February 27, 2018

Investing in Real Estate With No Money | Your How-to Guide to Success

Episode 172:

Investing in Real Estate With No Money | Your How-to Guide to Success

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.

REAL ESTATE INVESTOR: 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 1,500 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.

AUTHOR:
Mitch is the author 3 books:

MY LIFE & 1,000 HOUSES:
Failing Forward to Financial Freedom

MY LIFE & 1,000 HOUSES:
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/

EDUCATOR:
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 your selling process.

What you’ll learn about in this episode:

  • Why you shouldn’t let being broke prevent you from investing in real estate with no money
  • Why having money doesn’t give you an advantage in real estate
  • Mitch’s story: how he was able to achieve success investing in real estate with no money
  • Fixing the money-only mindset
  • Finding the deals first and worrying about the money second
  • Why you need to stop running away from your fears
  • The key pieces of an effective contract
  • How to assess the value of a property
  • A real estate investor’s #1 asset
  • Becoming a professional deal-writer

Resources: