In this podcast, Kristen Allen shares her inspiring success story in real estate wholesaling. She discusses her journey as a probate investor, from overcoming hesitation to consistently working leads, which led to closing a profitable deal. Kristen shares details of a house flipping venture where she recouped her $36,000 investment and netted a $30,000 profit, totaling $73,000 in revenue.

She emphasizes the importance of building rapport with sellers and shares how she secured a deal by offering additional assistance. Kristen also discusses a successful house flip in Chesapeake, Virginia, where she partnered with a joint venture investor to purchase, renovate, and sell a distressed property for a profit of $33,000 in just two and a half months.

Throughout the podcast, Kristen highlights the importance of preparation, building relationships, trust, and persistence in real estate investing. She offers valuable advice for new investors, encouraging them to stay positive mentally and be prepared with paperwork and outside partners.

Key Takeaways:

• Kristen Allen's real estate wholesaling success: hard work pays off.

• Building rapport and offering assistance seals deals

• House flip: $73,000 revenue, $30,000 profit after investment

• Acting fast on referrals and joint ventures speeds up processes.

• Handling surprises like bedbugs, negotiating price reductions. • Partnering with joint venture investors for distressed properties.

• House flips benefit sellers, investors, contractors, agents, and buyers.

Check out our Real Estate Skool: www.reiskool.com

Join host David Dodge in this episode of the Discount Property Investor podcast as he welcomes Aaron Eller, a successful real estate investor and one of his students, to discuss Aaron's journey in the real estate market. Aaron shares his recent achievements, including closing a deal that earned him nearly $30,000. Born and raised in St. Louis, Missouri, Aaron recounts his transition from a typical middle-class upbringing to entrepreneurship, emphasizing the importance of taking risks and seeking guidance from mentors like David. Tune in to learn about Aaron's latest deal, negotiation strategies, and insights into the world of real estate investment.

Show Notes:

• Aaron Born and raised in St. Louis, Missouri, Aaron shares his journey from a typical middle-class upbringing to exploring entrepreneurship. Dissatisfied with the corporate world after interning in finance, Aaron sought a more fulfilling path. Aaron explains his transition to real estate wholesaling after realizing the limitations of traditional investment routes like buying rentals.
• Real Estate Success at a Young Age Aaron has already closed around 10-11 deals, making significant profits. He discusses his latest deal, a distressed property he found through outreach, and the negotiation process.
• Aaron shares insights into negotiating directly with sellers, understanding their motivations, and securing profitable deals. He discusses a deal where he negotiated remotely, emphasizing the importance of effective communication.
• Lessons Learned and Advice for Aspiring Investors. Aaron and David discuss the simplicity of the real estate business and the necessity of hard work and persistence. Aaron emphasizes the importance of taking action, seeking mentorship, and learning from experiences.

Highlights

• Aaron Eller, a 21-year-old real estate enthusiast, shares his journey from working as a server at Olive Garden to closing profitable real estate deals.
• Aaron emphasizes the significance of taking risks and seeking guidance from mentors like David Dodge.
• Learn about Aaron's latest deal, where he earned nearly $30,000 through wholesaling a distressed property.
• Discover negotiation strategies and insights into real estate investment from Aaron's successful deals.
• Gain valuable advice for aspiring investors, including the importance of taking action and learning from experiences.

Join our mastermind today:

https://www.discountpropertyinvestor.com/mastermind

Welcome to Discount Property Investor Podcast, where we delve into the world of real estate investing and the crucial aspect of taxes. In today's episode, Dave and Mike dive into the world of tax strategies for real estate investors. They explore the Augusta rule, which allows tax-free rental income for personal residences, and discuss the benefits of depreciation for reducing taxable income. The duo also delve into the advantages of having an LLC, the differences between 1099 and W-2 income, and the importance of properly reporting contractor expenses using W-9s and 1099s. Join Dave and Mike as they share their insights on minimizing tax liability and maximizing the benefits of real estate investing.

