436: $1M From One Deal Using This Hidden Strategy
Eric Escobar reveals the hidden real estate strategy that turned a $585K property into $2.5 million, building $1M in equity through smart lot splitting and new construction.
The DealMachine Real Estate Investing Podcast · Eric Escobar, David Lecko
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Show Notes
Eric Escobar breaks down how he built $1 million in equity from a single deal in Los Angeles using a hidden strategy that lets homeowners split lots and build new units on their land. He explains how he bought a $585K home, added three new units, and created a $2.5M property — all while running his own construction company and navigating city zoning hurdles. This episode shows how one overlooked opportunity can turn a single property into a million-dollar play.
KEY TALKING POINTS:
0:00 - Intro
0:23 - Eric Escobar’s Business & SB9 Deals
4:02 - Other Senate Bills & Why You Should Actually Read Them
5:41 - What SB9 Applies To & Numbers From A Deal
8:53 - Working With The City
11:33 - What It Costs For A New Build In His Market
13:29 - When He Started His Construction Company
17:08 - His Real Estate Content & What He Wants To Do Next
19:52 - His Recommendations For David & Driving For Dollars
23:40 - Outro
LINKS:
Instagram: Eric Escobar
https://www.instagram.com/ericpaulescobar/
Facebook: Esco Builders Inc.
https://escobuildersinc.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/