The DealMachine Real Estate Investing Podcast

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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://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_investments

https://www.heritagehomeinvestments.com/

In today's episode, we're excited to talk about using direct mail for real estate investing. If you're looking to earn $5k-$20k per month with your side hustle, sending direct mail to run-down homes asking if they want to sell their house can be a highly effective way to find a discounted property that you can get under contract and wholesale, even without a license in most states.

 Ryan and David will share their own experiences with using direct mail to find deals and offer practical advice for getting started. They'll cover topics such as how to target the right neighborhoods, craft the perfect mailer, and negotiate for maximum profits. If you're just getting started, this episode is packed with valuable insights and actionable tips. 

Tune in now to learn more about using direct mail to grow your real estate investing with Ryan and David on the DealMachine Real Estate Investing Podcast.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

In today's episode, Ryan and David talk about lead generation and the methods of lead gen that they've found to work the best for them. If you are looking to get financial freedom with the best leads, these strategies can help you find them.

Having that steady stream of leads flowing in is essential to the process, so you don't see a lack of deals coming in down the line. Ryan says the simplest way to get started is to get in your car drive for dollars and add a bunch of leads.

By driving for dollars, Ryan was able to build a skillset to identify good leads, as well as build relationships with his realtor to get expired listings. However, Ryan found success in list-building when he sent mail and his phone "would not stop ringing". He also talks about one of his deals, where he bought a house for $1000 that was a "nightmare house".

Make sure you tune into this episode to learn other tips about Driving for Dollars (D4D) and List Building, so you can go out and take action today and start generating your leads.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Join us on this week's episode of "DealMachine Real Estate Investing Podcast" as we share our personal stories of how we got started in the world of real estate investing. Ryan will talk about his experience with the 30-day wholesaling challenge in St. Joseph, MO and how it kickstarted his successful business, Heritage Home Investments. David will share his journey of starting with just $4,800 and building a portfolio of $1.6MM in single family rentals with $960k in equity. We'll also discuss the challenges we faced and how we overcame them to achieve financial freedom through real estate investing. Whether you're just starting out or have been investing for a while, this episode is sure to inspire you to pursue your real estate investing goals. Tune in and take the first step towards your own journey to financial freedom.


David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/