534: $800K Profit On His Third Real Estate Deal Ever
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Summary
Dylan Gillies started wholesaling with zero capital, no buyers list, and a $6,000 course that produced nothing. Then he forgot he was even sending mail through DealMachine and got a call that changed everything. Now, three deals in, he is staring down a six-unit manufactured home development with $800K in projected net profit for the group, and he had to pass on a $90K assignment fee to get there. In this episode, Dylan, David, and Ryan also dig into why Ryan scaled back from 11 employees to 3, how inbound direct mail creates more leverage than cold outreach, and what most wholesalers get wrong about hiring and partnerships.
KEY TALKING POINTS:
0:00 - Intro
0:30 - Dylan Gillies' Business & First Deals
4:52 - Building A Buyers List & Other Deals
6:19 - Manufactured Homes
10:21 - The Marketing He's Doing & Being An Agent
13:18 - Mistakes He's Learned From
14:46 - Sending Direct Mail & Ryan's Structure
25:42 - Mistakes When Building A Business
31:14 - Stepping Back As An Owner
34:31 - More On Direct Mail
39:37 - Outro
LINKS:
Facebook: Dylan Gillies
https://www.facebook.com/dylan.gillies.9
Website: North Coast REI LLC
https://www.northcoastrei.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/