17 Deals in 12 Months: How This Beginner Did It
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
The Rich Dad Company
4.1 • 3.9K Ratings
🗓️ 14 January 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
Real estate investing isn’t easy, but it’s simple—and in this episode, we dive deep into what it really takes to succeed. Join Brent Daniels and special guest Demola, an Indianapolis-based investor who’s gone from a beginner to closing 17 deals in just 12 months, generating over $146K in revenue. From his very first text campaign to scaling his business with cold callers and admins, Demola shares his unfiltered journey, the lessons he’s learned, and the myths about real estate that don’t tell the whole story.
Discover how one $34,000 deal turned things around after months of struggle, the strategies Demola uses to generate consistent leads, and why he believes lead generation is the lifeblood of any successful real estate business.
Whether you’re just starting out or looking to take your wholesaling business to the next level, this episode is packed with actionable insights, motivation, and strategies that work in today’s market.
If you’ve ever wondered how to turn cold calls into deals, how to stay consistent during the tough times, or how to build a business that generates wealth, this episode is for you. Hit play and get ready to take notes—success starts here!
Transcript
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| 0:00.0 | This is the Rich Dad Radio Show, the good news and bad news about flipping real estate. |
| 0:05.8 | Here's your host, Brent Daniels. |
| 0:10.3 | Welcome back to the Rich Dad Radio Show, where we're talking about the good news and the bad news about flipping real estate. |
| 0:17.3 | I am your host, Brent Daniels, Mr. TTP, Mr. Talk to People. And I am telling you this, |
| 0:22.6 | if I can do this business, so can you. On today's podcast, we are talking to an investor out of |
| 0:30.6 | Indianapolis, and we're going to be uncovering some of the most common myths and surprises that you're going to have to face as you start your |
| 0:39.9 | real estate journey. So here we go. Welcome to the podcast, Damola Olomu. Yes, nice to be here. |
| 0:48.9 | Nice to see you, right? So last 12 months, how many deals have you closed? |
| 0:56.1 | 17 so far. |
| 0:58.3 | 17 deals. |
| 0:59.3 | And what type of deals? |
| 1:01.0 | So assignments, mostly. |
| 1:04.7 | I have a sub two assigned. |
| 1:07.1 | Okay. |
| 1:07.2 | That is where one double close. |
| 1:09.3 | But most of my deals are assignments, typically cash, cash transactions, yeah. |
| 1:14.7 | Awesome. |
| 1:15.1 | And in what market? |
| 1:16.9 | Indianapolis and about an hour outside of Indy is where I'm at. |
| 1:22.2 | Nice. |
| 1:22.6 | And so are you, so you live in Indianapolis and do business in your backyard? |
| 1:27.6 | I leave and do business in Indianapolis. |
... |
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