The DealMachine Real Estate Investing Podcast 011: From Struggling to Making $105k on Their 3rd Deal feat. The Polites
In this episode of the DealMachine REI Podcast, we welcome Krystal and Dedric Polite, a power couple in the real estate investing space. They share their inspiring journey, from their unique meeting to building a successful real estate portfolio and starring in a TV show called "50/50 Flip" on A&E.
Krystal and Dedric recount the early days of their relationship, which began with a focus on business and personal growth. Their initial struggles in real estate investing led them to discover DealMachine, an app that played a pivotal role in their success. With determination and smart strategy, they closed their first few deals and used the proceeds to build their rental and flipping portfolio.
The couple discusses their approach to analyzing multi-family properties, emphasizing the importance of the 1% rule for rentals and the need to estimate repair costs accurately. Dedric also highlights the value of software tools to analyze deals and ensure profitability. With a current portfolio of 70 units, they share insights on managing rentals and offer rent-to-own options for potential homeowners who struggle to qualify for mortgages.
Krystal and Dedric share some valuable lessons learned from their journey, such as the importance of not scaling too fast and knowing when to hire help. They also recount their experience with a challenging deal that ultimately led to a significant expansion of their portfolio. Finally, the couple reflects on their long-standing business partnership and the importance of working with the right partner.
Tune in to this episode to learn from Krystal and Dedric's experience and gain insights into the world of real estate investing, rental properties, and building a successful business partnership.
David's Social: @dlecko
**https://www.dealmachine.com/pod**
Ryan's Social: @heritage_home_investments
**https://www.heritagehomeinvestments.com/**
The Polite’s Social: @bepoliteproperties