Podcasts about houses failing forward

Welcome To The Real Estate Underground Show #32 Mitch Stephen has purchased a property in or about San Antonio, Texas, every 4-5 days for over 2 decades. Approximately 100 houses per year and well over 2,000 properties. His real estate investing career started at the age of 23 when he read "Nothing Down" by Robert Allen. A high school graduate who never stopped learning. Books, CDs, seminars, and webinars in his classroom. He has perfected a method of achieving without land lording and without having to rehab properties. He's mastered the art of raising private money and the classic "Nothing Down" deal. A passionate speaker who delivers the message of integrity first and profits second; an expert at keeping it simple and explaining, in plain English, the theories that made him financially independent. He is always an inspiration to those around him. Resources: Website: https://1000Houses.com Podcast: https://1000Houses.com/Podcasts Free Stuff: 1000Houses.com Free Stuff - https://ub203.isrefer.com/go/menu/emathews/ Free 100 pages ebook - https://ub203.isrefer.com/go/e-book/emathews/ Free Book MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom - https://ub203.isrefer.com/go/bun/emathews/ Webinar Registration: The Art of Creative Real Estate Investing - https://ub203.isrefer.com/go/gen/emathews/ Tax-Free Future ebook - https://ub203.isrefer.com/go/tffb/emathews/ Additional Resources: Become a member of CTREIA: https://www.ctreia.com Join the CTREIA Coaching Program: https://www.ctreia.com/Coaching Fund Your Deal: https://www.ctreiafunding.com

Mitch Stephen is the author of the book series MY LIFE & 1,000 HOUSES.... - His first book came out in 2008 and was Titled... MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom It is an autobiographical story about how Mitch, as a young entrepreneur, morphed into a professional real estate investor with over a 1,000 house transactions to his credit. In 2014 the second book was released... MY LIFE & 1,000 HOUSES:2 00+ Ways Find Bargain Properties Discover what Mitch's advice right now to a beginning investor based on the current market and economy is! Timestamp: 0:01 - Get Ready To Be Plugged Into The Money 0:25 - Introduction 1:05 - Jay’s New Book: “Where To Get The Money Now” - https://www.JayConner.com/Book 2:01 - Today’s guest: Mitch Stephen 5:37 - Get Mitch Stephen’s ebook here: https://www.1000Houses.com/enough 7:25 - How do you fill up your time? 9:14 - Mitch Stephen’s real estate business 15:03 - What makes a good deal? 16:28 - How do a potential owner financed buyer find out about your deals?22:15 - Get connected with Mitch Stephen: https://www.1000Houses.com 23:34 - Importance of Coach. 23:59 - Mitch Stephen’s current deals. 25:40 - Favorite ways to find sellers. 27:00 - Consistent source of seller lead flow. Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

In a very insightful conversation today, I am pleased to welcome fellow real-estate investor, popular speaker, educator, podcaster, and author Mitch Stephen onto the show. Mitch has been in the real-estate game for more than 25 years and he has purchased well over 2,000 houses in and around his hometown of San Antonio, Texas. Today, he specializes in owner-financed properties with individuals left behind by traditional lending institutions. Mitch has also forged the creation of a mass texting software, LiveComm. Listen in as this phenomenal individual shares his journey building and expanding the empire he has built! Mitch says he started basically because of a substantial relationship he had with a woman who left him for someone who was rich and in a better position than he was at that time. He badly wanted a path to financial freedom but money was never discussed in his family or even while he was in school. He shares that his real estate investing career started at the age of 23 when he read Nothing Down by Robert Allen, which gave him the courage that he could get into real estate. But it took him seven years to own the concept in his heart and actually get started with it. Mitch had, by accident, made some money in real estate, which propelled him to get more actively involved. He flipped a couple of houses and put $35,000 in the bank which was a year's salary for him when he was a bartender. He decided to take a year off and see what he could do. In 1996, he flipped forty-five houses, sixty-five houses the next year, and then one-hundred-fifty the following year. He'd grossed a lot of money but was very unorganized and inexperienced to be at that level. Mitch talked a lot about working with his family members and the lessons they have learned along the way. He said sometimes it is a struggle because it is almost as there is shared mistake-making and little progress forward. Mitch got to the point where he had to shut down the business, reassess everything, and start fresh. Even with these issues, he has made it work with family members and his daughter has been a loyal employee for over 25 years. He's shared a very successful idea he'd implemented to obtain more deals. He partnered with people and paid them 50% of the profit if they brought him a good deal. He shares how he would have a line outside his door every day of ten or fifteen people who showed up because they didn't have any other source of income. Mitch has also discussed people who tend to spend a lot of money when they initially start making good money and said that people who have that kind of money appreciate people who are careful and live within their means. We have an extensive discussion about the real estate market downturn in 2008 and how his business thrived during those times. It was after this that Mitch started finding and hiring better people, which made a noticeable and positive impact on his business. Mitch's company specializes in buying distressed properties with other people's money and selling those properties with owner financing. His personal expertise includes raising private money, finding bargain properties, negotiating favorable terms, dealing with renovations and contractors, and selling notes with little to no discount. Mitch also spoke about the educational programs he has put together to help other investors do exactly this and experience success in this field. Mitch and I just have a blast in this episode of Just Start Real Estate and you don't want to miss it! It is longer than usual because he just provides us with so much wisdom and actionable advice, so please take the time to listen and learn from this fabulous guest, Mitch Stephen! Notable quotes: “When I re-read the books, after some maturing, I was able to actually absorb the message deeper and own it in my heart.” Mitch Stephen “I'm interested in my financial freedom, and the stability of my family and my income for a long period of time. I don't give a damn about a car.” Mitch Stephen “I think people who have that kind of money appreciate people who are careful and live within their means.” Mitch Stephen “We learn what a good partner is, or we learn what a good business is when they can survive a bad time. ” Mitch Stephen “I do not ever want to take someone's house, I think it's the shittiest business plan in the whole wide world.” Mitch Stephen “I only borrow what I need, I don't borrow money to live on.” Mitch Stephen Links: Mitch's Website Mitch's LinkedIn Profile Real Estate Investor Summit Podcast 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 Livecomm Nothing Down 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

