101: Job Eliminated: Replaced That Income in 4 Weeks of Wholesaling!

Enrique Machado shares his journey in wholesaling real estate, starting with his first $5,000 deal. After being let go from his job, he decided to pursue real estate full-time and got a mentor for guidance. He explains his direct-to-agent process and how he collaborates with agents to find deals. Enrique's motivation to be his own boss and provide for his family drives his success in the industry.

Takeaways

Joining a community or coaching program can provide guidance and support in wholesaling real estate.

Building relationships with agents is a strategy for finding deals and ensuring success in wholesaling.

Transparency and honesty in the wholesale process help maintain trust with agents and other parties involved.

Reinvesting profits and having a long-term vision can lead to further success and opportunities in real estate.

Key Talking Points of the Episode

00:00 Introduction

01:21 Why did Enrique decide to become a full-time real estate investor?

02:36 What gave Enrique the idea to become his own boss?

04:03 What did Enrique learn from joining a real estate mastermind?

05:13 How is Enrique using the direct-to-agent strategy?

06:13 Why is it important to be fair to all parties involved in a transaction?

07:04 How does Enrique explain what he does to agents?

08:30 What contract does Enrique use for his direct-to-agent deals?

11:03 How did Enrique find a buyer for his first wholesale deal?

12:24 How can you accurately estimate the ARV of a property with Deal Machine?

14:21 How does Enrique calculate the repair budget on his deals?

15:18 Where would Enrique be today if he didn’t start wholesaling?

16:40 What is Enrique’s motivation to succeed in real estate investing?

19:10 How can you connect with Enrique?

Links

Free Trial: Deal Machine App

https://www.dealmachine.com/pod

Instagram: Enrique Machado

https://www.instagram.com/enrique.machado_/

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https://www.dealmachine.com/pod