Podcast: Download (Duration: 37:13 — 34.3MB)
On this episode of the Investor Financing Podcast, Beau interviews Dan Austin, Collecting Keys Podcast host, as they talked about wholesaling, utilizing direct mail, owning rental properties, the Washington market, and Abundance Mastermind –a real estate coaching program.
Timestamps
[00:10] Beau introduces Dan Austin on the show and talks about his credentials
[01:04] Hottest depreciated markets for over the years
[03:35] Dan talks about how he started in real estate
[06:29] Learned BRRRR by listening to Bigger Pockets
[07:39] Started marketing direct to sellers
[08:45] Collecting Keys Podcast
[09:38] Not knowing local buyers is challenging
[10:37] Why is wholesaling the best business to be in?
[10:59] An advice from Dan of where you could see the most traction coming from to market to people
[11:30] Several ways to market to people
[14:20] Dealing with management nightmare
[14:45] Find good quality partners and work with them directly
[16:08] Where the market is pivoting, we see opportunity.
[17:30] There are no big institutional buyers in Spokane
[19:28] Abundance Mastermind –real estate coaching program
[20:08] Go buy the jump start program for people who has zero real estate knowledge
[22:14] Spending on marketing that you don’t need to
[22:22] Test and re-test, try and fail fast
[23:08] Utilizing direct mail in scaling your wholesale business
[25:30] How many letters will you need to get one deal closed?
[26:48] To start out, how much would you need to get some traction?
[31:33] Spend time learning about the market
[33:29] In some other markets, it works better where there’s a lower cost
[33:43] The opportunities that are going to arise and be present in 2023
[33:26] Pay attention to MLS and look for those unique deals
[36:00] GO to collectingkeyspodcast.com to learn more about Abundance Mastermind or follow investormandan on Instagram