 - 084: 350-Deals-Per-Year Real Estate Investor Explains First Deal
Want more time with your family? Eric Brewer was working 80 hours per week when his first child was born, and he knew he needed more time to be with his family. As CEO of Integrity First Home Buyers, Eric leads a team of 35 and has completed over 3,000 real estate wholesale transactions. He talks about his transition from working at a car dealership and starting a business that gave him more time with family." Free Real Estate KPI & Metrics Guide: https://www.dealmachine.com/kpi-guide-youtube Free e-book on finding motivated sellers: https://www.dealmachine.com/find-motivated-sellers-youtube Free direct mail campaign e-book: https://www.dealmachine.com/direct-mail-guide-youtube Free Worksheet for When the Seller Calls You Back: https://www.dealmachine.com/4-keys-worksheet-youtube Free real estate investing e-book: https://www.dealmachine.com/rei-guide-youtube Sign Up for your Free Trial: https://bit.ly/3n4AMRx DealMachine is a Real Estate Investing Software that provides a Driving For Dollars Function to build an organic list of leads with a team of drivers, and List Builder that allows you to stay in sync with sellers’ situations on a weekly basis. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Instagram: Eric Brewer https://www.instagram.com/eric_brewer_invest_ Website: Brewer Method https://brewermethod.com/home Key Takeaways 00:00 Introduction 01:23 How did Eric discover real estate investing? 05:27 What made Eric decide to step away from car sales? 07:48 How did Eric start in the real estate space? 11:32 How did Eric find his first deal? 14:45 What was Eric’s first real estate deal like? 18:06 How did Eric and his partner sell their first 4 properties? 21:10 What is Eric’s strength and passion? 22:17 What should people understand about entrepreneurship? 24:24 How is wholesaling helping Eric provide opportunities for people? 28:31 How did Eric get into novations? 33:16 What do you need to know about novations? 35:59 Why is it important to learn how to do novations? 38:17 How can you determine if a property will do better when you novate it? 42:33 Where can you learn more about novations from Eric? Links Promo: Deal Machine App Promo https://www.dealmachine.com/pod Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727
Wed, 13 Dec 2023 - 43min - 98 - 083: Nick Replaced His $250k Salary & Escaped Golden Handcuffs
Do you fear the golden handcuffs of your corporate job? Nick Perry was making $250,000 at Indeed, but he was working 60 hours per week. He knew the more he earned, the harder it would be for him to quit. So he began marketing to run down properties and building his real estate wholesaling business. Now he has replaced his MASSIVE W2 salary and does 35 deals per year from his permanent/ongoing vacation in Mexico. David's Social: @dlecko https://www.dealmachine.com/pod Key Talking Points of the Episode 00:00 Introduction 01:30 What is Nick’s background? 02:35 How long did it take for Nick to find his first wholesale deal? 03:49 How did Nick get his first deal at such a great price? 04:40 What mistakes did Nick make when he started wholesaling? 06:01 What were the conflicting things that Nick learned in the beginning? 07:45 How can you choose what marketing strategy to use for your deals? 08:58 How did Nick find the marketing channel that works for him? 11:01 What was Nick’s motivation to succeed in wholesaling? 13:16 What is Nick’s idea of success? 14:13 What does an average day look like for Nick after achieving financial freedom? 16:10 Why did Nick decide to move to Mexico full-time? 19:44 How did Nick take his real estate operations virtual? 21:12 What happened when Nick decided to do PPC nationwide? 23:09 Where can you learn more about virtual wholesaling with Nick? Links Website: 7 Figure Cartel https://www.7figurecartel.com Instagram: Nick Perry https://www.instagram.com/nickperryrei Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727 Podcast: 070: How Chris Replaced His $200k W2 Income with Chris Mignone https://podcasts.apple.com/us/podcast/070-how-chris-replaced-his-$200k-w2-income-with-chris/id1667656532?i=1000634362234
Mon, 11 Dec 2023 - 24min - 97 - 082: The #1 Top Mistake When Partnering Wholesaling Real Estate with Ryan Haywood
Wondering if you have the skills to actually quit you job and 10 X you income on their own? Are you considering working with a business partner to wholesale real estate? After Ryan Haywood did 400 deals, he wished he didn't start with a partner and instead he wished he would have JV (Joint Ventured) in order to sell those deals for the top dollar. Ryan covers how to JV partner with no strings attached long-term so nobody feels unfair when one person eventually works harder than the other. David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 8 Dec 2023 - 25min - 96 - 081: Debt Free After Just 2 Deals with Sadie Earl
Do you want to pay off your student loans faster? Sadie paid off $16,000 of student debt in 11 months with her side hustle of looking for run down houses for a local real estate investor. If you want to be debt free faster, you can earn big checks by wholesaling real estate as a side hustle. We show you step by step what Sadie did in this episode. Key Talking Points of the Episode 00:00 Introduction 01:13 What was Sadie’s job when she started using Deal Machine? 02:10 How did Sadie learn about Deal Machine? 03:25 How did Sadie start driving for dollars with Deal Machine? 04:21 What was it like for Sadie to find deals in the beginning? 05:37 What is wholesaling? 06:48 Why did Sadie decide to start as an intern in a wholesaling company? 08:13 What did Sadie focus on after paying off her student loans? 09:24 What is the best strategy to use when driving for dollars? 10:45 How did Sadie make money from her driving for dollars leads? 12:11 Where can you learn more about wholesaling? 13:17 What is next for Sadie? 14:03 How can you get in touch with Sadie? Links Podcast: 075: Make $10k-24k from Certain Down Houses with David Lecko https://podcasts.apple.com/us/podcast/075-make-$10k-24k-from-certain-down-houses-with-david-lecko/id1667656532?i=1000635664435 Instagram: Sadie Earl https://www.instagram.com/sadeearl_/
