In this episode of the Properties to Profit podcast, I dive deep into my experiences with mobile homes—an investment many real estate investors overlook. I share a recent deal involving a mobile home at 145 Bonner Ave in Newark, Ohio, where we turned a quick profit in under 60 days. I break down how we acquired the property, the challenges we faced, and the lessons learned along the way. From the unexpected issues during the VA inspection to the financial win despite lender fees, this episode highlights the pros and cons of investing in mobile homes, especially when considering factors like repair costs, mobile home park fees, and holding times.

You’ll also hear about why mobile homes can be a lucrative part of your investment portfolio, and I ask listeners: Would you consider investing in mobile homes? Tune in for key insights and to find out how this deal generated over $87,000 for my company.

Episode Highlights:

[0:00] - Introduction

[0:44] - Discussing the mobile home market and introducing a deal in Newark, Ohio.

[1:50] - Details of the property and the initial purchase price of $95,000.

[2:25] - Overcoming challenges with assigning the property and negotiating with a VA buyer.

[3:35] - The inspection process and repairs needed, including a new furnace.

[5:15] - Lessons from previous mobile home deals, including the risk of mobile home park fees.

[6:00] - Breaking down the $87,000 profit from this deal in under 60 days.

[6:54] - Considering whether mobile homes are a good investment—pros, cons, and potential profits.

If you enjoyed this episode, be sure to rate, review, and share the podcast! Follow me on social media for more real estate insights and updates. Keep turning properties into profits!

In this episode of the Properties to Profits podcast, I dive into the importance of being selective about who you take advice from on your real estate journey and beyond. So often, we find ourselves listening to people who don’t have the life, career, or financial freedom we aspire to achieve. I discuss why it’s crucial to seek guidance from those who are already where you want to be—whether it's in terms of wealth, lifestyle, or personal development.

I share personal experiences about paying for mentorship from those who have mastered areas of life I want to improve, like balancing business with family. Tune in to learn how to identify the right people to listen to and why this mindset shift can be a game changer for your success in real estate and life!

Episode Highlights:

[00:00] Introduction to the podcast and today's topic: the impact of who you listen to. [00:46] The problem with taking advice from people who don’t have what you want. [01:06] Seek mentors who have the success and lifestyle you aspire to achieve. [01:26] Personal example: Why I pay for a coach who excels in areas I want to improve. [02:00] Balancing relationships while setting boundaries for advice. [02:18] Reiterating the importance of aligning yourself with the right people. [02:36] Monday Mindset: Listen to those who have what you want. [02:53] Closing thoughts and a call to action to share and connect on social media.

Closing Remark:

Thanks for listening to this episode of the Properties to Profits podcast! If you found it valuable, please subscribe, share, and leave a review. Remember, your network determines your net worth—connect with those who inspire you to reach your highest potential. Until next time, keep turning properties into profits!

In this episode of the "Properties to Profits" podcast, I'm diving deep into the world of "subject to" real estate deals — a creative way to purchase properties without taking on a new loan or putting down significant cash. I'll break down how you can acquire properties by taking over the seller's existing mortgage, why this strategy can be a game-changer when the seller has a great interest rate, and how it can help you build equity and cash flow from day one.

I'll also share my personal experiences, including a recent deal where we bought a property with just $5,100 out of pocket and are set to generate monthly rental income immediately. You'll learn the risks and challenges involved, including why transparency with sellers is crucial and how to handle potential pitfalls like the lender calling the loan due. Whether you're new to real estate or looking to expand your portfolio, this episode will equip you with valuable insights into the "subject to" strategy!

Timeline Summary:

[00:00] - Introduction

[00:21] - Introduction to the episode and the "subject to" strategy.

[01:05] - What is a "subject to" deal, and how does it work in real estate?

[01:46] - Real-life example: Acquiring a $300,000 house with a $90,000 mortgage.

[02:25] - Recent "subject to" acquisition with $70,000 in equity and $400 monthly cash flow.

[03:27] - Finding and structuring "subject to" deals, including ethical considerations.

