The DealMachine Real Estate Investing Podcast

In this episode, we explore the ins and outs of finding a hard money lender for your real estate deals. Our guest, Patrick Rigg, a seasoned real estate professional specializing in residential single-family properties, shares his knowledge and expertise on what to look for in a hard money lender, how to find the right lender for your specific needs, and how to structure deals with lenders to maximize profitability. He also offers insights on the pros and cons of working with hard money lenders compared to traditional lenders, and how to mitigate risks associated with hard money loans. If you're a real estate investor looking to secure financing for your deals, this episode is a must-listen for you. David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

In this informative episode of the DealMachine REI podcast, David and Ryan chat with Marcus, a seasoned accountant and real estate expert, about the importance of properly managing taxes in the real estate investment world. Learn why it's crucial to set aside money for taxes from each deal and the value of having a CPA on board from day one. Marcus explains the benefits of an LLC and S-Corp, the importance of having industry expert bookkeepers, and how to wisely reinvest your profits to grow your business.Whether you're a wholesaler, fix and flipper, or rental property owner, this episode is packed with indispensable advice to help you navigate the complexities of real estate taxes and prevent costly mistakes. Marcus emphasizes the need for slow, strategic growth and the value of delayed gratification in building a successful real estate business. Don't miss this essential episode that could save you from potential tax pitfalls and keep your momentum on the path to success. David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

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: @bepolitepropertieshttps://www.politeproperties.com/https://www.dedricandkrystal.com/

Looking for expert insights on how to navigate title issues and streamline your real estate investment process? Tune in to the latest episode of the DealMachine REI podcast with guest Palak Shah, founder of a leading title company.Palak shares his personal experience of a nightmare closing and how it inspired him to create a more investor-friendly title company. He defines different types of liens, including voluntary and involuntary, and explains the importance of working with an investor-friendly title company that can help clear any title issues. Palak also highlights the benefits of title insurance and offers valuable tips on contract clauses and negotiating fees.Whether you're a seasoned investor or just starting out, this episode is packed with actionable insights to help you avoid costly mistakes and make more informed decisions. Don't miss out - tune in now to the DealMachine REI podcast! David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/Palak's Social: @hudlytitle 

David and Ryan explore the crucial aspect of effectively presenting property deals to potential buyers. They delve into Ryan's journey, which began with basic and generic listings on Facebook Marketplace, eventually evolving into a more polished and strategic approach.Throughout the episode, they emphasize the significance of transparency regarding property conditions, as well as building trust and maintaining open communication with buyers. They discuss how Ryan has cultivated a solid buyers list over the years through networking, referrals, and fostering relationships within the real estate community.Another critical aspect of presenting deals is providing detailed information on both positive and negative aspects of the property, it doesn’t necessarily need to include numbers you can just use descriptive visuals. The episode also highlights how Ryan has fine-tuned his marketing materials, incorporating visually appealing designs and essential numbers that buyers need to make informed decisions.Ryan and David touch on the importance of offering personalized support to buyers, including rehab services, and the value of creating positive experiences to encourage repeat business. David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

In this episode of the DealMachine Real Estate Investing podcast, hosts David and Ryan discuss how to easily find buyers to close your real estate deals. Ryan shares his experience and breaks down some of the conversations and tactics he used to find his first buyer for his first deal. He reveals that he used Facebook Marketplace and then grew his list of buyers through referrals and social media. They discuss the different ways to find buyers, including working with wholesalers, using social media platforms like Instagram, and going to title companies to find buyers. Ryan emphasizes the importance of having a JV contract before sending it to any buyers and the benefits of building personal relationships with buyers. David shares a story about a deal he almost wholesaled by Googling "We buy houses" and finding Simple Wholesaling.Finding buyers may seem daunting at first, but with a good deal, buyers will come. This episode provides valuable insights and practical tips to help you easily find buyers and close more real estate deals. David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

As a real estate investor, accurately estimating renovation costs is crucial to the success of your investment. But let's face it - estimating costs can be a daunting task. On this episode of the DealMachine Real Estate Investing Podcast, we tackle the topic of estimating renovation costs head-on.Learn a few different strategies for tackling that estimate - from Ryan's system of estimating price per sq foot, broken up by the level of renovation required to David making sure he leaves extra room for renovation costs by making low offers using the 70 percent rule.They also discuss the importance of experience in getting accurate estimates, with David noting that it gets easier with practice. David even breaks down a renovation budget he did on one of his previous deals and Ryan offers his thoughts on the accuracy of the estimates.So tune in to the DealMachine Real Estate Investing Podcast for valuable insights and strategies to help you accurately estimate renovation costs and make profitable real estate investments.David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

In this episode, Ryan and David discuss the critical importance of analyzing deals correctly in real estate investing. They delve into the concept of ARV and the significance of developing a rehab estimate to accurately analyze a property. They also explain how to calculate an offer using ARV and introduce the 70 percent rule.Ryan and David dive into the downsides of misanalyzing a deal and the repercussions that come with it. They emphasize the time and skill required to estimate rehab costs accurately, as this is crucial in analyzing a property.Moreover, they provide a formula to help investors analyze a deal: ARV - 30% - repair costs - assignment fee = offer price. They also discuss their approach to rehab costs, which may be slightly higher than other investors, as they prefer a higher rental grade. David stresses that investors should always feel uncomfortable with how low their offer is. In fact, you should treat your initial offer just as an icebreaker.This episode is packed with insights that will help investors analyze deals correctly and avoid costly mistakes. Tune in now!David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

In this episode, Ryan and David share valuable insights on setting appointments in real estate. They discuss how to handle nervousness and build trust with sellers, the importance of seeing the property in person, and how to estimate repair costs and factor them into your offer. They also share strategies for analyzing deals and asking the right questions to uncover the seller's needs and goals.Whether you're a seasoned real estate professional or just starting out, you’ll find practical tips and advice for mastering the art of setting appointments in real estate. Tune in to learn how to approach appointments with confidence, build rapport with sellers, and make offers that stand out.David's Social: @dleckohttps://www.dealmachine.com/podRyan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

The key to building wealth quickly is finding a discounted property, and the key to finding a discounted property is having conversations with property owners who want speed and convenience in getting rid of their property. Sometimes answering calls and having those conversations with sellers can be a little intimidating, but it doesn't have to be. In this episode, Ryan and David shared some personal examples of how they approach having conversations with people who have responded to their postcard mailers asking if they want an offer on their house.David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/