Wed, 6 Dec 2023 - 14min - 95 - 080: 3 Steps To Find Off Market Real Estate Deals
Have you been looking on Zillow for a good real estate deal? I used to look for properties for sale and look at the mortgage estimator to calculate my monthly payment. Then I would switch tabs over to rentometer.com and see if the rent was more than the mortgage payment. IT NEVER WAS! Now I would never buy a property that didn't cashflow at least $500 per month above the mortgage, taxes, and insurance. And in order to wholesale a deal and make a $22,000 finders fee by simply ""assigning"" a deal, it needs to be under contract at a big discount. The way I find them now is by looking for off-market deals. This episode gives you 3 steps to successfully find off market deals. Think of this episode as getting you in the right mindset to finally find great deals. Instagram: David Lecko https://www.instagram.com/dlecko/ Key Talking Points of the Episode 00:00 Introduction 01:12 How did I decide to get involved in rental properties? 02:25 Where did I learn the idea of driving for dollars? 03:26 What gave me the idea to build Deal Machine? 04:10 How much has Deal Machine grown through the years? 05:09 What is the best way to find the right leads? 06:30 Why is it important to be consistent with your marketing? 07:27 How many postcards should you be sending to get deals? 08:10 How can you figure out how much to offer on a property? 09:15 How can you learn more about wholesaling from Deal Machine? 10:02 Why do you need to overcome analysis paralysis?
Mon, 4 Dec 2023 - 11min - 94 - 079: If Your Side Hustle Lacks Traction, Do This with Joshua Goode
Do you KNOW that you're not made for the corporate world? Maybe you've tried a few side hustles, but haven't gotten as much traction as you'd like. Let me introduce you to Joshua Goode, who owned a recording studio, dabbled in film, worked at the YMCA and tried a construction lift company. Once he found real estate wholesaling and made $14,000 on his first deal, he knew he found something special. I used to think you had to do everything on your own, but Joshua showed me how he worked with an experienced wholesaler to make his first finders fee quickly. Joshua has found more traction with wholesaling real estate than any other business, and he's been full-time for about a year. We've put this episode together so you can 10x your income and replace your w2 as well! Instagram: David Lecko https://www.instagram.com/dlecko/
Fri, 1 Dec 2023 - 23min - 93 - Welcome to the DealMachine REI Podcast! (Trailer)
Welcome to the DealMachine Real Estate Investing Podcast, where we unveil the secrets of escaping the 9-5 grind through real estate.
Thu, 30 Nov 2023 - 01min - 92 - 078: 25 Motivated Seller Lists & Best Order To Approach Them
Do you feel overwhelmed by the sheer number of ways that exist to find a motivated seller? Perhaps you've tried a few ways so far but nothing ""stuck"" yet. In this episode, we will give you the top 25 ways to find a motivated seller. We will also give you the order that you should approach these in, so you’re not overwhelmed and can take decisive action towards financial freedom. By the end of this episode, you'll learn how to tackle one thing at a time so you can focus on getting results before adding more to your plate. 00:00 Introduction 03:27 Driving for dollars 04:20 Tax delinquent lists 05:30 Liens 07:30 Code violations 09:07 Pre-foreclosures 10:57 Evictions 12:00 Arrest records 13:26 Foreclosures 14:14 Vacant homes 14:16 Expired listings with high equity 14:36 Tired landlords 14:56 Senior owners over 65 15:09 Zombie properties 15:45 Absentee owners 16:13 Out-of-state owners 17:37 Learn about having conversations for your first deal Links Podcast: 068: 4 Convos To Your First Wholesale Real Estate Deal https://podcasts.apple.com/us/podcast/068-4-convos-to-your-first-wholesale-real-estate-deal/id1667656532?i=1000633828538 Podcast: MC18 Instagram: David Lecko https://www.instagram.com/dlecko/
Wed, 29 Nov 2023 - 18min - 91 - 077: 2X Your Income By Qualifying Your Buyers with Ryan Haywood
Would you like to double your income that you make from finding a run down house? This is the podcast to help you grow your income and quit your w2 job by wholesaling real estate. Ryan Haywood is your host, and has done 419 real estate wholesale deals in St. Joesph, MO. He made $8500 on his first deal, and he now makes $15,000 per deal thanks to qualifying his buyers. Tune in to learn how Ryan qualifies and builds relationships with his buyers so he can pass on each property to an investor while making the most money possible. Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 27 Nov 2023 - 14min - 90 - 076: How To Turn NO into $38,000 with David Lecko
