W.L.E.R.E #50: 60k In Debt & He Risked The Rest To Wholesale with David Dodge

In today's episode, we have David Dodge a St. Louis Real Estate Investor with over 17 years of experience.

David gives a lot including how he uses the wholesale income to build his 100 door portfolio. For him, wholesaling is a marketing game, you have to understand the need to do marketing to get people to ring your phone in all wholesaling and how we can have a unique look at it because wholesaling is to provide liquidity to the marketplace.

He first started investing in Real Estate when he was in college, at the age of 20 while attending the University of Missouri-Columbia.  David specializes in wholesaling real estate as well as teaching others how easy it is to learn how they too can wholesale Real Estate for huge profits. 

David and his team have wholesaled over 600 houses to date and his company “House Sold Easy” averages about 8-10 wholesales a month.

David also loves to fix-and-flip properties as well as add properties to his rental portfolio.  

David has over 50 rentals currently and he has a goal to take his rental portfolio to over 150 properties in the next 24-36 months.

Make sure to listen to the full episode as he provides us actionable tips and key metrics that will help you along your journey!

 

𝐊𝐄𝐘 𝐓𝐀𝐊𝐄𝐀𝐖𝐀𝐘𝐒:

3:25 David got started early with house hacks in college  12:50 Wholesaling is a marketing business 13:50 4 months without a deal with a coach closed 2 deals in 1st month 17:29 Look at what you’re building not where you are now 19:20 Wholesalers provide liquidity to the marketplace 21:35 David’s psychological perspective when dealing with sellers 25:21 David’s most effective marketing strategy currently is radio. The highest ROI is cold calling and text 28:08 The biggest mistake is trying too many marketing strategies 29:15 $100,000+ deal from driving from dollars 33:49 Wholesaling is a job, so David uses the BRRRR method  35:35 Listen to David’s goal it’s not what you think 42:25 2 Types of marketing: Hunting & Fishing 46:30 Marketing is an expense in the beginning 47:20 4-6 months from contract to close 55:49 David’s explanation of the wholesale process 57:50 How to use your Inspection Period 59:10 How to strategically make your offer

Tweetable Quotes:

"𝐖𝐡𝐨𝐥𝐞𝐬𝐚𝐥𝐢𝐧𝐠 𝐢𝐬 𝐯𝐞𝐫𝐲 𝐬𝐢𝐦𝐩𝐥𝐞, 𝐭𝐡𝐞𝐲 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞." - David Dodge >Tweet This<      

𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐃𝐚𝐯𝐢𝐝 𝐃𝐨𝐝𝐠𝐞 𝐚𝐭:

Podcast: 

Instagram:  

YouTube: 

 

Additional Resources: 

Free Couse on Wholesaling Real Estate:   http://freewholesalecourse.com Free Blueprint – Wholesaling Blueprint: http://freewholesaleblueprint.com Book -> The Ultimate Guide to Wholesaling Real Estate:  https://amzn.to/2MyYgxo Book -> The BRRRR Method:  https://amzn.to/3g7OWMN

 

 

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Enjoy the Real Estate Journey!

In today's episode, we have David Dodge a St. Louis Real Estate Investor with over 17 years of experience.

David gives a lot including how he uses the wholesale income to build his 100 door portfolio. For him, wholesaling is a marketing game, you have to understand the need to do marketing to get people to ring your phone in all wholesaling and how we can have a unique look at it because wholesaling is to provide liquidity to the marketplace.

He first started investing in Real Estate when he was in college, at the age of 20 while attending the University of Missouri-Columbia.  David specializes in wholesaling real estate as well as teaching others how easy it is to learn how they too can wholesale Real Estate for huge profits. 

David and his team have wholesaled over 600 houses to date and his company “House Sold Easy” averages about 8-10 wholesales a month.

David also loves to fix-and-flip properties as well as add properties to his rental portfolio.  

David has over 50 rentals currently and he has a goal to take his rental portfolio to over 150 properties in the next 24-36 months.

Make sure to listen to the full episode as he provides us actionable tips and key metrics that will help you along your journey!

 

𝐊𝐄𝐘 𝐓𝐀𝐊𝐄𝐀𝐖𝐀𝐘𝐒:

3:25 David got started early with house hacks in college  12:50 Wholesaling is a marketing business 13:50 4 months without a deal with a coach closed 2 deals in 1st month 17:29 Look at what you’re building not where you are now 19:20 Wholesalers provide liquidity to the marketplace 21:35 David’s psychological perspective when dealing with sellers 25:21 David’s most effective marketing strategy currently is radio. The highest ROI is cold calling and text 28:08 The biggest mistake is trying too many marketing strategies 29:15 $100,000+ deal from driving from dollars 33:49 Wholesaling is a job, so David uses the BRRRR method  35:35 Listen to David’s goal it’s not what you think 42:25 2 Types of marketing: Hunting & Fishing 46:30 Marketing is an expense in the beginning 47:20 4-6 months from contract to close 55:49 David’s explanation of the wholesale process 57:50 How to use your Inspection Period 59:10 How to strategically make your offer

Tweetable Quotes:

"𝐖𝐡𝐨𝐥𝐞𝐬𝐚𝐥𝐢𝐧𝐠 𝐢𝐬 𝐯𝐞𝐫𝐲 𝐬𝐢𝐦𝐩𝐥𝐞, 𝐭𝐡𝐞𝐲 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞." - David Dodge >Tweet This