The DealMachine Real Estate Investing Podcast

Have you wanted to try real estate wholesaling but you're not sure where to find these ""buyers"" that will pay you a big finders fee?

It can be hard to start something when you don't know how it's going to end!

So this episode shows you how easy it is to find a buyer.

And you can take action towards financial freedom, 10X'ing your income and replacing your w2 with wholesaling real estate.

1. Foreclosure auction

2. Facebook group

3. Google “sell my house fast”

4. Real Estate Meetup

5. DealMachine cash buyers filter

6. Post your deal on Craigslist, FB marketplace, the MLS

7. Investorlift

8. Hedge fund buyers: SFR3, CONREX, Vinebrook, Wedgewood, Open House, Tiber Capital

9. Subscribe to local wholesalers email list. Wait a month. Look up who bought all the deals they advertised.

Bonus: Open door used to be… but now you have to

HACK: Don’t worry about finding a buyer until you have a deal. The best way to find a buyer is to advertise an absolutely smoking deal.

Additional listening:

77: 2x your income by qualifying your buyers

65: Get your first deal in 7 days

David's Social: @dlecko

https://www.dealmachine.com/pod

Want to leave your 9-5?

Dillano Medina made $5000 by finding a run down house and passing it off to an investor.

He explains how this side hustle turned into a business that gives him more income and time freedom to live his life on his terms.

The way he gets in touch with home owners is by finding run down houses, looking up the owner's phone number, and then calling to see if they want an offer on their house.

He has done 60 deals so far!

Here are 3 tips from Dillano he has discovered about cold calling sellers:

1. Hand dialing avoids showing as spam

2. Hand dialing allows you to double dial the same person

3. Save $1000 per month skip tracing by using unlimited contact info that is included in DealMachins

Bonus: leave sticky notes on run down houses asking them to call for an offer on their house

Key Talking Points of the Episode

00:00 Introduction

01:01 What was Dillano’s first wholesale deal like?

03:06 How did Deal Machine help Dillano become more efficient in finding deals?

05:42 What formula does Dillano use to come up with his MAO?

07:00 What was it like for Dillano to make an offer on his first wholesale deal?

09:08 What challenges did Dillano deal with on his first wholesale deal?

10:25 How did Dillano find buyers for his first wholesale deal?

12:45 How much has changed since Dillano did his first wholesale deal?

16:22 What is Deal Dogs about?

19:11 What is Dillano’s most recent deal from Deal Machine like?

24:40 How did Dillano use the data from Deal Machine to call the leads they found?

26:12 How is Deal Machine helping make skiptracing more efficient?

28:47 What can you do to make driving for dollars more effective for you?

Links

Promo: Deal Machine App

https://www.dealmachine.com/pod

Podcast: 080: 3 Steps To Find Off Market Real Estate Deals

https://podcasts.apple.com/us/podcast/080-3-steps-to-find-off-market-real-estate-deals/id1667656532?i=1000637409380

David's Social: @dlecko

https://www.dealmachine.com/pod

Do you want to start building something for yourself so that you're not vulnerable to the business where you work?

You can stop being just concerned and fear based and do more of the things that make you happy because you do have a lot of control thanks to the side hustle that you were able to start from listening to this episode.

Wholesaling real estate is a proven business where you make big checks from finding ugly houses and passing them an investor.

Zack Boothe is our guest who has done 1000 wholesale deals and he covers the 4 stages of wholesaling a real estate deal so you can do your first deal, too, after listening to this episode.

Key Talking Points of the Episode

00:00 Introduction

01:08 How did Zack find his first wholesale deal?

02:55 What is Zack’s background?

04:50 How has real estate changed Zack’s life?

07:20 What are the 4 stages of wholesaling real estate?

09:31 Why is driving for dollars Zack’s favorite strategy to find deals?

11:08 How has driving for dollars helped Zack scale his real estate business?

14:12 What is the best way to negotiate with sellers?

16:41 What is the importance of being transparent with sellers?

19:15 How does Zack find buyers for his wholesale deals?

21:15 What is the best way to market your deals to buyers?

24:02 How can you connect with Zack?