Are you afraid of hearing no when you make an offer on a house? Or worse! You normally do nothing once a seller tells you no? In this episode, we’re going to give you the basics of follow up. We’re going to tell you how to be a free consultant to the seller, even though you’re no longer in the running. We will show you how to help the seller understand if the other offers are trustworthy or not. Then if something falls through, the seller has the freedom to ask you for your offer again! David's Social: @dlecko https://www.dealmachine.com/pod
Fri, 24 Nov 2023 - 14min - 89 - 075: Make $10k-24k from Certain Down Houses with David Lecko
Do you want to build a side-hustle wholesaling real estate to earn your first $100k this year? Let us walk you through what types of houses could be a great first deal in this episode. We'll cover the types of houses, what they look like, where they are, what info to collect, and what type of finders fee you can expect to make, depending on the value of the house. If you’re frustrated by your job, building your side hustle will give you the freedom to quit. There's not a more proven way than wholesaling real estate. Key Talking Points of the Episode 00:00 Introduction 01:03 What was my thought process in looking for rental properties? 04:50 How did I learn how to drive for dollars to find my first real estate deal? 06:15 What condition was my first real estate deal in? 08:24 How did I come up with my offer for this property? 10:26 How can you make a $10K assignment fee on a wholesale deal? 11:51 What kind of properties should you be looking for to wholesale? 13:09 What are the signs that will tell you that a property is in distress or disrepair? 15:56 What kinds of markets are the most ideal to look at for wholesale deals? 18:48 What information should you be collecting when driving for dollars? 20:39 How can these guidelines help you make a $10K assignment fee? Links Free Trial: Deal Machine App https://www.dealmachine.com/pod David's Social: @dlecko https://www.dealmachine.com/pod
Wed, 22 Nov 2023 - 22min - 88 - 074: Cody Made $137,000 In 3 Months Out of State
"Have you ever wondered if investing in real estate outside of where you live is a good idea? After 6 months of not getting any results in the expensive San Diego market, our guest Cody Szohr switched up to the lower priced market of Milwaukee and found his deal in less than 3 months. Cody made a $35k finders fee for finding a run down house and sending it to an investor, and Cody has done 100 deals in the last 4 years and quit his job as a teacher. If you want financial freedom and to quit your job, we give you the steps to get there! If you got something out of this episode and want to keep learning more, check out: Episode 70: How Chris Replaced His $200k W2 Income (wholesaling out of state in Alabama while living in New York City) David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 20 Nov 2023 - 22min - 87 - 073: When Your Side Hustle Makes 3X Your Job with Sawand Belcher
Do you feel like you're working twice as hard for the same amount of money at your W2 job? That's exactly how Sawand Belcher felt when he was selling cars and he had to sell 15 cars to make 7,500 bucks and they changed the plan so he had to sell 25 cars to make the same amount of money. He knew he needed to take things into his own hands. And so he found out about wholesaling real estate, which is a way to earn big checks from finding run down properties and passing them off to an investor which can make you a finder's fee of up to $25,000. It only took Sawand a few months before his side hustle made 3x more than his job. Key Talking Points of the Episode 00:00 Introduction 01:51 How did Sawand find his first wholesale deal? 03:16 What was Sawand’s advantage when he bought his first wholesale deal? 05:06 How did Sawand’s debt-to-income interfere with his initial plan for the property? 08:02 What made Sawand want to do wholesaling full-time? 10:21 How did Sawand’s wholesaling business take off after he left his full-time job? 11:25 How will your first wholesale deal change your life? 13:15 What did Sawand realize after doing his first wholesale deal? 16:02 What is the difference between being an employee and a wholesaler? 18:10 What are the biggest benefits of wholesaling? 20:19 How much has wholesaling changed Sawand’s life? 24:20 What is the best way to connect with Sawand? Links Instagram: Sawand Belcher https://www.instagram.com/thisismetakingaction/
Fri, 17 Nov 2023 - 25min - 86 - 072: From $7/hr as a Cook to $500,000 Per Year with Jason Marks
Do you see people driving an Aston Martin and wish they would mentor you? That's exactly the type of car Jason Marks saw in the parking lot of the restaurant he worked at where he made $7/hr. Jason made friends with the person who drove that car, and received wisdom about goal setting on how to earn more. Eventually, Jason to make $22k from finding a run down house and making a finders fee by passing it to an investor. This is called wholesaling real estate. Today, Jason makes about $500,000 per year wholesaling real estate. That's about $250 per hour! Jason said goodbye to making $7/hr at that restaurant. Tune in if you want financial freedom. We give you the steps to get there in this episode. David's Social: @dlecko https://www.dealmachine.com/pod Jason's Social: @jasonmarksnc
Wed, 15 Nov 2023 - 25min - 85 - 071: How To Analyze A Real Estate Deal with David Lecko
Are you wanting to replace your w2 income by wholesaling real estate, but get scared you'll make a bad offer on your first deal? Today we’re going to talk about how you can quickly analyze a deal that you can make a $10k finders fee from without putting more than $100 of your own money down. Your host David Lecko has been a real estate investor for 7 years and has created a process that has helped people close 10,000 deals in all 50 states. Tune in if you have already got an appointment with a seller of a distressed home, but you haven’t made your offer yet on their house. David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 13 Nov 2023 - 16min - 84 - 070: How Chris Replaced His $200k W2 Income with Chris Mignone
