The DealMachine Real Estate Investing Podcast

Matthew Simmons shares his experience of making $18,000 in his first wholesale deal and how he got started with probate deals. He explains the process of calculating the offer price and understanding the value of a property as a rental. Matthew also discusses the formula for calculating offers and how he sold the property as a rental. He shares his motivation for getting into real estate investing and his previous business ventures. Matthew emphasizes the importance of mindset and shares the characteristics that contribute to success. He also talks about starting a vending machine business and compares wholesaling to his other businesses. Key Talking Points of the Episode 00:00 Introduction01:00 How did Matthew make $18K on his first wholesale deal?03:52 Why did Matthew decide to start with probate leads?04:38 How did Matthew learn to get the ARV for his first wholesale deal?07:02 What formula did Matthew use to calculate the ARV of his first wholesale deal?08:14 How did Matthew pitch his first wholesale deal to his buyer?09:01 What made Matthew decide to get involved in real estate investing?11:36 How did Matthew’s background in business help him succeed in real estate?12:27 What kind of mindset helped Matthew grow in real estate investing?14:28 How does discipline in life affect your capability to succeed in business?16:02 What got Matthew into entrepreneurship?17:50 Who inspired Matthew to get into entrepreneurship?18:50 How does wholesaling compare to Matthew’s other businesses?21:28 How can you connect with Matthew? Links Promo: Deal Machine Apphttps://www.dealmachine.com/pod Instagram: Matthew Simmonshttps://www.instagram.com/therealmatthewsimmons/ Youtube: Matthew Simmonshttps://www.youtube.com/@MatthewSimmons-Entrepreneur David's Social: @dleckohttps://www.dealmachine.com/pod

Alec Hawthorne shares how he and his dad made $5,000 on their first wholesale deal and how they got started in real estate. They used the DealMachine app and drove around neighborhoods, tagging distressed properties and making cold calls. After their initial success, they shifted strategies and started reaching out to real estate agents for off-market deals. Alec also discusses how he analyzes deals and estimates repairs. Key Talking Points of the Episode 00:00 Introduction01:35 How did Alec make $5K on their first wholesale deal?04:01 What was it like for Alec to look for his first wholesale deal?05:35 How did Alec get into wholesaling?08:24 Why did Alec have to change what they were doing after the first deal?09:49 How did Alec really learn about wholesaling?11:14 How does Alec calculate the numbers when evaluating a deal?13:53 What strategy does Alec use in his real estate business today?15:09 How does Alec structure agents’ commissions on his deals?17:16 How does Alec find buyers for their deals through ChatGPT?19:55 How many deals does Alec get from agent outreach? Links FREE Trial: Deal Machine Apphttps://www.dealmachine.com/pod Podcast: 053: $35,000 on His First Deal To 80 Deals Later with Phillip Villegashttps://podcasts.apple.com/us/podcast/053-%2435-000-on-his-first-deal-to-80-deals-later-with/id1667656532?i=1000629356538 David's Social: @dleckohttps://www.dealmachine.com/pod

Dean Rogers shares his journey from the NFL to real estate wholesaling, including his first deal and the lessons he learned along the way. He emphasizes the importance of taking action and putting in the work to achieve success. Dean discusses his preferred lead sources and the marketing strategies he uses to generate deals. He also highlights the significance of building a strong team and the balance between big goals and personal life. Dean shares his coaching program and encourages listeners to connect with him for further guidance. Key Talking Points of the Episode 00:00 Introduction00:57 What is Dean’s background?01:40 How did Dean get started in real estate investing?03:53 How did Dean’s athletic background help him in real estate?04:57 How did Dean find his first wholesale deal?07:19 What has changed since Dean got his first wholesale deal?09:27 Why did Dean decide to focus on wholesaling?11:53 What is Dean’s favorite lead source today?13:08 How can you learn more about direct mail marketing?14:07 What lists did Dean send direct mail to?16:30 What are Dean’s talking points when a lead calls?17:48 How far has Dean gone since he started in real estate?19:52 What type of people will work best in Dean’s coaching program?21:40 How can you learn more about Dean and his coaching program? Links Podcast: MC018: Direct Mail Best Practices for Real Estate Investors with Justin Dosseyhttps://podcasts.apple.com/us/podcast/mc018-direct-mail-best-practices-for-real-estate-investors/id1667656532?i=1000635228637 Website: Dean Rogershttps://deanrogers.com/ David's Social: @dleckohttps://www.dealmachine.com/pod Instagram: Dean Rogershttps://www.instagram.com/deanrogersrealestate