[04:44] - Key risks involved in "subject to" deals and how to mitigate them.

[05:55] - Opportunities in wholesaling "subject to" deals and a call to action for listeners.

Closing Remark:

If you found value in today’s episode, please subscribe, rate, and share the "Properties to Profits" podcast with others who might benefit. Let’s keep turning properties into profits together! Stay tuned for more insightful episodes, and don’t forget to follow me on social media for the latest updates and tips.

In this episode of the Properties to Profits podcast, I dive into the transformative power of morning routines. I open up about my personal journey from battling anxiety and depression to achieving consistent success in my real estate business, all thanks to a disciplined morning regimen. I share the habits that have helped me build resilience, maintain high energy levels, and stay focused on my goals, even during tough times. Whether you're struggling to find motivation or looking to level up your productivity, this episode is packed with practical advice and actionable steps to help you create a powerful start to your day.

Tune in as I walk you through the specifics of my morning routine, including cold showers, reading, and workouts, and explain why these habits can be game-changers for anyone looking to overcome personal challenges and reach new heights in their business or personal life. If you've ever wondered how to turn a rough morning into a productive day, this episode is for you!

Timeline Summary:

[0:00] - Introduction [00:45] - Introduction to the power of morning routines [02:08] - The importance of discipline and habits [03:04] - Overcoming personal challenges with a structured morning routine [03:19] - The benefits of cold showers and ice baths [04:55] - The role of reading and mindset in daily success [05:09] - Incorporating exercise to boost energy and focus [06:25] - Encouragement to try these routines before opting for medication [07:17] - Final motivational message and call to action

Closing Remark:

Thank you for listening to this episode of "Properties to Profits." If you found value in today's discussion, please subscribe, share the podcast, and follow me on social media for more insights and tips. Let's keep turning properties into profits together!

In this episode of the "Properties to Profits" podcast, I dive into the frustrating yet common scenario of what to do when a seller stops communicating or "goes ghost." Drawing from personal experience, I share several strategies that have worked for me in the past, including simple text messages, certified letters, and even conducting wellness checks through local authorities. I also highlight the importance of not assuming the worst when sellers go quiet and discuss creative ways to reconnect and move forward with a deal. Tune in to learn practical tactics that can help you handle these situations like a pro and keep your real estate business moving forward!

[0:00] - Introduction [00:45] - What to do when a seller stops communicating [01:10] - Using text messages and certified letters to reconnect [02:10] - A surprising solution involving a wellness check by local authorities [03:00] - An amusing story of a 90-year-old seller and a “Do Not Disturb” mishap [04:22] - The importance of persistence and not assuming the worst [05:08] - How serving your seller’s needs can lead to profitable deals [06:18] - Recap of actionable steps to handle “ghosting” sellers

If you enjoyed this episode, please subscribe, rate, and share it with others who might benefit from these insights. Let's continue to turn properties into profits together! Don’t forget to follow me on social media for more tips and updates.

In this episode of the Properties to Profit Podcast, we're diving into the highlights from Day 2 of Wealth Con. The day began with a spiritual uplift from Pastor Darius, followed by an engaging session with "Meet Kevin," a YouTube expert who has successfully raised $50 million through long-form content strategies. Next, Adrian Hernandez shared his journey of building a multi-million dollar wholesale business, emphasizing the power of visualization, affirmations, and staying true to your unique path, no matter what others say.

We also gained valuable insights from sales expert Steve Trang, who offered a fresh perspective on mastering sales through asking quality questions and making decisions. The episode continued with some powerful relationship advice from Jacqueline and Ryan Pineda, who stressed avoiding the three C's – complaining, comparing, and confirming. We wrapped up the day with a dynamic panel discussion featuring diverse business models and the importance of resilience, risk-taking, and maintaining balance across all areas of life.

Timeline Summary:

[0:00] Introduction

[0:21] Introduction to Day 2 of Wealth Con: A spiritual start with Pastor Darius.

