The DealMachine Real Estate Investing Podcast

If you've closed 10 real estate wholesale deals within a year's time period, and you're looking to do 20 next year, this episode is going to help you figure out how to test new strategies to grow your business. If you're not doing 10 deals per year, you'll be able to see around the corner of what is to come and you'll be able to avoid focusing on the wrong things. Key Talking Points of the Episode 00:00 Introduction02:14 How effective is it to market to eviction lists?03:42 What is the 360 marketing strategy?06:04 How does the 360 marketing strategy make driving for dollars more effective?08:17 Why is it important to find ways to improve your marketing?09:29 What marketing strategy should new investors focus on?10:37 What is the biggest expense with the 360 marketing strategy?12:02 How does the 360 marketing strategy put you in front of your leads more?13:08 Why is it more ideal for new investors to drive for dollars first? 

Want to invest in real estate to replace your W2 and be your own boss? Our guest asks top questions on getting started and we answer them! Key Talking Points of the Episode 00:00 Introduction02:17 When do real estate investors use debt for properties?04:01 How do interest rates affect your real estate deals?05:37 Where did the idea for the Deal Machine app come from?06:48 What motivated David to build the Deal Machine app?07:39 What was the first property David invested in?09:38 What is difference between how we do real estate today from before?10:18 How can new investors take advantage of DSCR loans?12:05 What is the BRRR strategy?13:04 How can new investors avoid getting into bad deals?14:10 What is the difference between being an agent and a wholesaler? Links Podcast: 065: How to Get Your First Deal in 7 Days with David Leckohttps://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Instagram: David Leckohttps://www.instagram.com/dlecko Instagram: Heritage Home Investmentshttps://www.instagram.com/heritage_home_investments

If you want financial freedom, you may have heard several options like selling solar panels, trucking, selling amazon items, starting a pottery company. Mike shares his experience and insights on starting a wholesaling business in real estate. He discusses his motivation for getting into wholesaling, the challenges he faced as a young entrepreneur, and the benefits of the real estate industry. Mike emphasizes the importance of staying focused, building a team, and balancing investments with enjoying life. He also highlights the advantages of real estate as an appreciating asset and a source of passive income. Mike concludes by sharing his social media handle and expressing his appreciation for the value provided by Deal Machine. Takeaways • Wholesaling in real estate is an attractive business model with low overhead and the potential for high profits.• Staying focused and building a team are key to success in wholesaling.• Real estate is a conservative and appreciating asset that offers multiple benefits, including cash flow, appreciation, leverage, and tax advantages.• Balancing investments with enjoying life is important for long-term happiness and fulfillment.• Deal Machine is a valuable software for real estate investors, providing efficient lead generation and skip tracing. Chapters 00:00 Starting a Wholesaling Business in Real Estate03:19 Challenges and Motivation as a Young Entrepreneur08:36 The Benefits of the Real Estate Industry13:45 Balancing Investments and Enjoying Life15:18 The Advantages of Real Estate as an Appreciating Asset David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

Statton Paris shares his journey from working in sales at a car dealership to becoming a high-earning real estate wholesaler. He started wholesaling two years ago and made almost $10,000 on his first deal. He was motivated to start wholesaling because he wanted more control over his time and didn't enjoy the work and long hours in the car dealership industry. Statton primarily uses driving for dollars to find deals and has had success with door knocking and leaving letters on doors. He emphasizes the importance of making low offers and negotiating with both sellers and buyers to increase assignment fees. His future goal is to reach six figures a month and provide a better life for his family. Key Talking Points of the Episode 00:00 Introduction01:30 Why did Statton decide to get into wholesaling real estate?02:47 How is wholesaling real estate different from working in the mortgage space?03:55 What does Statton like most about wholesaling real estate?04:49 How did Statton find his first wholesale deal?05:41 How did Statton approach leads after door knocking?06:39 How many doors did Statton knock on to find his first wholesale deal?07:47 Where did Statton find a buyer for his first wholesale deal?08:23 How did Statton identify how much to offer on the property?10:06 What is Statton’s second wholesale deal like?11:49 What was Statton’s experience like with flipping properties?14:22 What does the future like for Statton’s real estate business?15:39 What should you focus on improving when dealing with buyers?17:55 How do you get better in dealing with sellers?20:11 What are Statton’s goals for the future?24:02 What is Statton’s advice for new investors?  

If you want to 10x your income and replace your w2, our guest today explains how he went from making $500 per week working at a restaurant to making $15,000 per week marketing for solar panel leads. This did not happen overnight, but he did a very similar style of marketing to wholesaling real estate, which is why we thought you'd enjoy this episode a lot. Key Talking Points of the Episode 00:00 Introduction01:11 What is Kyle’s background?03:15 How does Kyle market to homeowners?04:30 How does Kyle manage his team?05:14 Why did Kyle decide to get involved in the solar business?07:07 How long did it take for Kyle to replace his $500 salary?08:16 How does Kyle help solar installers with marketing?09:45 What are the benefits of working this business model?11:08 How does Kyle manage the leads they generate for the solar industry?12:38 How can you get involved in lead generation for the solar industry?14:45 What type of properties does Kyle target for their solar deals?16:42 How many projects would it take to make $15K with Kyle’s deal model?18:12 What does the future look like for Kyle and his team? Links Instagram: Kyle Granthttps://www.instagram.com/kyle__grant/ Instagram: David Leckohttps://www.instagram.com/dlecko   

