The DealMachine Real Estate Investing Podcast

David Lecko, Ryan Haywood
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Mar 22, 2024 • 14min

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 Introduction01:20 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: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/
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Mar 20, 2024 • 13min

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 Introduction01:44 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: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/
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Mar 18, 2024 • 14min

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 Introduction02:31 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 Themhttps://podcasts.apple.com/us/podcast/078-25-motivated-seller-lists-best-order-to-approach-them/id1667656532?i=1000636896361  
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Mar 15, 2024 • 24min

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 sellers3. 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 Episode00:00 Introduction00:45 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?LinksYoutube: 40-Day Wholesaling Challengehttps://youtube.com/playlist?list=PLllCT_EWOAmU3SK1t-BaGeQFr6DeSnB3N&si=Jyl-rZyayacg_Qe5Podcast: 111: 3 Seller Objections Handled For You with Zack Boothehttps://podcasts.apple.com/us/podcast/111-3-seller-objections-handled-for-you-with-zack-boothe/id1667656532?i=1000645286752 David's Social: @dleckohttps://www.dealmachine.com/pod
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Mar 13, 2024 • 16min

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 Introduction01:07 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 Hillmanhttps://www.instagram.com/deshanhilman David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
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Mar 11, 2024 • 19min

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 Introduction01:55 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: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
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Mar 8, 2024 • 23min

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 Introduction01:13 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 Arabihttps://www.instagram.com/realestatedoru Website: First Flip Challengehttps://www.firstflipchallenge.com/get-ticket
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Mar 6, 2024 • 18min

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 Introduction01:12 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. Dherbyhttps://www.instagram.com/ms_dherby/ Podcast: Landing the Deal Podcasthttps://wholesalinglandqueen.com/podcast/ David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/  
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Mar 4, 2024 • 25min

119: How To Shrink a Large Gap in Offer Price

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 Deal01:34 Making Offers and Negotiating with Sellers04:17 Providing Value to Sellers06:15 Addressing a Large Gap in Offer Price08:12 Preventing Disappointment for Sellers10:28 Transitioning from Corporate America to Wholesaling12:57 Hiring and Building a Team15:26 Future Plans and Expansion20:40 Starting with Wholesaling23:18 Possibility of Meeting in Person David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
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Mar 1, 2024 • 26min

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 Introduction02:41 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 Hernandezhttps://www.instagram.com/saint.hernandz/ David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/

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