In a very insightful conversation today, I am pleased to welcome fellow real-estate investor, popular speaker, educator, podcaster, and author Mitch Stephen onto the show. Mitch has been in the real-estate game for more than 25 years and he has purchased well over 2,000 houses in and around his hometown of San Antonio, Texas. Today, he specializes in owner-financed properties with individuals left behind by traditional lending institutions. Mitch has also forged the creation of a mass texting software, LiveComm. Listen in as this phenomenal individual shares his journey building and expanding the empire he has built!   Mitch says he started basically because of a substantial relationship he had with a woman who left him for someone who was rich and in a better position than he was at that time. He badly wanted a path to financial freedom but money was never discussed in his family or even while he was in school. He shares that his real estate investing career started at the age of 23 when he read Nothing Down by Robert Allen, which gave him the courage that he could get into real estate. But it took him seven years to own the concept in his heart and actually get started with it.   Mitch had, by accident, made some money in real estate, which propelled him to get more actively involved. He flipped a couple of houses and put $35,000 in the bank which was a year's salary for him when he was a bartender. He decided to take a year off and see what he could do. In 1996, he flipped forty-five houses, sixty-five houses the next year, and then one-hundred-fifty the following year. He’d grossed a lot of money but was very unorganized and inexperienced to be at that level.   Mitch talked a lot about working with his family members and the lessons they have learned along the way. He said sometimes it is a struggle because it is almost as there is shared mistake-making and little progress forward. Mitch got to the point where he had to shut down the business, reassess everything, and start fresh. Even with these issues, he has made it work with family members and his daughter has been a loyal employee for over 25 years.   He’s shared a very successful idea he’d implemented to obtain more deals. He partnered with people and paid them 50% of the profit if they brought him a good deal. He shares how he would have a line outside his door every day of ten or fifteen people who showed up because they didn't have any other source of income.   Mitch has also discussed people who tend to spend a lot of money when they initially start making good money and said that people who have that kind of money appreciate people who are careful and live within their means. We have an extensive discussion about the real estate market downturn in 2008 and how his business thrived during those times. It was after this that Mitch started finding and hiring better people, which made a noticeable and positive impact on his business.   Mitch’s company specializes in buying distressed properties with other people’s money and selling those properties with owner financing. His personal expertise includes raising private money, finding bargain properties, negotiating favorable terms, dealing with renovations and contractors, and selling notes with little to no discount. Mitch also spoke about the educational programs he has put together to help other investors do exactly this and experience success in this field.   Mitch and I just have a blast in this episode of Just Start Real Estate and you don’t want to miss it! It is longer than usual because he just provides us with so much wisdom and actionable advice, so please take the time to listen and learn from this fabulous guest, Mitch Stephen! Notable quotes:   “When I re-read the books, after some maturing, I was able to actually absorb the message deeper and own it in my heart.” Mitch Stephen   “I'm interested in my financial freedom, and the stability of my family and my income for a long period of time. I don't give a damn about a car.” Mitch Stephen   “I think people who have that kind of money appreciate people who are careful and live within their means.” Mitch Stephen   “We learn what a good partner is, or we learn what a good business is when they can survive a bad time. ” Mitch Stephen   “I do not ever want to take someone's house, I think it’s the shittiest business plan in the whole wide world.” Mitch Stephen   “I only borrow what I need, I don't borrow money to live on.”  Mitch Stephen Links: Mitch’s Website Mitch’s LinkedIn Profile Real Estate Investor Summit Podcast 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 Livecomm Nothing Down 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

