132: Making $7,000 in Just ONE Week

The DealMachine Real Estate Investing Podcast

Ronnie Robertson shares his experience with his first real estate wholesale deal, making $7,000 in just one week. He discusses the process of closing the deal and the timeframe involved. Ronnie explains how he found the deal using the Deal Machine app and his marketing strategy for reaching out to cash buyers. He also shares his preference for wholesaling vacant land and the benefits of doing so. Ronnie highlights the importance of finding a mentor and surrounding yourself with successful people in the industry. He concludes by discussing his goals for the future and his social media presence.

Takeaways

• Wholesaling vacant land can be a profitable niche in real estate.

• Building a strong network and finding a mentor can greatly contribute to success in wholesaling.

• Consistency and persistence in reaching out to potential leads is key to finding deals.

• Surrounding yourself with successful people can help remove doubt and provide motivation.

Key Talking Points of the Episode

00:00 Introduction

01:01 How much did Ronnie make on his first wholesale deal?

02:50 What strategy does Ronnie use to find sellers and buyers through Deal Machine?

03:51 How many calls did it take for Ronnie to find buyers that he can find deals for?

04:48 Why is it important to start with finding buyers before deals?

06:07 How did Ronnie know what price to put his deals under contract for?

08:16 Why does Ronnie prefer to wholesale vacant land?

10:18 What was Ronnie doing before he started wholesaling?

11:01 How has wholesaling changed Ronnie’s life?

14:03 What are Ronnie’s goals?

15:35 How can you get in touch with Ronnie?

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/