185: He Made $7,500 on His First Wholesale Deal by Finding an Expired Listing

What this episode covers

Raji Hamideh shares his experience in real estate wholesaling and turnkey investing. He made $7,500 on his first wholesale deal by finding an expired listing that had failed two years prior. He used Propstream to find the listing. Raji emphasizes the importance of follow-up in finding deals and advises new investors to be persistent. He also discusses his turnkey business model, where he wholesales properties to out-of-state investors after fixing them up. Raji explains how he finds buyers through cold calling, email outreach, and targeted marketing campaigns. He also shares insights on forming U.S. businesses for foreign investors and the criteria he uses to decide whether to wholesale or turnkey a property. Key Talking Points of the Episode 00:00 Introduction 01:11 How did Raji make $7500 on his first wholesale deal? 02:56 What was life like for Raji before wholesaling real estate? 04:44 What is Raji’s advice for people who want to get into wholesaling today? 06:05 Why did Raji decide to sell turnkey properties? 07:13 How does Raji’s turnkey strategy work? 08:08 How does Raji decide whether to wholesale a deal or sell it as turnkey? 09:37 Where does Raji find buyers for their properties? 10:42 How did Raji come across the kind of buyers they sell to? 11:31 How does Raji help investors outside of the country? 13:51 What does NOI stand for? 14:21 What markets does Raji operate in? 15:26 How does Raji build lists to market to? 18:29 What is Raji’s cold calling strategy to get deals? 19:31 How does the law of probability apply in real estate? 20:54 How can you get in touch with Raji? Links Email: HMDH Enterprises [email protected] LinkedIn: Raji Hamideh https://www.linkedin.com/in/raji-hamideh-289433aa/ Website: https://www.dealmachine.com/dialer-challenge 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/