200: He Pays You $10k To Find A Run Down House (Actual Buyer Interview)

The DealMachine Real Estate Investing Podcast

Abel buys properties from wholesalers in his area. Listen to how he flips houses so you can make money for finding him the perfect next flip.

Abel shares his experience with flipping houses and how he made $40,000 on his first flip. He explains that he was drawn to flipping for the extra income it could provide. Abel and his partner, who is also his contractor, have since flipped 45 houses and have plans to grow their business. They have raised money from family members to invest in their flips and have copied the business model of a successful hedge fund. Abel can be found on Instagram at @soldbyabel.

Key Talking Points of the Episode

00:00 Introduction

01:23 Why did Abel decide to start flipping properties?

02:46 How did Abel find his first real estate deal as an investor?

05:14 How long did it take for Abel to flip that first deal?

07:18 Why does Abel choose to go after volume?

09:47 How does Abel and his partner work on their deals?

11:17 What are Abel’s goals for his real estate business?

14:05 Why did Abel choose to do flipping over wholesaling?

15:38 How can you get in touch with Abel?

Links

Instagram: Abel Ramirez

https://www.instagram.com/soldbyabel

Instagram: David Lecko

https://www.instagram.com/dlecko

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Deal Machine

https://www.dealmachine.com/pod

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/