Episode 75: David Dodge Ultimate Investing Tips and Strategies

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Real Estate Investing Profits Master Series with Cory Boatright

Business


Keep the best and sell the rest. That’s the motto of David Dodge, a killer wholesaler from St. Louis. He’s on the show today dropping some real nuggets for real estate investors of all kinds. David is on fire right now, doing wholesales, fix and flips, and he just published his first book. Tune in now to catch this guy while you can, because his real estate investments are really about to take off! David then started renting properties out early on but quickly realized there’s a better way to do this business. That’s where the inspiration for David’s real estate investment strategy came from, and it’s really evolved over the past decade. You’ll want to pay attention to how David developed his profit master strategy. He’s professionally cherrypicking the wholesale properties that fit in with his goals and he’s spending the rest of his time honing in on what he calls the BRRR strategy. This BRRR strategy David breaks down today is something banks love, too. We’re not talking about big banks here. In fact, David prefers to have his property loans with a few of his favorite banks rather than just one or two. He shares why other real estate investors should be jumping on this trend, and delves further into why he’s using private lender funds to invest in his wholesale properties.  Remember - none of David’s success happened overnight. He took the time to invest in his education through books and mentorships in order to get to the point he is today. David shares where this consistent motivation comes from, but I want you to remember that it starts right here. The challenge for you is to apply the golden nuggets you learn today to your own business and your own profit master strategy to see what works.  "If you’re in real estate long enough, you’re guaranteed to create some wealth. - David" MINUTE MARKERS 2:44 - Here’s the man: David Dodge 3:25 - David’s got his new book sitting right next to him 5:05 - What’s David’s focus in real estate investing? 8:18 - Something changed five years ago that changed David’s path 11:10 - Did college influence David’s real estate strategy? 15:15 - What’s David’s business motto? 18:34 - David breaks down his profit master strategy  22:32 - Have you ever heard of the BRRRR Strategy? 27:00 - Why portfolio lending with smaller banks is better 32:13 - What books inspired David the most? 37:39 - David’s got a couple of motivational quotes 43:45 - David’s favorite mobile apps 44:20 - How important is a good dashboard? 48:05 - A few apps and sites that can help you develop a dashboard  49:42 - The greatest lesson David learned in wholesaling  51:17 - The only 2 things that matter about CRMs: Notes and Tasks 54:30 - What’s the “perfect seller appointment”? 56:33 - How to use Tasks the right way in the CRM  58:18 - David’s true definition of “wholesaling” 59:30 - Does David get 8 hours of sleep every night? 59:46 - What’s David’s morning routine? 1:01:46 - David lays out the whole team that’s rocking the St. Louis market right now 1:05:22 - Why (and how) is David using private lenders? 1:11:21 - What does the wholesale market look like in St. Louis? 1:13:37 - What is David most grateful for? 1:19:55 - How do the things and words you say affect your mood? 1:24:47 - How many coaches has David used in his career? 1:27:50 - Why David isn’t afraid of taxes anymore 1:29:18 - David is rocking radio advertising right now in St. Louis 1:35:30 - Where can you get your hands on David’s book: The Ultimate Guide to Wholesaling Real Estate? 1:36:49 - Connect with David on Facebook and Instagram Wholesaling is so easy. Human beings make it difficult. - David Links and Resources HouseSoldEasy.com The Ultimate Guide to Wholesaling Real Estate: Learn How to Buy Properties at a Discount Discount Property Investor podcast Joe McCall Chris Arnold Steve Trang  Rich Dad, Poor Dad The Real Estate Wholesaling Bible  Relentless  Klipfolio Dropbox REI BlackBook Podio Cyfe ThinkUp Ask Cory A Question Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally. Who Do You Want To Hear From? Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I’ll do my best to get them on. Did You Get Your FREE Investing Guide? TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide! JOIN The Elite Real Estate Investor’s Board of Directors http://JoinMyMastermind.com Connect Here Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.