The DealMachine Real Estate Investing Podcast

Tyvon Davis shares his journey in wholesaling, starting with how he made $9,600 on his very first deal. He explains how he found the opportunity, negotiated with the seller, and found a buyer for the property. Tyvon also discusses his motivation for getting into wholesaling and his goals for the future. He shares his experiences with hiring virtual assistants and scaling his business. Tyvon emphasizes the importance of multiple outreach and follow-ups in lead generation. He also discusses the benefits of being a firefighter and the potential for finding leads in that role. The conversation concludes with recommended listening and a message of gratitude.

Takeaways

Start researching and learning about wholesaling before taking action.

Building relationships with sellers and buyers is crucial in wholesaling.

Estimate repair costs and determine the offer price based on market analysis.

Implement multiple outreach strategies and follow up consistently with leads.

Key Talking Points of the Episode

00:00 Introduction

01:02 How did Tyvon make $9600 on his first wholesale deal?

03:30 Where did Tyvon find a buyer for his first wholesale deal?

04:31 How did Tyvon access the property after getting it under contract?

05:33 How did Tyvon figure out the ARV for his first wholesale deal?

07:36 What was Tyvon’s presentation of the deal like?

08:11 What roadblocks did Tyvon encounter with his first wholesale deal?

09:02 How did Tyvon get into wholesaling?

11:16 How did Tyvon find his second deal?

12:20 What did Tyvon do with the first assignment fee he made?

13:25 What was Tyvon’s plan when he first hired virtual assistants for his business?

15:09 What are Tyvon’s plans for his real estate business today?

16:34 Why is Tyvon still working full-time as a firefighter?

17:04 How does Tyvon plan to use his full-time job to support his real estate business?

18:17 What does Tyvon look for when driving for dollars?

19:08 What does Tyvon’s driving-for-dollars strategy look like today?

20:43 How many deals would it take for Tyvon to do real estate full-time?

22:20 How can you connect with Tyvon?

Links

Youtube: Tyvon Davis

https://www.youtube.com/channel/UCHbBgo3xMqtmjLLaZ2v4THg

David's Social: @dlecko

https://www.dealmachine.com/pod

Curious when to hire your first employee so you can own a business that runs itself? Jason Medley discusses the importance of scaling yourself before scaling your business. He emphasizes the need to elevate your level of efficiency and maximize your potential before hiring multiple positions.

David Lecko shares the mistakes and lessons he learned when hiring assistants and highlights the significance of delegation and efficiency. He also discusses the importance of consistency and predictability in business growth.

Additionally, Medley talks about the value of follow-up in lead generation and the current marketing trends in the industry. Finally, he introduces CG Elevate, a community for investors looking to double their deal flow.

Takeaways

Before scaling your business, focus on scaling yourself and improving your efficiency.

Delegate tasks that keep you from doing what you're best at.

Consistency and predictability are key to successful business growth.

Follow-up is crucial in lead generation and closing deals.

Joining a community of like-minded individuals can provide valuable support and friendship in business.

Key Talking Points of the Episode

00:00 Introduction

01:01 What is the right way to start hiring people for your business?

03:40 What will you learn from Buy Back Your Time?

04:18 Why do people think acquisitions should be the first hire in their business?

06:15 How do you know when it’s time to start hiring people?

08:11 What is the best approach to hiring people for your team?

10:16 What marketing trends should investors be aware of today?

13:03 What marketing strategy will get you the most results?

16:00 What is CG Elevate all about?

Links

Book: Buy Back Your Time

https://www.buybackyourtime.com/

Website: CG Elevate

https://www.doublemydealflow.com

Website: The Collective Genius

https://thecollectivegenius.com/

David's Social: @dlecko

https://www.dealmachine.com/pod

Jesseme McVey shares her experience of making $17,000 on her first wholesale deal and how she got started in real estate wholesaling. She explains her motivation to wholesale properties and her future plans and goals. Jesseme discusses her use of DealMachine for driving for dollars and the success she has had with it. She also talks about the challenges of dealing with regulations in Illinois and finding reliable drivers. Jesseme shares her goals for wholesale deals and her plan to acquire enough rental properties so she can retire and teach yoga and spend time with her 7 year old daughter.

Takeaways

Driving for dollars can be a successful strategy for finding wholesale deals.

Using DealMachine can streamline the process of driving for dollars and finding distressed properties.

Understanding and navigating local regulations is crucial for successful wholesaling.

Having a clear goal and motivation can drive success in real estate investing.

Key Talking Points of the Episode

00:00 Introduction

00:50 How did Jesseme make $17K on her first wholesale deal?

