112: House Flipping More Profitable Than Wholesaling Real Estate?

from The DealMachine Real Estate Investing Podcast · host matt dupre, Ryan Haywood, David Lecko

Are you tempted to borrow private money and flip a house? Today I interviewed a house flipper who transitioned to full time wholesaling. You'll be surprised to hear why he chooses wholesaling real estate as his business model of choice after 20 years in the business. Summary Matt DuPre shares his journey in wholesaling real estate, starting with accidental discovery and transitioning from fix and flipping. He discusses the effectiveness of direct mail and using DealMachine for marketing. Matt also explains how he finds buyers for his wholesale deals and offers advice for those starting out in wholesaling. He emphasizes the importance of belief and perseverance in the industry and offers support to new wholesalers. Takeaways • Wholesaling can be a profitable alternative to fix and flipping, allowing for quicker and less risky transactions.• Direct mail can be an effective marketing strategy in wholesaling, especially when combined with other channels like texting and cold calling.• Cash buyers lists and social media platforms like Facebook can help find buyers for wholesale deals.• Belief and perseverance are key in succeeding as a wholesaler, and it's important to adapt to market changes and buyer preferences.• Support and guidance from experienced wholesalers can be valuable for those starting out in the industry. Chapters 00:00 Introduction and Background02:21 Discovering Wholesaling as an Alternative to Fix and Flipping05:19 Earning Higher Assignment Fees in Wholesaling07:48 Marketing Strategies and Finding Motivated Sellers10:11 The Effectiveness of Direct Mail in Wholesaling12:18 Using Deal Machine for Data and Marketing13:37 Finding Buyers for Wholesale Deals15:43 Using Cash Buyers Lists to Sell Wholesale Deals17:24 Adapting to Market Changes and Buyer Preferences21:30 Transitioning from Fix and Flipping to Wholesaling22:18 Finding Buyers for Wholesale Deals24:03 Advice for Starting Out in Wholesaling26:02 Balancing Wholesaling with a Full-Time Job27:57 Using Social Media to Connect with Others in the Industry29:40 Offering Support and Guidance to New Wholesalers29:59 Conclusion

What this episode covers

Are you tempted to borrow private money and flip a house? Today I interviewed a house flipper who transitioned to full time wholesaling. You'll be surprised to hear why he chooses wholesaling real estate as his business model of choice after 20 years in the business. Summary Matt DuPre shares his journey in wholesaling real estate, starting with accidental discovery and transitioning from fix and flipping. He discusses the effectiveness of direct mail and using DealMachine for marketing. Matt also explains how he finds buyers for his wholesale deals and offers advice for those starting out in wholesaling. He emphasizes the importance of belief and perseverance in the industry and offers support to new wholesalers. Takeaways • Wholesaling can be a profitable alternative to fix and flipping, allowing for quicker and less risky transactions. • Direct mail can be an effective marketing strategy in wholesaling, especially when combined with other channels like texting and cold calling. • Cash buyers lists and social media platforms like Facebook can help find buyers for wholesale deals. • Belief and perseverance are key in succeeding as a wholesaler, and it's important to adapt to market changes and buyer preferences. • Support and guidance from experienced wholesalers can be valuable for those starting out in the industry. Chapters 00:00 Introduction and Background 02:21 Discovering Wholesaling as an Alternative to Fix and Flipping 05:19 Earning Higher Assignment Fees in Wholesaling 07:48 Marketing Strategies and Finding Motivated Sellers 10:11 The Effectiveness of Direct Mail in Wholesaling 12:18 Using Deal Machine for Data and Marketing 13:37 Finding Buyers for Wholesale Deals 15:43 Using Cash Buyers Lists to Sell Wholesale Deals 17:24 Adapting to Market Changes and Buyer Preferences 21:30 Transitioning from Fix and Flipping to Wholesaling 22:18 Finding Buyers for Wholesale Deals 24:03 Advice for Starting Out in Wholesaling 26:02 Balancing Wholesaling with a Full-Time Job 27:57 Using Social Media to Connect with Others in the Industry 29:40 Offering Support and Guidance to New Wholesalers 29:59 Conclusion David's Social: @dlecko https://www.dealmachine.com/pod