Today’s guest started his real estate investing career at age 23. Over the years, he has purchased close to 2,000 houses in and around San Antonio, Texas. After more than 3 decades of investing in real estate, he has also mastered the art of owner financing properties. Mitch Stephen as written 3 books in the "My Life & 1,000 Houses: series talking about the major lessons he has learned as a real estate investor over the past 30 years. Mitch is also an expert at keeping things simple and conveying the knowledge and theories that have made him financially independent in a manner that’s easy to understand and digest. In this episode, we not covered the basics of owner financing properties, we also tackled some of the secret sauce that has helped him build a massive and thriving business—how he keeps track of his ventures, how he finds his business partners, and the tough lessons he has learned along the way. This interview is packed with wisdom and knowledge you can definitely benefit from, so don’t miss it! Key Takeaways First step for those who would like to start owner financing some of their properties The numbers on a typical deal and how the mechanics work What’s been working for him in the current market How he keeps track of all his real estate business How he found his business partners Tough lessons he has learned over the years Where people can find him if they want to reach out Links mentioned in the interview 1000 Houses Website - https://1000houses.com Real Estate Investor Summit Podcast - https://1000houses.com/podcast-archives/ Mitch Stephen on Facebook - https://www.facebook.com/1000Houses/ Mitch Stephen on LinkedIn - https://www.linkedin.com/in/mitch-stephen-5a83156/ Mitch Stephen on YouTube - https://www.youtube.com/user/dale965 Mitch Stephen on Twitter - https://twitter.com/Mitch_Stephen Books mentioned in the interview My Life & 1,000 Houses: Failing Forward to Financial Freedom by Mitch Stephen - https://www.amazon.com/My-Life-000-Houses-Financial/dp/1419698540 My Life & 1,000 Houses: 200+ Ways to Find Bargain Properties by Mitch Stephen - https://www.amazon.com/My-Life-000-Houses-Properties/dp/1507804377 My Life & 1,000 Houses: The Art of Owner Financing by Mitch Stephen - https://www.amazon.com/My-Life-1000-Houses-Financing/dp/153462239X   Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA

For tonight's episode, we are joined in the airwaves by Mitch Stephen. He 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. He authored the books, MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom, MY LIFE & 1,000 HOUSES: 200+ Ways to Find Bargain Properties and MY LIFE & 1,000 HOUSES: The Art of Owner Financing. He has an inspirational story about falling down and getting back up. Other topics talked about included raising private money or getting private investors, and how to find deals.

#113: What This Episode Is AboutA lot of times the path to financial freedom isn’t straightforward or without failure. So what do we do when we run into those barriers? How can we overcome challenges in our lives and build successful businesses and investments? Mitch Stephen joins us this week to share his experiences from his latest book which he titled “MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom.” Mitch has been a self-employed RE investor for over 20 years and he began learning real estate at only 23 after reading Robert Allen’s book “Nothing Down”. He has been buying and selling a home or property every 4 days for over 10 years. He explains how he perfected a method of achieving cash-flow without having to be a landlord and creating a business where others do the majority of the work for you, rather than having to invest all of your time managing every detail.  Mitch discusses the importance of working through ups and downs along our path to financial success. He also explains that financial freedom is only the first step in a line of creating successful businesses and, while money is a phenomenal thing to have when you get started, it isn’t the only end goal we should be pursuing. This episode is a must for anyone experiencing failure or challenges on their path to financial freedom! Mentioned In This Episode:How to find the right people to help you build a successful firm in real estate without having to be a full time landlord. How failures often teach us vital lessons on how to improve and why Mitch’s own failures led to his success today. How to find what works best for you when investing in RE and understanding that there is no one size fits all approach when it comes to starting a firm. And much more!   Join Our Community:If you want to engage with others like yourself who are breaking free from corporate America and Wall Street, this is the place. As a part of the community you will receive exclusive access to our podcast guests for live Q & A as well as weekly coaching on our 5 Pillars of Wealth Without Wall Street. Join us on the journey to financial freedom at http://community.wealthwithoutwallstreet.com/ (community.wealthwithoutwallstreet.com) Resources:Learn more about Mitch Stephen’s business, books, podcasts and more on his website: https://1000houses.com/ (https://1000houses.com/) Schedule a https://calendly.com/joeyruss/15-minute-intro-call (Call with Us)

