From Zero to $24K: Cody Hofhine’s Game-Changing First Deal with Cody Hofhine
Release Date: 10/15/2024
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The Flipping Profit Lie No One Talks About!
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Wondering if that property you found is actually a deal? In this episode, I walk you through my go-to process for comping properties—step by step, using nothing more than Zillow. Whether you’re a seasoned investor or just starting your wholesaling journey, knowing how to evaluate a property’s ARV (After Repair Value) is absolutely essential. I break down how we analyze deals every day with our partners, what tools we use (both free and paid), and how we handle the many variables that make real estate comping more of an art than a science. From square footage to corner lots and...
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The Steps to Getting Your Flip Renovation Started
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Welcome back, deal finders! In today’s Deal Finders episode, we’re diving deep into one of the most critical phases of the flip process: getting your renovation off the ground. Whether you’re flipping your first property or your tenth, this episode will give you the foundation and strategy to set your renovation up for success—and protect your profit in the process. I walk you through the systems we’ve developed over years of experience (and plenty of trial and error) to help you stay on budget, manage contractors, and avoid costly surprises. Plus, I break down three different...
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The 4 F’s of Flipping Properties: Find it, Fund it, Fix it, Flip it
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Flipping houses might look glamorous on TV, but the real magic happens long before the first hammer swing—it starts with choosing the right property. In this episode, I break down the essential first step of a successful flip: how to find the right deal in the right market with the right numbers. Whether you’re brand new to real estate or ready to scale up your flipping business, this episode gives you a clear, strategic approach to buying smart and setting yourself up for profit. I’ll walk you through how to use local market data to guide your decisions, what property types...
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Are Online Leads Cheaper Than Cold Calling? with Brandon Bateman
REI Deal Finders
In this episode of the Deal Finders Podcast, we sit down with Brandon Bateman, founder of Bateman Collective, to dive into the power of digital marketing for real estate investors. With years of experience managing millions of dollars in ad spend, Brandon shares expert insights into generating high-quality leads through pay-per-click (PPC), SEO, and social media advertising. We discuss the importance of data-driven marketing, how to evaluate a marketing agency, and the biggest mistakes investors make when running their own ads. Brandon also explains why traditional marketing...
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Motivated Seller Negotiation Tools to Close More Deals
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Negotiating with sellers isn’t just about numbers—it’s about understanding people, their motivations, and how to create win-win situations. In this episode, we dive deep into the art of talking to sellers, uncovering their true needs, and structuring deals that work for everyone involved. We discuss the importance of empathy, the power of open-ended questions, and how to avoid common negotiation mistakes that can cost you deals. You’ll also learn about essential deal-making strategies, including the “mirror technique” for building rapport, how to determine the right offer price,...
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Are you ready to break into real estate investing but unsure where to start? In this episode, we’re busting the biggest myths holding people back and diving deep into the three types of income streams you can build in real estate. Whether you’re looking to make quick cash, create long-term wealth, or have your money work for you, this episode is packed with insights to help you move forward. We’ll cover why wholesaling is evolving, how to navigate legal changes in the industry, and the power of deal-finding partnerships. Plus, I’ll walk you through a simple exercise to...
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The 6 Free Ways to Find Deals in Your Market
REI Deal Finders
What if I told you there were six methods you could start using today—without spending a dime—to find great real estate deals in your local market? In this episode, I break down the Wide FAN Method, a powerful strategy that real estate investors can use to uncover discounted properties and create win-win solutions for sellers and buyers alike. We dive into six key deal-finding techniques, including working with wholesalers, tapping into influential industry professionals, leveraging social media, and more. Plus, I’m giving you clear action steps for each method so you can...
info_outlineIn this exciting episode of the Deal Finders Podcast, we sit down with Cody Hofhine, a real estate powerhouse who has closed hundreds of deals and coached thousands of others to do the same. Cody shares his incredible journey from struggling insurance agent to a thriving real estate investor, kicking off with a life-changing $24,000 wholesale deal. You’ll hear about the pivotal moments that pushed him into real estate, his philosophy of cutting excuses and tripling down on action, and how he built a repeatable system that has taken his business to new heights.
Cody doesn’t just stop at his own success; he discusses his passion for mentoring others and shares tips on how to get started in real estate, even if you have zero experience or funding. This episode is packed with actionable insights on taking imperfect action, leveraging local experts, and scaling your real estate business to seven figures and beyond. Whether you’re new to real estate or looking to expand your operations, this conversation is a goldmine of information.
Episode Highlights:
[0:00] - Introduction
[1:30] - Cody’s background: From selling insurance to co-founding Wholesaling Inc.
[4:45] - The life-changing moment that led Cody into real estate investing.
[7:50] - Cody’s first wholesale deal: How he turned a $24,000 profit and changed his life.
[14:00] - Why you should always bring in an experienced mentor for your first deal.
[20:15] - How Cody scaled his business and why franchising became a game changer.
[25:30] - Personal development’s role in business success: Cody’s advice for cutting excuses and taking action.
[30:00] - Final thoughts: Why your next deal could be right in your backyard.
If you enjoyed this episode, be sure to subscribe, rate, and leave a review. Don’t forget to share it with anyone who could benefit from this information! See you next time!