Collecting Keys - Real Estate Investing Podcast

EP 240 - Driving For Dollars the Modern Way with David Lecko CEO of DealMachine

Dec 11, 2023

David Lecko, CEO of DealMachine, shares his entrepreneurial journey from driving for dollars to scaling DealMachine into a multi-million dollar company. He discusses the challenges of scaling, balancing work and life, and tips for business growth. Tune in for valuable insights on lead generation and entrepreneurship.

45:58

Episode guests

David Lecko

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Highlights

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Episode notes

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Quick takeaways

Delegation is crucial for business growth, hiring help can enhance productivity and scale ventures effectively.

Leveraging technology like DealMachine can streamline real estate investments by identifying profitable opportunities through driving for dollars.

Deep dives

Discovering Efficiency Through Hiring

Realizing the value of delegation, the podcaster highlights the importance of hiring help, even if they perform at 80% of one's standards. The insight comes from experience scaling a venture from zero to $13 million yearly. It showcases the shift from hesitation about hiring to recognizing the benefits of outsourcing tasks.

Importance of Choosing the Right Payment Structure for Employees

01:20

Maxim: Avoid Prejudging Leads and Start with a Personal Assistant

01:19

Balancing Investment and Reward in Business

01:03

Intro

2min

Driving for Dollars & Entrepreneurial Insights in Real Estate Investing

4min

The Entrepreneurial Journey of Deal Machine

29min

Passion for Miata Racing and Future Plans for Deal Machine

4min

Successful Real Estate Deal and Scaling Tips

5min

Benefits of Having an Assistant for Entrepreneurs and Promoting Deal Machine App

2min

What did you think of todays show??

Driving For Dollars the Modern Way with David Lecko CEO of DealMachine

Episode 240

Every good business solves a problem, and that’s exactly what David Lecko did as a young real estate investor. After losing out on a property deal, he streamlined the driving-for-dollar strategy by creating DealMachine, an app designed to track and market to properties. Initially a personal project, DealMachine has grown into a thriving multi-million dollar company.

In this episode, David delves into the challenges and triumphs of scaling DealMachine, highlighting its value as a lead-generation tool for businesses of all sizes. He also talks about how he balances work and life with a profit-first approach, and the lessons he’s learned from his experience hiring and managing a team.

This episode is full of entrepreneurial insights that can help any business owner. Tune in now!

Topics discussed in this episode:

The journey from driving for dollars to DealMachine
David’s current portfolio and investment goals
Ups and downs of scaling DealMachine
Tips to scale your business more easily

Connect with David Lecko on IG: https://www.instagram.com/dlecko/

Get the DealMachine: https://www.dealmachine.com/driving-for-dollars

Listen to Mike’s episode on “The DealMachine Real Estate Investing Podcast!” https://podcasts.apple.com/us/podcast/054-from-$30-000-in-debt-to-making-$50-000-in-6-weeks/id1667656532?i=1000629624965

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