The DealMachine Real Estate Investing Podcast

324: How Corey Hit $3.2M From Wholesale Deals

Episode Summary

Corey Reyment breaks down how he built a $3.2M wholesaling business, scaled his team, and landed a $650k assignment fee.

Episode Notes

Are you overwhelmed by the challenges of scaling your wholesaling operation and building a reliable team? In this episode, we dive into the journey of Corey Reyment, who started in 2016 and has since completed 800 to 1,000 wholesale deals. Corey will share his insights on overcoming hiring pitfalls and developing effective marketing strategies, revealing how he built a business that now closes a significant volume of deals and averages around $23,000 per wholesale transaction. Learn actionable steps to streamline your growth and avoid costly mistakes from someone who has achieved substantial success in the wholesaling industry.

Here are three more impressive things about Corey Reyment that weren't mentioned in the intro:

• Corey quickly transitioned into wholesaling, completing his first wholesale deal just four days after purchasing his first rental property in 2016. This demonstrates his rapid entry and early success in the wholesaling business.
• His motivation for starting his business was driven by a desire to escape an unfulfilling job and gain more time with his family. This personal drive and clear "intensity" fueled his entrepreneurial journey.
• Corey's company has a significant marketing budget, spending approximately $50,000 to $60,000 per month, which equates to about 15% of their total revenue. This substantial investment highlights their commitment to consistent lead generation.

KEY TALKING POINTS:

0:00 - An Overview of Corey Reyment’s Business

1:19 - Why He Likes Wholesaling Better Than Flipping & His First Deal

3:13 - What He Makes Now On An Average Wholesale Deal

5:37 - Corey’s Approach To Marketing

8:46 - What He Was Trying To Accomplish When He Started His Business

10:38 - The Mindset That Allowed Him To Grow His Business & His Hiring Process

15:41 - The Lowest Lows And The Highest Highs He’s Had In His Business

19:26 - The Transformation Of DealMachine

20:56 - Is It Too Late To Invest In Real Estate?

23:49 - The Data That Corey Would Love But Can’t Find

26:11 - What Corey’s Looking Forward To Most In 2025

29:21 - How He Found His First Wholesale Deal So Quickly

30:16 - How Corey Would Tell Dave Ramsay That Debt Is Good

35:36 - Outro

LINKS:

Instagram: Corey Reyment

https://www.instagram.com/foxcities_homebuyers/

Website: Corey Reyment

https://www.foxcitieshomebuyers.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/