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 selling those properties with Owner Financing. Cash4Houses.NET (Buying Site) Homes2Go.NET (Selling Site) MoatNoteServicing.com (Note Servicing)   STORAGE FACILITY OWNER: The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating a note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages around the lake, and the storage business has grown to over 1,100 storage doors in 16 locations: CanyonLakeStorage.com FlourBluffStorage.com RockportFultonBoatStorage.com 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 1000houses.com/the-book   EDUCATOR: Mitch offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses, Selling Notes with little to NO Discount, and helping others deal with the every day throws of life in business. He is very familiar with Dodd-Frank, RMLOs, S.A.F.E. Act, Texas Property Code, Truth -in-Lending, R.E.S.P.A. and the legal options available in the owner finance domain. 1000Houses.com 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 advertising Owner Financed Houses. http://LiveComm.com

Mitch Stephen is a Texas original. As a real estate guru, he has been lauded by his professional peers locally and nationally. He is the author of My Life & 1000 Houses: Failing Forward to Financial Freedom. It is a book filled with the life of properties and the properties of life. And, Mitch has a creative side as a prolific songwriter, having penned more than 100 heart and thought-provoking country ballads. I've heard many of them, and every one of them is filled with surprise beginning. The urban dictionary defines a “Reinassance Man” as a person who is “enlightened” in all subject matter including arts, math, athletics, philosophy, music, history, and any other cultural aspect of society. It is my pleasure to introduce you to The Renaissance Cowboy, my new friend, Mitch Stephen. ~Sonny Melendrez Mitch Stephen's Links: –The Art of Owner Financing: Making Money Without Being A Landlord –(Free Book) My Life & 1000 Houses: Failing Forward to Financial Freedom –Mitch Stephen Music –All Mitch Stephen Books –Official Site

  Our guest today will feature the author of ‘MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom’ - Mitch Stephen. He’s a self-taught real estate entrepreneur, author and has bought many properties throughout the years with different strategies. Mitch writes about his life story where he describes everything from his childhood, his success and failures, his trials in tribulations in the real estate world and his personal life, and how he ultimately persevered to attain a level of success that he hadn't envisioned. In today’s episode, he’ll discuss his “forever money” play, how to learn to make the right deal for you, the importance of finding where You fit in and why finding a mentor will save you tons of time and money. He learned the importance of asking for what you want and how starting with a few things will get the ball rolling. Most of all, he is an example of how to follow your heart, your dreams and to never give up on yourself.   Highlights:   *Mitch’s turning point during business school.   *Explains the art of Owner Financing.   *Importance of working with a business coach/ mentor.   *Mitch touches upon his successes, his failures, everything in between and he has worked through it all to end up where he is now.   *Mitch discusses his books and how he wrote it from the heart.   Resources: www.1000houses.com

[Podcast #90] Mitch Stephen Bought and Sold over 1000 HousesWatch https://youtu.be/QdwMi90OO70Best Advice for a new InvestorAlwats check referencesOnce you find a strategy you want to do, then stop with free learning and pay a successful mentor who can show you the right way to invest in your strategy.He advertises in Spanish on Facebook Marketplace. Livecomm.com. He has 8700 people on his text list who called his signs. He texts everyone who signed up with photos of photos of his newest house. He averages 8 days to sell a house.Mitch Stephen is the author of the book series MY LIFE & 1,000 HOUSES....- His first book came out in 2008 and was Titled...MY LIFE & 1,000 HOUSES:Failing Forward to Financial FreedomIt is an autobiographical story about how Mitch, as a young entrepreneur, morphed into a professional real estate investor with over a 1,000 house transactions to his credit.In 2014 the second book was released...MY LIFE & 1,000 HOUSES:200+ Ways Find Bargain PropertiesThis book was written to answer the most popular question of the day;"How do you consistently find so many great deals on houses?"In 2016 Mitch published his 3rd book titledMY LIFE & 1,000 HOUSES:Failing forward to financial freedomhttp://www.JayConner.com/mitchbookMitch's course - 25 hours of intense training.http://www.JayConner.com/mitchcourseHis Podcast:http://reinvestorsummit.com-Links for the show notes1) Mitch Stephen Books- https://ub203.isrefer.com/go/book/sc2018/2) The Art of Owner Financing 497 - https://ub203.isrefer.com/go/497/sc2018/3) $7 book Owner Finance101- https://ub203.isrefer.com/go/oftw/sc2018/4) Mitch Generic Webinar Registration - https://ub203.isrefer.com/go/gen/sc2018/http://reinvestorsummit.com/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. 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 group coaching with Mitch is a very affordable, compared to one-on-one coaching sessions What value can be found from the weekly group coaching sessions, how they work and how long they run Why group coaching is an excellent opportunity to learn from real life situations happening all over the country How you also get access to hundreds of hours of archived previous group coaching sessions with Mitch Why Mitch wants honest feedback to the ideas, recommendations and solutions he provides in group coaching How the social aspect of group coaching can help provide you with encouragement and confidence in your own deals Why group coaching is a great way to discover new resources that others are finding effective How the group coaching price breakdown works, and why the value you’ll get far exceeds the price Why the value of group coaching isn’t just measured by how much money you make, but by how much group coaching will keep you from losing Why it’s crucial to face your fears and run toward them, not away from them Resources: REInvestorSummit.com/coaching REInvestorSummit.com/capital REInvestorSummit.com/Livecomm REInvestorSummit.com/aof REInvestorSummit.com/100

