156: Is The Best Way To Start Investing in Real Estate "Wholesaling?"

Want to invest in real estate to replace your W2 and be your own boss? Our guest asks top questions on getting started and we answer them!

Key Talking Points of the Episode

00:00 Introduction

02:17 When do real estate investors use debt for properties?

04:01 How do interest rates affect your real estate deals?

05:37 Where did the idea for the Deal Machine app come from?

06:48 What motivated David to build the Deal Machine app?

07:39 What was the first property David invested in?

09:38 What is difference between how we do real estate today from before?

10:18 How can new investors take advantage of DSCR loans?

12:05 What is the BRRR strategy?

13:04 How can new investors avoid getting into bad deals?

14:10 What is the difference between being an agent and a wholesaler?

Links

Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko

https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Heritage Home Investments

https://www.instagram.com/heritage_home_investments