03:25 What gave Jesseme the idea to start wholesaling real estate?

05:02 How was Jesseme acquiring rentals before she started wholesaling?

06:34 How did Deal Machine help Jesseme grow her wholesaling operations?

09:02 What motivates Jesseme to keep wholesaling?

11:27 Why is it important to make calculated decisions as a real estate investor?

13:12 How much has Jesseme’s driving-for-dollars strategy changed through the years?

15:14 How is Jesseme navigating the wholesaling regulations in Illinois?

18:09 What is it like to wholesale or flip properties in Illinois?

21:02 What is it like to work with an attorney as an investor in Illinois?

24:01 What is Jesseme’s wholesaling goal this year?

25:16 How can you connect with Jesseme?

Links

Promo: Deal Machine App

https://www.dealmachine.com/pod

Social Media: Jesseme Mcvey

https://www.instagram.com/jessemejene

https://www.facebook.com/jesseme.bysong

Podcast: 052: A Single Deal, A Six-Figure Gain: Michael Pinter's Extraordinary Wholesaling Success Story

https://podcasts.apple.com/us/podcast/052-a-single-deal-a-six-figure-gain-michael/id1667656532?i=1000629049733

David's Social: @dlecko

https://www.dealmachine.com/pod

In this conversation, Wes Branch shares his journey in real estate wholesaling, starting from his first deal in high school. He discusses the importance of motivation and confidence in pursuing real estate deals and shares his strategies for finding motivated sellers, including driving for dollars and using targeted lists. Wes also talks about building a team and outsourcing tasks to streamline operations. He explains the transition to nationwide marketing and the benefits of keeping the best properties for long-term wealth building. The conversation concludes with a discussion on the benefits of fasting for health and longevity.

Takeaways

Motivation and confidence are key factors in succeeding in real estate wholesaling.

Driving for dollars and using targeted lists are effective strategies for finding motivated sellers.

Building a team and outsourcing tasks can help streamline operations and increase efficiency.

Transitioning to nationwide marketing can expand opportunities for finding deals and buyers.

Keeping the best properties can provide long-term wealth-building opportunities.

Fasting can have health benefits, including cleansing the body and promoting longevity.

Key Talking Points of the Episode

00:00 Introduction

01:10 How did Wes make $1700 on his first wholesale deal?

02:33 How did Wes find a buyer for his first wholesale deal?

03:23 What did Wes do to come up with the value for his first wholesale deal?

05:01 How did Wes handle being in real estate at such a young age?

06:01 What motivated Wes to get into real estate in high school?

08:36 How did Wes start finding more deals after the first one?

09:50 How does Wes open a conversation with his driving for dollars leads?

10:51 Why did Wes decide to just focus on wholesaling?

12:42 What other strategies does Wes use to find deals?

15:18 Why is it important to consider investing for long-term cash flow?

16:53 What does Wes’ team today look like?

18:24 Where do Wes and his team find buyers for their wholesale deals?

20:25 What made Wes decide to take his wholesale operations nationwide?

21:36 Why is it important to start local when you’re a new investor?

22:49 How does Wes decide whether to keep or wholesale a deal?

24:10 How can you connect with Wes?

Links

Promo: Deal Machine App

https://www.dealmachine.com/pod

Instagram: Wes Branch

https://www.instagram.com/wesbranch1

Podcast: 078: 25 Motivated Seller Lists & Best Order To Approach Them

https://podcasts.apple.com/us/podcast/078-25-motivated-seller-lists-best-order-to-approach-them/id1667656532?i=1000636896361

Podcast: 095: 9 Ways To Find A Buyer for Wholesaling Real Estate

https://podcasts.apple.com/us/podcast/095-9-ways-to-find-a-buyer-for-wholesaling-real-estate/id1667656532?i=1000640885675

Enrique Machado shares his journey in wholesaling real estate, starting with his first $5,000 deal. After being let go from his job, he decided to pursue real estate full-time and got a mentor for guidance. He explains his direct-to-agent process and how he collaborates with agents to find deals. Enrique's motivation to be his own boss and provide for his family drives his success in the industry.

Takeaways

Joining a community or coaching program can provide guidance and support in wholesaling real estate.

Building relationships with agents is a strategy for finding deals and ensuring success in wholesaling.

Transparency and honesty in the wholesale process help maintain trust with agents and other parties involved.

Reinvesting profits and having a long-term vision can lead to further success and opportunities in real estate.

Key Talking Points of the Episode

00:00 Introduction

01:21 Why did Enrique decide to become a full-time real estate investor?

02:36 What gave Enrique the idea to become his own boss?

04:03 What did Enrique learn from joining a real estate mastermind?