Do you hate being tied to your desk? Working a side hustle can give you a safety net and the freedom to leave your 9-5 job. Chris Mignone wasn't tied to a desk, he was tied to the outside of the building as a union window installer in New York City. Once his fist child was born, he wanted to spend more time with family. So he set out to do his first real estate wholesale deal, making $35k on the first one. Eventually, he made more than his $200k salary and went full time wholesaling and being a more present dad. Listen to this story if you want to do the same! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Fri, 10 Nov 2023 - 23min - 83 - 069: 10 Seller Objections Handled For You with Jennie Hudspeth
Have you been trying to replace your W2 income with wholesaling real estate? Do you spend time marketing to home owners but keep hearing objections? In this episode, we ask a sales trainer who has lead acquisitions at a company doing 1000 wholesale deals per year. Jennie Hudspeth gives us her top 10 seller objections and tells us how to handle them like a smooth operator to get the deal. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Jennie's Social: @jmg909https://reisalestools.com/ Key Talking Points of the Episode 00:00 Introduction 03:32 What is the best way to handle deals with multiple decision-makers? 06:06 How can you lead the seller you’re talking to toward a decision? 08:15 Why is it important to set the right expectations with your sellers? 10:01 What questions can you ask to overcome objections from sellers? 12:30 How can you learn more about the seller’s pain points? 15:43 What does it really mean when sellers say they’re not ready? 17:35 How can you get sellers to stay on the phone with you? 20:03 What can you tell a seller when they ask if you can call back? 21:35 What are sellers thinking when they tell you they have other things to consider? 23:41 How can you overcome the seller’s price expectations? 25:46 What can you do to get the interest of someone who says they’re not selling? 27:58 What is the best way to handle sellers who want to shop for offers? 30:48 How can you connect with Jennie?
Wed, 8 Nov 2023 - 31min - 82 - 068: 4 Convos To Your First Wholesale Real Estate Deal
Have you been looking at run down houses, but hesitate when it comes time to speak with the owner about buying it? You're not alone. In fact, I wasted 2 months looking at the same run down house every day, only to have my jaw drop when I noticed someone else bought it! In this podcast, our guest Dan Toback gives us 4 simple conversations that will lead us confidently through any convo with a seller and straight to the closing table. Plus, Dan has tested this method through doing 700 deals. David's Social: @dlecko https://www.dealmachine.com/pod Dan's Social: https://www.facebook.com/dan.toback Key Talking Points of the Episode 00:00 Introduction 01:44 What is Dan’s background? 04:00 How did Dan’s first appointment change his mindset? 06:39 Why is it important to surround yourself with supportive people? 08:01 How did Dan find his first deal? 10:11 Why was Dan confident in hiring an assistant before finding his first deal? 11:39 How did Dan manage leads with his VA? 13:06 What is the best way to handle inbound lead conversations? 15:45 Why is it important to have the right approach when talking to sellers? 18:20 Why is rapport a crucial factor in your conversations with sellers? 22:52 What is the importance of using a simple contract for your deals? 24:20 How does Dan handle dispositions in his real estate business? 27:10 How did Dan market his first deal to his network of buyers? 28:28 How did a change in Dan’s mindset help him grow as an investor? 29:32 Where should you be marketing as a real estate investor today? 30:25 How can you learn more about conversations with sellers? Links Podcast: MC011: They Want To Sell Their House At A Discount: Here's What To Say https://podcasts.apple.com/us/podcast/mc011-they-want-to-sell-their-house-at-a-discount/id1667656532?i=1000627976778
Mon, 6 Nov 2023 - 31min - 81 - 067: From KPMG Accountant To Making $25,000 On His First Deal | Okenno Johnson
Have you Googled "How To Get Rich In America" and decided real estate is how you want to build wealth? Our guest Okenno did just that and ditched his corporate job to make money wholesaling real estate. Wholesaling gives Okenno a finders fee when he finds a run down house, gets it under contract for a discount, and then passes the deal off to an investor who has money. Okenno "spills the tea" on how he is able to impact a lot of lives and build wealth for himself at the same time. David's Social: @dlecko https://www.dealmachine.com/pod Okenna's Social: @rehabking_johnson www.rehabkingacademy.com
Fri, 3 Nov 2023 - 25min - 80 - 066: How Ryan made $8500 in His First 14 Days Wholesaling Real Estate
Has your W2 job ever made you so mad that you wanted to quit on the spot? Financially, that is not an option for most, but when Ryan Haywood had his commissions cut - that was his final straw so he up and quit. On top of that, his wife was pregnant so he needed to come up with a plan to earn money quickly. This podcast covers how Ryan pulled off an $8500 profit in just 14 days wholesaling real estate. Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 1 Nov 2023 - 21min - 79 - 065: How to Get Your First Deal in 7 Days with David Lecko
