Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would! And that’s exactly what David Lecko, CEO of DealMachine, suggests you do to find better real estate deals in 2025. After hundreds of calls and mailers, an extensive rehab, and two appraisals, he walked into six-figure equity on a single rental property!
Welcome back to the BiggerPockets Real Estate podcast! David has achieved financial freedom by building a real estate portfolio of nineteen cash-flowing, appreciating properties. His big secret? Buying the same property over and over in a market he knows inside out—Indianapolis, Indiana. He’ll scour tax-delinquent lists for distressed properties that fit his buy box and use the BRRRR method (buy, rehab, rent, refinance, repeat) to snowball into his next deal.
But now that David has moved to Austin, Texas, he faces a brand-new challenge—investing in real estate out of state. While most investors would hire a property manager to oversee their properties, David self-manages from hundreds of miles away and employs an assistant to be his eyes and ears. Tune in as David shares all of the details on his latest deal and the strategies investors can use to gain a competitive edge in 2025!
Dave:
If you think burrs don’t work anymore, how about making a hundred grand on a single deal here in 2024? Hey everyone, it’s Dave, and today I’m joined by David Lecko. David is a real estate investor with a portfolio that he has had for a couple years but is still actively growing in Indianapolis, and he’s also the CEO of deal machine. You may have heard him on a previous version of this episode. He was on episode eight 30 about a year ago, and today looking forward to catching up with him and what he’s been doing with his own personal portfolio because he sort of left us dangling a year ago with some big deals that he had in the works. So today he’s going to update us on some of the things he’s been doing and his…