158: Quitting your 9-5 in under 2 years

The DealMachine Real Estate Investing Podcast

This one's for anyone who wants to build their side hustle up enough where they can quit their nine to five.

Our guests today Mike and Jae started two years ago doing wholesaling real estate, which is the proven business model that we teach you on this podcast.

Tune in to have the freedom and flexibility to do what you want, when you want, where you want, with who you want.

Key Talking Points of the Episode

00:00 Introduction

02:39 What is a lien?

03:13 How did Mike & Jae find their first wholesale deal?

04:22 Where did Mike & Jae find a buyer for their first deal?

05:08 How did Mike & Jae take advantage of social media for their wholesale deals?

07:25 Why did Mike & Jae have to renegotiate their first deal?

08:33 What was it like for Mike to renegotiate their offer?

09:17 What did Mike & Jae find out after the title report came back?

11:38 How long did it take for Mike & Jae to get their first deal done?

12:33 What does business look like for Mike & Jae today?

14:51 How is Mike & Jae using creative financing to do more deals?

17:34 How is the purchase and sale agreement different for a creative deal?

19:21 What are the wholesaler’s responsibilities in a creative deal?

20:40 Why are creative deals not ideal for new investors?

21:20 How did Mike & Jae get into doing creative deals?

22:38 What is it like for Mike & Jae to work together in business?

24:56 What are Mike & Jae’s goals for their business?

27:13 Where can you follow Mike & Jae?

Links

Podcast: 139: 7 Day Challenge To Make $10,000

https://podcasts.apple.com/us/podcast/139-7-day-challenge-to-make-%2410-000/id1667656532?i=1000652953223

Instagram: Jae Morales

https://www.instagram.com/roman.with.jae/

Instagram: Mike Scarpa

https://www.instagram.com/roman.with.mike/