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By David Lecko, Ryan Haywood
5
389389 ratings
The podcast currently has 609 episodes available.
The most played episodes among Podcast App listeners.

Frank Iglesias shares the hard lessons he’s learned from 17 years in real estate and hundreds of deals. He explains how renovation delays and overlooked details can turn a promising deal into a loss. We also discuss understanding what sellers actually want, finding deals through relationships, and why he now prefers simpler projects. Whether you’re chasing your first deal or growing your business, Frank’s experience can help you avoid some expensive mistakes. KEY TALKING POINTS: 0:00 - Intro & Frank Iglesias’ 17 Years in Real Estate 2:12 - The $30,000 Fence Story 6:00 - Why Fences Matter to Wholesalers 7:38 - Getting Started with Foreclosures 8:58 - Why Flipping Is Hard Now 10:35 - Targeting Reasonable Sellers 16:06 - First Wholesale Deals 20:39 - Evolving Marketing Strategies 23:52 - Building a Lean Team with AI 26:30 - Lessons from Billionaires: Business Is People 29:59 - Betrayal & Hell on Earth Story 31:16 - Comps vs. Market Trends 34:43 - Favorite Exit Strategies & Wholetailing 37:46 - Where to Connect & Substack 39:03 - Advice: Play the Long Game 41:03 - Outro LINKS: Instagram: Frank Iglesias https://www.instagram.com/frank.iglesias/ Website: REI Coaching With Frank https://www.reicoachingwithfrank.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/

Owner financing turns a house into mailbox money, and Jack has built his entire one man portfolio around it instead of renting. He explains how a contract for deed actually works, from the 10 percent down payment that keeps a buyer invested to the single foreclosure he has filed in 20 years. He also walks through the four house package he just put under contract in Lancaster, South Carolina for $450,000 that appraised at over $700,000. KEY TALKING POINTS: 0:00 - Becoming the Bank 1:49 - Early Rentals & Mobile Home Parks 3:36 - Four Deals in Lancaster 6:42 - Contract for Deed Explained 10:47 - Marketing Owner Financing 13:39 - Finding Deals with AI & Mail 15:55 - Financing with an Equity Line 17:35 - How Jack Got Started 20:56 - Backing Out & First Real Deal 23:47 - Foreclosure & State Differences 25:59 - Advice for Beginners 28:13 - Outro LINKS: 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/

Philip Louden calls it becoming the bank: you buy a cheap livable house in a small market, then resell it on seller financing to a family that wants to own instead of rent. He explains why this arbitrage works, how he finds and structures these deals, and where the financing comes from when you do not have cash. If you have been chasing assignment fees and want something that pays you every month, this is the model to study. KEY TALKING POINTS: 0:00 - What Are Starter Wraps 1:46 - How Starter Wraps Work 3:37 - The Power of Financial Arbitrage 5:46 - A Deal In Marion, Indiana 8:26 - Financing These Deals 11:33 - The BRRRR Jacket Strategy 13:28 - Best Markets & Serving Buyers 14:33 - Final Goal & Wrap-Up 15:13 - Outro LINKS: Instagram: Philip Louden https://www.instagram.com/phil_louden Website: Seller Finance Freedom Academy https://www.skool.com/sellerfinancefree/about 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/

Michael Foley joins Ryan to share how he built a cold-calling system using virtual assistants—and landed $50,000 on his very first wholesale deal. He breaks down how to qualify leads, decide between wholesaling or retail, and even how he gets attorneys on board in a tough New York market. KEY TALKING POINTS: 0:00 - Intro 0:14 - Michael Foley's Real Estate Business 1:03 - How He Started Wholesaling & Using VAs For Cold Calling 5:04 - His First Wholesale Deal 6:27 - Wholesaling In New York 8:10 - Why He Added Wholesaling To His Business 10:27 - Results From Using VAs & How He Approaches Appointments 14:11 - Advice For Aspiring Real Estate Investors 15:25 - How To Get In Touch With Michael 16:01 - Outro LINKS: Instagram: Michael Foley https://www.instagram.com/_mike_foley_ Website: Michael Foley https://www.frontline-realty.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/

Wholesaling real estate, a business model where properties are bought and sold quickly without property renovations, allowed Michael to earn $23,000 from his very first deal. Michael candidly discusses his initial struggles, his strategies like "driving for dollars", and his steadfast determination which culminated in over 200 successful deals. For anyone desperate to escape the monotony of their 9 to 5 and reshape their financial future, this episode is a must-listen. Dive in and discover how dedication, guidance, and a touch of faith can pave the way to unforeseen success. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Michael's Social: @michaelmcdonaldrei
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