227: DON’T BUY A FERRARI (Until You Do This First)

In this episode, David and Ryan explain why investing in real estate is a smarter move than splurging on luxury items like supercars. They dive into the BRRRR strategy—Buy, Renovate, Rent, Refinance, Repeat—sharing how they've used it to generate substantial passive income from rental properties. If you're looking to build wealth and create long-term financial freedom, this episode has plenty of actionable insights. Plus, you're invited to join DealMachine's Cold Calling Challenge, where you can learn firsthand how to find off-market deals and land your first investment property!

Join DealMachine's Cold Calling Challenge (October 2024):

https://www.dealmachine.com/cold-calling-challenge

KEY TALKING POINTS:

0:00 - Don’t Buy A Ferrari (Yet)

0:56 - How Ryan Leveraged Real Estate To Pay For Two Nice Cars

4:27 - How Much Money Ryan Invested To Get Three Rentals

6:19 - Leveraging Wholesaling & Ryan’s First BRRRR Deal

8:40 - How You Can Find One Of These Deals

9:11 - Outro

LINKS:

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/