Podcast appearances and mentions of david lecko

What do you actually say when a seller calls you back? In this episode, David shares a real recorded call with a homeowner—and breaks it down with Ryan, step by step. You'll hear what worked, what didn't, and how to keep sellers talking long enough to uncover what really matters. KEY TALKING POINTS:0:00 - Intro0:43 - What Led To This Call & Property Details4:14 - Starting The Call Breakdown6:52 - Problems That Come From Not Having Lease Agreements10:09 - Continuing On With The Call15:05 - The Importance Of Letting The Seller Talk20:24 - What David Thought When The Seller Was Giving Low Comps25:46 - Letting The Seller Talk More33:49 - Ryan's Thoughts On The Call38:51 - Outro LINKS: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/

Chris Burrow flips 100 houses a year—without a massive team, without losing his mind, and without pretending to be someone he's not. In this episode, David sits down with Chris to break down the systems, mindset, and turning points that helped him scale from his first $5K wholesale deal to running a high-volume operation in Atlanta. You'll hear how he finds the right people, makes fast decisions, and stays grounded through it all. KEY TALKING POINTS:0:00 - An Overview of Chris Burrow's Business1:03 - How He Got His Start In Real Estate1:59 - Why Flipping Felt More Authentic For Chris9:15 - Working With His Wife10:10 - When He Decided He Wanted To Flip Instead Of Wholesale14:25 - How They Estimate Rehab Costs16:44 - Deciding What To Anchor18:20 - How They Approach Sales Training23:11 - Finding Reliable Contractors28:35 - Are Interest Rates Too High To Invest?31:27 - What Chris Would Be Doing If He Wasn't A Real Estate Investor32:27 - The Mindset That Led To His Success34:59 - His Highest High In Business38:03 - What He's Looking Forward To Most In 202540:16 - The Hard To Get Data That Chris Is Looking For44:55 - Outro LINKS:Instagram: Chris Burrowhttps://www.instagram.com/thechrisburrow/ Website: Chris Burrowhttps://www.maximumcashhomebuyers.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/ 

Carlos Lujan, an 18-year-old entrepreneur, is already flipping sneakers and watches—but now he's got his sights set on real estate. In this episode, David breaks down the similarities between reselling and wholesaling, shares key steps to getting started, and gives Carlos a game plan to land his first deal. If you're looking for practical, no-BS advice on real estate investing, this one's for you. KEY TALKING POINTS:0:00 - Why Does Carlos Want To Get Into Entrepreneurship?1:41 - How Flipping A House Compares To Reselling Shoes4:18 - How To Take The Next Step Towards Real Estate7:56 - Discipline Creates Success10:40 - Outro LINKS: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/

David and Ryan go head-to-head in a Dad Joke Challenge packed with groan-worthy laughs and real estate wisdom. This holiday episode delivers equal parts humor and practical tips, making it the perfect break from the family chaos—or a reason to gather everyone around for a good laugh. Don't miss this festive mix of fun and investing insights! KEY TALKING POINTS:0:00 - Introduction0:29 - Joke 1: How Does A Dual Agent Sleep?2:14 - Joke 2: Why Don't Real Estate Investors Get Lost?2:41 - Joke 3: What Does A House Wear?3:40 - Joke 4: Why Did The Investor Bring A Map To The Closing Table?6:13 - Joke 5: What Kind Of Building Weighs The Least?6:35 - Joke 6: What's A Real Estate Investor's Favorite Type Of Music?7:01 - Joke 7: What's A Realtor's Favorite Christmas Song?7:14 - Joke 8: Why Do Investors Love Fixer Uppers?8:24 - Join Our January Cold Calling Challenge! (It's Free)8:54 - Outro LINKS: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/

David Lecko takes listeners on a car ride to tour his 19 rental properties, nine of which have appreciated by over $1 million in just five years. Joined by Bruce Arellano, a California investor transitioning to the Indianapolis market, they discuss managing rentals, the BRRRR strategy, and lessons learned from scaling a portfolio in two very different markets. KEY TALKING POINTS:0:00 - Introduction0:28 - Why Bruce And His Wife Moved To Indianapolis3:00 - California's Squatter Rights4:42 - The Rental Scam David Discovered6:09 - Bruce Says Vetting People In Indy Is Easier Than California7:50 - How Him And His Wife Divide Up The Duties12:55 - His Current Approach To Marketing13:59 - The Differences With Midwest Markets15:39 - How David Chose His First Investment Party & Self-Managing His Rentals20:29 - What Bruce Is Looking To Learn From Riding With David21:21 - Why David Wanted To Take A Look At All Of His Properties24:27 - People On The Internet Who Hate On Landlords25:38 - Bruce's Background In The Military26:35 - Where Bruce And David Are At In Their Real Estate Careers27:09 - The Payment Structure That Bruce Recommends For Acquisitions28:18 - David's Takeaway28:32 - Outro LINKS:Instagram: Bruce Arellanohttps://www.instagram.com/investing4arellanos/ 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/

This episode is part of the 8FE (8-figure entrepreneur) series, where we talk to entrepreneurs who have already passed the million-dollar mark. Ever wondered what it really takes to turn an idea into a thriving app used by thousands? In this episode of Beyond A Million, Brad chats with David Lecko, the creator and CEO of DealMachine—a powerful software designed to help real estate investors discover off-market properties at discounted prices. David shares how the tool was born out of his own challenges in securing profitable deals and how it has since evolved into the go-to app for investors and house flippers. He talks about the hurdles of launching and growing an app, competing with copycat products, and mastering effective marketing strategies. Plus, we dive into his leadership journey as a CEO, including how he built a company with an employee net promoter score of 90. Tune in!  — Key Takeaways: 00:00 Intro  01:23 About DealMachine  12:01 Challenges of launching and growing an app  16:27 Early promotions and partnerships  19:01 What sets DealMachine apart from other apps 22:57 David's marketing strategy  28:14 Company culture and core values 35:31 Building trust and avoiding white lies 47:02 Operational framework and leadership  51:16 Real estate investing and personal growth  53:43 Biggest mistake David made 55:26 Most impactful books David read  58:03 Outro — Additional Resources:

David Lecko dives into how real estate investors can use AI to gain a competitive edge before it's too late. From analyzing deals on the fly to AI-driven skip tracing and cold calling hacks, this episode is packed with actionable strategies for maximizing your time and getting ahead of the competition. If you're ready to revolutionize your marketing and lead generation, this one's for you. KEY TALKING POINTS:0:00 - What Works Well Goes In Cycles2:27 - DealMachine's Perspective On AI3:49 - How To Use The AI That's Built Into DealMachine8:49 - Our AI-Powered Dialer10:04 - Taking A Few Questions/Comments From The Audience About Using AI15:52 - Looking At DealMachine's AI Voicemails17:58 - AI Voice Training With An Audience Member21:49 - Staying Compliant With The AI-Powered Dialer25:07 - Leverage Nationwide Contact Matching LINKS: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/

