103: How To Wholesale Real Estate In Illinois with Jesseme McVey

Jesseme McVey shares her experience of making $17,000 on her first wholesale deal and how she got started in real estate wholesaling. She explains her motivation to wholesale properties and her future plans and goals. Jesseme discusses her use of DealMachine for driving for dollars and the success she has had with it. She also talks about the challenges of dealing with regulations in Illinois and finding reliable drivers. Jesseme shares her goals for wholesale deals and her plan to acquire enough rental properties so she can retire and teach yoga and spend time with her 7 year old daughter.

Takeaways

Driving for dollars can be a successful strategy for finding wholesale deals.

Using DealMachine can streamline the process of driving for dollars and finding distressed properties.

Understanding and navigating local regulations is crucial for successful wholesaling.

Having a clear goal and motivation can drive success in real estate investing.

Key Talking Points of the Episode

00:00 Introduction

00:50 How did Jesseme make $17K on her first wholesale deal?

03:25 What gave Jesseme the idea to start wholesaling real estate?

05:02 How was Jesseme acquiring rentals before she started wholesaling?

06:34 How did Deal Machine help Jesseme grow her wholesaling operations?

09:02 What motivates Jesseme to keep wholesaling?

11:27 Why is it important to make calculated decisions as a real estate investor?

13:12 How much has Jesseme’s driving-for-dollars strategy changed through the years?

15:14 How is Jesseme navigating the wholesaling regulations in Illinois?

18:09 What is it like to wholesale or flip properties in Illinois?

21:02 What is it like to work with an attorney as an investor in Illinois?

24:01 What is Jesseme’s wholesaling goal this year?

25:16 How can you connect with Jesseme?

Links

Promo: Deal Machine App

https://www.dealmachine.com/pod

Social Media: Jesseme Mcvey

https://www.instagram.com/jessemejene

https://www.facebook.com/jesseme.bysong

Podcast: 052: A Single Deal, A Six-Figure Gain: Michael Pinter's Extraordinary Wholesaling Success Story

https://podcasts.apple.com/us/podcast/052-a-single-deal-a-six-figure-gain-michael/id1667656532?i=1000629049733

David's Social: @dlecko

https://www.dealmachine.com/pod