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830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko

830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko

FromBiggerPockets Real Estate Podcast


830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko

FromBiggerPockets Real Estate Podcast

ratings:
Length:
65 minutes
Released:
Oct 12, 2023
Format:
Podcast episode

Description

Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too!
David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he’d have to mimic his boss’ path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions.
In today’s episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today’s tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away!
In This Episode We Cover:
How to reach financial freedom in just a couple of years by buying off-market real estate 
Driving for dollars and using this strategy to find massively underpriced deals
Outsourcing your deal finding so you can drive less and make more money
Building your off-market deal list and how many houses it’ll take to get your first payday 
To BRRRR or not to BRRRR and why NO cash flow isn’t always a bad thing 
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Davids's BiggerPockets Profile
David's Instagram
Subscribe to David’s YouTube Channel
Join David’s Spartan League
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
BiggerPockets Podcast 731 with Brent Daniels
BiggerPockets Podcast 781 on Finding Off-Market Deals
BiggerPockets Podcast 663 with Pitch Anything Part 1
BiggerPockets Podcast 664 with Pitch Anything Part 2
Real Estate Rookie Podcast 241 with Sahleem Lee
Books Mentioned in the Show
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Pillars of Wealth by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
Connect with David:
David's BiggerPockets Profile
DealMachine
David's Instagram
David's Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830
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Released:
Oct 12, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.