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 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Lecko and Ryan Haywood dive into three most common objections real estate investors face when talking to distressed property owners. From sellers claiming they have better offers to needing more time or demanding unrealistic prices, they share practical strategies to overcome these hurdles and build trust with sellers. Whether you're a seasoned investor or just starting out, this episode equips you with the tools to handle objections confidently and close more deals. KEY TALKING POINTS:0:00 - Introduction2:22 - Objection 1: “I Have Other Offers”3:40 - Overcoming Nervousness When Talking With Sellers4:42 - How To Respond To Objection 18:37 - Objection 2: I Need To Talk To My Spouse11:11 - Objection 3: I'll Only Sell At The Right Price13:47 - Closing Thoughts14:18 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Ryan's Mentorshiphttps://www.skool.com/deal-flow-academy/about

After a recent event, an investor caught up with DealMachine's David Lecko to dig into his story, asking questions about his path to success, the struggles he faced, and the lessons he's learned. In this episode, David opens up about staying grounded, overcoming doubts, and building DealMachine from scratch. He shares the sacrifices he made in his early days, the importance of resilience, and what keeps him driven today. KEY TALKING POINTS:0:00 - DealMachine's Massive Change To Skip Tracing2:33 - What Is David's End Goal?4:40 - The Advice David Would Give His Younger Self8:13 - This Member's Real Estate Journey9:40 - Facing Doubt From Your Family12:34 - The Sellers' Motivation Behind His First Deal14:35 - His $17,000 Deal16:21 - Outro LINKS: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/

In this episode, join our expert guest, David Lecko, owner of Deal Machine, as he unveils three crucial strategies to bring sellers back to reality. David's approach transforms him into a trusted advisor, laying out how to handle situations where deals seem too good to be true. Whether you're just starting or are a seasoned wholesaler, this episode is packed with practical tips and real-world examples, ensuring you're prepared to navigate these complex scenarios and clinch more deals. Key Takeaways: Acting as a Free Consultant: Adopting the role of a free advisor to build trust with sellers, especially when they have high expectations from unrealistic offers. Educating Sellers on Evaluating Offers: Guiding sellers on how to critically assess buyers' offers, including the importance of non-refundable earnest money, contract terms, and proof of funds. Follow-Up and Persistence: Emphasizing the value of consistent follow-up and persistence, even when initially out of the running, to eventually secure deals when other offers fall through. Resources: Live Masterclass: Learn How to Do Your First Real Estate Wholesale Deal For Free Deal Machine (Discount code PIN) $40k in 40 Days Challenge Driving For Dollars Mastery DealMachine Podcast: How To Turn NO into $38,000 with David Lecko

This is for anyone who LOVES their job, but wants to earn more, like pro race car driver Paul Jourdain who gets paid to race cars, and he loves it! He reached out to me on Instagram to ask some real estate questions... because he knows real estate investing is a profession that has made the most millionairs. Paul gives us a background on being one of the few to make money as a race car driver, and then asks our CEO David Lecko how to flip a house. David has bought 7 properties in 2024 alone and made as much as $125k on a single deal. His portfolio of rentals brings in $33k top line and $12k net per month. Key Talking Points of the Episode 00:00 Introduction04:50 How did Paul start his racing career?07:02 What is semi-truck racing?10:35 How does Paul manage racing in different events?12:02 How does sponsoring a race team help with marketing?14:07 What is the difference between racing and real estate investing?16:31 How does sponsorship work in the racing world?18:31 What got Paul more interested in real estate investing?20:03 What different strategies can you use as a real estate investor?22:03 Why is buying and holding real estate a great way to build wealth?23:45 How do foreclosure auctions work?25:00 Why are foreclosure properties not very ideal for newer investors?26:56 What is the best way to ensure cash flow with rental properties?29:01 How does location play into the cash flow possibility of a rental property?30:00 How do we decide which strategy to use for a property?32:10 What is Paul planning to do to move forward in real estate? Links Instagram: David Leckohttps://www.instagram.com/dlecko Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Deal Machinehttps://www.dealmachine.com/pod Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

David Lecko is the CEO of DealMachine, a real estate investing software that has completely changed the game. Real estate is more accessible and easier than ever to get into with how robust and efficient DealMachine is, and just about anyone can get into it as long as you get over the initial fear of staring, which David and I also discuss in this video. Get a 7-day free trial for DealMachine and $35 free credit to send postcards or for free skip traces: https://dealmachine.app.link/troy Find David: https://www.instagram.com/dlecko/?hl=en https://www.youtube.com/@DealMachine NOT INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

In an economic downturn, you can't rely on what used to work. Being reactive won't help you thrive.  If you want deals, you have to innovate. Today, you'll hear from an investor who solved his business problems by innovating. David Lecko shows you how to spot and close on properties in any economic situation.  Ready to leave behind outdated tactics and become a smart investor? Listen now! Show highlights include:  How a software programmer with zero experience closed 8 properties by generating using his car. (7:24) Look at any house. If you spot these subtle signs, the owner might want to sell. (13:02) If you're not mailing houses this often, your competitors will ring that doorbell soon. (16:27) Why Uber drivers love to generate leads for you. (18:12) 3 ways irrational investors are changing real estate marketing to your advantage. (20:52) This “open secret” of real estate lets 130 investors close 50+ deals yearly from home. (25:15) Why passive income is a myth. (29:08) To get the latest updates directly from Dan and discuss business with other real estate investors, join the REI marketing nerds Facebook group here: http://adwordsnerds.com/group Need help with your online marketing? Jump on a FREE strategy session with our team. We'll dive deep into your market and help you build a custom strategy for finding motivated seller leads online. Schedule for free here: http://adwordsnerds.com/strategy Claim your pitch-free strategy session at: https://adwordsnerds.com/strategy Find out more about David Lecko at: https://dealmachine.com

In this episode of the Deal Machine Real Estate Investing Podcast, co-hosts Ryan Haywood and David Lecko break down an incoming call from one of Ryan's postcards. This in-depth analysis is perfect for anyone who sends out postcards and waits for responses. Ryan and David share their personal experiences in wholesaling, explaining the process and the value it brings to both sellers and investors. Listeners will gain valuable insights into handling calls, setting appointments, and maintaining control of conversations to secure deals. Timeline Summary:[0:00] Introduction: Ryan and David introduce the episode and its purpose.[0:20] Ryan's Background: Ryan shares his journey from leaving a 9-to-5 to completing over 400 transactions.[1:01] Wholesaling Explained: David provides an overview of wholesaling and its benefits.[2:22] Call Analysis Begins: The team starts analyzing the call from Ryan's postcard.[4:23] Setting Expectations: Discussion on the importance of setting expectations with potential sellers.[7:14] Qualifying Leads: The process of qualifying whether the caller is a legitimate lead.[10:06] Scheduling Appointments: Tips on taking control of the conversation and scheduling appointments effectively.[12:34] Explaining the Process: Explaining the entire process to the seller to maintain transparency and trust.[13:32] Closing Thoughts: Reflecting on the call's outcome and Ryan's thoughts on improving the process.[14:41] Clint's Role: Discussion on Clint's background and his journey into real estate investing. Links & Resources:Follow David on Instagram: @DavidLekoFollow Ryan on Instagram: @HeritageHomeInvestments Closing Remarks:We hope you enjoyed this detailed call analysis and found it helpful for your real estate investing journey. Don't forget to subscribe to the podcast, leave a rating and review, and share your favorite parts with us. Follow us on Instagram for more updates and tips. Thanks for listening!