[1:04] Meet Kevin shares his YouTube journey and strategies for content creation.

[1:46] Adrian Hernandez discusses building a $6 million wholesale business.

[3:09] Mindset mastery: Visualization, affirmations, and believing in yourself.

[4:05] Sales insights with Steve Trang: Quality questions and decision-making.

[5:42] Panel highlights with Ryan Pineda and top wholesalers.

[6:18] Jacqueline and Ryan Pineda talk about avoiding the three C's in relationships.

[8:13] Holistic success: Balancing health, wealth, relationships, and faith.

[9:10] Final wrap-up and takeaways from Day 2, featuring Andy Elliot's energetic insights.

If you enjoyed today's episode, please subscribe, share, and leave a review. Your support helps us continue bringing valuable content to help you turn properties into profits. Until next time, keep pushing forward!

In this episode of the Properties to Profit podcast, I share a rollercoaster experience of being sued by a seller after closing escrow on a property deal. What began as a seemingly straightforward transaction quickly spiraled into a complex legal battle involving hidden liens, environmental fines, and a determined seller who refused to honor the original agreement. I take you through every twist and turn of this case, from discovering unexpected debts and negotiating new terms to navigating the legal maze that followed. This episode is packed with valuable lessons about the realities of real estate investing, the importance of due diligence, and the challenges of managing unexpected disputes.

Tune in to hear how I managed to turn this potentially disastrous situation around, what strategies I used to minimize losses, and the key takeaways for anyone involved in real estate. Whether you're a seasoned investor or just starting, this story is a must-listen for understanding the unpredictable nature of property deals.

[00:00] - Introduction

[00:41] - The bombshell: I was sued by a seller after the close of escrow.

[01:00] - How it all started: A seller contacts me to sell a house quickly.

[03:08] - Discovery of hidden liens and environmental fines totaling $60,000.

[04:35] - Negotiating with the seller amidst mounting costs and complications.

[07:00] - The deal goes through, but the problems continue with new demands and threats of lawsuits.

[10:30] - Mediation and the unexpected twists that followed in court.

[13:45] - Lessons learned: Handling legal challenges, keeping documentation, and the importance of integrity in real estate deals.

• Follow me on Instagram: @RealEstateMike02

Thank you for tuning in to this episode of the Properties to Profit podcast! If you found this story insightful, please rate, review, and share the show with others who might benefit. Don’t forget to subscribe and follow me on social media for more real estate tips and updates. Until next time, keep turning properties into profits!

In this episode of the "Properties to Profits" podcast, I'm diving deep into the concept of fear—what it really is and how it often holds us back from achieving our full potential. I explore the idea that fear is just "false evidence appearing real," sharing personal stories from my journey in real estate and entrepreneurship where fear tried to stop me, but I pushed through. I discuss the importance of facing fear head-on, taking risks, and not letting the doubts or anxieties of others dictate our path. Whether it's launching a new venture, making a big life change, or simply pushing beyond comfort zones, this episode is all about conquering those fears and moving forward with confidence.

Tune in as I share key insights on overcoming mental barriers, practical tips for building resilience, and why embracing fear can lead to some of the most rewarding experiences of your life. If you're ready to turn fear into fuel and start creating the life you truly want, this episode is for you!

Timeline Summary:

[0:00] - Introduction to the episode and today's focus on fear. [1:10] - The story of starting my first business and confronting fear of competition. [2:24] - Real estate fears in 2018: Predictions of a market crash and overcoming skepticism. [4:02] - Building a successful wholesaling and flipping business despite fear and doubt from others. [6:08] - Lessons from failure and how fear is often a false narrative in our minds. [7:42] - Practical steps to face fear, take risks, and build the life you want. [8:55] - Encouragement to challenge your fears and create your own reality.

Closing Remark:

Thanks for tuning in to this episode of the "Properties to Profits" podcast! If you found value in our discussion, don't forget to subscribe, share, and leave a review. Remember, fear is just false evidence appearing real—so go out there, do the work, and turn those properties into profits!