Darryl shares how his first wholesale deal in North Carolina, though only earning him $500, proved real estate could work for him, leading him to quit his job, pursue seller financing, and build a property portfolio, all while stressing the importance of relationship-building and follow-ups in wholesaling.
Darryl shares his experience with his first real estate deal, which was a single-family home he wholesaled in North Carolina. He found the deal on Craigslist and locked it up at a price that would have made him $5,000, but ended up renegotiating and making only $500. Despite the small profit, this deal proved to be a proof of concept for Darryl. He quit his job in cable and got into real estate to create a better life for himself. He eventually ventured into seller financing deals and built a portfolio of properties. Darryl emphasizes the importance of nurturing relationships with potential future business and the value of follow-ups in wholesaling. He also discusses the average assignment fees in his market and the marketing strategies he uses to find deals.
KEY TALKING POINTS OF THE EPISODE
0:00 - Darryl's First Wholesale Deal
1:53 - What He Was Doing Before Real Estate
2:33 - What Led Darryl to Trying Real Estate
3:49 - What He Did After Getting His First Deal
4:30 - His Seller Financing Deal
7:14 - His Primary Method of Investing Now
7:56 - A Word of Advice for New Wholesalers
9:29 - Tips on Setting A Schedule for Yourself
11:00 - The Wholesale Deals Darryl Does
12:13 - How Much Marketing to Get A Deal?
14:08 - Darryl's Business Structure
14:38 - How to Find Darryl & Closing Thoughts
LINKS
Instagram: Darryl
https://www.instagram.com/spanknnewrealestate
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/