320: How Karl Solves The Deals That Everyone Avoids (For Big $$$)
Karl Spielvogel reveals how he finds massive profits in the messy, overlooked deals most investors avoid — including the $249k payday that took nine months to unlock.
The DealMachine Real Estate Investing Podcast · Karl Spielvogel
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Show Notes
Tired of the same old wholesaling grind? Today, we have Karl Spielvogel, who uncovers hidden real estate opportunities by tackling the complex problems others avoid. Karl specializes in properties with tangled title issues, judgments, and other unique challenges. He'll share his secrets for turning these complicated situations into lucrative deals with less competition, offering a fresh perspective for ambitious wholesalers.
Karl made $249,000 on one deal after finding out two of the owners were deceased. He left a note and a FedEx package explaining the situation to the living owner, and after nine months, she contacted him, leading to the deal. In this deal he bought three properties — one was bought for $57,000 and sold for $125,000!
KEY TALKING POINTS:
0:00 - An Overview Of Karl Spielvogel’s Business
0:45 - Why He Specializes In Harder Deals That Turn Other Investors Away
3:00 - What Is A “Variance”?
3:57 - Title Issues He Had With A Complex Deal
5:07 - The Mindset That’s Allowed Him To Focus On The Harder Problems
6:01 - What He Was Trying To Accomplish When He Started His Business
8:11 - How He Got His Creativity In Business Deals
9:56 - What He Learned Recently
12:56 - Using Long Term Investment Strategies & His Exit Strategy
15:43 - The Ins And Outs Of Purchasing A Judgment
22:08 - What Karl’s Looking Forward To In 2025
23:15 - How To Get In Touch With Karl And His Deal Criteria
24:40 - Outro
LINKS:
Contact Karl: 704-995-5385
Instagram: Karl Spielvogel
https://www.instagram.com/karlspielvogel/
Website: Karl Spielvogel
https://www.legacylinkproperties.com/consultants
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/