Wealth Juice | Real Estate, Personal Finance, Investing

A Cheat Code to Getting More Deals in 2024 with DealMachine Founder David Lecko

Episode Summary

This week’s episode features an interview with David Lecko, founder and CEO of DealMachine, the highest-rated mobile app to help real estate investors find off-market deals. David is a real estate investor based in Austin, TX and co-hosts the DealMachine Real Estate Investing Podcast, which helps listeners start their journey to financial freedom through real estate.    He created DealMachine back in 2017 when he was new to real estate investing himself. 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 failed to follow up with his leads. He knew he needed a solution to automate the process. So, he used his tech background to write the first line of code that became DealMachine. Shortly after, he acquired his first rental property through driving for dollars and went on to build a $2 million rental portfolio with the DealMachine app.    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.

Episode Notes

This week’s episode features an interview with David Lecko, founder and CEO of DealMachine, the highest-rated mobile app to help real estate investors find off-market deals. David is a real estate investor based in Austin, TX and co-hosts the DealMachine Real Estate Investing Podcast, which helps listeners start their journey to financial freedom through real estate. 

 

He created DealMachine back in 2017 when he was new to real estate investing himself. 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 failed to follow up with his leads. He knew he needed a solution to automate the process. So, he used his tech background to write the first line of code that became DealMachine. Shortly after, he acquired his first rental property through driving for dollars and went on to build a $2 million rental portfolio with the DealMachine app. 

 

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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Previous Guests on The Weekly Juice Podcast include: 

Brandon TurnerTarek El-Moussa, David GreeneTony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” CarsonHeather Blankenship, Tim BratzJ. ScottMatt FairclothMichael Elefante, Devon Kennard, Paula PantJake Harris, and Avery Carl

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This episode is brought to you by RentRedi. We get asked all the time how we manage our real estate portfolio while still having W2 jobs. Our secret is RentRedi. This all-inclusive property management software can do it all. It helps us with rent collection, accounting, tenant screening, maintenance requests, marketing, tenant communication and much more. To get more of your time back and streamline your rental portfolio with RentRedi, make sure to use promo code “WEEKLYJUICE” to receive 50% off any plan. 

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Disclaimer: The information provided in this podcast is for informational purposes only and should not be considered as financial advice. The content of this podcast is based on the personal opinions and experiences of the speakers, and it is important to do your own research and seek professional advice before making any financial decisions. Investing in financial markets involves risk, and you should be aware of the potential for loss. Always consult with a qualified financial advisor or professional before making any investment decisions. Remember, the opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the views of any organizations they are affiliated with.