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

Implementing cold calling would have meant $3M more for me right now, 8 years into my real estate career. You're not cold calling because you're scared, like I was. And I'm showing you in this call how to make cold calling a lot of fun (and not scary at all)!

[00:00] - Introduction to the power of cold calling in real estate investing.

[02:00] - My personal experience with nine hours of cold calling.

[05:30] - Overcoming the fear of cold calling and real conversation examples.

[10:15] - How to identify and handle wrong contacts efficiently.

[15:40] - Engaging with potential leads and common responses.

[20:30] - Detailed breakdown of call outcomes and follow-up strategies.

[23:00] - Encouragement and tips for getting started with cold calling.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Nate Barger shares his journey to becoming a successful real estate investor. Nate also discusses his troubled upbringing and how it shaped his path. Despite his initial struggles, he found success in the real estate industry and encourages others to focus on their plan A and persevere.

Nate also discusses the importance of wholesaling in getting started in real estate and the potential for exponential growth in the industry. He shares insights on how to find off-market deals and the decision-making process between wholesaling and the BRRRR strategy.

[00:00] - Introduction to real estate investing and guest Nate Barger.

[00:19] - Discussing the BRR method: Buy, Renovate, Rent, Refinance, Repeat.

[01:00] - Co-host Ryan Haywood's success story in wholesaling real estate.

[02:04] - Nate Barger’s early life, dealing drugs, and transition to real estate.

[06:57] - Nate's pivotal moment and decision to change his life.

[08:09] - Nate's upbringing and family background.

[12:02] - Nate's struggles and eventual decision to start a roofing company.

[16:16] - Transition from selling drugs to legitimate business ventures.

[18:18] - Discovering real estate and first property purchase.

[23:01] - The importance of finding good deals and working with private investors.

[27:06] - The significance of wholesaling in real estate investing.

[29:02] - Deciding between wholesaling and holding properties.

[32:27] - The efficiency of using technology in real estate operations.

[34:04] - Closing remarks and promotion of Nate Barger's platforms.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Hey everyone, Ryan Haywood here! In this episode of the Deal Machine Real Estate Investing podcast, I dive into a strategy that’s often overlooked but incredibly powerful: building relationships with city officials. You might wonder how this connects to wholesaling, but trust me, it’s a game-changer for getting high-quality leads. I share my experiences and tips on how you can leverage these relationships to find distressed properties and turn them into profitable deals without the usual hassle.

Join me as I discuss the step-by-step process of connecting with code enforcement officials, the importance of showcasing your successful projects, and the long-term benefits of maintaining these valuable connections. If you're looking for an innovative way to secure free leads, this episode is for you!

Episode Highlights:

[0:00] Introduction to the power of relationships with city officials.

[1:00] How code enforcement officials can become your deal finders.

[1:45] Inviting city officials to lunch and presenting your success stories.

[2:30] The importance of before and after photos in building trust.

[3:05] An example of a personal project that turned into a profitable deal.

[4:00] The benefits of establishing a track record of successful deals.

[4:45] Caution about ensuring your deals are completed well to maintain trust.

[5:20] Building lasting relationships with both city officials and investors.

[6:00] Real-life example of a lead provided by a city official.

[6:30] Closing thoughts on the benefits of free leads through strong relationships.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Ben Jensen shares his experience with wholesaling real estate and provides tips for beginners. He discusses how he made $31,000 on a wholesale deal and explains his marketing strategies, including using Google ads and driving for dollars. Jensen emphasizes the importance of networking and finding a mentor when starting out in wholesaling. He also offers advice on underwriting deals and negotiating with sellers. Jensen shares his social media handles and mentions a free community for aspiring wholesalers.

Key Talking Points of the Episode

00:00 Introduction

01:01 How did Ben make $31K on a wholesale deal?

02:21 How does PPC marketing work?

05:37 How did Ben find the buyer for this deal?

06:35 What can you do if you’re struggling to find buyers for your deals?

07:47 How did Ben learn about wholesaling real estate?

09:46 Why did Ben decide to be partners with his brother?

11:50 How has Ben’s approach to finding deals changed?

13:30 What does Ben plan to do with the profit from this deal?

14:50 What is Ben’s advice for new investors looking for their first deal?

16:42 What are Ben’s quick tips for underwriting deals?

18:36 How can you negotiate your offers effectively?

19:54 How can you get in touch with Ben?

Links

Event: Deal Machine Unveiled

https://www.dealmachine.com/unveiled

Instagram: Ben Jensen

https://www.instagram.com/benjensen.rei

Youtube: REI Closers

https://www.youtube.com/channel/UCrJGEJwlCPHvUH2-PA2gpUA

Skool: Wholesale Real Estate

https://www.skool.com/wholesale-real-estate-7984/about

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/