05:13 How is Enrique using the direct-to-agent strategy?

06:13 Why is it important to be fair to all parties involved in a transaction?

07:04 How does Enrique explain what he does to agents?

08:30 What contract does Enrique use for his direct-to-agent deals?

11:03 How did Enrique find a buyer for his first wholesale deal?

12:24 How can you accurately estimate the ARV of a property with Deal Machine?

14:21 How does Enrique calculate the repair budget on his deals?

15:18 Where would Enrique be today if he didn’t start wholesaling?

16:40 What is Enrique’s motivation to succeed in real estate investing?

19:10 How can you connect with Enrique?

Links

Free Trial: Deal Machine App

https://www.dealmachine.com/pod

Instagram: Enrique Machado

https://www.instagram.com/enrique.machado_/

Podcast: 099: How Alec Escaped His Dead End Job! with Alec Hawthorne

https://podcasts.apple.com/us/podcast/099-how-alec-escaped-his-dead-end-job-with-alec-hawthorne/id1667656532?i=1000641950749

Podcast: 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegas

https://podcasts.apple.com/us/podcast/053-%2435-000-on-his-first-deal-to-80-deals-later-with/id1667656532?i=1000629356538

Podcast: 079: If Your Side Hustle Lacks Traction, Do This with Joshua Goode

https://podcasts.apple.com/us/podcast/079-if-your-side-hustle-lacks-traction-do-this-with/id1667656532?i=1000637161583

Podcast: 086: $30,000 from House Flipping vs Wholesaling with Hannah Martin & Lukas Dommer

https://podcasts.apple.com/us/podcast/086-%2430-000-from-house-flipping-vs-wholesaling-with/id1667656532?i=1000638921179

David's Social: @dlecko

https://www.dealmachine.com/pod

Matthew Simmons shares his experience of making $18,000 in his first wholesale deal and how he got started with probate deals. He explains the process of calculating the offer price and understanding the value of a property as a rental. Matthew also discusses the formula for calculating offers and how he sold the property as a rental. He shares his motivation for getting into real estate investing and his previous business ventures. Matthew emphasizes the importance of mindset and shares the characteristics that contribute to success. He also talks about starting a vending machine business and compares wholesaling to his other businesses.

Key Talking Points of the Episode

00:00 Introduction

01:00 How did Matthew make $18K on his first wholesale deal?

03:52 Why did Matthew decide to start with probate leads?

04:38 How did Matthew learn to get the ARV for his first wholesale deal?

07:02 What formula did Matthew use to calculate the ARV of his first wholesale deal?

08:14 How did Matthew pitch his first wholesale deal to his buyer?

09:01 What made Matthew decide to get involved in real estate investing?

11:36 How did Matthew’s background in business help him succeed in real estate?

12:27 What kind of mindset helped Matthew grow in real estate investing?

14:28 How does discipline in life affect your capability to succeed in business?

16:02 What got Matthew into entrepreneurship?

17:50 Who inspired Matthew to get into entrepreneurship?

18:50 How does wholesaling compare to Matthew’s other businesses?

21:28 How can you connect with Matthew?

Links

Promo: Deal Machine App

https://www.dealmachine.com/pod

Instagram: Matthew Simmons

https://www.instagram.com/therealmatthewsimmons/

Youtube: Matthew Simmons

https://www.youtube.com/@MatthewSimmons-Entrepreneur

David's Social: @dlecko

https://www.dealmachine.com/pod

Alec Hawthorne shares how he and his dad made $5,000 on their first wholesale deal and how they got started in real estate. They used the DealMachine app and drove around neighborhoods, tagging distressed properties and making cold calls. After their initial success, they shifted strategies and started reaching out to real estate agents for off-market deals. Alec also discusses how he analyzes deals and estimates repairs.

Key Talking Points of the Episode

00:00 Introduction

01:35 How did Alec make $5K on their first wholesale deal?

04:01 What was it like for Alec to look for his first wholesale deal?

05:35 How did Alec get into wholesaling?

08:24 Why did Alec have to change what they were doing after the first deal?

09:49 How did Alec really learn about wholesaling?

11:14 How does Alec calculate the numbers when evaluating a deal?

13:53 What strategy does Alec use in his real estate business today?

15:09 How does Alec structure agents’ commissions on his deals?

17:16 How does Alec find buyers for their deals through ChatGPT?

19:55 How many deals does Alec get from agent outreach?

