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199: Is $500k in 6 Months Possible (Too Good To Be True)?
Manage episode 436618516 series 3441909
Το περιεχόμενο παρέχεται από το DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
If you've ever wondered if some success stories sound too good to be true, this podcast is for you. When I built DealMachine eight years ago, I was building it as a marketing tool for my own investing. I had done three deals or so at the time that DealMachine started taking off from other people that wanted to use it. And I remember Krystal and Dedrick Polite, who now have their own house flipping TV show 50/50 Flip, said they made $500,000 in six months. And I was sitting there filming a recording of their testimonial and I almost didn't even believe it was true because it seemed like too successful.
But NOW I KNOW they were successful because they had another business before. They were able to zoom past what hangs most beginners up when they are starting out. And I am going to show you how to get out of your own way and close your first deal a lot faster.
Key Talking Points of the Episode
00:00 Introduction
03:03 How much marketing does it take to get your first deal?
05:35 What is an acceptable churn rate for a business like Deal Machine?
08:21 What is the importance of perseverance in business?
09:50 How important are systems in a real estate business?
10:44 How do we hire people to drive for us?
13:20 What marketing strategies do we use for Deal Machine?
15:21 How do we manage rental showings through Show Mojo?
19:07 What does the future look like for Deal Machine?
20:25 How do we screen tenants for our rental properties?
Links
Instagram: David Lecko
https://www.instagram.com/dlecko
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Deal Machine
https://www.dealmachine.com/pod
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/
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