BTM 77: How To Create Your Personally Tailored Business Strategy With Mitch Stephen

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch’s company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. Mitch has recently been named one of the Top 9 RE Investors to follow on Twitter. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses & Notes with little to NO Discount, and helping others deal with the everyday throws of life in business.

 

On today’s episode, Mitch talks with us about how he earned a first-class degree in entrepreneurship from the streets and why it’s important to understand the difference between working on vs. working in your business. Mitch shares his story of becoming an accidental real estate investor after buying his first condo purchase and how he ended up getting paid to live for free. You’ll learn what owner financing is and the # 1 difference between making a good living vs. earning millions in passive income.  

 

Key Points From This Episode:

  • How you can make offers on real estate deals by becoming a professional deal finder
  • Why Investing in Mentoring Can Propel Your Real Estate Investments
  • How Mitch brought 62 houses (profited $500K down payments) and created a cash-flow of $32K/month  
  • The story of Mitch paying his wife 1-year salary ($36K) in 1 month and got her to quit her 9-5
  • Why being a wholesale/flipper will not get you long-term wealth for you and your family (what to do instead)

 

Links Mentioned in Today’s Episode

Mitch’s Website: http://1000houses.com/

Mitch’s Favorite Books:

Forever Cash https://amzn.to/2CRrJPk

Doing Business with GOD: https://amzn.to/2Erawhg

Think and Grow Rich https://amzn.to/2CLzRkp

Nothing Down https://amzn.to/2NIi7HF

Self-made in America https://amzn.to/2NJRaDB  

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book  

 

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BTM 76: Should You Consider Coaching? Client Case Study

This is a special client interview edition of the Before The Millions podcast you’re going to want to hear…

This interview is insanely awesome and proves anything is possible.

Everything is covered. The doubt. The struggle. The perseverance. The triumph.

I could not have written a better story even if I tried. You’re going to love this interview.

If you’ve ever wondered whether what we do at Before the Millions will work for you, then this interview should answer that question once and for all.

Because in the hottest market on the planet, our client, Teck, became a full fledged real estate investor this year..

In fact, as you’ll hear. it was REALLY hard work. This guy’s a machine. He did things most people simply aren’t willing to do. Simple things. Things we suggested… but still the things most people don’t put the time and energy to do.

So while I’m excited for you to hear Teck’s story, I’m not saying your results will look like Teck’s. Unless you’re an absolute machine like he is, they won’t. But you can definitely learn from his experience.

This interview will absolutely shift your understanding of what’s possible for you if you’re willing to work hard and follow a proven system.

 

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BTM 75: The Closest Thing to Guaranteed Money: Pros & Cons with Ryan G. Wright

Almost 10 years ago, Ryan G. Wright started investing in fix and flip properties. He soon saw that it was difficult to get funding quickly on these properties, much less from reputable and reliable sources. The solution was Do Hard Money, a private hard money company that offers short-term funding for real estate investors. Coming from a background of real estate investing, he understood the needs investors have. He wanted to provide a way for others to grow their real estate investing business by offering short term loans with no money down and no monthly payments. Ryan has been a featured speaker for Bank of America, CitiMortgage, Wells Fargo, Bank of America, Inside Mortgage Finance and the ReCaptivate Conference for real estate professionals.

 

On today’s episode, we talk to Ryan about the secrets to success (show up, show up on time and show up prepared) in getting started in investing in real estate. Ryan talks with us about the concept of using private lending and hard money rental loans to finance your real estate investment deals. You’ll also learn the pros and cons of investing in single family housing vs. duplex/triplex and multifamily deals. Lastly, Ryan shares with us how lenders can sometimes construct demand based upon how much capital they have available.

 

Key Points From This Episode:

  • How investing in single family can be a better option than multi-units (tenants, turnover, cash flow, etc.)
  • Why your goals shouldn’t never be tied to your self-worth
  • The 2 ways you can use hard money lender to buy rentals (Low cash to close or hard money rental loan)
  • What is a hard money rental loan (what is the process, requirements, terms, conditions, etc.)  

 

Links Mentioned in Today’s Episode

Ryan’s Website: https://www.dohardmoney.com/

Ryan’s Favorite Books: Atlas Shrugged by Ayn Rand https://amzn.to/2OtPqmb

Ryan’s Favorite Lifestyle Design App: Audible is the largest selection of audiobooks and original audio performances anywhere! https://www.audible.com/

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book  

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

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BTM 74: Whether You Think You Can Or Can’t, You’re Right with Zachary Beach

Zachary Beach has been around the real estate business for over 7 years. He has been a part of or has been mentored in a number of facets in the real estate world. At age 25, he decided to jump into the family real estate business. Zachary has completed an owner financing deal on a property that is worth over a million dollars and purchased it for $940,000 with principal only payments of $2500 per month. Zachary went from bartender to million dollar business owner in just under 3 years.

 

On today’s episode, we talk to Zachary about how to get started in lease options and owner financing deals. You’ll learn how to accelerate your real estate investing by doing this 1 thing (it has nothing to do with real estate). We also talk about misconceptions about owner financing deals and how you can create systems to help scale your business to automate it and create a lifestyle of your dreams.

 

Key Points From This Episode:

  • Failing your way forward and taking action is the best way to get started in real estate
  • Breakdown of Zachary’s first real estate transaction & how he was able to make a profit $60K
  • The #1 action step you can do today if you want more money to scale your real estate investing
  • What you need to look for when doing deals with real estate owners and buyers

 

Links Mentioned in Today’s Episode

Zachary’s Website: http://www.smartrealestatecoach.com/

Zachary’s Favorite Books:

10X Rule by Grant Cardone https://amzn.to/2xAuGzk  

Never Split The Difference by Chris Voss https://amzn.to/2DrteF1

Getting To Us: How Great Coaches Make Great Teams https://amzn.to/2DrCgBP

No B.S. Time Management for Entrepreneurs https://amzn.to/2xOm4EQ

Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book  

Zachary’s Favorite Lifestyle Design App: Investor Fuse: Automatically nurture your leads. Follow up faster and more often. Less clicking, less thinking, more time to flip houses. https://www.investorfuse.com/

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

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BTM 73: Money Isn’t Everything with Omar Khan

Omar Khan is a manager at the Dallas, Texas private equity firm Boardwalk Wealth. Omar is a CFA charterholder with 10 years of experience investing across real estate and commodities. He has completed $3.7 billion in capital financing and M&A transactions. Omar has also syndicated large multi-million dollar deals across the US and Advised high net-worth individuals and entrepreneurs on real estate portfolio allocations.

 

On today’s episode, we talk about escaping the rat race, finding the right multifamily deals, underwriting them and sourcing capital – international and domestic. Omar shares his story of graduating during the 2008 market crash and how he 10x his efforts to start his career in finance and real estate. You’ll learn how you can leverage your W-2 income to invest in real estate and why underwriting is the most important piece of the investment process.

 

 

Key Points From This Episode:

  • Why investing time in growing your network will 10x your income
  • Top questions to ask yourself before investing in real estate
  • Importance of visualizing your success and knowing what your strengths are
  • What makes a good underwriter and how to analyze multifamily deals

 

Links Mentioned in Today’s Episode

Omar’s Website: https://www.boardwalkwealth.com/

Omar’s Favorite Books:

Thinking, Fast and Slow by Daniel Kahneman

Great Expectations by Charles Dickens

Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book  

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community

Listen to this episode