086: $30,000 from House Flipping vs Wholesaling with Hannah Martin & Lukas Dommer

What this episode covers

Do you want to quit your job and flip houses, but you kinda wonder about this wholesale real estate thing? Maybe you looked at a deal and were tempted to buy it yourself to flip it for a bigger profit than wholesaling... Hannah Martin and Lukas Dommer were bored in covid so they started a wholesale real estate business. Now they've done 129 deals, and tried flipping for a little bit. They're here to explain how they started, and how flipping is a different business than wholesaling. David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Key Talking Points of the Episode 00:00 Introduction 01:00 How did Hannah and Lukas make thousands on their first deal? 02:45 What happened when Hannah and Lukas advertised their first deal? 03:40 How did Hannah and Lukas find a buyer for their first deal? 05:48 What were Hannah and Lukas doing before getting into real estate? 07:40 How did Hannah and Lukas find their 2nd wholesale deal? 10:51 How long did it take for the fire damage deal to close? 13:45 What did Hannah and Lukas learn from their 2nd deal? 16:54 How did Hannah and Lukas find a buyer for the fire damage deal? 21:47 What was it like for Hannah and Lukas to learn the ropes of wholesaling? 23:44 What is the reality behind faking it til you make it? 25:38 Why did Hannah and Lukas decide to focus on wholesaling? 28:33 How can you connect with Hannah and Lukas? Links Document: Wholesaling Contract https://www.dealmachine.com/contract Instagram: Hannah Martin https://www.instagram.com/hannah_mar10 Instagram: Lukas Dommer https://www.instagram.com/lukas_dommer Instagram: Heritage Home Investments https://www.instagram.com/heritage_home_investments Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727