Links

FREE Trial: Deal Machine App

https://www.dealmachine.com/pod

Podcast: 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegas

https://podcasts.apple.com/us/podcast/053-%2435-000-on-his-first-deal-to-80-deals-later-with/id1667656532?i=1000629356538

David's Social: @dlecko

https://www.dealmachine.com/pod

Dean Rogers shares his journey from the NFL to real estate wholesaling, including his first deal and the lessons he learned along the way. He emphasizes the importance of taking action and putting in the work to achieve success. Dean discusses his preferred lead sources and the marketing strategies he uses to generate deals. He also highlights the significance of building a strong team and the balance between big goals and personal life. Dean shares his coaching program and encourages listeners to connect with him for further guidance.

Key Talking Points of the Episode

00:00 Introduction

00:57 What is Dean’s background?

01:40 How did Dean get started in real estate investing?

03:53 How did Dean’s athletic background help him in real estate?

04:57 How did Dean find his first wholesale deal?

07:19 What has changed since Dean got his first wholesale deal?

09:27 Why did Dean decide to focus on wholesaling?

11:53 What is Dean’s favorite lead source today?

13:08 How can you learn more about direct mail marketing?

14:07 What lists did Dean send direct mail to?

16:30 What are Dean’s talking points when a lead calls?

17:48 How far has Dean gone since he started in real estate?

19:52 What type of people will work best in Dean’s coaching program?

21:40 How can you learn more about Dean and his coaching program?

Links

Podcast: MC018: Direct Mail Best Practices for Real Estate Investors with Justin Dossey

https://podcasts.apple.com/us/podcast/mc018-direct-mail-best-practices-for-real-estate-investors/id1667656532?i=1000635228637

Website: Dean Rogers

https://deanrogers.com/

David's Social: @dlecko

https://www.dealmachine.com/pod

Instagram: Dean Rogers

https://www.instagram.com/deanrogersrealestate

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.

Takeaways

• Building systems and processes is crucial for success in real estate wholesaling.

• Finding truly motivated sellers and providing value beyond buying the house can lead to higher profits.

• Personalized outreach, such as sending video messages, can make a significant impact on potential sellers.

• Foreclosure leads offer a time-sensitive opportunity to help sellers and secure profitable deals.

Chapters

00:00 Introduction and First Wholesale Deal

01:02 Learning Wholesaling and Working with Hedge Funds

02:00 Transitioning to Traditional Wholesaling

03:22 Building Systems and Processes

04:34 Hedge Funds Buying Again

05:04 Offer on Market Property

06:03 Relationships with Hedge Funds

07:19 Finding Truly Motivated Sellers

08:01 Providing Value to Sellers

10:07 Helping Sellers in Foreclosure

11:42 Providing Solutions Beyond Buying the House

13:21 Outreach to Pre-Foreclosure Sellers

14:00 Sending Personalized Video Messages

16:18 Time-Sensitive Foreclosure Data

17:11 REO Deals and Bank-Owned Properties

19:08 Other Types of Leads

24:09 Importance of Door Knocking

25:44 Driving for Dollars and Foreclosure Leads

26:27 Devin's Social Media Accounts

27:08 Closing Remarks

David's Social: @dlecko

https://www.dealmachine.com/pod

Devin's Facebook Group: https://realliferei.com/

Do you LOVE your job, but wish it paid a bit more?

Ramone has been vacationing in Greece without worrying about the cost...

Thanks to his side hustle. He's been finding run down houses since 2020 and gets paid $17,000 for finding them.

He uses the wholesaling real estate strategy with ON-MARKET deals... something we have never covered on this podcast before.

Ramon also explains how he built relationships with cash buyers and the importance of driving for dollars as the best list for finding deals.

He shares his transition from flipping to wholesaling and how wholesaling has become a side hustle on autopilot for him.

Ramon emphasizes the benefits of wholesaling for generating cash for rentals and shares his key lessons in wholesaling.

Takeaways

Wholesaling real estate is a great way to escape the rat race and make more money.

Building relationships with cash buyers is crucial for successful wholesaling.

Driving for dollars is the best list for finding deals in wholesaling.

Wholesaling can be a side hustle on autopilot, allowing for additional income.

Wholesaling can generate cash for investing in rental properties.

Key Talking Points of the Episode

00:00 Introduction

01:02 How did Ramon get into wholesaling?

02:16 How did Ramon wholesale a deal that was on the market?

03:02 Where did Ramon meet his cash buyer?

04:43 What type of lists did Ramon cold call for deals?

05:47 How does Ramon open conversations with sellers?

06:53 What made Ramon decide to focus on wholesaling?

08:12 How does Ramon drive for dollars?

09:41 How does Ramon decide when to keep properties as rentals?

11:28 What does Ramon do to market his real estate business?

Links

Document: Wholesale Contract

https://www.dealmachine.com/contract