Tune into The DealMachine Real Estate Investing Podcast for more episodes just like this! Want access to undervalued real estate? Then, you'll need to know how to find motivated sellers. These sellers are ready to get rid of their homes at below market value, and YOU can make a win-win situation by getting them money for their properties while building your real estate portfolio. If you're a house flipper, wholesaler, fixer-upper, or BRRRR-er, you MUST know how to find motivated sellers so you can scoop up deals most of the competition is overlooking. Today, David Lecko from DealMachine takes the mic as he shares the top twenty-five motivated seller lead lists that even a beginner can use to start finding and buying undervalued real estate. And you don't even need money to start! Most of the lists David shares in this episode are completely free and can be found by anyone, even if you have limited real estate investing experience.  Liked today's show? Check out even more DealMachine podcast episodes here!   In This Episode We Cover How to find motivated sellers using these easily available lead lists  The best free motivated seller lists that ANYONE can get access to Why you MUST stick to one strategy/list before moving on to another  The easy way to find motivated sellers on the MLS (multiple listing service) Which list to target first, and where beginners should start How to get lists just like these in an instant using DealMachine  And So Much More! Links Mentioned in the Show Find Motivated Sellers with DealMachine DealMachine MC018: Direct Mail Best Practices for Real Estate Investors with Justin Dossey DealMachine 068: 4 Convos To Your First Wholesale Real Estate Deal Follow David on Instagram Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Lecko is an investor and CEO of DealMachine; a software that helps investors streamline the process of off-market property lead generation! David starts by discussing the genesis of DealMachine He does a deep dive on the 25 motivated seller lists that can be found on DealMachine or other applications. He emphasizes the importance of being persistent and putting in the reps as off-market lead generation is a numbers game. David closes with great tips on the importance of taking action and building a network to set yourself up for success! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Lecko, DealMachine Link: David's Instagram Link: The DealMachine REI Podcast Link: My First Million Podcast Link: Nick Gray (Network Recommendation) ----------------- Guest Questions 01:39 Housing Provider Tip - Perform a usability check during your turnovers to ensure everything is functioning appropriately! 02:34 Intro to our guest, David Lecko. 06:14 The Genesis of DealMachine. 10:04 DealMachine's Lists! 30:16 How new investors can start utilizing the lists. 33:02 Scripts for sellers and call-back expectations. 36:50 What is your competitive advantage? 37:13 One piece of advice for new investors. 38:07 What do you do for fun? 38:29 Good book, podcast, or self development activity that you would recommend?  38:54 Local Network Recommendation?  40:20 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.

In this conversation, David Lecko and Ryan discuss advice from Eric Stark, a full-time real estate investor with over 600 deals under his belt. They cover topics such as working a specific strategy, specializing in one thing before adding to it, finding a mentor, making written offers, developing off-market lead generation systems, using profits to keep good deals, and being clear on goals and enjoying life. They emphasize the importance of focusing on one strategy, building relationships with city officials, and being mindful of personal and business finances. Key Talking Points of the Episode 00:00 Introduction01:10 How did John find his first wholesale deal?02:23 What strategy did John use to market to sellers?03:13 How did John analyze the value of the property virtually?04:03 How did John come up with the offer price for this property?05:41 What response did John get from his offer?06:26 How does John plan to find a buyer for his first wholesale deal?07:32 What is John stuck on with this wholesale deal?08:23 What makes finding a buyer challenging?10:23 How can real estate agents help you re-negotiate the price with the seller?11:41 How did John come up with the ARV for the property?13:48 What would the numbers be if we ran them in Deal Machine?16:15 How can John make the deal work? 

You're here because you want to break the shackles of your nine to five and start a business that gives you more time freedom in your life. The proven business model we're covering on this podcast is wholesaling real estate, which is a strategy where you find a rundown house, you pass it to an investor to make $10,000 like our guest Andrew did exactly a year ago. And he's now done about eight deals so far. And he's finding out that wholesaling is a great strategy, but there's something new he learned that he's actually doing even more of called Novations. So he's gonna talk about what this real estate tool is and how you can use this in your tool belt as a real estate wholesaler so that you can help more people and make more money. My name's David Lecko. This is the podcast for 10Xing your income and replacing your W-2 through wholesaling real estate. I created a process called Deal Machine that's helped people close 10,000 deals on all 50 states in the last seven years. Key Talking Points of the Episode 00:00 Introduction01:15 How did Andrew find his first wholesale deal?02:00 Why did Andrew decide to build a buyers list first?03:23 How did Andrew meet with cash buyers he added to his list?04:20 What was the first list that Andrew marketed to?05:34 What is Andrew's background?06:32 What was it like when Andrew first started wholesaling?07:46 How many deals has Andrew done since he started wholesaling?08:42 What was the biggest surprise Andrew had in wholesaling?10:40 How is a novation different from wholesaling?12:30 When would a novation work best for a deal?14:10 Why should you do 3 novations every 1 wholesale deal?15:05 Why would novations work better than listing with a realtor?16:07 What is Andrew looking forward to?17:28 How has Deal Machine helped Andrew in his real estate business?    

In this conversation, David Lecko and Zach Booth discuss the driving for dollars strategy in real estate wholesaling. They cover the four categories of properties to look for: rundown properties, absentee owner properties, owner-occupied properties, and corporate-owned properties. They emphasize the importance of adding any properties with signs of distress to your marketing list, regardless of ownership type. They also discuss the effectiveness of different marketing strategies for each category and the importance of prioritizing your time and resources. Overall, the driving for dollars strategy can be highly profitable and allows for scalability and freedom. Key Talking Points of the Episode 00:00 Introduction01:15 What are the 4 kinds of properties to look for when driving for dollars?03:05 Why is it worth marketing to owner-occupied properties?04:49 What is the best way to market to corporate-owned properties?07:07 How can you find contact information for corporate-owned properties?10:45 Why is it important to still drive for dollars in person?12:30 What are the best ways to make the most of your driving for dollars list?13:40 How can you make driving for dollars more convenient with Deal Machine?15:08 What are the most important kind of properties to market to?17:01 Why are owner occupied properties more profitable than the rest?18:36 How can the Driving for Dollars Mastery podcast help you get started? Links Podcast: Driving for Dollars Masteryhttps://podcasts.apple.com/in/podcast/driving-for-dollars-mastery/id1570543403

