Episode Details

Have you been looking on Zillow for a good real estate deal?

I used to look for properties for sale and look at the mortgage estimator to calculate my monthly payment.

Then I would switch tabs over to rentometer.com and see if the rent was more than the mortgage payment. IT NEVER WAS!

Now I would never buy a property that didn't cashflow at least $500 per month above the mortgage, taxes, and insurance.

And in order to wholesale a deal and make a $22,000 finders fee by simply ""assigning"" a deal, it needs to be under contract at a big discount.

The way I find them now is by looking for off-market deals.

This episode gives you 3 steps to successfully find off market deals. Think of this episode as getting you in the right mindset to finally find great deals.

Instagram: David Lecko

https://www.instagram.com/dlecko/

Key Talking Points of the Episode

00:00 Introduction

01:12 How did I decide to get involved in rental properties?

02:25 Where did I learn the idea of driving for dollars?

03:26 What gave me the idea to build Deal Machine?

04:10 How much has Deal Machine grown through the years?

05:09 What is the best way to find the right leads?

06:30 Why is it important to be consistent with your marketing?

07:27 How many postcards should you be sending to get deals?

08:10 How can you figure out how much to offer on a property?

09:15 How can you learn more about wholesaling from Deal Machine?

10:02 Why do you need to overcome analysis paralysis?