087: W-2 Replacement with Wholesaling Real Estate with Wes Steimel

Wes Steimel was making ""good money"" selling 10,000 lbs of meat to grocery stores, but when his children were born, he wanted to stop working 60 hours per week.

His wife encouraged him to find another job that would give him more time freedom with the family.

They decided to wholesale real estate and he made $18,750 on his very first house that he found.

The seller wanted speed and convenience rather than the top dollar, so the deal was very smooth.

1 year later, we recorded this podcast to hear how Wes has done 15 deals now.

Wes most recently closed a deal with the help of Ryan Haywood, your co-host of the DealMachine Podcast.

Tune in for step-by-step how you can find and close your first real estate wholesaling deal.

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

01:13 How much did Wes make on his first wholesale deal?

04:06 How did Wes find his first wholesale deal?

06:56 What was the appointment like on Wes’ first deal?

08:01 How did the seller’s level of motivation help Wes with the deal?

10:01 How did Wes start looking for a buyer for his first deal?

12:15 What did Wes do before getting involved in real estate?

13:18 How did Wes’ wife support him as he transitioned to real estate investing full-time?

15:34 What challenges did Wes encounter when he started wholesaling?

17:26 What kind of mail pieces did Wes use for direct mail?

18:30 How did Wes meet Ryan?

20:18 What was Wes’ JV deal with Ryan like?

22:42 What is the most profit Wes ever made on a wholesale deal?

25:01 How can you connect with Wes?

Links

Instagram: Wes Steimel

https://www.instagram.com/wessteimel/

Podcast: 054: From $30,000 In Debt To Making $50,000 In 6 Weeks with Mike DeHaan

https://podcasts.apple.com/us/podcast/054-from-%2430-000-in-debt-to-making-%2450-000-in-6-weeks/id1667656532?i=1000629624965

Document: Joint Venture Agreement

https://www.dealmachine.com/JV

7-Day Trial: Deal Machine App

https://www.dealmachine.com/pod