[Podcast #90] Self-employed since 1996, Mitch Stephen has purchased well over 1000 houses in and about his hometown of San Antonio, TX. A high school graduate, who never stopped learning. Books, CDs, seminars and webinars were his classroom.Watch at https://youtu.be/Xm6cXb4y2tkToday he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar the neighborhoods.He has perfected a method of achieving cash-flow without having to be a landlord and without having to rehab properties. He's mastered the art of raising private money and the classic “Nothing Down” deal.He has pioneered the idea that you don't have to give discounts to sell your notes.Mitch buys a house for 65% of the house's value.He was ready to quit. Then he found a mentor who showed him thew few things he was missing. He went from almost zero in the bank to half a million in the bank.Resilient was key to Mitch's success. He failed then got up and figured out the solution.What is Owner Financing?Mitch uses Private money to buy a house, then owner finances the house to the buyer.He has a rent formula. Most renters would pay $1000 to own a house instead of renting. Houses areRent - insurance and taxes = amount renter has for Principle and InterestMortgage is based on 30 years and 10% interest. 10-12% down. He will sell a house for $110,000 and get $10K to start.OFV - Owner Finance Value.Can they make the payment?Good people who have bad things happened. The credit Bureau penalizes people when they fix their problems.Mitch did 88 house deals in 2018. Who does the qualifying? Mitch has people trained up to do the work.Prequalify buyersHow have they been paying their rentWhat does the house they rent look like?Private MoneyBuy houses at 50% of value. Buys a house at $55K. Private lender loans $57K. Payment is $350. Buyer pays $850. He keeps $500 monthly and is not a landlord. He keeps the $10K down payment.Mitch has borrowed $14 Million privately. 8% interest only.In five years, he makes $44k over 5 years. His note in five years has extra value, and can be sold.Mitch uses outbound calling to find leads. He targets people with indications people are having problems or struggling with their house. Postcards go to people they talk to who sound open. Skip trace - TLO.Best Advice for a new InvestorAlwats check referencesOnce you find a strategy you want to do, then stop with free learning and pay a successful mentor who can show you the right way to invest in your strategy.He advertises in Spanish on Facebook Marketplace. Livecomm.com. He has 8700 people on his text list who called his signs. He texts everyone who signed up with photos of photos of his newest house. He averages 8 days to sell a house.Mitch Stephen is the author of the book series MY LIFE & 1,000 HOUSES....- His first book came out in 2008 and was Titled...MY LIFE & 1,000 HOUSES: Failing Forward to Financial FreedomIt is an autobiographical story about how Mitch, as a young entrepreneur, morphed into a professional real estate investor with over a 1,000 house transactions to his credit.In 2014 the second book was released...MY LIFE & 1,000 HOUSES:200+ Ways Find Bargain PropertiesThis book was written to answer the most popular question of the day;"How do you consistently find so many great deals on houses?"In 2016 Mitch published his 3rd book titledMY LIFE & 1,000 HOUSES:Failing forward to financial freedomhttp://www.JayConner.com/mitchbookMitch's course - 25 hours of intense training.http://www.JayConner.com/mitchcourseHis Podcast:http://reinvestorsummit.com-Links for the show notes1) Mitch Stephen Books- https://ub203.isrefer.com/go/book/sc2018/ 2) The Art of Owner Financing 497 - https://ub203.isrefer.com/go/497/sc2018/ 3) $7 book Owner Finance101- https://ub203.isrefer.com/go/oftw/sc2018/ 4) Mitch Generic Webinar Registration - https://ub203.isrefer.com/go/gen/sc2018/ http://reinvestorsummit.com/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. 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 being wealthy is not always a piece of cake The problems being rich can cause for some people How wealth can bring some bigger temptations and options Keeping your wealth to yourself How hiring family to work for you can be a very tenuous move The advantages of hiring employees that are not family What to do when a family member asks you for a loan How vices tend to expand when you have money and a lot of time on your hands Why it’s vital to have discipline when you have a lot of money Why you should consider giving anonymously to charity organizations Why you should be careful about how you spend your overhead Resources: REInvestorSummit.com/ProblemWithBeingRich REInvestorSummit.com/noteservicing REInvestorSummit.com/capital REInvestorSummit.com/aof REInvestorSummit.com/100

