The DealMachine Real Estate Investing Podcast

Raji Hamideh shares his experience in real estate wholesaling and turnkey investing. He made $7,500 on his first wholesale deal by finding an expired listing that had failed two years prior. He used Propstream to find the listing. Raji emphasizes the importance of follow-up in finding deals and advises new investors to be persistent. He also discusses his turnkey business model, where he wholesales properties to out-of-state investors after fixing them up. Raji explains how he finds buyers through cold calling, email outreach, and targeted marketing campaigns. He also shares insights on forming U.S. businesses for foreign investors and the criteria he uses to decide whether to wholesale or turnkey a property.

Key Talking Points of the Episode

00:00 Introduction

01:11 How did Raji make $7500 on his first wholesale deal?

02:56 What was life like for Raji before wholesaling real estate?

04:44 What is Raji’s advice for people who want to get into wholesaling today?

06:05 Why did Raji decide to sell turnkey properties?

07:13 How does Raji’s turnkey strategy work?

08:08 How does Raji decide whether to wholesale a deal or sell it as turnkey?

09:37 Where does Raji find buyers for their properties?

10:42 How did Raji come across the kind of buyers they sell to?

11:31 How does Raji help investors outside of the country?

13:51 What does NOI stand for?

14:21 What markets does Raji operate in?

15:26 How does Raji build lists to market to?

18:29 What is Raji’s cold calling strategy to get deals?

19:31 How does the law of probability apply in real estate?

20:54 How can you get in touch with Raji?

Links

Email: HMDH Enterprises

[email protected]

LinkedIn: Raji Hamideh

https://www.linkedin.com/in/raji-hamideh-289433aa/

Website:

https://www.dealmachine.com/dialer-challenge

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

If you're a parent and business owner that wants to get your kids involved in financial freedom, this episode may spark some ideas for you.

Key Talking Points of the Episode

00:00 Introduction

01:25 How did Stephen find the buyer for his first wholesale deal?

04:31 Why did Stephen decide to pursue wholesaling?

05:24 How does the Deal Machine dialer help Stephen with cold calling?

07:10 How did Stephen encourage his son to cold call leads?

11:02 What is Stephen’s advice for new wholesalers?

12:41 Why did Stephen decide to hire someone in-office to do cold calling?

14:48 How can you follow Stephen’s journey on social media?

Links

Twitter/X: Steve-4-Real Estate

https://x.com/4ahomeloan

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

A new acquaintance asked me at the gym if he could ask me some questions. He said he makes a lot as a software engineer, but he is afraid of getting stuck with golden handcuffs.

We discuss how he would escape a job with golden handcuffs thru real estate investing.

Key Talking Points of the Episode

00:00 Introduction

01:23 How do short-term leases help us minimize risk?

06:10 What is the best way to generate leads?

07:20 Why is it important to focus on one thing when you’re generating leads?

08:20 How does location impact the performance of a rental property?

11:05 Why is it important to take action to avoid analysis paralysis?

12:10 How should you approach the leads you generate?

15:21 How can you get more comfortable with cold calling?

16:26 What is the best way to market to leads?

17:41 What makes it so difficult to get out of “golden handcuffs”?

21:20 How can you decide the right path for you?

Links

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

You need to make about 300 calls per day to property owners every week day for about 1 month in order to find someone who wants to sell their house (and prefer speed and convenience over a good price).

So if you are working on wholesaling real estate looking for your first deal, I know you're working but I bet you're not doing 300 calls per day.

Key Talking Points of the Episode

00:00 Introduction

02:05 How did David get interested in wholesaling?

04:13 What does David’s cold calling strategy look like today?

06:47 How many motivated sellers has David spoken to?

08:15 Why do you need to be patient when following up with sellers?

09:22 When would it be ideal to text your leads?

12:05 How can you use the Deal Machine app to find cash buyers in your area?

13:03 How can you look at an investor’s portfolio through the Deal Machine app?

16:31 What is the best way to approach the sellers of a newer home?

19:07 When is the best time to consider changing markets?

Links

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

Tyrell did not even know his team was calling home owners with the DealMachine dialer. So when I called him, he told me I must have the wrong person.

BUT...  he double checked and realized his team had switched softwares and made about 2000 calls in the last two weeks using the new dialer.

So I invited him on the show to break down how his company is able to do so many wholesale real estate deals so you can learn how to do your first deal!

Key Talking Points of the Episode

00:00 Introduction

01:20 What was Tyrell’s first wholesale deal like?

03:14 How did Tyrell find his first wholesale deal?

04:10 What does Tyrell look for when he is driving for dollars?

05:21 How does Tyrell reach out to leads from driving for dollars?

06:21 How did Tyrell come up with the offer for his first wholesale deal?

09:43 How did Tyrell sell his first wholesale deal?

11:01 What is Tyrell’s strategy to find buyers for his deals?

12:13 What did Tyrell do with the profit from his first wholesale deal?

14:06 What kind of lists does Tyrell and his team market to?

16:46 How does Tyrell’s team use Deal Machine for cold calling?

17:55 How many appointments does Tyrell go on weekly?

18:42 How does Tyrell know that a deal is worth the effort?

20:14 What are Tyrell’s goals for his real estate business?

23:07 How can you connect with Tyrell?

Links

Facebook: Tyrell Hayden Real Estate Bluegrass Property Exchange

https://www.facebook.com/TyrellHaydenRealEstateLex/

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

Alex made $40,000 on his first real estate wholesale deal. Wholesaling has enabled him to earn enough money to flip homes and he even recently purchased a laundry business! If you want to learn more about wholesaling, tune into this episode.

Key Talking Points of the Episode

00:00 Introduction

01:10 How did Alex make $40K on his first wholesale deal?

