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Mitch Stephen Solocast Episode #5

Episode 43: How to Choose the Right Business Partners in Real Estate

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, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,400 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and the selling of those owner financed properties.

Mitch is the author 3 books:

Failing Forward to Financial Freedom

200+ Ways to Find Bargain Properties

My Life & 1,000 Houses
The Art of Owner Financing

For more info about these books go to http://1000houses.com/the-book/

Mitch offers Online Education, Group Coaching, and one-on-one Mentorships as it relates to all the aspects of Owner Financing and owner financed properties.

Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs and other advertising efforts to sell your houses.

The main reason Mitch wanted this system was to reduce the number of calls from potential buyers (that asked the same questions over and over) to a group of the most qualified buyers, saving time for the sales team. This solves that and much more to streamline you selling process.

What you’ll learn about in this episode:

  • How to choose the right business partners
  • The partnerships that Mitch has entered into
  • Why your partners need to have integrity
  • Why your partners should have subject matter expertise
  • Why your partners need to have strong work ethic
  • Why you should weigh the personal life of someone heavily when deciding whether or not to go into business with them
  • Why you need to outwork your business partner
  • Why you shouldn’t go into business with someone just because you like them
  • Why you need to be different than your business partner


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