Jason Hartman opens the show discussing the need for real estate investors to be flexible with their investment strategies. As conditions change, so too must your approach. What worked 2 years ago might not work today, so invest differently today. Then Jason talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch's start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more. Key Takeaways: [3:02] As real estate investors we have to be flexible and adapt to our changing environment [8:23] We need to keep our mind clean, our mindset clean, so avoid contaminating people [10:59] Slowing sales doesn't necessarily mean a downturn in the market, it could simply be a lack of inventory Mitch Stephen Interview: [16:27] Is self-storage overbuilt? How Mitch tries to minimize his competition [21:54] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one? [26:35] Jason's revelation about commercial vs self-storage real estate back in 2010 [30:09] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full [33:38] Some of the due diligence Mitch does when looking for a facility to buy Website: www.REInvestorSummit.com http://1000Houses.com My Life and 1,000 Houses: Failing Forward to Financial Freedom

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 many investors tend to blow off leads that they don’t think are valuable to themselves, though they could still be valuable to someone Why real estate is often about limiting the amount of liability and responsibilities and why just buying and selling is often the best strategy The reason some people prefer to buy “slum” houses and some people prefer to buy high-end luxury houses Foreclosures, tax liens, and other encumbrances: why these may make properties less attractive to you, but still attractive to someone Why Mitch deals with both primary leads — his own leads — and secondary leads, which others may be interested in How undesirable leads can still be followed up with low offers and turned into other leads, if someone else is interested in them Mitch’s sequence of lists he can use to forward leads to, in the event a property isn’t to his liking Mitch’s mentorship, which focuses on not fitting a square peg into a round hole How through mentorship, people can be challenged and grow in business, with external forces supporting and guiding them Resources: REInvestorSummit.com/privatelenders REInvestorSummit.com/noteservicing REInvestorSummit.com/Grow REInvestorSummit.com/101 REInvestorSummit.com/coaching

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 Mitch believes so strongly in helping others discover their full potential, and how Mitch found his own financial freedom The story of how in 1996, Mitch was able to purchase 45 houses during his first nine months of investing How Mitch used all the setbacks and mistakes he’s made over the course of his career as learning opportunities Why Mitch began the Real Estate Investor Summit Podcast to empower his own learning and growth Why Mitch opens up his yearly vacation to the public to spend it with his listeners and fans How Mitch’s connection to his listeners has opened doors and created opportunities he never imagined Mitch shares anecdotes from interactions with his listeners and stories of how he makes money by helping others How Mitch has successfully monetized his expertise by ensuring that people get value from what they pay for How Mitch and Stephen have opened each other’s eyes to new opportunities Learn more about how you can attend a course in profitable podcasting being taught by Mitch and Stephen Resources: REInvestorSummit.com/Monetize REInvestorSummit.com/Livecomm REInvestorSummit.com/privatelenders REInvestorSummit.com/100 REInvestorSummit.com/coaching

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: How writing a book might help you launch your career, cultivate leads, and build a stronger presence in your industry How writing a book has helped Mitch develop as an entrepreneur Things you can do to get through the writing process, get your book published, and help promote your book once you’ve become a published writer Why books aren’t all that profitable for entrepreneurs – at least not directly, but how they can help potential customers and business partners get to know you The ways you can be consistent from one book to the next to generate recognition Why you don’t necessarily need to have a specific purpose for writing that first book (in fact, it may be more about you than the potential audience and that’s okay too) How the honesty of Mitch’s book is what really resonated with readers and what allows them to relate to him as a person and not just as an investor or potential business partner Why your book doesn’t need to be pretty – as long as it is the truth – especially if it’s the unvarnished truth How the first book often leads to the second book – almost without you ever intending to write another one And the third The fact that writing a book presents you as an authority on the topic and why that is very good for your business The reason you need to write your book and not hire someone to ghostwrite it for you How to use your book to generate leads for your business – and how Mitch does it quite successfully Resources: REInvestorSummit.com/100 REInvestorSummit.com/Everywhere REInvestorSummit.com/Livecomm REInvestorSummit.com/Coaching Love the show? Subscribe, rate, review, and share! Here’s How » Join the Real Estate Investor Summit Community: reinvestorsummit.com Real Estate Investor Summit Facebook Real Estate Investor Summit Twitter Real Estate Investor Summit YouTube Mitch Stephen LinkedIn