If you want more income and time freedom, our guest demonstrates the potential of wholesaling real estate with a total of 500 deals in 8 years, while moving to a new city every year to support his wife's military career. Key Talking Points of the Episode 00:00 Introduction01:06 How did Derek find his first wholesale deal?02:55 What made Derek decide to get involved in real estate?04:07 Why is Derek only focused on wholesaling in one market?05:13 How has Derek wholesaled properties through the years?06:00 What was Derek’s smallest assignment fee ever?08:32 How has wholesaling changed over the last 8 years?09:28 Why shouldn’t you build a business around free leads?10:13 What are the best ways to find off market deals?11:34 What are the lists that Derek sends marketing to?12:11 How does Deal Machine help cut costs in skip tracing?15:04 How can you get in touch with Derek? Links Youtube: Real Estate Dadhttps://www.youtube.com/@TheRealRealEstateDad/ 

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. Key Talking Points of the Episode 00:00 Introduction01:10 How did John find his first wholesale deal?02:23 What strategy did John use to market to sellers?03:13 How did John analyze the value of the property virtually?04:03 How did John come up with the offer price for this property?05:41 What response did John get from his offer?06:26 How does John plan to find a buyer for his first wholesale deal?07:32 What is John stuck on with this wholesale deal?08:23 What makes finding a buyer challenging?10:23 How can real estate agents help you re-negotiate the price with the seller?11:41 How did John come up with the ARV for the property?13:48 What would the numbers be if we ran them in Deal Machine?16:15 How can John make the deal work? 

Real estate agents and real estate wholesalers do not always see eye to eye, but it is possible to actually work well together. Today we speak with our co-host and wholesaler, Ryan Haywood, along with his real estate agent, Chuck Davis, to find out how they are able to better serve clients by working together. Key Talking Points of the Episode00:00 Introduction01:11 How can wholesalers and realtors work well together?03:41 How could realtors benefit from working with wholesalers?05:17 What should realtors know about working with wholesalers?07:37 How can realtors help wholesalers find good off-market deals?10:29 How did Chuck and Ryan start working together?12:49 What are the benefits of working with realtors?16:16 Why does it make sense for realtors to work with wholesalers today?18:16 When should wholesalers start working with realtors?20:42 How can you get in touch with Chuck?LinksFacebook: Chuck Davishttps://www.facebook.com/chuckdavisrealestate 

You're here because you want to break the shackles of your nine to five and start a business that gives you more time freedom in your life. The proven business model we're covering on this podcast is wholesaling real estate, which is a strategy where you find a rundown house, you pass it to an investor to make $10,000 like our guest Andrew did exactly a year ago. And he's now done about eight deals so far. And he's finding out that wholesaling is a great strategy, but there's something new he learned that he's actually doing even more of called Novations. So he's gonna talk about what this real estate tool is and how you can use this in your tool belt as a real estate wholesaler so that you can help more people and make more money. My name's David Lecko. This is the podcast for 10Xing your income and replacing your W-2 through wholesaling real estate. I created a process called Deal Machine that's helped people close 10,000 deals on all 50 states in the last seven years. Key Talking Points of the Episode 00:00 Introduction01:15 How did Andrew find his first wholesale deal?02:00 Why did Andrew decide to build a buyers list first?03:23 How did Andrew meet with cash buyers he added to his list?04:20 What was the first list that Andrew marketed to?05:34 What is Andrew’s background?06:32 What was it like when Andrew first started wholesaling?07:46 How many deals has Andrew done since he started wholesaling?08:42 What was the biggest surprise Andrew had in wholesaling?10:40 How is a novation different from wholesaling?12:30 When would a novation work best for a deal?14:10 Why should you do 3 novations every 1 wholesale deal?15:05 Why would novations work better than listing with a realtor?16:07 What is Andrew looking forward to?17:28 How has Deal Machine helped Andrew in his real estate business?    

In this conversation, David Lecko and Zach Booth discuss the driving for dollars strategy in real estate wholesaling. They cover the four categories of properties to look for: rundown properties, absentee owner properties, owner-occupied properties, and corporate-owned properties. They emphasize the importance of adding any properties with signs of distress to your marketing list, regardless of ownership type. They also discuss the effectiveness of different marketing strategies for each category and the importance of prioritizing your time and resources. Overall, the driving for dollars strategy can be highly profitable and allows for scalability and freedom. Key Talking Points of the Episode 00:00 Introduction01:15 What are the 4 kinds of properties to look for when driving for dollars?03:05 Why is it worth marketing to owner-occupied properties?04:49 What is the best way to market to corporate-owned properties?07:07 How can you find contact information for corporate-owned properties?10:45 Why is it important to still drive for dollars in person?12:30 What are the best ways to make the most of your driving for dollars list?13:40 How can you make driving for dollars more convenient with Deal Machine?15:08 What are the most important kind of properties to market to?17:01 Why are owner occupied properties more profitable than the rest?18:36 How can the Driving for Dollars Mastery podcast help you get started? Links Podcast: Driving for Dollars Masteryhttps://podcasts.apple.com/in/podcast/driving-for-dollars-mastery/id1570543403