27 May Rentals From $7K To $1.6MM
In today’s episode, a true real estate maverick joins us from Austin, Texas. Get ready to be inspired by David Lecko, the Founder and CEO of DealMachine. David is here to share his extraordinary journey of turning a humble $7,000 investment into a remarkable $1.6 million rentals portfolio. As the head of DealMachine, a platform that has facilitated over 10,000 successful deals across all 50 states, David’s expertise is unparalleled. Join us as we dive into the strategies, challenges, and pivotal moments that propelled him to such incredible success. Whether you’re a novice investor or a seasoned pro, this episode is packed with invaluable insights to help you elevate your own real estate ventures. Here’s David Lecko as he takes us on a captivating journey through the world of real estate investing.
Rentals From $7K To $1.6MM | Video Replay
Rentals From $7K To $1.6MM
David Lecko is the founder and CEO of DealMachine, the highest-rated mobile app to help real estate investors find off-market deals.
David created DealMachine in 2017 when he was new to real estate investing. He knew from reading that the best way to find off-market deals was to go driving for dollars and send direct mail. He drove around, manually wrote down the addresses of distressed properties, and sent mail to the addresses he wrote down. One day, he realized he missed out on a deal because he had failed to follow up with his leads. He knew he needed a solution to automate the process. So he wrote the first line of code that became DealMachine. Shortly after, he acquired his first rental property by driving for dollars and went on to build a $2 million rental portfolio with the DealMachine app.
David also co-hosts the DealMachine Real Estate Investing Podcast, which helps listeners start their journey to financial freedom through real estate.
When he’s not leading DealMachine or out driving for dollars, you might find David surfing, doing laps on the racetrack, or hanging out with his cats, George and Winston.
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Rentals From $7K To $1.6MM
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About Steve Trang
Steve Trang (https://www.stevetrang.com) is the founder of Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has grown to tens of thousands of followers, with new community members sharing their success stories every week.
Steve also created the OfferFast Homes app. The app aims to help wholesalers jump-start their careers faster by putting all buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling.
Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. It’s essentially one of the core values Steve lives by.
Since starting Stunning Homes Realty in 2013, the brokerage has had over 130 agents. SHR has an almost 1% market share in the Greater Phoenix Area and sells one out of every 137 homes in the Phoenix Metro (https://www.stunninghomesrealty.com).