086: $30,000 from House Flipping vs Wholesaling with Hannah Martin & Lukas Dommer

Do you want to quit your job and flip houses, but you kinda wonder about this wholesale real estate thing?

Maybe you looked at a deal and were tempted to buy it yourself to flip it for a bigger profit than wholesaling...

Hannah Martin and Lukas Dommer were bored in covid so they started a wholesale real estate business.

Now they've done 129 deals, and tried flipping for a little bit.

They're here to explain how they started, and how flipping is a different business than wholesaling.

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

Key Talking Points of the Episode

00:00 Introduction

01:00 How did Hannah and Lukas make thousands on their first deal?

02:45 What happened when Hannah and Lukas advertised their first deal?

03:40 How did Hannah and Lukas find a buyer for their first deal?

05:48 What were Hannah and Lukas doing before getting into real estate?

07:40 How did Hannah and Lukas find their 2nd wholesale deal?

10:51 How long did it take for the fire damage deal to close?

13:45 What did Hannah and Lukas learn from their 2nd deal?

16:54 How did Hannah and Lukas find a buyer for the fire damage deal?

21:47 What was it like for Hannah and Lukas to learn the ropes of wholesaling?

23:44 What is the reality behind faking it til you make it?

25:38 Why did Hannah and Lukas decide to focus on wholesaling?

28:33 How can you connect with Hannah and Lukas?

Links

Document: Wholesaling Contract

https://www.dealmachine.com/contract

Instagram: Hannah Martin

https://www.instagram.com/hannah_mar10

Instagram: Lukas Dommer

https://www.instagram.com/lukas_dommer

Instagram: Heritage Home Investments

https://www.instagram.com/heritage_home_investments

Podcast: 071: How To Analyze A Real Estate Deal with David Lecko

https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727