Join Nick Lamagna on The A Game Podcast with his guest David Lecko is a real estate investor and founder of the wildly successful Dealmachine App helping real estate investors drive for dollars from the comfort of their own homes and lock down off market deals.   He is an engineer turned software developer who went from working at McDonald's to pay for engineering school, eventually read the 4-hour work week and reshaped his entire mindset to build a quality of life and plan an early retirement. He sold a software he created and was bit by the bug that made him the superhero he is today. When working for a real estate investor and developer realizing more than ever the appreciation of trading time for dollars as he decided to put the effort in for building his own business. He went on to develop his game changing app and acquired over a 2 million dollar real estate portfolio and now spends his time competing in professional bodybuilding competitions and racing cars! Topics for this episode include: ✅ What is driving for dollars and why should investors do it? ✅ How to use tenant information to make more money ✅ How using this one strategy can create lifetime wealth ✅ How to hire someone to drive for dollars and find properties ✅  Work like balance tips for physical and mental health + More! See the show notes to connect with all things David!  Connect with David: David Lecko on Instagram David Lecko on Facebook David Lecko on LinkedIn David Lecko on Twitter David Lecko on Youtube David Lecko on TikTok   Connect with Dealmachine: www.dealmachine.com Dealmachine on Instagram Dealmachine on Facebook Dealmachine on Twitter Dealmachine on Youtube   --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Join the man behind DealMachine, David Lecko as he shares his insights from years of experience in a highly successful career. Outside of DealMachine, which has helped real estate investors complete over 10,000 deals nationwide, David has acquired 19 rentals worth over $4 million, and now he's revealing 14 key lessons from his journey. Grab a pen and paper—you're about to learn a lot. Key Takeaways: Invest in Yourself People Close to You Might Not Understand Hire an Assistant After Building a Playbook Quarterly Team Evaluations Hire Using Test Projects The Brain Tax of Context Switching No Bonus Payments for Non-Sales Roles Flexible Job Titles Separate Personal Value from Business Success Take Action When Stuck Create Time for Important Tasks Working with Friends and Partnerships Communication No-Nos Give Feedback Constructively Resources: Deal Machine (Discount code PIN) Driving For Dollars Mastery FREE TRAININGS – Get Started in Creative Real Estate How to Improve Your Marriage Without Talking About It What Got You Here Won't Get You There The Great CEO Within

In this conversation, David Lecko discusses the concept of driving for dollars in real estate investing. He explains that driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal. He introduces the concept of virtual driving for dollars, which allows investors to scout for properties online using Google Street View. David highlights the benefits of virtual driving, such as cost savings, efficiency, and a broader reach. He also emphasizes the importance of taking action and building a niche list of properties. Takeaways • Driving for dollars involves finding rundown properties and reaching out to the owners to offer them a deal.• Virtual driving for dollars allows investors to scout for properties online using Google Street View.• Virtual driving offers benefits such as cost savings, efficiency, and a broader reach.• Taking action and building a niche list of properties is crucial for success in real estate investing. Key Talking Points of the Episode 00:00 Introduction01:15 What should you know about finding off-market deals?02:33 Why is driving for dollars the best way to find off-market deals?04:23 What is virtual driving for dollars?05:31 How can you identify the best market to virtually drive for dollars in?06:45 How can you virtually drive for dollars in Deal Machine?08:39 What should you be looking for when virtually driving for dollars?09:45 How many properties should you be adding to your list?10:42 What are the tags in the Deal Machine app for?11:13 How is traditional driving for dollars different from doing it virtually?12:49 Why should you virtually drive for dollars?14:00 What is the best way to find deals right away? Links Instagram: David Leckohttps://www.instagram.com/dlecko 

In this conversation, David Lecko and Ryan discuss advice from Eric Stark, a full-time real estate investor with over 600 deals under his belt. They cover topics such as working a specific strategy, specializing in one thing before adding to it, finding a mentor, making written offers, developing off-market lead generation systems, using profits to keep good deals, and being clear on goals and enjoying life. They emphasize the importance of focusing on one strategy, building relationships with city officials, and being mindful of personal and business finances. Keywords real estate investing, strategy, specialization, mentorship, written offers, off-market leads, profits, goals, enjoying life Sound Bites "Stick to that specific strategy instead of chasing an opportunity.""Specialize, become excellent at one thing, then add to it.""Find a mentor who has current deals being closed monthly." Key Talking Points of the Episode 00:00 Introduction01:41 Why is it important to have a strategy in wholesaling?04:14 How can focusing on one thing at a time help you scale your business?07:43 What is the value of finding the right mentor when you're a new investor?09:36 How can you get in touch with Ryan for mentorship?10:20 What is the importance of writing offers for the deals you're finding?12:10 How can writing offers help you make sellers understand your numbers?14:05 Why is it important to learn to find off-market deals?17:29 What is the best way to follow up on your leads?19:00 What is a “Leave Behind” program?20:45 What is the best way to use your profits from wholesaling to grow a portfolio?23:03 Why do you need to set clear goals for yourself?24:46 How can you make the most of your real estate investing success?26:32 Why should everyone learn Profit First? Links Instagram: Heritage Home Investmentshttps://www.instagram.com/heritage_home_investments 

This one's for anyone who wants to quit their job and start a business! In this episode, David Lecko and Ryan interview Robert Thomas Suleski, a real estate wholesaler with 20 years of experience. Robert shares his insights on driving for dollars and finding deals using different marketing methods. He emphasizes the benefits of driving for dollars and explains how technology like Deal Machine has made it easier and more efficient. Robert also discusses his approach to negotiating deals and networking with other investors. He shares his unconventional strategies for reaching out to potential sellers and finding motivated leads. Overall, Robert's experience and out-of-the-box thinking provide valuable lessons for anyone looking to succeed in real estate wholesaling. Takeaways • Driving for dollars is an effective and low-cost method for finding real estate deals.• Using technology like Deal Machine can streamline the process of driving for dollars and make it easier to find and contact potential sellers.• Networking with other investors and attending real estate meetups can help you find buyers for your deals.• Using ringless voicemails, text messages, and cold calling can be cost-effective ways to reach potential sellers.• Reaching out to a wide range of potential sellers, rather than focusing on specific lists, can lead to more leads and opportunities. Key Talking Points of the Episode 00:00 Introduction01:01 How did Robert start wholesaling real estate?02:10 What marketing strategy did Robert use to find his first deal?03:56 What happened after Robert got a call from his first motivated lead?04:52 Why is driving for dollars the cheapest way to find leads?06:10 How can you identify the price that would work for a deal?07:35 What book helped Robert when he was starting in real estate investing?08:26 What is Robert's background in real estate?09:27 How much did Robert make on his first wholesale deal?11:05 What is the easiest way to find off-market deals?12:29 What kind of lists is Robert targeting for deals?13:52 Why does the “everybody list” work for finding off-market deals?16:50 Why is Robert not using scripts for cold calling?18:23 What markets is Robert marketing to?21:06 What is Robert's advice for new investors looking for their first deal? Links Book: Are You Dumb Enough to Be Rich?https://www.amazon.com/Enough-Amazingly-Simple-Millions-Estate/dp/0814471773 Facebook: Robert Suleskihttps://www.facebook.com/robertthomas.suleski/ 

If you wouldn't want to trade places with your boss, then that's a sign you should find another job or start a business." That's when our guest Deshan knew he needed to pave his own way by starting a business. In this episode, David Lecko interviews Deshan Hillman, a successful wholesaler in the DFW market of Texas. Deshan shares his journey into wholesaling, starting with his first wholesale deal that earned him $10,000. He explains how he found the deal through a pocket listing and worked with a contractor to assess the property. Deshan also discusses the importance of transparency in deals and building a buyer's list. He shares his experience working with a partner and offers advice for beginners in the wholesaling industry. Overall, Deshan's story highlights the potential for success in wholesaling and the importance of taking action and seeking mentorship. Takeaways • Start with a base level of information before getting into wholesaling, either through research, mentorship, or joining a community.• Transparency and professionalism are key in building trust with sellers and buyers.• Building a buyer's list is crucial for finding buyers quickly and efficiently.• Consistency and goal-setting are important for scaling and growing a wholesaling business.• Working with a partner can have its challenges, but clear division of responsibilities and effective communication can lead to success. Key Talking Points of the Episode 00:00 Introduction01:07 How did DeShan start wholesaling real estate?02:16 How did DeShan find his first wholesale deal?03:19 What is a pocket listing?05:01 How does consistency in wholesaling build your confidence?06:23 How did DeShan build his first buyers list?07:04 What kind of buyers did DeShan have on his list?08:13 How many buyers are on DeShan's buyers list today?09:39 What is DeShan's background?10:23 Why did DeShan want to do something on his own?11:41 How much has DeShan's wholesaling business grown?12:57 What is DeShan's goal for their wholesaling business in 2024?13:47 How are the responsibilities divided between DeShan and his partner?14:13 What is DeShan's advice to new wholesalers?15:25 How can you connect with DeShan? Links Instagram: DeShan Hillmanhttps://www.instagram.com/deshanhilman David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/