Do you dream of earning money from your side hustle so you could actually quit your W2 job, but you just haven't been able to make your first real estate deal happen yet? Well, I wasted 7 months myself getting my first real estate deal, but now I know that with the right actions, I could have found my first deal in 7 days. In this short and sweet podcast episode, we give you the baby steps you need to get your first deal. Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod
Mon, 30 Oct 2023 - 16min - 78 - MC014: 4 Lies That Limit Our Profit with Anne Yatch
Calling All Ambitious W2 Employees Who Want To Leave Their Job within 12 months, Earn $1MM Per Year, Drive Their Dream Car, Pursue Their Passions, And Take Control Of Their Life! We Are Here So You Can Learn From People Who Replaced Their W2 Income By Wholesaling Real Estate - a way to earn big checks by finding discounted real estate and passing it off to an investor who has money, making $25k has a finders fee. Today, Anne Yatch, One of the fastest-growing real estate performance coaches joins us. Annie has helped leaders at $1M up to $2B companies increase their revenue and get the most out of their team.She will reveal the four lies we tell ourselves that limit our profit… and what to do about it to unlock your potential.Subscribe and Leave Us A Review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Anne's Social: @northstar.annie
Fri, 27 Oct 2023 - 1h 02min - 77 - 064: Making $60,000 In One Day Set Ky Logue Up For Financial Freedom
If you're an Ambitious W2 Employee Who Wants To Leave Their Job within 12 months, Earn $1MM Per Year, Drive Their Dream Car, Pursue Their Passions, And Take Control Of Their Life, Then This Episode Is For you! Learn From Ky Logue In This Episode Who Replaced His Income By Wholesaling Real Estate - a way to earn big checks by finding discounted real estate and passing it off to an investor who has money, making a $60k has a finders fee on a single deal!Kai has completed 30 deals in 2 years so far and talks about the specifics of his first 2 deals so you can follow in his footsteps.Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Ky's Social: @therealkyloguehttps://wholesalingsyndicate.com/
Wed, 25 Oct 2023 - 27min - 76 - 063: Making $125K on a Single Deal: How Colton Fast Leveraged Wholesaling to Achieve Financial Freedom
Calling all ambitious W2 employees Who Want To Leave Their Job within 12 months, Earn $1MM Per Year, Drive Their Dream Car, Pursue Their Passions, And Take Control Of Their Life! We sit down with Colton Fast, who went from being a W-2 employee to making a courageous leap into wholesaling, starting with a humble first earning of $4,500 that validated the lucrative potential of this business avenue and going on to make $125k on a single deal and achieving financial freedom. This episode is a treasure trove of inspiration and a testament to what's achievable with determination and the right strategies in wholesaling real estate - a way to earn big checks by finding discounted real estate and passing it off to an investor who has money, making $25k has a finders fee. If you're contemplating taking the reins of your financial future into your hands, this is a must-listen episode packed with insights! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 23 Oct 2023 - 30min - 75 - 062: You Don't Need An Accountability Partner! with Tom Krol
Tom Kroll built and sold the number one education company in wholesaling, Wholesaling Inc. Having started with little experience, Tom has proven that wholesaling real estate isn't just a viable pathway to financial freedom, it's a rapid one, allowing individuals to generate significant cash with a relatively small initial investment. Join us as Tom shares his golden rules of business, emphasizing the importance of revenue-generating activities and exposing the ""great lie"" of accountability partners. Prepare to be galvanized into action as Tom urges listeners to embrace discomfort and take decisive, revenue-focused actions right out the gate. Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Tom Social: @coaching_inc
Fri, 20 Oct 2023 - 34min - 74 - 061: Turning $10 into $25,000: Uncle Charles Hernandez
Uncle Charles shares his remarkable journey from knowing virtually nothing about wholesaling to earning a whopping $25,000 on his very first deal, using just $10 as the earnest money. Tune in as he unveils the strategy behind wholesaling, where he mastered the art of solving people’s problems and turning them into profitable deals. Charles emphasizes the power of understanding your local market and building connections within neighborhoods to find the best opportunities. Whether you are considering quitting your job to start in real estate or looking to enhance your wholesaling strategies, this episode is packed with firsthand experiences and actionable tips that could pave the way for your financial freedom. Learn how Charles went from door knocking to leveraging tools that expedited his success. His story is a testament to what is possible in the wholesaling world even with little experience, and a must-listen for aspiring financial freedom seekers. Don't miss this chance to learn from one of the best in the industry! David's Social: @dlecko https://www.dealmachine.com/pod Charles' Social: @realunclecharles
Wed, 18 Oct 2023 - 28min - 73 - 060: From Feeling Stuck To Earning $10K On The Side, To Unlimited Potential
