The DealMachine Real Estate Investing Podcast

David Lecko, Ryan Haywood
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Sep 17, 2024 • 14min

210: The Three Stages of Analysis Paralysis in Real Estate

In this 15 minute recap, Josh Wiesler, a real estate coach and investor, shares how personal transformation and tackling blind spots are crucial for real estate success. He breaks down the three types of analysis paralysis and explains why shifting your mindset is key to scaling your business. Whether you're aiming for your first deal or ready to level up, Josh offers practical insights to help you overcome obstacles and grow with confidence. KEY TALKING POINTS:0:00 - Introduction1:17 - Josh's Background in Real Estate & Starting A Coaching Company2:46 - The Three Biggest Sources of Personal Development3:10 - Focusing On Personal Transformation To Level Up6:52 - Figuring Out Where Your Blind Spots Are8:38 - Using Satellites As An Analogy For Your Blind Spots9:32 - Breaking Down The First Stage of Analysis Paralysis10:14 - The Second Stage of Analysis Paralysis11:14 - The Third Stage of Analysis Paralysis13:19 - Closing Thoughts14:05 - Outro LINKS:Instagram: Josh Wieslerhttps://www.instagram.com/joshwiesler Other Socials: Josh Wieslerhttps://linktr.ee/emergingexecutive Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
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Sep 16, 2024 • 20min

209: How To Acquire Good Real Estate Deals

Wyatt Reed shares his experience with wholesaling real estate and how he made $1,900 on his first wholesale deal. He explains how he found the deal through a coworker and the challenges of dealing with a hoarder house. Wyatt also discusses his transition from wholesaling to buying and holding properties, as well as his foray into seller financing. He emphasizes the importance of taking action and finding leads in order to be successful in real estate investing. KEY TALKING POINTS:0:00 - Introduction1:31 - Breaking Down Wyatt’s First Wholesale Deal6:45 - How Wyatt Spent His First Assignment Fee7:48 - What Wyatt Did Next9:00 - How He Explains Wholesaling to Sellers10:04 - Dealing With Sellers That Are Put Off By Wholesaling11:16 - How Many Wholesale Deals Wyatt Has Done & His Perspective On It14:44 - What Wyatt Was Doing Before Real Estate15:29 - What His Life Is Like As An Investor16:14 - His Advice for People Looking to Get Their First Deal17:23 - Where to Find Wyatt & Defining Seller Finance19:17 - Outro LINKS:Instagram: Wyatt Reedhttps://www.instagram.com/wyatt_c_reed/ Website: Wyatt Reedhttps://ascendyoursuccess.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/  
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Sep 13, 2024 • 17min

208: 9 Day Plan To Get Your First Wholesale Deal

A guy on Instagram documented his journey in wholesaling real estate for 85 days. He faced challenges in finding deals and making connections. The hosts, David and Ryan, provided feedback and suggestions for improvement. They discussed the importance of driving for dollars to find distressed properties, the need for a targeted lead list, and the value of in-person appointments. They also finished the episode with a 9 day plan you can follow to get your first deal.  KEY TALKING POINTS:0:00 - Introduction1:07 - Breaking Down Day 855:46 - Tim’s Day 1 & Day 2 Videos8:27 - Tim’s Day 3 Video10:31 - Analyzing A Few More of Tim’s Videos14:26 - David & Ryan’s Thoughts on Tim’s Process So Far15:26 - The First 9 Days of Your Wholesaling Journey16:34 - Outro LINKSCheck Out Tim's Journey on Instagram:https://www.instagram.com/TimmyTriumphs Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
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Sep 11, 2024 • 28min

207: 5 Steps To Market For Your First Wholesale Deal

Kyle Eisenbarger shares five important marketing tips for getting your first wholesale deal. The first tip is consistency, emphasizing the need to always be marketing, even during slow periods. The second tip is commitment, understanding that marketing has cash conversion cycles and being willing to stick with it for the necessary amount of time. The third tip is to stay in your lane and focus on one marketing channel until you reach a certain level of success. The fourth tip is to know your numbers and make data-driven decisions. The fifth tip is to go with the flow and be adaptable to changes in the market and marketing strategies. A bonus tip is to start now and perfect later, emphasizing the importance of taking action and learning as you go.  KEY TALKING POINTS:0:00 - Introduction2:00 - Tip #1: Consistency7:02 - Tip #2: Commitment12:00 - Tip #3: Stay In Your Lane16:15 - TIp #4: Know Your Numbers22:29 - Tip #5: Go With The Flow24:09 - Bonus Tip: Start Now, Perfect Later26:13 - Closing Thoughts & How to Find Kyle LINKSInstagram: Kyle Eisenbargerhttps://www.instagram.com/keisenb/ Website: Sunflower Real Estatehttps://www.sunflowerhomebuyers.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
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Sep 10, 2024 • 15min

