Short Sales Are Back: The Forgotten Real Estate Strategy Most Investors Miss | David Randolph
The A Game Podcast: Real Estate Investing For Entrepreneurs
Nick Lamagna
5.0 • 101 Ratings
🗓️ 18 May 2026
⏱️ 45 minutes
🧾️ Download transcript
Summary
What if everything you thought you knew about short sales was dead wrong?
Join Nick Lamagna on The A Game Podcast: Real Estate Investing For Entrepreneurs for a masterclass with one of the most knowledgeable and exciting guests we've had on the show - David Randolph, a real estate investor, educator, and hard money lender who has spent over 15 years cracking the code on one of the most misunderstood strategies in real estate - short sales.
This isn't just a conversation about buying houses - it's a deep dive into how to find hidden deals, negotiate directly with banks, and build real wealth in any market.
Whether you're a brand new investor, an experienced rehabber, or someone looking to put your retirement account to work, the strategies in this episode will change the way you look at distressed real estate forever.
He is the founder of Short Sale Prophets, a coaching program helping investors across the country build wealth using his three core principles - Procedures, Profits, and People. He retired at 42 from a successful corporate career, homeschooled his kids, and after one three-day seminar made a decision that changed everything!
You will want to hear his incredible story of how he went from chemical engineering to cracking the short sale code and building a fortune one deal at a time!
While most investors are chasing deals on the MLS, David shares rare insight into:
✅ Why the most common definition of a short sale is completely wrong
✅ How to find motivated sellers using FREE public records - no paid lists needed
✅ Why banks are in desperation mode RIGHT NOW and accepting massive discounts
✅ How to stop a foreclosure and take control of the timeline
✅ The truth about deficiency judgments and the tax trap most investors ignore
✅ How to use your IRA or retirement account to become the lender and earn strong returns + more
See the show notes to connect with all things David Randolph!
Connect with David:
Connect with Short Sale Prophets:
thedavidrandolph.com/short-sale-prophets/
Text INTRO to 636-685-2990 for David's FREE monthly 2-hour live Zoom short sale workshop
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Connect with Nick Lamagna
Transcript
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| 0:00.0 | Welcome to the A-game podcast with Nick La Mania, digging into the minds and experiences of some of today's brightest entrepreneurs in real estate and business, |
| 0:23.6 | along with Hollywood stars, UFC fighters, and your favorite rock bands. |
| 0:27.6 | People that have figured out how to overcome obstacles, take chances, live boldly, |
| 0:32.6 | and no matter what they do, they always bring their A-game. |
| 0:51.3 | Welcome back to the A-game podcast, Real Estate Investing for Entrepreneurs, where we show average people every day that they can achieve the extraordinary things. And if you go back in the archives, we have about 400 episodes of the best brightest and most successful people. In Jiu-Jitsu fighting, business, real estate, stocks, crypto, you name it. We have somebody for whatever journey you want to be on. That shows you exactly how they achieve personal and financial success and how you can avoid the mistakes along the way. And this episode is no different. We have the David Randolph today, |
| 1:28.3 | who is going to de-mistify and gets you excited again about short sales. He is the short sale king. He's been doing these for years and years and years and years and years in one market. And he's got students all over the country that are absolutely crushing it right now. I've done a bunch of short sales. And some of the stuff he told me today, I was like, wow, man, I actually didn't know this. and I was wrong about this and this changed. And he has got me excited again about short sales |
| 1:30.4 | and that is a great... And some of the stuff he told me today, I was like, wow, man, I actually didn't know this. And I was wrong about this. And this changed. |
| 1:28.3 | And he has got me excited to get about short sales. |
| 1:30.3 | And that is a great tool. |
| 1:31.3 | You need your real estate tool belt, even to get your own home. |
| 1:34.3 | It sounds like a great thing that you might be able to do. |
| 1:36.3 | When you know the right procedures, you know how to work with the banks, and you don't assume things that maybe other people assume. There's some really good problems to be made and some really good opportunities now and in the future in short sales. So listen to him because this becomes just like a masterclass. I just hammer them out with questions that I was curious about and he gives really good answers. So this is a very good information of little a masterclass in short sale investing. And then he talks about how to actually be the lender afterwards. You make the money and then you lend it out to other people and some safe ways to do that and make some great returns. So definitely make sure you listen. And of course, the only fee for these amazing guests on this amazing podcast is to just subscribe. Please take a second and subscribe. If you can't find the A Game podcast Real Estate Investing for Entrepreneurs on Spotify, on YouTube or an Apple podcast or wherever you listen to them, just go to nicknicknick.com |
| 2:20.9 | slash link. podcast, Real Estate Investing for Entrepreneurs on Spotify, on YouTube, or on Apple Podcast, |
| 2:17.9 | or wherever you listen to them, just go to nick, nick, nick.com slash links. That is, nick, nick, nick. Nick.com slash links, L-I-N-K-S. And just take a second, you'll see it all there as well as our social media. And the way that David knows he bought some great value to you guys is for you guys to please Follow us on social media and then interact with the clips. |
| 2:35.4 | Whether you comment on YouTube, Instagram, Facebook, doesn't matter. bought some great value to you guys is for you guys to please follow us on social media and then |
| 2:34.3 | interact with the clips whether you come out on youtube instagram facebook doesn't matter he needs to see that he gave you guys value and you support him by interacting with the clips I post from the show and then he tells other great people to come on and give you guys some great information too and of course the big thing here is I want to do some deals together whether you would like to buy real estate from me, sell real estate to me, or find a way to partner up on a deal, |
| 2:53.8 | or shoot me a DM with the words. And of course, the big thing here is I want to do some deals together. Whether you would like to buy real estate from me, sell real estate to me, or find a way |
| 2:52.7 | to partner up on a deal, or shoot me a DM with the words real estate on any of my social media. You guys are great. Thank you so much for supporting the A Game podcast. Thank you so much for following me on social media. The A Game podcast doesn't have its own social media, so follow us on that. And of course, I'm looking forward to meeting you guys and doing deals with you in your future. |
| 3:07.8 | Go out there and do some short sales, do some short sales, do some research, invest in real estate, change your dreams, change your life, a game podcast, ladies and gentlemen. Have a great day. All right, my guest today is an entrepreneur, a real estate investor and educator fighting out of Missouri. You started out on the path of chemical engineering and computer science. the one to short himself on getting more out of life and found a fortune in short sales as he turns his sites into real estate investing. |
| 3:32.0 | He has been in the game over 15 years and started as many of us do in a classroom, in a ballroom, |
| 3:36.0 | and invested in himself in his education, and has done it all from flipping to rentals to creative finance |
| 3:41.2 | and now even lends money out of his retirement to other investors and take some of his long-term |
... |
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