Devin Robinson shares his journey in real estate wholesaling, starting with his first wholesale deal and working with hedge funds. He discusses the importance of building systems and processes, as well as finding truly motivated sellers. Devin emphasizes the value of providing solutions beyond buying the house, such as helping sellers in foreclosure navigate their options. He also highlights the significance of personalized outreach, including sending video messages to potential sellers. Devin concludes by discussing the current state of REO deals and sharing his insights on other types of leads. Takeaways • Building systems and processes is crucial for success in real estate wholesaling.• Finding truly motivated sellers and providing value beyond buying the house can lead to higher profits.• Personalized outreach, such as sending video messages, can make a significant impact on potential sellers.• Foreclosure leads offer a time-sensitive opportunity to help sellers and secure profitable deals. Chapters 00:00 Introduction and First Wholesale Deal01:02 Learning Wholesaling and Working with Hedge Funds02:00 Transitioning to Traditional Wholesaling03:22 Building Systems and Processes04:34 Hedge Funds Buying Again05:04 Offer on Market Property06:03 Relationships with Hedge Funds07:19 Finding Truly Motivated Sellers08:01 Providing Value to Sellers10:07 Helping Sellers in Foreclosure11:42 Providing Solutions Beyond Buying the House13:21 Outreach to Pre-Foreclosure Sellers14:00 Sending Personalized Video Messages16:18 Time-Sensitive Foreclosure Data17:11 REO Deals and Bank-Owned Properties19:08 Other Types of Leads24:09 Importance of Door Knocking25:44 Driving for Dollars and Foreclosure Leads26:27 Devin's Social Media Accounts27:08 Closing Remarks David's Social: @dleckohttps://www.dealmachine.com/pod Devin's Facebook Group: https://realliferei.com/

Do you LOVE your job, but wish it paid a bit more? Ramone has been vacationing in Greece without worrying about the cost... Thanks to his side hustle. He's been finding run down houses since 2020 and gets paid $17,000 for finding them. He uses the wholesaling real estate strategy with ON-MARKET deals... something we have never covered on this podcast before. Ramon also explains how he built relationships with cash buyers and the importance of driving for dollars as the best list for finding deals. He shares his transition from flipping to wholesaling and how wholesaling has become a side hustle on autopilot for him. Ramon emphasizes the benefits of wholesaling for generating cash for rentals and shares his key lessons in wholesaling. Takeaways Wholesaling real estate is a great way to escape the rat race and make more money.Building relationships with cash buyers is crucial for successful wholesaling.Driving for dollars is the best list for finding deals in wholesaling.Wholesaling can be a side hustle on autopilot, allowing for additional income.Wholesaling can generate cash for investing in rental properties. Key Talking Points of the Episode 00:00 Introduction01:02 How did Ramon get into wholesaling?02:16 How did Ramon wholesale a deal that was on the market?03:02 Where did Ramon meet his cash buyer?04:43 What type of lists did Ramon cold call for deals?05:47 How does Ramon open conversations with sellers?06:53 What made Ramon decide to focus on wholesaling?08:12 How does Ramon drive for dollars?09:41 How does Ramon decide when to keep properties as rentals?11:28 What does Ramon do to market his real estate business? Links Document: Wholesale Contracthttps://www.dealmachine.com/contract 

Have you wanted to try real estate wholesaling but you're not sure where to find these ""buyers"" that will pay you a big finders fee? It can be hard to start something when you don't know how it's going to end! So this episode shows you how easy it is to find a buyer. And you can take action towards financial freedom, 10X'ing your income and replacing your w2 with wholesaling real estate. 1. Foreclosure auction2. Facebook group3. Google “sell my house fast”4. Real Estate Meetup5. DealMachine cash buyers filter6. Post your deal on Craigslist, FB marketplace, the MLS7. Investorlift8. Hedge fund buyers: SFR3, CONREX, Vinebrook, Wedgewood, Open House, Tiber Capital9. Subscribe to local wholesalers email list. Wait a month. Look up who bought all the deals they advertised. Bonus: Open door used to be… but now you have to HACK: Don’t worry about finding a buyer until you have a deal. The best way to find a buyer is to advertise an absolutely smoking deal. Additional listening:77: 2x your income by qualifying your buyers65: Get your first deal in 7 days David's Social: @dleckohttps://www.dealmachine.com/pod

Want to leave your 9-5? Dillano Medina made $5000 by finding a run down house and passing it off to an investor. He explains how this side hustle turned into a business that gives him more income and time freedom to live his life on his terms. The way he gets in touch with home owners is by finding run down houses, looking up the owner's phone number, and then calling to see if they want an offer on their house. He has done 60 deals so far! Here are 3 tips from Dillano he has discovered about cold calling sellers: 1. Hand dialing avoids showing as spam2. Hand dialing allows you to double dial the same person3. Save $1000 per month skip tracing by using unlimited contact info that is included in DealMachins Bonus: leave sticky notes on run down houses asking them to call for an offer on their house Key Talking Points of the Episode 00:00 Introduction01:01 What was Dillano’s first wholesale deal like?03:06 How did Deal Machine help Dillano become more efficient in finding deals?05:42 What formula does Dillano use to come up with his MAO?07:00 What was it like for Dillano to make an offer on his first wholesale deal?09:08 What challenges did Dillano deal with on his first wholesale deal?10:25 How did Dillano find buyers for his first wholesale deal?12:45 How much has changed since Dillano did his first wholesale deal?16:22 What is Deal Dogs about?19:11 What is Dillano’s most recent deal from Deal Machine like?24:40 How did Dillano use the data from Deal Machine to call the leads they found?26:12 How is Deal Machine helping make skiptracing more efficient?28:47 What can you do to make driving for dollars more effective for you? Links Promo: Deal Machine Apphttps://www.dealmachine.com/pod Podcast: 080: 3 Steps To Find Off Market Real Estate Dealshttps://podcasts.apple.com/us/podcast/080-3-steps-to-find-off-market-real-estate-deals/id1667656532?i=1000637409380 David's Social: @dleckohttps://www.dealmachine.com/pod

