205: The First Deal: Proof Of Concept

Darryl shares his experience with his first real estate deal, which was a single-family home he wholesaled in North Carolina. He found the deal on Craigslist and locked it up at a price that would have made him $5,000, but ended up renegotiating and making only $500. Despite the small profit, this deal proved to be a proof of concept for Darryl. He quit his job in cable and got into real estate to create a better life for himself. He eventually ventured into seller financing deals and built a portfolio of properties. Darryl emphasizes the importance of nurturing relationships with potential future business and the value of follow-ups in wholesaling. He also discusses the average assignment fees in his market and the marketing strategies he uses to find deals. KEY TALKING POINTS OF THE EPISODE 0:00 - Darryl's First Wholesale Deal 1:53 - What He Was Doing Before Real Estate 2:33 - What Led Darryl to Trying Real Estate 3:49 - What He Did After Getting His First Deal 4:30 - His Seller Financing Deal 7:14 - His Primary Method of Investing Now 7:56 - A Word of Advice for New Wholesalers 9:29 - Tips on Setting A Schedule for Yourself 11:00 - The Wholesale Deals Darryl Does 12:13 - How Much Marketing to Get A Deal? 14:08 - Darryl's Business Structure 14:38 - How to Find Darryl & Closing Thoughts LINKS Instagram: Darryl https://www.instagram.com/spanknnewrealestate Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Website: Heritage Home Investments https://www.heritagehomeinvestments.com/