In this conversation, David Lecko interviews Phillip Placencia, a successful wholesaler. Phillip shares his experience of making $7,500 on his first wholesale deal and provides valuable insights into negotiating with sellers and addressing price gaps. He emphasizes the importance of building trust and providing value to sellers. Phillip also discusses his transition from corporate America to full-time real estate investing and the growth of his business. He highlights the benefits of starting with wholesaling and shares his future plans for a development company and a tiny home community. Takeaways • Wholesaling is a great way to start in real estate as it teaches sales and marketing skills, negotiation, and the legalities of real estate.• Building trust and providing value to sellers is crucial in negotiations.• Hiring the right team members is essential for scaling a wholesaling business.• Social media, especially platforms like Facebook, can be a powerful tool for building a brand and generating referrals.• Wholesaling can be a stepping stone to other real estate ventures, such as development projects. Chapters 00:00 Introduction and First Wholesale Deal01:34 Making Offers and Negotiating with Sellers04:17 Providing Value to Sellers06:15 Addressing a Large Gap in Offer Price08:12 Preventing Disappointment for Sellers10:28 Transitioning from Corporate America to Wholesaling12:57 Hiring and Building a Team15:26 Future Plans and Expansion20:40 Starting with Wholesaling23:18 Possibility of Meeting in Person David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/

Summary   David has a net worth of $17 million. Most is in his company but he does have over $1 million in real estate, some cars and cash. He shares his journey from being an engineer to becoming financially free through real estate investments and the creation of a software company.    David also talks about his spending habits and the lifestyle changes he made after achieving financial freedom. He shares his decision to leave his job and the challenges he faced in transitioning to entrepreneurship. David emphasizes the importance of buying great real estate deals and managing properties himself. H   e also discusses his plans for the future and managing risk in his investments. In this conversation, David Lecko shares his journey of managing finances, building personal wealth, and making luxury purchases like cars. He discusses his passion for racing and how it has become a meaningful hobby for him. David also talks about how his lifestyle changed over time and the challenges he faced in managing his spending habits. He expresses his love for Austin and the vibrant entrepreneurial community it offers. Finally, he shares advice for beginners, emphasizing the importance of reverse engineering a proven business model.   Takeaways Financial freedom can be achieved by investing in real estate and creating passive income streams. Buying great real estate deals and managing properties yourself can be a successful investment strategy. Transitioning from a W2 job to entrepreneurship requires careful planning and a willingness to take risks. Managing risk in investments can be done by buying properties with good cash flow and focusing on a specific geographic area. Take control of your finances and pay yourself what you deserve for taking the risk to start a business. Find a meaningful hobby that requires you to be fully present and pushes you out of your comfort zone. Be mindful of your spending habits and make conscious decisions about luxury purchases. Build a community of like-minded entrepreneurs who understand and support your journey. Reverse engineer a proven business model to increase your chances of success.

This podcast episode focuses on the business model of wholesaling real estate and provides tools and strategies to prevent sellers from backing out of deals. The host, David Lecko, shares his experience and insights on how to handle situations where sellers fail to close on a deal. The episode covers the importance of contracts, specifically the purchase agreement, the use of a notice of interest to prevent sellers from selling the property to someone else, and the benefits of working with an attorney. The episode concludes with advice for new real estate investors. Takeaways • Wholesaling real estate involves finding distressed sellers and getting their properties under contract to sell to buyers at a higher price.• Contracts, such as the purchase agreement, are essential to protect the time and investment put into finding a deal.• A notice of interest can be filed to prevent sellers from selling the property to someone else while working out differences.• Working with an attorney can help enforce contracts and resolve issues with sellers who fail to close on a deal. Key Talking Points of the Episode 00:00 Introduction01:01 How does wholesaling real estate work?04:13 What tools can you use to ensure your deals will close?05:05 What are the parts of the contract we use for wholesaling?10:23 What is the purpose of an assignment contract?11:43 How can a Notice of Interest help you when a seller doesn't close on a deal?14:40 Why is it important to work with an attorney to help you with a seller who won't close?16:37 What is the best way to approach analysis paralysis? Links Podcast: 011: From Struggling to Making $105k on Their 3rd Deal feat. The Politeshttps://podcasts.apple.com/us/podcast/011-from-struggling-to-making-%24105k-on-their-3rd-deal/id1667656532?i=1000608582746 Podcast: 065: How to Get Your First Deal in 7 Days with David Leckohttps://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Free Resource: Wholesaling Contracthttps://dealmachine.com/contract Free Resource: Assignment Contracthttps://dealmachine.com/assignment-contract David's Social: @dleckohttps://www.dealmachine.com/pod

Have you hired a driver to help you look for run down houses that quit on you? Here's why your driver quit! This one's for anyone who's actually working on quitting their W-2 job to start wholesaling real estate: a strategy for making big checks from finding ugly houses. If you've got a solid W2, you can hire someone to look for run down houses for you. There's 3 payment structures for hiring a driver to look for run down houses. I will tell you why your past drivers have quit, and how to hire and retain them going forward. I've had the same driver with me for 3 years, and have coached hundreds of DealMachine team members on doing the same. Summary In this episode, David Lecko discusses the different payment structures for hiring a driver for driving for dollars in real estate wholesaling. He explains the three payment methods: paying by the hour, paying by the number of rundown houses found, and paying a bonus for closed deals. He emphasizes the importance of setting expectations, ensuring accountability, and having regular check-ins with the driver. Lecko also provides tips for screening and testing potential drivers and highlights the significance of having a contract to outline the payment structure and protect both parties. Overall, this episode provides valuable insights for anyone looking to hire a driver for driving for dollars. Takeaways • There are three payment structures for hiring a driver for driving for dollars: paying by the hour, paying by the number of rundown houses found, and paying a bonus for closed deals.• Paying by the hour is often the most effective payment method as it provides stability for the driver and ensures they are motivated to work consistently.• Setting clear expectations and having regular check-ins with the driver are crucial for maintaining productivity and accountability.• Screening and testing potential drivers before hiring them can help ensure they are serious and committed to the job.• Having a contract that outlines the payment structure and other important details is essential for protecting both parties and maintaining a professional relationship. Key Talking Points of the Episode 00:00 Introduction01:18 What payment methods work best for hiring drivers to drive for dollars?02:03 Why is it not ideal to only pay a finder's fee for drivers building you a list?04:05 What is the best way to pay drivers to drive for dollars for you?05:07 When would it be practical to not pay by the hour?06:16 How can you make the most of paying someone by the hour to drive for dollars?07:10 What will make people want to drive for dollars for you more than for other jobs?08:03 Why is it important to set the right expectations with drivers you're going to hire?09:07 Why is it important to meet with your drivers regularly once they start working with you?11:10 How will this strategy work for you as a real estate investor?12:47 What strategy do we use to make sure the drivers we hire are serious about the opportunity?14:37 What kind of contract can you use to secure your working relationship with your drivers? Links Podcast: 075: Make $10k-24k from Certain Down Houses with David Leckohttps://podcasts.apple.com/us/podcast/075-make-%2410k-24k-from-certain-down-houses-with-david-lecko/id1667656532?i=1000635664435 Podcast: 065: How to Get Your First Deal in 7 Days with David Leckohttps://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Free Resource: Driver Contracthttps://www.dealmachine.com/drivercontract David's Social: @dlecko https://www.dealmachine.com/pod