02:32 How did Alex get in touch with the homeowner?

03:29 What is Alex’s background?

04:31 What kind of freedom does real estate create for investors?

06:56 How is Alex’s company structured today?

07:37 What kind of deals does Alex and his team focus on today?

08:23 What are the most important KPIs to track in your real estate business?

09:57 How many deals did it take before Alex made his first hire?

10:43 What was the biggest change Alex made through the years?

11:23 What is Alex’s favorite piece of real estate investing?

13:35 Why did Alex decide to venture into other real estate strategies?

14:56 What other businesses has Alex invested in because of wholesaling?

16:38 What does the future look like for Alex?

17:55 How can you connect with Alex?

Links

Instagram: Alex Peransi

https://www.instagram.com/lexthegodson/

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

David made $150k in his first year of wholesaling real estate. He is now in year three so we asked him how he was so successful in his first year, and how he's able to keep earning more in the years to follow.

Key Talking Points of the Episode

00:00 Introduction

02:01 How did David get into wholesaling real estate?

03:38 Why is David more focused on the acquisition side of wholesaling?

06:03 Where does David and his partner find their leads?

08:06 How do David’s conversations with sellers go?

09:38 What are David’s appointments with sellers like?

11:41 How did David start building his buyers list?

13:33 How many deals has David done through the years?

14:24 How has wholesaling helped David have more time for music?

16:06 How does David manage his wholesaling business?

18:01 How did David learn about the AI Dialer in Deal Machine?

19:15 How much time does David and his team spend cold calling?

20:11 Where does David make his calls from?

21:21 How has the AI Dialer helped David get more appointments?

22:58 How can you get connected with David?

Links

TikTok: David Modesto

https://www.tiktok.com/@sonoftheshepherd

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

Devin Robinson shares his journey in real estate wholesaling, starting with his first wholesale deal and working with hedge funds. He discusses the importance of building systems and processes, as well as finding truly motivated sellers. Devin emphasizes the value of providing solutions beyond buying the house, such as helping sellers in foreclosure navigate their options. He also highlights the significance of personalized outreach, including sending video messages to potential sellers. Devin concludes by discussing the current state of REO deals and sharing his insights on other types of leads.

Key Talking Points of the Episode

00:00 Introduction

01:03 How did Devin find his first wholesale deal?

03:15 Why did Devin stop selling deals to hedge funds?

04:09 How did being part of a mastermind help Devin learn about wholesaling?

05:32 What are the hedge funds doing in today’s market?

07:46 What markets is The Amherst Group buying in?

08:34 How did Devin rebuild his business after learning about wholesaling?

09:24 What kind of deals is Devin focused on today?

12:21 What kind of support does Devin provide for the sellers they work with?

15:10 How does Devin approach leads in preforeclosure?

18:30 How does the non-judicial foreclosure process work?

20:41 What are the different ways Devin helps sellers restructure their loans?

23:28 What is happening with REO deals today?

25:25 What other types of deals is Devin getting involved with today?

27:50 How can you follow Devin’s real estate journey?

Links

Free Trial: Deal Machine App

https://www.dealmachine.com/pod

Instagram: Devin Robinson

https://www.instagram.com/devin.robinson1/

Facebook Group: Real Life REI

https://www.realliferei.com

In this episode, we chat with Beth and CJ Moss, a dynamic real estate duo who have successfully transitioned from investing in multifamily units to mastering the art of wholesaling. They share their journey from their initial investments in Providence, Rhode Island, to leveraging the power of the Deal Machine app, which has significantly boosted their business. Now closing two deals per month with an average profit of $20,000 per deal, Beth and CJ provide valuable insights into their strategies, the importance of volume in lead generation, and the role of persistence in their success. They also recount their unique story of meeting in Kuwait and how their diverse backgrounds have contributed to their thriving real estate business.

Timeline Summary:

[0:24] - Beth and CJ discuss their start in real estate investing in 2017 with multifamily units in Providence.

[1:25] - Transitioning to wholesaling due to a lack of capital, and discovering the Deal Machine app.

[2:05] - Achieving consistent profits averaging $20,000 per deal with Deal Machine.

[3:33] - Their strategy of adding 700 properties a week to Deal Machine.

[4:30] - Their unique meeting story in Kuwait and transitioning back to the U.S.

[9:25] - Overcoming initial challenges and staying persistent until they closed their first deal.

[12:39] - A notable success story involving a property near a newly built casino.

Links & Resources:

Deal Machine App: www.dealmachine.com

Bigger Pockets Blog: www.biggerpockets.com

Closing Remarks:

Thank you for tuning in! If you enjoyed this episode, please rate, follow, share, and review the podcast. Stay tuned for more incredible stories and actionable insights on achieving financial freedom through real estate investing.

South Carolina passed a law this year about wholesaling real estate, so we interviewed Cory Boatright about making money from run down homes under the new law.

Cory has wholesaled over 1000 deals virtually in all 50 states and created a company called Take Down Funding to help wholesalers.

Key Talking Points of the Episode

00:00 Introduction

02:01 What do new regulations on wholesaling require investors to do?

03:32 What are the advantages of acquiring properties instead of wholesaling them?

04:11 How are different state regulations changing the way wholesaling is done?

06:54 Why is wholesaling being regulated?

10:03 What solution is wholesaling providing distressed homeowners?

13:03 What are the big ticket items that need to be evaluated when acquiring homes?

15:18 How does Take Down Funding work?

19:40 Who are eligible to leverage the Take Down Funding program?

22:59 Why should real estate agents and investors learn to work together?

25:58 Where is Take Down Funding available?

Links

Website: Take Down Funding

https://www.takedownfunding.com