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169: Your First Month Wholesaling - Can You Make $96k?

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Manage episode 426042348 series 3441909
Content provided by DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Lance made $96k in his first month wholesaling 4 real estate deals in 2016 and now he talks about why he still loves single family homes over multi family.

Key Talking Points:

00:00: Introduction to the podcast and guest's success in wholesaling.

00:20: Discussion on starting with a large volume of direct mail and host introductions.

01:06: Introduction of Lance Wakefield and his entry into wholesaling.

01:19: Lance discusses his initial strategy and details of his first four deals.

01:48: Explanation of the deals and Lance's decision to wholesale.

04:01: Transition from viewing wholesalers negatively to engaging in wholesaling.

05:02: Evolution of Lance's business and approach to wholesaling, seller financing, and holding properties.

06:25: Discussion on contracts used in wholesaling and benefits of tailored contracts.

08:20: Benefits of custom contracts and built-in 15-day extension.

10:31: Promotion for Deal Machine Unveiled event and the URL.

12:20: Lance's current business operations and comparison between rentals and seller financing.

14:02: Explanation of the difference between wholesaling and novation.

16:49: Breakdown of overhead expenses and business structure.

18:37: Strategy for focusing on bigger opportunities, including package deals and refinancing.

20:21: Reasons for targeting smaller multifamily units and packages of single-family homes.

22:10: Closing remarks and where to find Lance Wakefield on social media.

Links and Resources Mentioned:

Deal Machine Unveiled Event: dealmachine.com/unveiled

Instagram: https://www.instagram.com/lancewakefield/

Facebook: https://www.facebook.com/lancewakefield

TikTok: https://www.tiktok.com/@lancewakefield

Podcast: https://podcasts.apple.com/us/podcast/pursuit-of-prosperity/id1498765055

  continue reading

191 episodes

Artwork
iconShare
 
Manage episode 426042348 series 3441909
Content provided by DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Lance made $96k in his first month wholesaling 4 real estate deals in 2016 and now he talks about why he still loves single family homes over multi family.

Key Talking Points:

00:00: Introduction to the podcast and guest's success in wholesaling.

00:20: Discussion on starting with a large volume of direct mail and host introductions.

01:06: Introduction of Lance Wakefield and his entry into wholesaling.

01:19: Lance discusses his initial strategy and details of his first four deals.

01:48: Explanation of the deals and Lance's decision to wholesale.

04:01: Transition from viewing wholesalers negatively to engaging in wholesaling.

05:02: Evolution of Lance's business and approach to wholesaling, seller financing, and holding properties.

06:25: Discussion on contracts used in wholesaling and benefits of tailored contracts.

08:20: Benefits of custom contracts and built-in 15-day extension.

10:31: Promotion for Deal Machine Unveiled event and the URL.

12:20: Lance's current business operations and comparison between rentals and seller financing.

14:02: Explanation of the difference between wholesaling and novation.

16:49: Breakdown of overhead expenses and business structure.

18:37: Strategy for focusing on bigger opportunities, including package deals and refinancing.

20:21: Reasons for targeting smaller multifamily units and packages of single-family homes.

22:10: Closing remarks and where to find Lance Wakefield on social media.

Links and Resources Mentioned:

Deal Machine Unveiled Event: dealmachine.com/unveiled

Instagram: https://www.instagram.com/lancewakefield/

Facebook: https://www.facebook.com/lancewakefield

TikTok: https://www.tiktok.com/@lancewakefield

Podcast: https://podcasts.apple.com/us/podcast/pursuit-of-prosperity/id1498765055

  continue reading

191 episodes

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