The DealMachine Real Estate Investing Podcast

587: Wholesaling Houses In Their Early 20s (Here's What's Working)

Episode Summary

Two wholesalers in their early 20s break down how they keep Chicago deals alive and closing.

Episode Notes

Wholesaling real estate in Chicago takes more moving pieces than most markets, and AJ Fattori and Charlie Pyles have built a business on it in their early 20s. They break down the escrow holdback that keeps a deal alive when a seller can't move out, and why they keep three to five buyers on speed dial instead of a list of a thousand. They also get honest about blowing through the money early on and worrying about rent while deals were closing.

KEY TALKING POINTS:

0:00 - Intro

1:30 - How AJ & Charlie Started

4:53 - Their First Flip

5:56 - Funding the Deal

8:52 - Escrow Holdback Explained

14:11 - Finding the Deal & Motivation

18:21 - Building Trust With Sellers

21:24 - Building a Buyers List

25:07 - Speed & Title Work

27:16 - Scariest Moments & Money Lessons

32:42 - Advice for New Wholesalers

37:13 - Wrap-Up & Where to Find Them

37:55 - Outro

LINKS:

Instagram: AJ Fattori

https://www.instagram.com/ajfattori/

Instagram: Charlie Pyles

https://www.instagram.com/charliee.pyles/

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/