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The David Greene Show

Deal Analysis | 7 Figure Property - Episode 19

The David Greene Show

David Greene

Entrepreneurship, Business

5653 Ratings

🗓️ 14 November 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

Ever wondered what a seven figure deal looks like? On today’s show I interview Dawson Criddle, a wholesaler/flipper who landed a million dollar deal worth 2.2 mil! We analyze the deal and review if he should keep it, BRRRR it, or sell it-and what each option would look like. The property has foundation issues and a rehab that is very reasonable, and we cover the numbers for everything. If you’ve ever wanted to be a fly on the wall and see what real estate looks like behind the curtain, download this episode today and jump in! Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected] Investor Retreat DavidGreene24.com/retreat

Transcript

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0:00.0

What's going on, everyone? Welcome to the David Green Show, Real Talk, Real Estate. I am joined today by

0:05.2

Dawson, a home flipper in California, who's exploded his business into different areas. And we are

0:11.4

going to be analyzing a real-life deal that he got. He's going to be sharing how he got it and asking

0:16.8

for my advice on what I think he should do. So if you've ever wanted to be a fly on the wall

0:21.9

in my world or the world of a successful wholesaler, real estate investor, you've come to the right

0:27.8

place. Dawson, thanks for joining me today. Yeah, thanks for having me. Yeah, so you and I met at a

0:31.6

real estate meet up that the David Green team put together in. Was it Walnut Creek? Yeah. Fun time. And you're here to share a deal with us. So let's get into this thing. How did you find this deal? So I do a lot of direct to seller

0:42.3

marketing and the seller received one of our mailers, went on our website and gave us a ring.

0:49.2

It was actually the father-in-law of the seller who originally called me, trying to get some help for his mother-in-law.

0:56.6

All right. So you said you have a website and these people come to you, right? Tell us how that

1:00.6

thing is set up. Did you hire a company to build this website? Did you do it yourself? We hired somebody

1:04.8

to build it for us and we have an SEO company that does SEO for us monthly. Okay. So this is one of those big deals. So you get a phone call.

1:14.5

Tell me how the phone call goes when you first connect with the sellers. Yeah. So when somebody calls,

1:19.1

I just go off the four pillars of motivation, timeline, reason for selling, condition and price.

1:25.2

And I filter a lot of leads. We probably get five leads a day.

1:29.9

And if they're not somebody who hits at least one of those pillars, I'm not talking to them.

1:36.1

So when this particular seller called, they mentioned that their mother-in-law was elderly.

1:41.3

She wanted to move out. The house hadn't been renovated since the 60s, and it had

1:45.6

massive foundational damage. The garage was basically sinking. So I knew that they were a pretty

1:50.8

motivated lead. And it's interesting because I actually haven't ever been to this property. The seller

1:55.9

wanted to, they were kind of doing the due diligence process. They got her mailer. They said,

2:00.7

yeah, I want to sell in about four or five months.

...

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