David Lecko is the founder and CEO of DealMachine, the highest-rated mobile app to help real estate investors find off-market deals by sending direct mail to homehowners. David also co-hosts the DealMachine Real Estate Investing Podcast, which helps listeners start their journey to financial freedom through real estate.

Curious when to hire your first employee so you can own a business that runs itself? Jason Medley discusses the importance of scaling yourself before scaling your business. He emphasizes the need to elevate your level of efficiency and maximize your potential before hiring multiple positions. David Lecko shares the mistakes and lessons he learned when hiring assistants and highlights the significance of delegation and efficiency. He also discusses the importance of consistency and predictability in business growth. Additionally, Medley talks about the value of follow-up in lead generation and the current marketing trends in the industry. Finally, he introduces CG Elevate, a community for investors looking to double their deal flow. Takeaways Before scaling your business, focus on scaling yourself and improving your efficiency.Delegate tasks that keep you from doing what you're best at.Consistency and predictability are key to successful business growth.Follow-up is crucial in lead generation and closing deals.Joining a community of like-minded individuals can provide valuable support and friendship in business. Key Talking Points of the Episode 00:00 Introduction01:01 What is the right way to start hiring people for your business?03:40 What will you learn from Buy Back Your Time?04:18 Why do people think acquisitions should be the first hire in their business?06:15 How do you know when it's time to start hiring people?08:11 What is the best approach to hiring people for your team?10:16 What marketing trends should investors be aware of today?13:03 What marketing strategy will get you the most results?16:00 What is CG Elevate all about? Links Book: Buy Back Your Timehttps://www.buybackyourtime.com/ Website: CG Elevatehttps://www.doublemydealflow.com Website: The Collective Geniushttps://thecollectivegenius.com/ David's Social: @dleckohttps://www.dealmachine.com/pod

Quitting the rat race in your 20s might sound crazy for some, but our guest today defied the impossible and proved that it's possible to become financially free before 30! Join us for a jampacked episode with David Lecko, CEO of DealMachine and renowned investor in single-family long-term rentals.  David's entrepreneurial venture began in 2017 when he recognized the potential of finding off-market deals and sending offers through direct mail. Overcome with the challenges of manual tracking, he created the DealMachine app, which allows investors to find off-market leads and streamline the marketing process easily. Today, DealMachine has become a must-try app for serious investors and has facilitated over 10,000 successful deals across all 50 states. Tune in to learn how David successfully transitioned from a W2 job to a full-time commitment to real estate and how it took him three years to achieve financial freedom. We talk about the secrets behind his profitable BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deals, the key to managing hot leads, and learning how to optimize your team as a business owner and investor. Whether you are a seasoned real estate professional or a newcomer, David Lecko's expertise makes this episode a must-listen for anyone looking for real-life success in real estate investing.  PODCAST HIGHLIGHTS:[3:44] David's First Real Estate Deal [8:24] On Choosing Ideal Roommates [10:22] Transitioning From a W2 to Real Estate [16:40] Unpacking David's Profitable BRRRR Deals [21:40] The Secret Sauce to Finding Good Deals in 2024 [26:00] On Budgeting for Direct Marketing [26:30] Why Deal Machine Is a Gamechanger for Real Estate [33:30] A Glimpse Into David's Future Plans [38:35] Best Piece of Advice [43:00] The Problem With Diving Into Multiple Side Hustles HOSTS    Craig Curelop   

It is possible... you could increase your income to $75K a month if you follow the strategy David crafted. Who is David? David Lecko is the Founder and CEO of Deal Machine, an amazing software that helps real estate investors get connected with off-market deals. But today, he isn't been talking about that software, he's delving into this past and how he came to his current REI success. From his first time looking for deals to how he finally found the formula that worked for him to make his current life, he is telling us his story. Take a listen! David Lecko Links: https://www.linkedin.com/in/davidlecko/ https://www.instagram.com/dlecko/ https://www.dealmachine.com/ You want to start off your 2024 by building passive income. START HERE: https://bit.ly/3RTXOKC

It is possible... you could increase your income to $75K a month if you follow the strategy David crafted. Who is David? David Lecko is the Founder and CEO of Deal Machine, an amazing software that helps real estate investors get connected with off-market deals. But today, he isn't been talking about that software, he's delving into this past and how he came to his current REI success. From his first time looking for deals to how he finally found the formula that worked for him to make his current life, he is telling us his story. Take a listen! David Lecko Links: https://www.linkedin.com/in/davidlecko/ https://www.instagram.com/dlecko/ https://www.dealmachine.com/ You want to start off your 2024 by building passive income. START HERE: https://bit.ly/3RTXOKC

In this episode, join our expert guest, David Lecko, owner of Deal Machine, as he unveils three crucial strategies to bring sellers back to reality. David's approach transforms him into a trusted advisor, laying out how to handle situations where deals seem too good to be true. Whether you're just starting or are a seasoned wholesaler, this episode is packed with practical tips and real-world examples, ensuring you're prepared to navigate these complex scenarios and clinch more deals. Key Takeaways: Acting as a Free Consultant: Adopting the role of a free advisor to build trust with sellers, especially when they have high expectations from unrealistic offers. Educating Sellers on Evaluating Offers: Guiding sellers on how to critically assess buyers' offers, including the importance of non-refundable earnest money, contract terms, and proof of funds. Follow-Up and Persistence: Emphasizing the value of consistent follow-up and persistence, even when initially out of the running, to eventually secure deals when other offers fall through. Resources DFD Mastery (Driving for Dollars Mastery) DealMachine (Promo code: PIN) DealMachine Podcast: How To Turn NO into $38,000 with David Lecko

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/

England Hall shares his journey in real estate wholesaling, starting from his first wholesale deal to closing bigger deals and expanding to different markets. He emphasizes the importance of targeting motivated sellers, particularly deceased homeowners, and using data to find the right leads. England also discusses the challenges he faced and the lessons he learned along the way. Overall, his story highlights the power of perseverance and strategic thinking in achieving success in real estate wholesaling. Takeaways • Target motivated sellers, such as deceased homeowners, to find profitable deals.• Use data to identify potential leads and focus on those that are more likely to sell.• Overcome financial challenges by finding creative solutions and investing in education.• Expand to different markets to take advantage of higher profit margins. Chapters: 00:00 England's First Wholesale Deal03:13 Moving to Bay City, Texas04:09 Finding a Buyer for the Deal08:14 Transitioning to Bigger Deals11:10 Closing Deals Outside of a Title Company13:05 Overcoming Financial Challenges14:05 Targeting Deceased Homeowners15:43 Expanding to Different Markets16:34 Using Data to Find Motivated Sellers20:50 Life After Financial Stress23:33 Final Thoughts and Contact Information David's Social: @dleckohttps://www.dealmachine.com/pod

