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Deal Machine: How This Game-Changing Tool is Revolutionizing Real Estate Investing
Dec 5, 2024
David Lecko, founder of Deal Machine, shares his fascinating journey from manually tracking real estate deals to creating a groundbreaking AI-powered tool. He discusses how technology, like satellite and street view analysis, revolutionizes the hunt for off-market properties. David emphasizes the importance of authenticity in sales and the need for consistent outreach to connect with motivated sellers. He also highlights the challenges of navigating market cycles, offering insights for both novice and seasoned investors looking to elevate their real estate game.
33:39
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Quick takeaways
- David Lecko's Deal Machine revolutionizes real estate investing by streamlining the process of finding off-market deals and managing follow-ups.
- Effective follow-up strategies, facilitated by Deal Machine's automated features, are crucial for successfully closing real estate transactions in today's market.
Deep dives
The Origin of Deal Machine
David Lecco, inspired by the teachings of 'Rich Dad, Poor Dad,' ventured into real estate investing with the goal of retiring early. He initially faced challenges finding rental properties where the mortgage payments would be less than the rental income. This struggle led him to explore off-market deals by driving for dollars, enabling him to discover undervalued homes. The difficulty in managing follow-ups prompted him to develop Deal Machine, a software that streamlines the process of tracking properties and sending direct mail to owners, revolutionizing the way real estate investors find deals.
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