Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too!
David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he’d have to mimic his boss’ path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions.
In today’s episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today’s tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away!
In This Episode We Cover:
How to reach financial freedom in just a couple of years by buying off-market real estate
Driving for dollars and using this strategy to find massively underpriced deals
Outsourcing your deal finding so you can drive less and make more money
Building your off-market deal list and how many houses it’ll take to get your first payday
To BRRRR or not to BRRRR and why NO cash flow isn’t always a bad thing
And So Much More!
Links from the Show
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BiggerPockets Podcast 731 with Brent Daniels
BiggerPockets Podcast 781 on Finding Off-Market Deals
BiggerPockets Podcast 663 with Pitch Anything Part 1
BiggerPockets Podcast 664 with Pitch Anything Part 2
Real Estate Rookie Podcast 241 with Sahleem Lee
Books Mentioned in the Show
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Pillars of Wealth by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
Connect with David:
David's BiggerPockets Profile
DealMachine
David's Instagram
David's Podcast
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830
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BiggerPockets Real Estate Podcast