Ethan Wadsworth shares his journey in real estate wholesaling, starting with his first wholesale deal and transitioning from the financial side of the industry. He discusses finding deals through marketing strategies, targeting specific properties, and analyzing after repair value (ARV). Ethan also shares his negotiation tactics and how he calculates offers. He explains the process of selling wholesale properties and building a network of buyers through personal connections and joint ventures. Ethan emphasizes the importance of finding distressed properties and leveraging option periods. He concludes by highlighting the benefits of wholesaling and the freedom it offers. Takeaways • Wholesaling can be a profitable entry point into real estate investing, allowing for quick profits and minimal risk. Marketing strategies, such as cold calling and social media, can be effective in finding distressed properties and motivated sellers. • Analyzing ARV and calculating offers are crucial skills in wholesaling, and tools like Propelio can assist in determining property values. • Building a network of buyers and joint venturing with other wholesalers can help in selling wholesale properties and expanding business opportunities. • Leveraging personal connections and word-of-mouth referrals can lead to valuable deals and partnerships in the real estate industry. Chapters 00:00 Introduction and First Wholesale Deal 02:05 Transition to Wholesaling 03:21 Finding Deals and Marketing Strategies 05:18 Targeting Properties and Analyzing ARV 06:18 Negotiating and Making Offers 08:30 Calculating Offers and ARV 11:25 Selling Wholesale Properties 12:55 Building a Network and Joint Ventures 14:35 Finding Buyers and Joint Ventures 17:09 Finding Deals through Social Media 18:50 Leveraging Personal Connections 20:22 Finding Buyers through Personal Connections 23:07 Finding Distressed Properties 25:14 Earnest Money and Option Periods 28:37 Transition from Financial Side to Real Estate 33:45 Benefits of Wholesaling and Conclusion David's Social: @dlecko https://www.dealmachine.com/pod

This week's episode features an interview with David Lecko, founder and CEO of DealMachine, the highest-rated mobile app to help real estate investors find off-market deals. David is a real estate investor based in Austin, TX and co-hosts the DealMachine Real Estate Investing Podcast, which helps listeners start their journey to financial freedom through real estate.  He created DealMachine back in 2017 when he was new to real estate investing himself. He knew from reading that the best way to find off-market deals was to go driving for dollars and send direct-mail. He drove around, manually wrote down the addresses of distressed properties, and sent mail to the addresses he wrote down. One day, he realized he missed out on a deal because he failed to follow up with his leads. He knew he needed a solution to automate the process. So, he used his tech background to write the first line of code that became DealMachine. Shortly after, he acquired his first rental property through driving for dollars and went on to build a $2 million rental portfolio with the DealMachine app.  When he's not leading DealMachine or out driving for dollars, you might find David surfing, doing laps on the racetrack, or hanging out with his cats, George and Winston.**Reminder! We have a new real estate opportunity currently open to accredited investors. If you are looking for a new project or simply want to learn more, please visit our website at http://www.juice-enterprises.com/10y. If you are interested in more information from there or would like to schedule a call with us, please drop us a DM on Instagram.**If you enjoy the show, please leave us a review on Apple Podcasts or Spotify! It takes less than a minute and makes a huge difference in helping us land high profile guests to best serve our audience. Are you looking to partner on real estate deals or expand your personal portfolio? Click here to join our investor club and be notified about upcoming partnership opportunities.  Previous Guests on The Weekly Juice Podcast include: Brandon Turner, Tarek El-Moussa, David Greene, Tony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” Carson, Heather Blankenship, Tim Bratz, J. Scott, Matt Faircloth, Michael Elefante, Devon Kennard, Paula Pant, Jake Harris, and Avery CarlFollow Us on Social Media:Instagram: instagram.com/weeklyjuicepodYouTube: youtube.com/@weeklyjuicepodTwitter: twitter.com/weeklyjuicepodThreads: threads.net/@weeklyjuicepodTikTok: tiktok.com/@weeklyjuicepod**This episode is brought to you by RentRedi. We get asked all the time how we manage our real estate portfolio while still having W2 jobs. Our secret is RentRedi. This all-inclusive property management software can do it all. It helps us with rent collection, accounting, tenant screening, maintenance requests, marketing, tenant communication and much more. To get more of your time back and streamline your rental portfolio with RentRedi, make sure to use promo code “WEEKLYJUICE” to receive 50% off any plan. **Disclaimer: The information provided in this podcast is for informational purposes only and should not be considered as financial advice. The content of this podcast is based on the personal opinions and experiences of the speakers, and it is important to do your own research and seek professional advice before making any financial decisions. Investing in financial markets involves risk, and you should be aware of the potential for loss. Always consult with a qualified financial advisor or professional before making any investment decisions. Remember, the opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the views of any organizations they are affiliated with.

Driving For Dollars the Modern Way with David Lecko CEO of DealMachineEpisode 167Every good business solves a problem, and that's exactly what David Lecko did as a young real estate investor. After losing out on a property deal, he streamlined the driving-for-dollar strategy by creating DealMachine, an app designed to track and market to properties. Initially a personal project, DealMachine has grown into a thriving multi-million dollar company.In this episode, David delves into the challenges and triumphs of scaling DealMachine, highlighting its value as a lead-generation tool for businesses of all sizes. He also talks about how he balances work and life with a profit-first approach, and the lessons he's learned from his experience hiring and managing a team.This episode is full of entrepreneurial insights that can help any business owner. Tune in now!Topics discussed in this episode:The journey from driving for dollars to DealMachineDavid's current portfolio and investment goalsUps and downs of scaling DealMachineTips to scale your business more easilyConnect with David Lecko on IG: https://www.instagram.com/dlecko/Get the DealMachine: https://www.dealmachine.com/driving-for-dollarsListen to Mike's episode on “The DealMachine Real Estate Investing Podcast!” https://podcasts.apple.com/us/podcast/054-from-$30-000-in-debt-to-making-$50-000-in-6-weeks/id1667656532?i=1000629624965Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://www.collectingkeyspodcast.com/subtoLearn how to start your real estate investing business in the NEW Accelerator program! Sign up for one of 10 spots here: https://www.collectingkeyspodcast.com/launchIf you're an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeyspodcast.com/storeCheck out the NEW Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeyspodcast.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeyspodcast.com/freIf you're interested in learning from Dan and Mike to receive coaching and learn how they built their business, go to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://www.collectingkeyspodcast.comhttps://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com

