EPISODE · Jan 10, 2024 · 14 MIN
096: Ramone Buys Vacations to Greece with his Side Hustle
from The DealMachine Real Estate Investing Podcast · host David Lecko
Do you LOVE your job, but wish it paid a bit more? Ramone has been vacationing in Greece without worrying about the cost... Thanks to his side hustle. He's been finding run down houses since 2020 and gets paid $17,000 for finding them. He uses the wholesaling real estate strategy with ON-MARKET deals... something we have never covered on this podcast before. Ramon also explains how he built relationships with cash buyers and the importance of driving for dollars as the best list for finding deals. He shares his transition from flipping to wholesaling and how wholesaling has become a side hustle on autopilot for him. Ramon emphasizes the benefits of wholesaling for generating cash for rentals and shares his key lessons in wholesaling. Takeaways Wholesaling real estate is a great way to escape the rat race and make more money.Building relationships with cash buyers is crucial for successful wholesaling.Driving for dollars is the best list for finding deals in wholesaling.Wholesaling can be a side hustle on autopilot, allowing for additional income.Wholesaling can generate cash for investing in rental properties. Key Talking Points of the Episode 00:00 Introduction01:02 How did Ramon get into wholesaling?02:16 How did Ramon wholesale a deal that was on the market?03:02 Where did Ramon meet his cash buyer?04:43 What type of lists did Ramon cold call for deals?05:47 How does Ramon open conversations with sellers?06:53 What made Ramon decide to focus on wholesaling?08:12 How does Ramon drive for dollars?09:41 How does Ramon decide when to keep properties as rentals?11:28 What does Ramon do to market his real estate business? Links Document: Wholesale Contracthttps://www.dealmachine.com/contract
What this episode covers
Do you LOVE your job, but wish it paid a bit more? Ramone has been vacationing in Greece without worrying about the cost... Thanks to his side hustle. He's been finding run down houses since 2020 and gets paid $17,000 for finding them. He uses the wholesaling real estate strategy with ON-MARKET deals... something we have never covered on this podcast before. Ramon also explains how he built relationships with cash buyers and the importance of driving for dollars as the best list for finding deals. He shares his transition from flipping to wholesaling and how wholesaling has become a side hustle on autopilot for him. Ramon emphasizes the benefits of wholesaling for generating cash for rentals and shares his key lessons in wholesaling. Takeaways Wholesaling real estate is a great way to escape the rat race and make more money. Building relationships with cash buyers is crucial for successful wholesaling. Driving for dollars is the best list for finding deals in wholesaling. Wholesaling can be a side hustle on autopilot, allowing for additional income. Wholesaling can generate cash for investing in rental properties. Key Talking Points of the Episode 00:00 Introduction 01:02 How did Ramon get into wholesaling? 02:16 How did Ramon wholesale a deal that was on the market? 03:02 Where did Ramon meet his cash buyer? 04:43 What type of lists did Ramon cold call for deals? 05:47 How does Ramon open conversations with sellers? 06:53 What made Ramon decide to focus on wholesaling? 08:12 How does Ramon drive for dollars? 09:41 How does Ramon decide when to keep properties as rentals? 11:28 What does Ramon do to market his real estate business? Links Document: Wholesale Contract https://www.dealmachine.com/contract
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096: Ramone Buys Vacations to Greece with his Side Hustle
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