209: How To Acquire Good Real Estate Deals
Wyatt Reed shares how he made $1,900 on his first wholesale deal and transitioned to buy-and-hold properties, emphasizing the importance of taking action in real estate investing.
The DealMachine Real Estate Investing Podcast · David Lecko, Ryan Haywood, Wyatt Reed
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Show Notes
Wyatt Reed shares his experience with wholesaling real estate and how he made $1,900 on his first wholesale deal. He explains how he found the deal through a coworker and the challenges of dealing with a hoarder house. Wyatt also discusses his transition from wholesaling to buying and holding properties, as well as his foray into seller financing. He emphasizes the importance of taking action and finding leads in order to be successful in real estate investing.
KEY TALKING POINTS:
0:00 - Introduction
1:31 - Breaking Down Wyatt’s First Wholesale Deal
6:45 - How Wyatt Spent His First Assignment Fee
7:48 - What Wyatt Did Next
9:00 - How He Explains Wholesaling to Sellers
10:04 - Dealing With Sellers That Are Put Off By Wholesaling
11:16 - How Many Wholesale Deals Wyatt Has Done & His Perspective On It
14:44 - What Wyatt Was Doing Before Real Estate
15:29 - What His Life Is Like As An Investor
16:14 - His Advice for People Looking to Get Their First Deal
17:23 - Where to Find Wyatt & Defining Seller Finance
19:17 - Outro
LINKS:
Instagram: Wyatt Reed
https://www.instagram.com/wyatt_c_reed/
Website: Wyatt Reed
https://ascendyoursuccess.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/