Links

Video: How to Make $40,000 in 40 Days Wholesaling Real Estate with Zack Boothe

https://youtu.be/D-NzeNozkNY?si=3Pl9QLz2vMYqQ4_g

Podcast: Driving for Dollars Mastery

https://podcasts.apple.com/nz/podcast/driving-for-dollars-mastery/id1570543403

Website: Driving for Dollars Mastery

https://dfdmastery.com/

Does it bug you that no matter how hard you work at your job, you still get paid the same?

JP Haggarty was working in sales at the Ford dealership and felt financially restricted.

In three and a half months, he has made five times more than he was making in any single month of that Ford dealership.

He made $35,000 by wholesaling real estate: finding a run down house and making a finders fee for an investor.

He's done a $29,000 deal, too. He's done six deals total with the average being $25,000 finders fee just for finding a rundown house.

This is the podcast for 10Xing your income and replacing your W-2.

My name's David Lecko and I created a process that's helped people close 10,000 deals in all 50 states that turned into the software platform deal machine.

And my co-host is Ryan Haywood. Who actually took a 14 day challenge back in 2019, and now he's done 422 deals. So we're gonna lead you through this exciting story so you can do the same.

Key Talking Points of the Episode

00:00 Introduction

01:19 How did JP find his first wholesale deal?

02:31 What was JP’s conversation with the seller like?

04:12 How did JP negotiate the price of his first wholesale deal?

05:25 Where did JP get a contract for his first wholesale deal?

06:47 How did JP find a buyer for his first wholesale deal?

08:32 What challenges did JP face on his first wholesale deal?

09:45 How can you ensure that you will get paid your assignment fee?

10:21 What is JP’s background?

11:03 Why did JP decide to get involved in real estate?

13:28 What are JP’s goals for 2024?

15:13 How did JP present his first wholesale deal to sellers?

16:16 How did JP come up with the rehab value for his first wholesale deal?

18:06 What are the top 3 areas of wholesaling JP’s mentor help him with?

20:26 How can you connect with JP?

Links

Document: Wholesaling Contract

https://www.dealmachine.com/contract

Instagram: JP Haggarty

https://www.instagram.com/jphaggarty

Podcast: 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywood

https://podcasts.apple.com/us/podcast/088-how-to-sell-your-real-estate-wholesale-deal-with/id1667656532?i=1000639431916

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

England Hall shares his journey in real estate wholesaling, starting from his first wholesale deal to closing bigger deals and expanding to different markets. He emphasizes the importance of targeting motivated sellers, particularly deceased homeowners, and using data to find the right leads.

England also discusses the challenges he faced and the lessons he learned along the way. Overall, his story highlights the power of perseverance and strategic thinking in achieving success in real estate wholesaling.

Takeaways

• Target motivated sellers, such as deceased homeowners, to find profitable deals.

• Use data to identify potential leads and focus on those that are more likely to sell.

• Overcome financial challenges by finding creative solutions and investing in education.

• Expand to different markets to take advantage of higher profit margins.

Chapters:

00:00 England's First Wholesale Deal

03:13 Moving to Bay City, Texas

04:09 Finding a Buyer for the Deal

08:14 Transitioning to Bigger Deals

11:10 Closing Deals Outside of a Title Company

13:05 Overcoming Financial Challenges

14:05 Targeting Deceased Homeowners

15:43 Expanding to Different Markets

16:34 Using Data to Find Motivated Sellers

20:50 Life After Financial Stress

23:33 Final Thoughts and Contact Information

David's Social: @dlecko

https://www.dealmachine.com/pod

In this episode, Ryan discusses the importance of presenting deals effectively in the real estate investing process. He emphasizes that securing the property is only the first step, and the real money is made when the property is assigned to a buyer.

Ryan provides a template for creating a presentable flyer that includes photos and key property details. He advises including the estimated after repair value (ARV), square footage, repair estimate, and assignment price. Ryan also highlights the significance of providing contact information and being prepared to answer buyer questions. He concludes by offering a template for listeners to use in their own deals.

Takeaways

- Securing the property is important, but the real money is made when the property is assigned to a buyer.

- Creating a presentable flyer with photos and key property details can help quickly dispose of the property.

- Include the estimated ARV, square footage, repair estimate, and assignment price on the flyer.

- Provide contact information and be prepared to answer buyer questions.