In today's episode of The Art of Passive Income, Scott is hosting the podcast solo and he talks with Mitch Stephen—1000Houses.com. Mitch buys houses with other people's money then sells them with owner financing, creating a positive cash flow stream without the headache of being a landlord. A lot like the land niche except with a house on the property, Mitch dives straight into a case study and why it makes sense to buy low and sell the house AS IS under owner finance terms as opposed to renting or fixing and flipping. Listen in as Mitch breaks down his formula of backing into the rent to find the owner finance sales price. Mitch says that the basic core belief of the owner finance system in his strategy is that a person would rather pay a $1000 to own than $1000 to rent, and he figures out how to make that happen. By making it affordable and offering owner finance he is giving an opportunity to those who normally wouldn't be able to buy a home, let alone qualify for one with the traditional banking system. Mitch also delves into: Finding private money Types of properties he looks for Finding the deals The best states to buy in Competition Mitch's strategy is to buy houses with other people's money, so why does he say to “stop asking people for money!” Find out his no ask approach to raising private money and so much more! This podcast is packed full of so much value, it may have put a little twinkle in Scott's eye. Mitch's 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 And, he also hosts the Real Estate Investor Summit Podcast with 25,000 downloads a month! TIP OF THE WEEK Scott: Learn more about Mitch at 1000Houses.com. Take his tip, which is to listen to episode 3 podcast and figure out how to raise money. Don't let money stand in the way of achieving your goals and dreams. Figure out how to leverage it." Mitch: Watch episode #3 of the REInvestorSummit.com podcast. It will help you raise money that will make you money. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

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: How being in order can give you more confidence How becoming organized can save you time and money The ways being more organized can create more leisure time and peace of mind How being more organized can actually help you become more spontaneous The importance of having a good outward appearance Why being unorganized can cause you to be late all the time Ways you can get yourself organized Consequences you could face if you don’t have your books and financials in order Resources: REInvestorSummit.com/Machine REInvestorSummit.com/Everywhere REInvestorSummit.com/coaching REInvestorSummit.com/aof

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: How to handle things when your significant other doesn’t share your faith in your business venture Why it’s important to accept the fact your spouse doesn’t share your passion The need to stop trying to change your spouse’s mind Reasons you have to stop talking about it with your spouse, find someone else to share your passion for business, and focus on your spouse when you’re together Why you need to have money in the bank and what it means for getting your spouse on board The importance of finding a mentor or partner in business How going about your business and making things happen is your best course of action when your spouse is resistant to your business venture(s) Reasons you need to take time to focus on your spouse when the workday is done What it takes to really win your spouse over Why you might want to think twice about bringing your spouse (and other family members) into your business How to get your hands on the first 100 pages of My Life & 1,000 Houses: Failing Forward to Financial Freedom by Mitch Stephen Resources: REInvestorSummit.com/100 REInvestorSummit.com/Grow REInvestorSummit.com/Machine REInvestorSummit.com/aof REInvestorSummit.com/coaching

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: Some reasons you might want to consider bringing in an acquisitions manager to take on some of the tasks you’re handling on your own Getting your mindset prepared to invest in proper training for your new acquisitions manager Being sure to put some thought into deciding on what information you make available to your acquisitions manager and what to keep proprietary to the company The benefits of finding an acquisitions manager from outside of the real estate industry The importance of getting your acquisitions manager into the mindset of always putting the interests of the business first in any deal Why you might want to hire someone motivated by money and driven to do whatever it takes to get that next check-in How hiring someone with no motivation to strike out on their own can work to your company’s benefit Helping your acquisitions manager land a big deal or important contract by setting out smaller tasks for them to accomplish along the way The importance of keeping your acquisitions manager engaged by keeping the lines of communication open and providing constant feedback Inspiring your acquisitions manager to push even harder by making it a point to reward success right away Making sure you keep your acquisitions manager focused on their own job and not distracting with other tasks Why you might want to consider finding a permanent place in the upper hierarchy of your organization for an outstanding acquisitions manager starting to look for other opportunities instead of firing them The way it helps to carve out time to personally engage with your staff during monthly or quarterly outings Resources: REInvestorSummit.com/PATLive REInvestorSummit.com/Machine REInvestorSummit.com/aof REInvestorSummit.com/100 REInvestorSummit.com/Coaching

