In this episode of the Generations of Wealth Podcast, Derek sits down with investor Ben Allgeyer to break down what it really takes to find and close deals in today’s market.
From flipping hundreds of houses to pivoting into wholesaling and novations, Ben shares the hard lessons learned through business growth, partnership mistakes, and adapting to changing market conditions.
The conversation dives into door knocking, deal sourcing, creative deal structuring, and the realities behind scaling a real estate business — including the challenges most people don’t talk about.
Watch the episode here
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📘 Overview
Ben Allgeyer shares his journey from leaving the medical path to becoming a full-time real estate investor, building multiple businesses, and completing hundreds of deals.
He explains how his early strategy of helping homeowners remodel before listing became obsolete as the market shifted — forcing him to pivot into flipping at scale. At one point, his team was handling 20–25 flips at a time, but the operational challenges and market changes led to another pivot into wholesaling and novations.
One of the most impactful lessons comes from a failed partnership that resulted in a $250,000 legal battle, highlighting the importance of proper agreements and structure in business.
Ben also breaks down how he built deal flow through door knocking foreclosure leads, turning it into a consistent pipeline generating multiple deals per month.
The episode dives deep into novations, explaining how they bridge the gap between wholesale and retail, allowing investors to capture more value while helping sellers avoid the traditional listing headaches.
Throughout the conversation, one theme stands out: 👉 Success in real estate comes down to action, communication, and doing what others won’t.
⭐ Key Takeaways
- Market shifts require constant adaptation
- Flipping at scale can become operationally overwhelming
- Poor partnership structure can cost hundreds of thousands
- Door knocking is still one of the most effective lead sources
- Real estate success is a volume + skill game
- Novations allow investors to capture more value than wholesaling alone
- Most investors fail because they avoid uncomfortable actions
- Communication skills are more valuable than technical knowledge
- Deals are created through conversations, not just marketing
- Creativity in deal structuring separates top investors
💬 Relevant Topics Discussed
- Door knocking for real estate deals
- Foreclosure lead strategies
- Flipping vs wholesaling vs novations
- Business partnerships & legal structure
- Deal sourcing in competitive markets
- Negotiation and communication skills
- Contract structuring & risk management
- Scaling a real estate business
- Creative deal strategies
- Lead conversion and follow-up
🎧 Why Should You Listen?
Listen to this episode if you:
- Are struggling to find consistent deal flow
- Want real, no-BS insight into real estate investing
- Are curious about novations and creative deal structures
- Want to improve your sales and communication skills
- Are building (or considering) a real estate business
This episode is a reminder that the fundamentals still work — but only if you’re willing to do them.
Important Links:
About Ben Allgeyer
Ben Allgeyer’s journey into real estate investing began with a desire to build long-term financial stability and create opportunities beyond traditional income streams. Originally pursuing a medical degree, Ben transitioned into medical sales in Arizona, where he developed strong business and relationship-building skills.
Driven by a growing passion for real estate, he made the decision to leave the corporate world and join a homebuying firm in Kansas City. In 2019, Ben co-founded Crown City Homes, a company that has since flipped and wholesaled hundreds of properties. Today, the company focuses not only on real estate transactions but also on empowering others to succeed in real estate investing. In addition to his real estate ventures, Ben owns a security company and a residential painting business, while actively acquiring cash-flowing businesses to expand his overall portfolio.
Through hands-on experience and continuous learning, Ben has developed a disciplined approach to identifying opportunities, managing risk, and maximizing returns. His strategy centers on sustainable growth, strategic acquisitions, and effective asset management. Known for his practical mindset and commitment to execution, Ben continues to grow his presence in the real estate space while helping others understand the value of investing in tangible assets. His journey reflects persistence, adaptability, and a long-term vision for success in an ever-evolving market.