For the past 15 years, David has rehabbed 5–10 houses a year, and every renovated home listed under $265K on the MLS has sold in 7 days or less at or above asking price. His secret? Working directly with homeowners and banks—not properties already on the MLS.
David’s success in short sales has helped him build over $3 million in retirement accounts, which he now lends out to other rehabbers across the country—covering purchase, rehab, points, and even interest payments.
In this interview, David shares his journey from JOB to full-time investor, reveals how he negotiates directly with banks, and explains how you can use short sales to create massive wealth—even in today’s market.
Shownotes:
In This Episode:
00:00 Intro
01:10 So David, you started out as an engineer—how and why did you get into the world of real estate?
06:20 Short-selling 101
10:00 What made you land on short sales as your primary strategy in 2010, when so many investors were running from them?
11:10 How do you determine whether a short sale is worth pursuing and how do you estimate the value?
13:00 Once you acquire a property, what's your exit strategy? Flip, Wholesale, Hold?
15:10 Where do you typically find homeowners in pre-foreclosure or foreclosure stages are there markets where they are usually more common or profitable?
19:30 Can you share one of your favorite student success stories?
24:40 If you were starting over today, knowing what you know now, what would you do differently?
26:00 If you can leave us with a quote every investor should keep in mind what would that be?
27:15 You talk about leaving a legacy and helping others do the same—what does that mean to you personally and for your career?
Connect with David now - https://thedavidrandolph.com/
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