341: How Michael Made $50k on His First Wholesale Deal
Michael Foley breaks down how he used virtual assistants to cold call leads and landed a $50,000 profit on his very first wholesale deal.
The DealMachine Real Estate Investing Podcast · Ryan Haywood, Michael Foley
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Show Notes
Michael Foley joins Ryan to share how he built a cold-calling system using virtual assistants—and landed $50,000 on his very first wholesale deal. He breaks down how to qualify leads, decide between wholesaling or retail, and even how he gets attorneys on board in a tough New York market.
KEY TALKING POINTS:
0:00 - Intro
0:14 - Michael Foley's Real Estate Business
1:03 - How He Started Wholesaling & Using VAs For Cold Calling
5:04 - His First Wholesale Deal
6:27 - Wholesaling In New York
8:10 - Why He Added Wholesaling To His Business
10:27 - Results From Using VAs & How He Approaches Appointments
14:11 - Advice For Aspiring Real Estate Investors
15:25 - How To Get In Touch With Michael
16:01 - Outro
LINKS:
Instagram: Michael Foley
https://www.instagram.com/_mike_foley_
Website: Michael Foley
https://www.frontline-realty.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/