- Using a template can help streamline the process of presenting deals to investors.
 

Key Talking Points of the Episode
00:00 Introduction
01:12 Why is it important to present your deal the right way?
02:14 What kind of photos should you use for your property flyer?
03:34 What are the most important details to include in your property flyer?
05:30 Why do you need to include a repair estimate on your flyer?
06:35 What should you prepare for the conversations you will have with investors?
07:38 Where can you find a template that you can use for your deals?

Links
Document: Property Flyer Template
https://www.dealmachine.com/flyer

David's Social: @dlecko
https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments
https://www.heritagehomeinvestments.com/ 

Wes Steimel was making ""good money"" selling 10,000 lbs of meat to grocery stores, but when his children were born, he wanted to stop working 60 hours per week.

His wife encouraged him to find another job that would give him more time freedom with the family.

They decided to wholesale real estate and he made $18,750 on his very first house that he found.

The seller wanted speed and convenience rather than the top dollar, so the deal was very smooth.

1 year later, we recorded this podcast to hear how Wes has done 15 deals now.

Wes most recently closed a deal with the help of Ryan Haywood, your co-host of the DealMachine Podcast.

Tune in for step-by-step how you can find and close your first real estate wholesaling deal.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Key Talking Points of the Episode

00:00 Introduction

01:13 How much did Wes make on his first wholesale deal?

04:06 How did Wes find his first wholesale deal?

06:56 What was the appointment like on Wes’ first deal?

08:01 How did the seller’s level of motivation help Wes with the deal?

10:01 How did Wes start looking for a buyer for his first deal?

12:15 What did Wes do before getting involved in real estate?

13:18 How did Wes’ wife support him as he transitioned to real estate investing full-time?

15:34 What challenges did Wes encounter when he started wholesaling?

17:26 What kind of mail pieces did Wes use for direct mail?

18:30 How did Wes meet Ryan?

20:18 What was Wes’ JV deal with Ryan like?

22:42 What is the most profit Wes ever made on a wholesale deal?

25:01 How can you connect with Wes?

Links

Instagram: Wes Steimel

https://www.instagram.com/wessteimel/

Podcast: 054: From $30,000 In Debt To Making $50,000 In 6 Weeks with Mike DeHaan

https://podcasts.apple.com/us/podcast/054-from-%2430-000-in-debt-to-making-%2450-000-in-6-weeks/id1667656532?i=1000629624965

Document: Joint Venture Agreement

https://www.dealmachine.com/JV

7-Day Trial: Deal Machine App

https://www.dealmachine.com/pod

Do you want to quit your job and flip houses, but you kinda wonder about this wholesale real estate thing?

Maybe you looked at a deal and were tempted to buy it yourself to flip it for a bigger profit than wholesaling...

Hannah Martin and Lukas Dommer were bored in covid so they started a wholesale real estate business.

Now they've done 129 deals, and tried flipping for a little bit.

They're here to explain how they started, and how flipping is a different business than wholesaling.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Key Talking Points of the Episode

00:00 Introduction

01:00 How did Hannah and Lukas make thousands on their first deal?

02:45 What happened when Hannah and Lukas advertised their first deal?

03:40 How did Hannah and Lukas find a buyer for their first deal?

05:48 What were Hannah and Lukas doing before getting into real estate?

07:40 How did Hannah and Lukas find their 2nd wholesale deal?

10:51 How long did it take for the fire damage deal to close?

13:45 What did Hannah and Lukas learn from their 2nd deal?

16:54 How did Hannah and Lukas find a buyer for the fire damage deal?

21:47 What was it like for Hannah and Lukas to learn the ropes of wholesaling?

23:44 What is the reality behind faking it til you make it?

25:38 Why did Hannah and Lukas decide to focus on wholesaling?

28:33 How can you connect with Hannah and Lukas?

Links

Document: Wholesaling Contract

https://www.dealmachine.com/contract

Instagram: Hannah Martin

https://www.instagram.com/hannah_mar10

Instagram: Lukas Dommer

https://www.instagram.com/lukas_dommer

Instagram: Heritage Home Investments

https://www.instagram.com/heritage_home_investments

Podcast: 071: How To Analyze A Real Estate Deal with David Lecko

https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727