Episode Highlights:

• The Importance of Tax Knowledge for Real Estate Investors

• 1099 Forms and W9s

• Learning the Rules of the Tax Game

• Maximizing Tax Efficiency

As real estate investors, mastering the tax game is essential for financial success. From issuing 1099 forms to understanding deductions, every aspect of tax compliance plays a vital role in preserving investment returns. By staying informed and seeking expert advice, investors can navigate the complexities of the tax landscape and ensure their financial well-being

▶ Checkout Prime Services https://primepartner.info/dpi

Adrian Smude got his start in real estate in 2002 when he was evicted which led him to become a landlord. After 11 years of being a hobby landlord, he discovered his passion for real estate investing by attending a real estate investor meeting. He tapped into the untapped gold-mine of mobile homes and has been following that path ever since. He is a member of three mastermind groups, including a high-level mastermind which he hosts. He is the author of the bestselling book How to Buy Mobile Homes and he travels the country teaching and sharing his secrets for success.

Connect with Adrian:

Personal Facebook: https://www.facebook.com/adrian.smude

Lifestyle REI Facebook: https://www.facebook.com/LifestyleREI

Instagram: https://www.instagram.com/lifestyle_rei

Linkedin: https://www.linkedin.com/in/adriansmude/

In this exciting episode, we sit down with Jim Manning, a seasoned real estate investor, to uncover the secrets of generating passive income like a pro. Jim shares his valuable insights on passive vs. active investing, his top three favorite methods for generating passive income in real estate, and much more.

What's inside the episode:

• Who is Jim Manning?
• Introduction to Passive Income
• Passive vs. Active Investing
• 3 Ways to Generate Passive Income in Real Estate
• The Passive wealth show

Connect with Jim

• 314-283-298
• jmanning@threedoors.com
• https://passivewealthshow.com/

Don't miss this episode if you're interested in generating passive income in the real estate market. Jim Manning's expertise and insights are sure to inspire your investment journey.

Tune in to the full episode for in-depth discussions, expert tips, and actionable advice to help you become a pro at generating passive income. Remember to subscribe, leave a review, and share with your friends who are looking to grow their wealth through real estate investing.

n this engaging episode of Discount Property Investor Podcast, join me and his friend and real estate expert, Sharad Mehta, as they dive deep into the fascinating world of real estate and explore how it has evolved since the onset of the COVID-19 pandemic. The real estate market has been one of the most dynamic and ever-changing sectors, and the impact of COVID-19 has brought about significant shifts.

Me and Sharad Mehta share their insights, experiences, and expert opinions on how the pandemic has reshaped the real estate landscape. Discover how remote work trends have influenced housing choices, why some markets have thrived while others faced challenges, and what strategies investors, buyers, and sellers can employ in this new era.

You'll gain valuable information about the changing preferences of homebuyers, the role of technology in the industry, and the importance of adaptability in today's market. Whether you're a seasoned real estate professional or simply interested in the housing market's transformation, this episode provides a comprehensive overview of the post-COVID real estate landscape. Tune in for a lively discussion, practical advice, and expert insights that will help you navigate the evolving real estate market with confidence.

Don't miss this opportunity to gain a fresh perspective on the future of real estate. Subscribe to Discount Property Investor Podcast and stay informed about the latest trends and developments in the industry. 

Check out Resimpli! resimpli.com/dave

Connect with Sharad:

Linkedin - https://www.linkedin.com/in/sharad-mehta-resimpli/

Instagram - https://www.instagram.com/resimpli/

Facebook - https://www.facebook.com/REsimpli

Ready to demystify the process of putting a house under contract in the world of real estate? Join hosts David Dodge and Michael Slane in Episode 342 of the Discount Property Investor Podcast for an insightful session titled "How to Put a House Under Contract - You Ask, We Answer!" In this episode, David and Michael address the fundamental steps and intricate details involved in securing a property under contract. Whether you're a seasoned investor looking to fine-tune your approach or a beginner seeking guidance, this episode has the answers you've been searching for.

Are you ready to take your real estate investing game to the next level? Join us in Episode 341 of the Discount Property Investor Podcast, where your hosts David Dodge and Michael Slane dive deep into the essential topic of "How to Build a Buyers List." In this episode, David and Michael draw from their extensive experience in the real estate industry to provide you with invaluable insights, strategies, and actionable steps to create and cultivate a powerful buyers list. Whether you're a seasoned investor looking to refine your approach or a newbie aiming to establish a strong foundation, this episode has something for everyone.