In this episode of the DealMachine Real Estate Investing Podcast, former 911 operator Randy Guevarra shares his inspiring transition from the emergency room to the lucrative world of real estate wholesaling. Are you yearning for a change from your nine-to-five and dreaming of financial freedom? With no prior experience, Randy struck gold on his first deal, pocketing a cool $10,000 — and he’s here to walk you through every step of how he did it. Learn the basics of wholesaling, where you find discounted property opportunities and flip them for a profit, and discover Randy's approach to prioritizing people over profits, securing deals that are a win-win for everyone involved. Dive into Randy's insightful strategies and join him as he charts his path to the elite $50k per-deal club with an out-of-the-box approach that is shaking up the Las Vegas real estate market. Don't miss this master class in building a life you love through real estate wholesaling! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Randy's Social: @rjrhomesllc
Mon, 16 Oct 2023 - 28min - 72 - 059: How Curiosity Netted Michael a Cool $23,000
Michael McDonald is a man who daringly stepped away from his dead-end job as a nutritionist earning $30,000 a year to chase a dream of traveling and driving his dream car. Wholesaling real estate, a business model where properties are bought and sold quickly without property renovations, allowed Michael to earn $23,000 from his very first deal. Michael candidly discusses his initial struggles, his strategies like "driving for dollars", and his steadfast determination which culminated in over 200 successful deals. For anyone desperate to escape the monotony of their 9 to 5 and reshape their financial future, this episode is a must-listen. Dive in and discover how dedication, guidance, and a touch of faith can pave the way to unforeseen success. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Michael's Social: @michaelmcdonaldrei
Fri, 13 Oct 2023 - 29min - 71 - 058: You Can Make $35k without Knowing the Zestimate or How Much a Kitchen Costs
Ever felt stuck in your job, wanting to make more money and take charge of your time? Dive into this episode with our special guest, Jeremy Beland, who ventured into the world of wholesaling real estate and transformed his life. Starting with absolutely zero experience, Jeremy made a quick $5,000 on his first deal. Today, after closing over 350 deals, he averages an impressive $35,000 per transaction. Wholesaling real estate is a way to escape the 9-5 grind and build a cash machine, even if you don't have tons of money upfront. Jeremy shares his invaluable insights, including how being authentic can help you clinch deals, the importance of understanding the seller's distress, and the power of belief that pushes you to secure that first deal. If you're looking for inspiration to quit your mundane job and carve a path to financial freedom, this episode is your roadmap. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Jeremy's Social: @jeremybeland
Wed, 11 Oct 2023 - 30min - 70 - 057: Making More in a Month Than Most Do in a Year: Shane Belfield Wholesaling Real Estate
Join us as we dive deep into Shane Belfield's incredible journey from earning $58,000 a year as a sales manager to raking in over half of that in just one month, all thanks to wholesaling real estate. Thinking of quitting that monotonous 9-to-5 grind? Based in Arizona and operating virtually in St. Louis, Shane breaks down the art of wholesaling — finding a fixer-upper and getting paid for finding it, without the risk associated with traditional house flipping. This episode is a must-listen for anyone wanting to take control of their financial destiny. Dive in to discover how wholesaling can be the change you're looking for, even with limited experience in the real estate world. Subscribe and leave us a review! Key Takeaways: 1. Escape the 9-to-5 Grind: This podcast episode offers insights and inspiration for those considering leaving their conventional 9-to-5 jobs, highlighting Shane Belfield's journey as a case study in achieving financial independence. 2. Wholesaling Real Estate Strategy: Listeners will gain valuable knowledge about the world of wholesaling real estate, with a focus on Shane's approach, which involves identifying fixer-upper properties and earning income without the typical risks associated with house flipping. 3. Empowerment and Change: The episode encourages individuals to take control of their financial future, emphasizing how wholesaling can offer a path to change, even for those with limited experience in the real estate industry. Subscribing and leaving a review are encouraged, suggesting ongoing content and engagement in this area. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Mon, 9 Oct 2023 - 28min - 69 - MC013: $1 Million Per Year From Finding Run Down Houses
Zack Covers low cost marketing methods to get started, including door knocking and driving for dollars. This Masterclass, taught by Zack Boothe to a live audience, covers how Zack makes $1,000,000 per year in Utah for finding run down houses and passing them off to investors and making a finders fee. Key Takeaways: 1. Income Potential: Zack Boothe shares insights on how he achieves an impressive annual income of $1,000,000 by identifying distressed properties and connecting them with investors for a finder's fee. 2. Real Estate Strategy: The podcast delves into Zack's successful real estate strategy, focusing on identifying run-down houses as a profitable niche within the market. 3. Low-Cost Marketing: Listeners can expect to learn about cost-effective marketing methods to enter the real estate industry, including door knocking and driving for dollars, making it accessible for beginners. 4. Finding Distressed Properties: The masterclass covers the art of locating distressed properties, a critical skill for anyone interested in the real estate investment field. 5. Connect with Investors: Zack explains how to effectively connect with investors, emphasizing the importance of building relationships in this industry to facilitate profitable deals. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Zack's Social: @zackboothe