206: Using Hard Money To Get Deals With A Small Budget

Brandon Schlichter, founder of InvestmentJoy, breaks down the techniques he uses to secure hard money and seller financing for real estate deals with minimal cash out of pocket. He shares practical strategies for finding and leveraging alternative financing options to maximize your purchasing power, whether you're just getting started or looking to scale your portfolio. Brandon also dives into the importance of building relationships with lenders and how persistence can help you close deals even when you're working with limited funds, offering valuable insights for both new and experienced investors. KEY TALKING POINTS OF THE EPISODE0:00 - Introduction1:06 - A Call Brandon Received From A Frustrated Investor3:19 - Breaking Down His Laundromat Deal & His Sales Process 7:04 - How Seller Financing Can Work In Your Favor9:09 - An Example of Utilizing Hard Money 11:22 - How to Find Hard Money Lenders Using DealMachine's Data14:25 - Closing Thoughts LINKSInstagram: InvestmentJoyhttps://www.instagram.com/InvestmentJoy Website: InvestmentJoyhttps://www.investmentjoy.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/  
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Sep 9, 2024 • 16min

205: The First Deal: Proof Of Concept

Darryl shares his experience with his first real estate deal, which was a single-family home he wholesaled in North Carolina. He found the deal on Craigslist and locked it up at a price that would have made him $5,000, but ended up renegotiating and making only $500. Despite the small profit, this deal proved to be a proof of concept for Darryl. He quit his job in cable and got into real estate to create a better life for himself. He eventually ventured into seller financing deals and built a portfolio of properties. Darryl emphasizes the importance of nurturing relationships with potential future business and the value of follow-ups in wholesaling. He also discusses the average assignment fees in his market and the marketing strategies he uses to find deals.  KEY TALKING POINTS OF THE EPISODE0:00 - Darryl's First Wholesale Deal1:53 - What He Was Doing Before Real Estate2:33 - What Led Darryl to Trying Real Estate3:49 - What He Did After Getting His First Deal4:30 - His Seller Financing Deal7:14 - His Primary Method of Investing Now7:56 - A Word of Advice for New Wholesalers9:29 - Tips on Setting A Schedule for Yourself11:00 - The Wholesale Deals Darryl Does12:13 - How Much Marketing to Get A Deal?14:08 - Darryl's Business Structure14:38 - How to Find Darryl & Closing Thoughts LINKSInstagram: Darrylhttps://www.instagram.com/spanknnewrealestate Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/  
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Sep 6, 2024 • 18min

204: $1600 Marketing Plan For Wholesaling Real Estate

Giovanny explains how he was motivated to start wholesaling after seeing success stories on social media and wanting a change in his life. Giovanny discusses the initial steps he took, the costs involved in wholesaling, and his decision to work with a mentor. He also talks about his approach to finding distressed properties and the importance of perseverance in the wholesaling business. KEY TALKING POINTS OF THE EPISODE0:00 - Introduction0:41 - Why Giovanny Started Wholesaling1:49 - The First Steps He Took When Getting Started2:44 - His Initial Investments Into His Business3:38 - His Experience With Zack Boothe's Mentorship Program5:31 - What Giovanny Looks For When Driving for Dollars6:20 - Are Most People Successful Following The Steps to Wholesaling?6:50 - Why Most New Wholesalers Fail & Quit8:18 - An Early Lesson David Learned in Real Estate10:10 - How Many Properties He's Added & His Marketing Approach11:29 - How Giovanny's Family Feels About Him Starting Real Estate12:58 - Working With The AI Features in DealMachine's Dialer14:47 - Scrubbing Out "Not Interested" or "Bad Contact" Numbers16:42 - Closing Thoughts & How to Find Giovanny LINKSInstagram: Giovanny Escalonahttps://www.instagram.com/smartflips_giohomebuyers Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/ 
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Sep 4, 2024 • 20min

