EPISODE · Feb 7, 2025 · 34 MIN
292: Costa’s First Flip Made $120K—Here’s Why He Switched
from The DealMachine Real Estate Investing Podcast · host Costa Karellas, David Lecko
Costa Karellas made $120K on his first flip in Boston—but instead of doubling down, he pivoted to wholesaling remotely in Kansas City. In this episode, he reveals why he made the switch, the power of partnerships, and the Marine Corps mindset that drives his success. Plus, David shares insights on balancing investing while running DealMachine. KEY TALKING POINTS:0:00 - Introduction0:10 - What Costa Karellas Learned From Being A Marine Corps Captain5:16 - His Goal When He Started His Business7:47 - The Power Of Leveraging Partnerships11:20 - Getting The Reps12:19 - How Long Costa Has Been In His Market13:32 - Learning Skills Before You Hire Someone Else17:34 - Moving Slow To Move Fast20:34 - David Speaks On Investing Alongside Running DealMachine22:44 - Costa’s Business Partners And Personality Profiles He Looks For26:31 - His Worst Day As A Real Estate Investor31:33 - Why He Decided To Switch To Wholesaling34:03 - Outro LINKS:Instagram: Costa Karellashttps://www.instagram.com/costa_karellas/ Website: Costa Karellashttps://www.kl-propertygroup.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/
What this episode covers
Costa Karellas made $120K on his first flip but left flipping behind—this episode breaks down why he pivoted to wholesaling and how he's closed 86 deals in 18 months.
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292: Costa’s First Flip Made $120K—Here’s Why He Switched
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