Fri, 6 Oct 2023 - 41min - 68 - 056: From $10k Deal to Starting The Fastest-Growing Real Estate Franchise
We sit down with Mark Stubler, the mastermind behind the fastest-growing real estate franchise, Joe Homebuyer. Just eight years ago, Mark was a regular guy selling fencing and decking products. A call to autonomy led him to wholesaling, a unique real estate strategy that changed his life. If you've ever felt trapped in your job and dreamed of having complete control over your destiny, this episode is your wake-up call. Discover how Mark made $10,000 from his first ever wholesale deal and why he believes anyone can replicate his success. Plus, get a crash course in what wholesaling is, and how it can be the gateway to your financial freedom. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
Wed, 4 Oct 2023 - 31min - 67 - 055: Skip Corporate To Travel The World And Become A Millionaire To Pay For Your Travels
Greg Helbeck skipped corporate to travel the world and became a millionaire to pay for his travels. He shares being a broke college student in his 20s to making $5,000 on his very first deal and executing over 150 deals since 2016. He took trips to Japan and Dubai most recently. Join Greg Helbeck as he unravels the remarkable journey from being a broke college student in his 20s to becoming a self-made millionaire, all while living out his dreams of globetrotting. With an engaging narrative, Greg dives into the nitty-gritty details of his transformational experience, sharing anecdotes from the days of financial struggle to the pivotal moment when he closed his very first real estate deal, earning an impressive $5,000. His story is not just a tale of financial success, but a testament to the power of determination and resourcefulness. Through over 150 deals executed since 2016, Greg has honed his skills in the world of real estate, and he's here to guide you on the same path towards financial freedom and adventure. In this episode, Greg peels back the curtain on the real estate strategy that has been the cornerstone of his incredible journey: wholesaling. Gain valuable insights into how Greg identifies rundown properties, negotiates contracts, and then assigns them to eager investors in exchange for a fee. His knack for spotting opportunities in the real estate market has even led him to witness jaw-dropping profits, with a staggering $200,000 earned on a single wholesale deal. So, whether you're an aspiring real estate enthusiast or simply curious about the world of entrepreneurship, this podcast promises to be a treasure trove of knowledge and inspiration. Listen now to embark on a transformative journey of your own! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Greg's Social: @grego_37
Mon, 2 Oct 2023 - 31min - 66 - 054: From $30,000 In Debt To Making $50,000 In 6 Weeks with Mike DeHaan
Mike DeHaan made the daring leap from a six-figure engineering salary to building a life he loves through wholesaling real estate. Mike was once shackled to the conventional 9-to-5 grind but found time freedom and financial independence with real estate, making an astonishing $50,000 within six weeks of his first deal.So, what is wholesaling? Wholesaling real estate involves finding a rundown house and passing it off to an investor who pays you a finder's fee, without the need for huge down payments or even having to close on the property yourself.Tune in and discover how you can change your life!Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Mike's Social: @collectingkeyspodcast
Fri, 29 Sep 2023 - 29min - 65 - 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegas
Philip Villegas transitioned from selling insurance and gambling to making $35,000 on his very first real estate wholesaling deal! Wholesaling real estate is a proven business model that offers an incredible opportunity to make your annual salary even monthly, if done right. Discover how Philip, with no prior experience in real estate, located a neglected house, negotiated with the owner, and turned it into a profitable deal within 14 days. If you're looking to quit a job you dislike and take control of your life, this episode is packed with insights that can set you on the path to freedom and financial stability.Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Phillip's Social: @keygleectx
Wed, 27 Sep 2023 - 31min - 64 - 052: A Single Deal, A Six-Figure Gain: Michael Pinter's Extraordinary Wholesaling Success Story
