The DealMachine Real Estate Investing Podcast

575: $40K Per Month At 19 & 21 Years Old (Here's How)

Episode Summary

Spencer and Korbin are 19 and 21 and each doing $40,000 to $100,000 a month wholesaling houses remotely.

Episode Notes

Spencer dropped out of high school with three months left, then went seven months before his first deal, a $5,000 check. He and Korbin now run fully virtual operations with delegated teams. In this episode they break down the text blasting system that reaches 300,000 sellers a month, and how their acquisition rep closes in two weeks without ever meeting a seller.

 

KEY TALKING POINTS:

0:00 - Intro & Podcast Mission

1:03 - How They Met & Got Started

2:15 - Dropping Out to Wholesale

4:14 - Seven Months to First Deal

5:23 - First $5K Deal & Parents

7:02 - Running Separate Businesses

7:55 - Trial & Error Lessons

12:04 - Finding the First Buyer

13:24 - Corbin's Formula One Decision

18:27 - Day-to-Day & Scottsdale House

19:38 - Doing Deals Remotely

22:28 - DealMachine Data & Texting Tips

26:04 - Advice for Others

28:04 - Where to Find Them

29:12 - Outro

 

LINKS:

Instagram: Korbin Gierczic

https://www.instagram.com/closedbykorb

 

Website: Sourced CRM

https://www.sourcedcrm.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/