Episode 220: Overcoming Analysis Paralysis
Dan Lok Show
Dan Lok
4.9 • 824 Ratings
🗓️ 26 September 2020
⏱️ 31 minutes
🧾️ Download transcript
Summary
You don’t need to know everything before starting out, making mistakes is fine you can learn as you go. In this episode of DPI Podcast David Dodge and Mike Slane will talk about analysis paralysis, a psychological problem that stops people who wants to be a Real Estate wholesaler, from Wholesaling in Real Estate . Let us join David and Mike as they teach people how to overcame analysis paralysis.
Transcript
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| 0:00.0 | Welcome back to the Discount Property Investor Podcast. Our mission is to share what we have learned from our experience and the experience of others to help you make more money investing like a pro. |
| 0:15.1 | We want to teach you how to create wealth by investing in real estate the discount property investor way. |
| 0:21.2 | To jumpstart your real estate investing career, visit free wholesalecourse.com, the most |
| 0:26.8 | complete free course on wholesaling real estate ever. |
| 0:30.1 | Thanks for tuning in. |
| 0:32.5 | All right, I think we can all agree that every new investor struggles with the same issues. |
| 0:38.7 | One of those issues is finding motivated sellers. |
| 0:43.1 | Yes, this is probably the number one problem that I hear. |
| 0:46.7 | Dave, how do I locate motivated sellers so I can wholesale properties for huge profits? |
| 0:53.4 | Well, not to worry. One of my favorite ways to locate |
| 0:57.1 | motivated sellers is by driving for dollars. When I drive for dollars and I do it several times |
| 1:03.6 | a week, I like using the deal machine app. Why? Because it's my favorite app and it makes |
| 1:09.3 | driving four dollars super easy and fun. |
| 1:12.9 | How does it work? |
| 1:13.9 | You're probably asking. |
| 1:14.7 | Well, as you're driving around looking for properties that are distressed, like, for example, tall grass, broken or boarded up windows in need of major landscaping, broken down cars in the driveway, tarps on the roof or just roofs that look really |
| 1:29.4 | old, gutters falling off, paint chipping away, or peeling, or anything else that would lead |
| 1:36.2 | you to believe that the house or the seller is distressed. This app helps you keep track of the |
| 1:43.4 | addresses so you can plot several of these properties |
| 1:47.0 | from your phone all while driving. |
| 1:51.0 | Furthermore, this app has the ability to send direct mail to these property owners and you |
| 1:56.0 | can even skip trace these owners in real time and call and text them while you are in front of their |
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