Do you want to start building something for yourself so that you're not vulnerable to the business where you work? You can stop being just concerned and fear based and do more of the things that make you happy because you do have a lot of control thanks to the side hustle that you were able to start from listening to this episode. Wholesaling real estate is a proven business where you make big checks from finding ugly houses and passing them an investor. Zack Boothe is our guest who has done 1000 wholesale deals and he covers the 4 stages of wholesaling a real estate deal so you can do your first deal, too, after listening to this episode. Key Talking Points of the Episode 00:00 Introduction01:08 How did Zack find his first wholesale deal?02:55 What is Zack’s background?04:50 How has real estate changed Zack’s life?07:20 What are the 4 stages of wholesaling real estate?09:31 Why is driving for dollars Zack’s favorite strategy to find deals?11:08 How has driving for dollars helped Zack scale his real estate business?14:12 What is the best way to negotiate with sellers?16:41 What is the importance of being transparent with sellers?19:15 How does Zack find buyers for his wholesale deals?21:15 What is the best way to market your deals to buyers?24:02 How can you connect with Zack?  Links Video: How to Make $40,000 in 40 Days Wholesaling Real Estate with Zack Boothehttps://youtu.be/D-NzeNozkNY?si=3Pl9QLz2vMYqQ4_g Podcast: Driving for Dollars Masteryhttps://podcasts.apple.com/nz/podcast/driving-for-dollars-mastery/id1570543403 Website: Driving for Dollars Masteryhttps://dfdmastery.com/  

Does it bug you that no matter how hard you work at your job, you still get paid the same? JP Haggarty was working in sales at the Ford dealership and felt financially restricted. In three and a half months, he has made five times more than he was making in any single month of that Ford dealership. He made $35,000 by wholesaling real estate: finding a run down house and making a finders fee for an investor. He's done a $29,000 deal, too. He's done six deals total with the average being $25,000 finders fee just for finding a rundown house. This is the podcast for 10Xing your income and replacing your W-2. My name's David Lecko and I created a process that's helped people close 10,000 deals in all 50 states that turned into the software platform deal machine. And my co-host is Ryan Haywood. Who actually took a 14 day challenge back in 2019, and now he's done 422 deals. So we're gonna lead you through this exciting story so you can do the same. Key Talking Points of the Episode 00:00 Introduction01:19 How did JP find his first wholesale deal?02:31 What was JP’s conversation with the seller like?04:12 How did JP negotiate the price of his first wholesale deal?05:25 Where did JP get a contract for his first wholesale deal?06:47 How did JP find a buyer for his first wholesale deal?08:32 What challenges did JP face on his first wholesale deal?09:45 How can you ensure that you will get paid your assignment fee?10:21 What is JP’s background?11:03 Why did JP decide to get involved in real estate?13:28 What are JP’s goals for 2024?15:13 How did JP present his first wholesale deal to sellers?16:16 How did JP come up with the rehab value for his first wholesale deal?18:06 What are the top 3 areas of wholesaling JP’s mentor help him with?20:26 How can you connect with JP? Links Document: Wholesaling Contracthttps://www.dealmachine.com/contract Instagram: JP Haggartyhttps://www.instagram.com/jphaggarty Podcast: 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywoodhttps://podcasts.apple.com/us/podcast/088-how-to-sell-your-real-estate-wholesale-deal-with/id1667656532?i=1000639431916 David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

Do you ever wonder why anyone would sell their house to you a a big discount? You hear stories all the time that you can make $13,000 just for finding a run down house... Our guest today is Vincent Flores, and he masterfully uncovers the 4 pillars of motivation that you can discover when speaking with a seller. Vince listens carefully to the seller and solves every one of her problems,and ends up making $13,750 for finding his first deal. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Vince's Instagram: @vincerflores_ Key Talking Points of the Episode 00:00 Introduction 01:05 How did Vince make $13K on his first wholesale deal? 02:03 What are the 4 pillars of motivation? 03:04 What condition was Vince’s first wholesale deal in? 04:03 What challenges did Vince face with his first wholesale deal? 09:02 What did Vince realize as he dealt with the seller? 10:06 What is skip tracing? 11:53 How did Vince raise the money to help the seller? 13:30 How did Vince build his buyers list? 16:07 How did Vince introduce himself to real estate agents to sell his first deal? 19:44 What was Vince’s goal as he got into his first wholesale deal? 20:30 How can you get connected with Vince? Links Promo: Deal Machine App https://www.dealmachine.com/pod Instagram: Vince Flores https://www.instagram.com/vincerflores_ Podcast: 088: How To Sell Your Real Estate Wholesale Deal with Ryan Haywood https://podcasts.apple.com/us/podcast/088-how-to-sell-your-real-estate-wholesale-deal-with/id1667656532?i=1000639431916