David and Ryan sit down with Armando Banuelos, a 20-year courthouse auction veteran, to break down how he actually wins deals at the courthouse steps—and then, in the middle of the episode, he negotiates and locks up a $1.4M deal live on the podcast. Armando explains how preparation, patience, and understanding auction mechanics separate real buyers from spectators, why courthouse deals still work today, and what most investors completely misunderstand about buying this way.

KEY TALKING POINTS:

0:00 - Intro

0:26 - An Overview Of Armando Banuelos’ Business

1:12 - How He Got Started

4:18 - Outsourcing The Work & Finding Contractors

5:35 - How Much He Made From His First Deal

6:51 - Getting Deals From The Courthouse Now

8:50 - Bidding On A House Live & How Auctions Work

16:09 - What He’s Going To Do Next

18:13 - Closing Thoughts

19:32 - Outro

LINKS:

Instagram: Armando Banuelos

https://www.instagram.com/armandobanuelos.cig/

Website: Capitol Buys Houses

https://www.capitolbuyshouses.com/

Instagram: David Lecko

https://www.instagram.com/dlecko

Website: DealMachine

https://www.dealmachine.com/pod

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

489: $1.4M Courthouse Deal—LIVE on the Podcast