Ever dreamed of quitting your day job for a life of financial freedom? Michael Pinter did just that, making an astounding $100,000 on his very first real estate wholesale deal in New York. Wholesaling real estate is a business model where you can get properties under contract at a discount and then assign that contract to cash buyers, making the difference. It doesn’t require significant cash investments, making it accessible to many. Tune in to learn the ins and outs of wholesaling and how you can follow in Michael's footsteps to achieve the financial freedom you've always desired. Throughout this engaging podcast, Michael shares the invaluable insights, strategies, and lessons he learned along the way, making it accessible and relatable for anyone considering a similar path to financial independence. His journey is not just about dollars and cents; it's a testament to the power of determination, grit, and the willingness to embrace calculated risks. Listeners will discover the secrets behind Michael's swift ascent in the real estate industry, gaining a front-row seat to his journey from novice to expert. He discusses the challenges he faced, the mentors who guided him, and the pivotal moments that shaped his career. Aspiring entrepreneurs and real estate enthusiasts will find this podcast an invaluable resource, filled with practical advice and inspirational anecdotes that can help them chart their own course towards financial freedom. In addition to Michael's captivating story, this podcast series features interviews with industry experts, fellow real estate entrepreneurs, and financial advisors who offer their unique perspectives on achieving financial freedom through real estate investing. By shedding light on the intricacies of real estate wholesaling, market trends, and innovative investment strategies, this podcast equips its listeners with the knowledge and motivation they need to take the first step towards transforming their own financial futures. Tune in as we explore the world of real estate through Michael Pinter's remarkable journey, and let his success story inspire and guide you on your own path to financial independence. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Michael's Social: @howtoflipnewyorkbiggerflips.com
Mon, 25 Sep 2023 - 25min - 63 - MC012: A Masterclass On Sales: Critical Skills To Obtaining Financial Freedom with Paul Myers
Paul Myers teaches a masterclass on sales training to a live audience that is building a wholesaling real estate business to obtain financial freedom. Join us on this exciting episode as Paul Myers, a seasoned sales expert, takes the stage to deliver a masterclass in sales training. In this dynamic podcast, you'll have a front-row seat to Paul's engaging presentation, tailored specifically for a live audience of ambitious individuals embarking on their journey to financial freedom through wholesaling real estate. Paul's wealth of experience and deep knowledge in the world of sales will equip you with invaluable insights, strategies, and techniques to help you supercharge your real estate wholesaling business. Whether you're a seasoned professional or just starting out, Paul's expert guidance will empower you to take your sales skills to new heights, ultimately paving the way for your financial success in the competitive real estate market. Don't miss out on this opportunity to learn from a true sales maestro as Paul Myers imparts his wisdom, shares real-world anecdotes, and provides actionable takeaways that can transform your approach to wholesaling real estate. Tune in, take notes, and get ready to revolutionize your sales game as you work towards achieving your financial goals. Key Takeaways: Effective Communication is Key: Paul emphasizes the importance of clear and persuasive communication when dealing with potential real estate clients. Learning to articulate your value proposition and address objections confidently can significantly impact your success in wholesaling. Building Relationships: In the real estate industry, relationships matter. Paul stresses the need to build and maintain strong connections with clients, investors, and industry professionals. Nurturing these relationships can lead to long-term partnerships and business opportunities. Sales Psychology: Understanding the psychology of buyers and sellers is crucial. Paul delves into the psychology behind decision-making processes, teaching techniques to influence and guide clients towards favorable outcomes. Negotiation Strategies: Successful negotiation skills are essential in real estate. Paul provides valuable insights into negotiation tactics, helping you secure better deals and maximize profits in your wholesaling endeavors. Continuous Learning: Finally, Paul encourages a commitment to lifelong learning. The real estate market is ever-evolving, and staying up-to-date with industry trends and adapting your sales strategies accordingly is vital for long-term success. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Paul's Social: @myershousebuyers https://www.myershousebuyers.com/
Fri, 22 Sep 2023 - 1h 17min
Podcasts similar to The DealMachine Real Estate Investing Podcast
- Accelerated Real Estate Investor Accelerated Real Estate Investor Podcast
- The Andrew Hines Real Estate Investing Podcast Andrew Hines
- BiggerPockets Money Podcast BiggerPockets
- BiggerPockets Real Estate Podcast BiggerPockets
- On The Market BiggerPockets
- Real Estate Rookie BiggerPockets
- Real Estate Breakthrough Christina Suter
- El Partidazo de COPE COPE
- Herrera en COPE COPE
- Real Estate Investing Profits Master Series with Cory Boatright Cory Boatright
- The Dan Bongino Show Cumulus Podcast Network | Dan Bongino
- Real Estate Investing Podcast EPM Real Estate
- Es la Mañana de Federico esRadio
- Austin Real Estate Investing jordanmoorhead
- RISE Real Estate Investing Podcast Mayu Thava & Austin Yeh
- Real Estate Investing Women Real Estate Investing Women
- Lifetime Cash Flow Through Real Estate Investing Rod Khleif
- Real Estate Experiment Ruben Kanya
- El Larguero SER Podcast
- Nadie Sabe Nada SER Podcast
- SER Historia SER Podcast
- Real Estate Training & Coaching School Tim & Julie Harris - Real Estate Coaches
- Real Life Real Estate Investing Vena Jones Cox
- 辛坊治郎 ズーム そこまで言うか! ニッポン放送