The DealMachine Real Estate Investing Podcast

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 Introduction01:01 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 Medinahttps://www.instagram.com/realestatelano/ Podcast: 094: 3 Cold Calling Tips Learned from 60 Wholesale Real Estate Deals Dillano Medinahttps://podcasts.apple.com/us/podcast/094-3-cold-calling-tips-learned-from-60-wholesale-real/id1667656532?i=1000640636366   

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 Introduction01:01 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?  

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 Introduction01:01 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?

David breaks down the top 5 ways to find undervalued real estate in 2024. Key Talking Points of the Episode 00:00 Introduction00:50 Driving for dollars01:48 Tax delinquent properties02:39 Liens03:17 Code violations03:45 Pre-foreclosures04:38 Probate05:16 Deal Machine FREE trial Links Website: Deal Machinehttps://www.dealmachine.com

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 Introduction00:49 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 Agreementhttps://www.dealmachine.com/jv Instagram: Backstreet Property Investmenthttps://www.instagram.com/backstreetpropertyinvestments/ Youtube: Backstreet Property Investmenthttps://www.instagram.com/backstreetpropertyinvestments 

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 Introduction01:15 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 Leckohttps://www.instagram.com/dlecko 

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 Introduction01:20 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 Passionatehttps://www.amazon.com/Passive-Passionate-Wealth-Passions-Profits/dp/B0CLPKKDXJ Podcast: The Action Academyhttps://podcasts.apple.com/us/podcast/the-action-academy-millionaire-mentorship-for-your/id1588326291 

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 Introduction01:41 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 Investmentshttps://www.instagram.com/heritage_home_investments 

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 Introduction01:51 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 Leckohttps://www.instagram.com/dlecko/  

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 Introduction04:22 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 Toolshttps://reisalestools.com/ Email: Jennie Hudspethjennie@reisalestools.com