223: How Luis Made $20K By Holding A Property For Just Two Days

Luis’s first real estate deal wasn’t without its challenges, but it earned him a solid $20K. In this episode, we break down how he navigated the process, from finding a motivated seller to securing the property and ultimately profiting on the sale. Luis shares the key decisions he made along the way and how he managed to turn his first deal into a substantial payday.

KEY TALKING POINTS:

0:00 - Introduction

1:16 - Diving Into Luis’ First Deal

3:35 - Partnering With His Friend

5:25 - How Much They’ve Spent On Mail So Far

6:35 - Still Working As An Agent After His First Deal

9:06 - What His Partner Is Up To

10:23 - How Much He Made From His First Deal

13:44 - Why He Decided To Buy The Deal Instead Of List It Himself

15:03 - Agents & Wholesalers Don’t Compete For The Same Deals

15:26 - Luis’ Focus Moving Forward

16:49 - Outro

LINKS:

Instagram: Luis Monroy

https://www.instagram.com/looneylu401

Facebook: Luis Monroy

https://www.facebook.com/LuisMonroy401/

Instagram: David Lecko

https://www.instagram.com/dlecko

Website: DealMachine

https://www.dealmachine.com/pod

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/