EPISODE · May 11, 2026 · 39 MIN
534: $800K Profit On His Third Real Estate Deal Ever
from The DealMachine Real Estate Investing Podcast · host Dylan Gillies, David Lecko, Ryan Haywood
Dylan Gillies started wholesaling with zero capital, no buyers list, and a $6,000 course that produced nothing. Then he forgot he was even sending mail through DealMachine and got a call that changed everything. Now, three deals in, he is staring down a six-unit manufactured home development with $800K in projected net profit for the group, and he had to pass on a $90K assignment fee to get there. In this episode, Dylan, David, and Ryan also dig into why Ryan scaled back from 11 employees to 3, how inbound direct mail creates more leverage than cold outreach, and what most wholesalers get wrong about hiring and partnerships. KEY TALKING POINTS: 0:00 - Intro 0:30 - Dylan Gillies' Business & First Deals 4:52 - Building A Buyers List & Other Deals 6:19 - Manufactured Homes 10:21 - The Marketing He's Doing & Being An Agent 13:18 - Mistakes He's Learned From 14:46 - Sending Direct Mail & Ryan's Structure 25:42 - Mistakes When Building A Business 31:14 - Stepping Back As An Owner 34:31 - More On Direct Mail 39:37 - Outro LINKS: Facebook: Dylan Gillies https://www.facebook.com/dylan.gillies.9 Website: North Coast REI LLC https://www.northcoastrei.com/ 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/
What this episode covers
Dylan Gillies is three deals into wholesaling and already deciding whether to take a quick $90K assignment fee or ride out an $800K net profit development play in Washington state.
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534: $800K Profit On His Third Real Estate Deal Ever
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