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Expert Investor Shares How He Made $100K with Just One Property
Description
Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would! And that’s exactly what David Lecko, CEO of DealMachine, suggests you do to find better real estate deals in 2025. After hundreds of calls and mailers, an extensive rehab, and two appraisals, he walked into six-figure equity on a single rental property!
Welcome back to the BiggerPockets Real Estate podcast! David has achieved financial freedom by building a real estate portfolio of nineteen cash-flowing, appreciating properties. His big secret? Buying the same property over and over in a market he knows inside out—Indianapolis, Indiana. He’ll scour tax-delinquent lists for distressed properties that fit his buy box and use the BRRRR method (buy, rehab, rent, refinance, repeat) to snowball into his next deal.
But now that David has moved to Austin, Texas, he faces a brand-new challenge—investing in real estate out of state. While most investors would hire a property manager to oversee their properties, David self-manages from hundreds of miles away and employs an assistant to be his eyes and ears. Tune in as David shares all of the details on his latest deal and the strategies investors can use to gain a competitive edge in 2025!
In This Episode We Cover
The strategy David used to make $100,000 on ONE real estate deal
How to self-manage your rental properties (from hundreds of miles away)
Why the BRRRR method (buy, rehab, rent, refinance, repeat) still works today
How to scale faster and make higher returns by staying within your buy box
The midwestern markets that allow you to earn cash flow and appreciation
Why you shouldn’t wait for interest rates to drop to buy your next property
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1048
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