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113: The Genius Behind Deal Machine: David Lecko’s Journey from Idea to Industry Leader
Manage episode 433357476 series 3478952
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In this insightful episode of the Property Prophets Podcast, Travis Wells sits down with David Lecko, the mastermind behind the popular real estate tool, Deal Machine. David shares his journey from missing out on a potential deal to creating an app that revolutionized driving for dollars.
Their discussion cover a range of essential topics for real estate investors:
1. Creation of Deal Machine: David shares how missing out on a deal inspired him to develop Deal Machine, an app that streamlines driving for dollars by allowing users to pin properties and send direct mail to owners with a simple tap.
2. Powerful Data Tools: The discussion highlights how Deal Machine has evolved to include comprehensive data features, such as access to phone numbers nationwide and an AI-powered dialer, making it a must-have tool for real estate investors.
3. AI Integration: David explains how the latest AI features in Deal Machine can assist with cold calling, automate follow-ups, and streamline property status categorization, saving investors time and energy.
4. Creative Financing Strategies: Travis shares his approach to acquiring properties through 0% interest deals, offering insights into how to negotiate seller financing that benefits both parties.
5. Real Estate Investment Focus: Both Travis and David emphasize the importance of focusing investments in specific areas to simplify management and maximize returns. David's experience with his Indianapolis properties illustrates how strategic property selection can lead to significant appreciation.
6. Scaling Real Estate Operations: The conversation touches on how both Travis and David have scaled their operations, with Travis discussing his use of partners and creative deal structures to maintain cash flow and continue growing his portfolio.
7. Balancing Real Estate with Passion Projects: David talks about his passion for race car driving and how it complements his real estate endeavors, highlighting the importance of pursuing interests outside of work.
Whether you're a seasoned investor or just starting out, this episode offers practical insights and strategies that can help you elevate your real estate game. Tune in to hear how David's tool has contributed to his personal portfolio and why Travis swears by creative deal-making.
Catch the full episode on your favorite podcast platform, and learn how you can leverage technology and creative financing to boost your real estate success!
🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us!
Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587
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