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Rental Income Podcast With Dan Lane

Creative Ways to Find And Finance Rentals With Mike Del Prete (Ep 72)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Investing, Entrepreneurship, Business

4.8835 Ratings

🗓️ 26 April 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Mike shares how his background as a wholesaler has helped him find incredible deals on rentals, and how he has been able to finance them without going to banks.

Transcript

Click on a timestamp to play from that location

0:00.0

Inspiring interviews with today's top landlords. This is the Rental Income podcast. And now, Dan Lay.

0:10.0

A lot of the guests we've had on this podcast have kind of gotten the traditional route of building their portfolio.

0:16.1

They've used realtors to find the properties and banks to finance them. But my guest today has a totally

0:23.2

different approach. He's using a lot of creative ways to both find properties and to finance them.

0:29.4

And he's done a really great job. He's built a portfolio of 16 rentals over the last couple

0:35.2

years. And I want to kind of figure out what he's doing to

0:39.1

build this portfolio. Joining me on the show is Mike Delprete from Phoenix. Mike, welcome to the show.

0:45.9

Why don't we start with you telling us a little bit about yourself and how you got started in

0:50.3

real estate. For sure. And first off, Dan, thank you for having me. I'm excited to be here.

0:56.3

Definitely be happy to tell you about myself, Mike Delprey here at Phoenix. My company is WeHeart

1:01.2

Houses. And right now, I started off mainly wholesaling is how I started my career off. I've been

1:08.1

doing that. I did over 200 deals in less than five years,

1:11.9

just other people's money, other people's credit. And then I started transitioning into

1:17.7

buy and hold where the wealth is and I think where the freedom is and where I'm going to get

1:24.9

more time to spend with my family. So I'm just want to share my story and what I've learned and give back because

1:32.0

mentors help me get to where I am.

1:35.6

So I feel I just want to share that.

1:38.1

Awesome.

1:39.0

Well, before we get into your story, why don't, for anyone that doesn't know, why don't

1:43.0

you just explain how wholesaling

1:44.8

works? I think this is an interesting way for people to get started in real estate.

1:50.9

Yes. I think it's the best way to get started. You're pretty much finding value in the marketplace

...

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