Do you feel overwhelmed by the sheer number of ways that exist to find a motivated seller? Perhaps you've tried a few ways so far but nothing ""stuck"" yet. In this episode, we will give you the top 25 ways to find a motivated seller. We will also give you the order that you should approach these in, so you're not overwhelmed and can take decisive action towards financial freedom. By the end of this episode, you'll learn how to tackle one thing at a time so you can focus on getting results before adding more to your plate. 00:00 Introduction03:27 Driving for dollars04:20 Tax delinquent lists05:30 Liens07:30 Code violations09:07 Pre-foreclosures10:57 Evictions12:00 Arrest records13:26 Foreclosures14:14 Vacant homes14:16 Expired listings with high equity14:36 Tired landlords14:56 Senior owners over 6515:09 Zombie properties15:45 Absentee owners16:13 Out-of-state owners17:37 Learn about having conversations for your first deal Links Podcast: 068: 4 Convos To Your First Wholesale Real Estate Dealhttps://podcasts.apple.com/us/podcast/068-4-convos-to-your-first-wholesale-real-estate-deal/id1667656532?i=1000633828538 Podcast: MC18 Instagram: David Leckohttps://www.instagram.com/dlecko/ 

Welcome back to the REI Mastermind Network podcast! In this episode, we have a special guest, David Lecko, the founder of DealMachine. David joins our host, Jack Hoss, to share some exciting updates and a big announcement regarding DealMachine. They discuss the game-changing feature of skip tracing, which is now included in the DealMachine app. David reveals how this new functionality allows users to easily find people associated with a property, whether they are owners or renters, along with their contact information, net worth, and more. Jack and David also delve into the importance of simplicity and focus in business, drawing from their own experiences and mentorship. Plus, David offers exclusive Black Friday deals for listeners to take advantage of. Tune in to learn all about the latest enhancements in DealMachine and gain valuable insights into growing your real estate investing business.Connect with David Lecko: https://www.dealmachine.com/get-black-friday-2023Topics & Bullets:IntroductionHost (Jack Hoss) introduces guest (David Lecko)Announcement and updates to DealMachine discussedThe Value of Skip TracingSkip tracing feature highlighted as a major takeawayImportance of skip tracing for real estate investors emphasizedDiscussion on the benefits of skip tracing in DealMachineAccidental Demo and Positive User FeedbackIncident during a demonstration leads to discovery of new featureNew feature reveals people associated with the property, including renters and ownersPositive feedback from users in real estate industryDiscusses how this feature expands prospecting capabilitiesAutomated Property Updates and Paradigm ShiftUpdated feature automatically connects property and tenant informationEliminates need for re-skip tracing when tenants moveParadigm shift in skip tracing process discussedAnnouncement of the feature made on November 20thNo More Skip Tracing and the Community's ResponseEmphasis on the elimination of skip tracing as a separate processInitial confusion among users about the pricing and featuresHighlighting the value and affordability of DealMachineImpact of DealMachine in the Real Estate IndustrySpeculation about how other services may be affected by DealMachine's featuresDiscussion about DealMachine's functionality and benefits for real estate investorsFocus on driving for dollars and the importance of simplicityFeedback Mechanism and Product DevelopmentImportance of customer feedback in product developmentMentions use of a feature request portal to gather customer inputBalancing customer requests with the goal of simplicityThe role of a product manager in the development processMentorship and FocusMentors' influence on David Lecko's focus and business decisionsImportance of focus in business growth and resonance with target audienceExamples of successful entrepreneurs who started with a specific focusLessons learned from personal experiences with diversificationChallenges and Lessons In Business GrowthDiscussion on the challenges faced in scaling business operationsLessons learned from an Airbnb venture and the importance of reliabilityImpact of negative reviews and customer experience on business successFuture DevelopmentsOverview of past...

Are you afraid of hearing no when you make an offer on a house? Or worse! You normally do nothing once a seller tells you no? In this episode, we're going to give you the basics of follow up. We're going to tell you how to be a free consultant to the seller, even though you're no longer in the running. We will show you how to help the seller understand if the other offers are trustworthy or not. Then if something falls through, the seller has the freedom to ask you for your offer again! David's Social: @dlecko https://www.dealmachine.com/pod

Do you want to build a side-hustle wholesaling real estate to earn your first $100k this year? Let us walk you through what types of houses could be a great first deal in this episode. We'll cover the types of houses, what they look like, where they are, what info to collect, and what type of finders fee you can expect to make, depending on the value of the house.

Are you wanting to replace your w2 income by wholesaling real estate, but get scared you'll make a bad offer on your first deal? Today we're going to talk about how you can quickly analyze a deal that you can make a $10k finders fee from without putting more than $100 of your own money down.Your host David Lecko has been a real estate investor for 7 years and has created a process that has helped people close 10,000 deals in all 50 states.Tune in if you have already got an appointment with a seller of a distressed home, but you haven't made your offer yet on their house. David's Social: @dlecko https://www.dealmachine.com/pod

Well, I wasted 7 months myself getting my first real estate deal, but now I know that with the right actions, I could have found my first deal in 7 days. In this short and sweet podcast episode, we give you the baby steps you need to get your first deal.  Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod

Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too! David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he'd have to mimic his boss' path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions. In today's episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today's tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away! In This Episode We Cover: How to reach financial freedom in just a couple of years by buying off-market real estate  Driving for dollars and using this strategy to find massively underpriced deals Outsourcing your deal finding so you can drive less and make more money Building your off-market deal list and how many houses it'll take to get your first payday  To BRRRR or not to BRRRR and why NO cash flow isn't always a bad thing  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David's YouTube Channel Join David's Spartan League Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 731 with Brent Daniels BiggerPockets Podcast 781 on Finding Off-Market Deals BiggerPockets Podcast 663 with Pitch Anything Part 1 BiggerPockets Podcast 664 with Pitch Anything Part 2 Real Estate Rookie Podcast 241 with Sahleem Lee Books Mentioned in the Show Buy, Rehab, Rent, Refinance, Repeat by David Greene Pillars of Wealth by David Greene Rich Dad Poor Dad by Robert Kiyosaki Connect with David: David's BiggerPockets Profile DealMachine David's Instagram David's Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Lecko and Matt Kamp are here to introduce to you the ultimate tool for savvy real estate wholesalers! With this cutting-edge app, you'll transform the way you do business. Discover property data and valuation estimates in seconds, all while networking with investors in your area. Streamline your workflow, save precious time, and supercharge your  wholesaling journey with DealMachine – your key to unlocking new opportunities in real estate.Like what you heard? Join TTP training program for more REI goodness.----------Show notes:(1:12) Beginning of today's episode(4:00) The making of DealMachine and how the app came to life(7:41) How to get a deal in just 30 days(10:09) The best practice that you can do to have those conversations (15:06) DealMachine removes all the obstacles of all the creative avoidance that we set up for ourselves to not go out and take action. (17:34) Finding revenue-generating activities (22:30) It takes time to build your skills. (24:31) Five proven steps to set up your real estate business----------Resources:DealMachine (Use code: TTP at www.dealmachinechallenge.com  or get 45% off by emailing: matt@dealmachine.com )UpworkFiverrTo speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

 Mike was once shackled to the conventional 9-to-5 grind but found time freedom and financial independence with real estate, making an astonishing $50,000 within six weeks of his first deal.So, what is wholesaling? Wholesaling real estate involves finding a rundown house and passing it off to an investor who pays you a finder's fee, without the need for huge down payments or even having to close on the property yourself.Tune in and discover how you can change your life!Subscribe and leave us a review! David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Mike's Social: @collectingkeyspodcast