489: $1.4M Courthouse Deal—LIVE on the Podcast
A real courthouse auction expert explains how he wins deals—and closes a $1.4M property live during the episode.
The DealMachine Real Estate Investing Podcast · Armando Banuelos, Ryan Haywood, David Lecko
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Show Notes
David and Ryan sit down with Armando Banuelos, a 20-year courthouse auction veteran, to break down how he actually wins deals at the courthouse steps—and then, in the middle of the episode, he negotiates and locks up a $1.4M deal live on the podcast. Armando explains how preparation, patience, and understanding auction mechanics separate real buyers from spectators, why courthouse deals still work today, and what most investors completely misunderstand about buying this way.
KEY TALKING POINTS:
0:00 - Intro
0:26 - An Overview Of Armando Banuelos’ Business
1:12 - How He Got Started
4:18 - Outsourcing The Work & Finding Contractors
5:35 - How Much He Made From His First Deal
6:51 - Getting Deals From The Courthouse Now
8:50 - Bidding On A House Live & How Auctions Work
16:09 - What He’s Going To Do Next
18:13 - Closing Thoughts
19:32 - Outro
LINKS:
Instagram: Armando Banuelos
https://www.instagram.com/armandobanuelos.cig/
Website: Capitol Buys Houses
https://www.capitolbuyshouses.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/