205: The First Deal: Proof Of Concept

The DealMachine Real Estate Investing Podcast

Darryl shares his experience with his first real estate deal, which was a single-family home he wholesaled in North Carolina. He found the deal on Craigslist and locked it up at a price that would have made him $5,000, but ended up renegotiating and making only $500. Despite the small profit, this deal proved to be a proof of concept for Darryl. He quit his job in cable and got into real estate to create a better life for himself. He eventually ventured into seller financing deals and built a portfolio of properties. Darryl emphasizes the importance of nurturing relationships with potential future business and the value of follow-ups in wholesaling. He also discusses the average assignment fees in his market and the marketing strategies he uses to find deals.

KEY TALKING POINTS OF THE EPISODE

0:00 - Darryl's First Wholesale Deal

1:53 - What He Was Doing Before Real Estate

2:33 - What Led Darryl to Trying Real Estate

3:49 - What He Did After Getting His First Deal

4:30 - His Seller Financing Deal

7:14 - His Primary Method of Investing Now

7:56 - A Word of Advice for New Wholesalers

9:29 - Tips on Setting A Schedule for Yourself

11:00 - The Wholesale Deals Darryl Does

12:13 - How Much Marketing to Get A Deal?

14:08 - Darryl's Business Structure

14:38 - How to Find Darryl & Closing Thoughts

LINKS

Instagram: Darryl

https://www.instagram.com/spanknnewrealestate

Instagram: David Lecko

https://www.instagram.com/dlecko

Website: DealMachine

https://www.dealmachine.com/pod

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/