203: The "Pull Back" Method That Makes You $8000

Tommy Harr shares his journey into wholesaling and how he built a successful wholesaling company. He discusses his marketing strategies, including cold calling and niche texting. Tommy emphasizes the importance of building rapport with sellers and understanding their motivations. He also provides tips for successful sales calls and negotiations. Tommy talks about the growth of his business and his focus on mentoring and coaching new investors.  KEY TALKING POINTS OF THE EPISODE0:00 - Introduction1:28 - Tommy's Journey in Real Estate3:13 - Where His Business Is Today3:52 - Tommy's First Wholesale Deal5:39 - Their Current Marketing Methods6:12 - Tommy's Approach to Cold Calling9:20 - Building Rapport When Going On Appointments12:19 - Focusing On The Seller, Not The House14:45 - Tommy's Tips From Sales Training15:48 - When The Seller's Pushing You To Give A Price17:02 - Where Tommy Plans To Take His Business18:22 - Tommy's Mentorship & Coaching Program19:05 - Where to Find Tommy & Closing Thoughts LINKSInstagram: Tommy Harrhttps://www.instagram.com/tommyharr05 Website: Real Side Real Estatehttps://realsidecommunity.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
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Sep 3, 2024 • 16min

202: Why Your Cash Offers Keep Getting Rejected & How to Fix It

In this episode, Dedric and Krystal Polite, hosts of the show 50/50 Flip on Hulu and A&E, dive into the power of seller financing, revealing how you can offer sellers more than their asking price while securing favorable terms for yourself. Learn their techniques for structuring dual offers, negotiating with confidence, and using creative financing to close more deals in today's competitive market. Dedric and Krystal Polite are a dynamic husband-and-wife team and co-founders of Be Polite Properties, a real estate investment company. They specialize in creative financing, wholesaling, and property management, with a focus on revitalizing communities and building generational wealth. Their expertise and passion for real estate have also led them to mentor and coach new investors, helping them navigate the complexities of the industry and achieve success​ KEY TALKING POINTS OF THE EPISODE0:00 - Introduction0:32 - The Challenge & Opportunity In The Market for Investors Right Now2:34 - What Happens to 99% of Cash Offers?3:44 - How/Why Dedric & Krystal Make Two Offers On Every House6:21 - Defining Seller Financing & What The Offer Looks Like8:36 - The Buyer Benefits of Seller Financing9:56 - The Rules for Seller Financing Offers11:29 - Can You Wholesale A Seller Financing Deal?12:02 - Tips on Structuring A Seller Financing Deal15:24 - Outro LINKSInstagram: bepolitepropertieshttps://www.instagram.com/bepoliteproperties Website: Be Polite Propertieshttps://politeproperties.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
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Sep 2, 2024 • 21min

201: Can You Make $5 Million A Year Wholesaling Real Estate?

Brad Bone started his real estate journey in 2015 with his first wholesale deal. He transitioned from fix and flip to wholesaling because it allowed him to control his own deal flow and navigate market cycles with less stress. Brad primarily focuses on assignments and novations as his exit strategies. He uses various marketing channels, including direct mail, TV marketing, and PPC, to generate leads. Brad emphasizes the importance of finding good lists for direct mail campaigns. He has implemented the entrepreneurial operating system in his business and has hired an integrator to handle operations.  KEY TALKING POINTS OF THE EPISODE0:00 - Introduction0:41 - Brad’s First Wholesale Deal1:21 - His Transition From Buying From Wholesalers to Becoming One2:07 - Why He Felt Wholesaling Was Better Than Flipping4:39 - Brad’s Budget for Direct Mail & Replicating His Results6:21 - Getting into TV Marketing7:35 - Defining Novations & How Often Brad Uses That Method9:07 - Why He Started Marketing in Jacksonville10:20 - How He Started Investing Virtually11:29 - What He Was Doing Before Real Estate12:37 - His Experience Working With His Business Partner/Twin Brother16:07 - How to Get In Touch With Brad16:36 - How He Targets Properties for Direct Mail18:02 - Brad’s Goals Going Forward19:05 - Replicating Brad’s List Strategy with DealMachine20:45 - Outro LINKSFacebook: Brad Bonehttps://www.facebook.com/brad.bone.92 Website: Prime Buyershttps://primebuyersjax.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

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