16 Apr Closing a $26K Creative Finance Deal While Working Full-Time with David Albin
Episode 503: Closing a $26K Creative Finance Deal While Working Full-Time with David Albin
In this special FamilyCast episode, I sit down with David Albin, a high-performing member of our Wicked Smart® community who just closed his first creative real estate deal—while juggling a demanding W-2 job and family life.
David brings a unique background to the table: 26 years in the military, 25 years in corporate accounting, and now he’s diving head-first into real estate investing using creative financing. If you’ve ever wondered, “Can I actually do this while working full time?” or “What happens after my first deal?”—this is your episode.
We break down the real estate deal from start to finish, including how David landed the seller, how he sifted through buyers, and how he confidently closed a $26,000 payday—without ever owning the home. Plus, we unpack the incredible support system that helped him get there.
Key Talking Points of the Episode
00:00 Introduction
01:30 Who is David Albin?
04:30 Why David decided to join the Wicked Smart community in 2023
06:00 How David incorporates real estate into his schedule
07:15 How the goal to supplement retirement grew
08:25 The power of community and camaraderie
11:20 What makes live events like QLS and In the Trenches so impactful
14:16 David’s first creative deal
16:46 Switching from owner financing to assign out
18:11 Listing the property and getting flooded with buyer inquiries
21:51 How Nick and the team helped him vet buyers using Next Step forms
26:49 REI BlackBook, tracking, and scripting for your deals
28:00 Building confidence through the support from the community
32:02 Lessons learned from the first deal
35:09 Why you need to get to the next live event: QLS Live 2024
Quotables
“This started as a side hustle to build retirement savings. But once I did the first deal, I realized—it could replace the W-2.”
“I felt like I was drowning at first. But once I got the scripts and the support, it clicked—and the deal closed fast.”
“Getting to $26K on a property I never owned… that’ll change how you think about income.”
Links
QLS Live
Real Estate On Your Terms and Deal Structure Overtime
https://wickedsmartbooks.com/podcast
FREE Master’s Class
http://smartrealestatecoach.com/masterspodcast
FREE Strategy Session with Chris Pre
http://smartrealestatecoach.com/actionpodcast
QLS 4.0
https://smartrealestatecoach.com/qlspodcast
Investor Resources
https://smartrealestatecoach.com/resources
Apprentice Program
https://smartrealestatecoach.com/apprenticepodcast
In the Trenches Bootcamp
https://smartrealestatecoach.com/ittbpodcast
3 Paydays Virtual Event
https://smartrealestatecoach.com/3paydayspodcast
REI Blackbook
https://smartrealestatecoach.com/REIBB-DD
7 Figures Funding
https://smartrealestatecoach.com/7figures-pod