Want to invest in real estate to replace your W2 and be your own boss? Our guest asks top questions on getting started and we answer them! Key Talking Points of the Episode 00:00 Introduction 02:17 When do real estate investors use debt for properties? 04:01 How do interest rates affect your real estate deals? 05:37 Where did the idea for the Deal Machine app come from? 06:48 What motivated David to build the Deal Machine app? 07:39 What was the first property David invested in? 09:38 What is difference between how we do real estate today from before? 10:18 How can new investors take advantage of DSCR loans? 12:05 What is the BRRR strategy? 13:04 How can new investors avoid getting into bad deals? 14:10 What is the difference between being an agent and a wholesaler? Links Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788 Instagram: David Lecko https://www.instagram.com/dlecko Instagram: Heritage Home Investments https://www.instagram.com/heritage_home_investments
Want to invest in real estate to replace your W2 and be your own boss? Our guest asks top questions on getting started and we answer them!
Key Talking Points of the Episode
00:00 Introduction
02:17 When do real estate investors use debt for properties?
04:01 How do interest rates affect your real estate deals?
05:37 Where did the idea for the Deal Machine app come from?
06:48 What motivated David to build the Deal Machine app?
07:39 What was the first property David invested in?
09:38 What is difference between how we do real estate today from before?
10:18 How can new investors take advantage of DSCR loans?
12:05 What is the BRRR strategy?
13:04 How can new investors avoid getting into bad deals?
14:10 What is the difference between being an agent and a wholesaler?
Links
Podcast: 065: How to Get Your First Deal in 7 Days with David Lecko
https://podcasts.apple.com/us/podcast/065-how-to-get-your-first-deal-in-7-days-with-david-lecko/id1667656532?i=1000633061788
Instagram: David Lecko
https://www.instagram.com/dlecko
Instagram: Heritage Home Investments
https://www.instagram.com/heritage_home_investments