Quitting the rat race in your 20s might sound crazy for some, but our guest today defied the impossible and proved that it’s possible to become financially free before 30! Join us for a jampacked episode with David Lecko, CEO of DealMachine and renowned investor in single-family long-term rentals.
David’s entrepreneurial venture began in 2017 when he recognized the potential of finding off-market deals and sending offers through direct mail. Overcome with the challenges of manual tracking, he created the DealMachine app, which allows investors to find off-market leads and streamline the marketing process easily. Today, DealMachine has become a must-try app for serious investors and has facilitated over 10,000 successful deals across all 50 states.
Tune in to learn how David successfully transitioned from a W2 job to a full-time commitment to real estate and how it took him three years to achieve financial freedom. We talk about the secrets behind his profitable BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deals, the key to managing hot leads, and learning how to optimize your team as a business owner and investor. Whether you are a seasoned real estate professional or a newcomer, David Lecko’s expertise makes this episode a must-listen for anyone looking for real-life success in real estate investing.
—
Watch the episode here
Listen to the podcast here
Podcast Highlights:
[3:44] David’s First Real Estate Deal
[8:24] On Choosing Ideal Roommates
[10:22] Transitioning From a W2 to Real Estate
[16:40] Unpacking David’s Profitable BRRRR Deals
[21:40] The Secret Sauce to Finding Good Deals in 2024
[26:00] On Budgeting for Direct Marketing
[26:30] Why Deal Machine Is a Gamechanger for Real Estate
[33:30] A Glimpse Into David’s Future Plans
[38:35] Best Piece of Advice
[43:00] The Problem With Diving Into Multiple Side Hustles
—
Important Links
HOSTS
Craig Curelop
📸 Instagram: https://www.instagram.com/thefiguy
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy
🏘️ Buy Real Estate: https://bit.ly/3V3QDze
Ali Garced
📸 Instagram: https://www.instagram.com/ali_the_agent/
📱Facebook: https://www.facebook.com/aligarced
💼 LinkedIn: https://www.linkedin.com/in/alexandragarced/
🖥 Website: https://www.garcedrealty.com/
GUEST
David Lecko
📸 Instagram: https://www.instagram.com/dlecko/
💼 Linkedin: https://www.linkedin.com/in/davidlecko/
💻 Website: https://www.dealmachine.com/
🎧 Youtube: https://www.youtube.com/@DavidLecko
🎙️Podcast: https://open.spotify.com/show/0hn1ZGx59ETNoOsbXWeMoe
📱Facebook: https://www.facebook.com/david.lecko/
🗣 Tiktok: https://www.tiktok.com/@davidlecko
Check out their recommendations here:
🔗 Affiliate Links
- Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
- Sign up for The FI Team’s House Hacking Intensive Workshop for First-Time Real Estate Investors in Denver here: https://thefiteam.com/workshop with the discount code ‘INVEST2FI’ for 20% off
- Check out his book recommendation here: Elon Musk by Walter Isaacson – https://a.co/d/eHC4tjo
- Check out Episode 78 of Deal Machine here – https://open.spotify.com/episode/53zeuviN05Dn0iwmxg4b1b
- Sign up for a free trial of DealMachine: https://www.dealmachine.com/pod
