324: How Corey Hit $3.2M From Wholesale Deals

Listen to this episode from The DealMachine Real Estate Investing Podcast on Spotify. Are you overwhelmed by the challenges of scaling your wholesaling operation and building a reliable team? In this episode, we dive into the journey of Corey Reyment, who started in 2016 and has since completed 800 to 1,000 wholesale deals. Corey will share his insights on overcoming hiring pitfalls and developing effective marketing strategies, revealing how he built a business that now closes a significant volume of deals and averages around $23,000 per wholesale transaction. Learn actionable steps to streamline your growth and avoid costly mistakes from someone who has achieved substantial success in the wholesaling industry. Here are three more impressive things about Corey Reyment that weren't mentioned in the intro:Corey quickly transitioned into wholesaling, completing his first wholesale deal just four days after purchasing his first rental property in 2016. This demonstrates his rapid entry and early success in the wholesaling business.His motivation for starting his business was driven by a desire to escape an unfulfilling job and gain more time with his family. This personal drive and clear "intensity" fueled his entrepreneurial journey.Corey's company has a significant marketing budget, spending approximately $50,000 to $60,000 per month, which equates to about 15% of their total revenue. This substantial investment highlights their commitment to consistent lead generation. KEY TALKING POINTS:0:00 - An Overview of Corey Reyment’s Business1:19 - Why He Likes Wholesaling Better Than Flipping & His First Deal3:13 - What He Makes Now On An Average Wholesale Deal5:37 - Corey’s Approach To Marketing8:46 - What He Was Trying To Accomplish When He Started His Business10:38 - The Mindset That Allowed Him To Grow His Business & His Hiring Process15:41 - The Lowest Lows And The Highest Highs He’s Had In His Business19:26 - The Transformation Of DealMachine20:56 - Is It Too Late To Invest In Real Estate?23:49 - The Data That Corey Would Love But Can’t Find26:11 - What Corey’s Looking Forward To Most In 202529:21 - How He Found His First Wholesale Deal So Quickly30:16 - How Corey Would Tell Dave Ramsay That Debt Is Good35:36 - Outro LINKS:Instagram: Corey Reymenthttps://www.instagram.com/foxcities_homebuyers/ Website: Corey Reymenthttps://www.foxcitieshomebuyers.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/