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: Doing one thing really well and not stretching yourself too thin Focusing on a business and getting it to a point where it can run without you before trying to do something else Why your secondary business(es) need to relate to your core business How Mitch got his house buying and selling business so that it worked without him Turning his problem of having more private money than he knew what to do with into a hard money loaning business (and how that business runs without him too) The education business Mitch started after no longer being in the day-to-day of those two companies Mitch’s boat storage business that is yet another stream of income How he turned his travel expenses into a travel business LiveComm: Mitch’s business for handling calls and mass texting Why becoming an expert in one things and creating as many businesses as you can that relate to that one thing is the key for multiple streams of income that actually work Resources: REInvestorSummit.com/101 REInvestorSummit.com/Sly REInvestorSummit.com/coaching REInvestorSummit.com/Machine

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: Mitch’s group coaching: a great option if you can’t afford his one-on-one coaching Why he’ll never sub the group coaching out to anyone else Every question gets answered: why there’s no time limit each week What the regular attendees get out of the coaching that those who show up less frequently miss out on Some of the common topics that discussed from week to week Why it’s easier to learn when working through the real-life situations people bring to the table during these sessions than hypothetical scenarios The 200 archived Q&A’s that you’ll get instant access to when you sign up for the group coaching The process where members get advice from Mitch, apply it, and come back the week later to see if it worked and if anything needs to be adjusted The social proof you will get from seeing other people doing deals and getting money that will build confidence in your own prospects Why Mitch keeps doing the group coaching every week after 5 years Why you can’t measure what this group coaching will prevent you from losing Resources: REInvestorSummit.com/coaching REInvestorSummit.com/Machine REInvestorSummit.com/skiptrace REInvestorSummit.com/100

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 getting into real estate Why having money doesn’t give you an advantage in real estate Mitch’s story: how he was able to achieve success 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: REInvestorSummit.com/nomoney REInvestorSummit.com/Grow REInvestorSummit.com/capital REInvestorSummit.com/coaching

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: Failures and disappointments: just part of your path Why the mentor strategy you chose may have been wrong Doing your due diligence before hiring a mentor Making sure you’re ready before hiring a mentor Why you need to select a business strategy that you believe in Finding a mentor that actually cares about you and your business What qualities to look for in a good mentor Why you need to connect with your mentor and their strategy Why you need to have one-on-one time with your mentor Resources: REInvestorSummit.com/badmentor REInvestorSummit.com/live REInvestorSummit.com/Grow REInvestorSummit.com/101 REInvestorSummit.com/100

My First Book MY LIFE & 1, 000 HOUSES: Failing Forward to Financial Freedom MY LIFE & 1, 000 HOUSES: Failing Forward to Financial Freedom by Mitch Stephen is an exhilarating book of an amateur entrepreneur who stumbles upon the long standing revelations of business, money, love and life while struggling to find financial freedom. The […] The post Pensacola Business Radio: Guests-Mitch Stephens My life and 1000 Houses appeared first on Business RadioX ®.

Mitch Stephen Episode We’ve all heard of the various benefits of real estate investing with buy & holds, wholesaling, and of course fix & flipping.  A lesser known strategy is that of seller financing.  This is the subject of today’s episode of the Hard Hat Holly podcast, when Holly sits down with real estate investor, author, and master of creative financing, Mitch Stephen.   Mitch has been investing for 22 years in San Antonio, Texas.  He started out with the buy and hold strategy, with an excess of 25 houses, but soon discovered that this method was not for him.  He was tired of dealing with broken air conditioners and delinquent tenants.  Who wouldn’t be?  He then discovered owner financing where he collects an average of $8,000 per house for the down payment, then the subsequent monthly cash flow goes directly into his back account and not towards the repairs and maintenance of the property.  Today we’ll dive into more of this part of Mich’s story and why he much prefers being the bank to being the landlord. Mitch will also educate us on the differences between one time cash (profits made from fix & flips or wholesaling) vs. temporary cash (money made from owner financing, as these notes have a definite end date) vs. forever cash (this is the rental profit from something you own).  Today, Mitch chooses to use his one time and temporary cash to fund his forever cash deals, which are primarily in storage units.  With storage units, he no longer has to deal with toilets, leaky sinks, stained carpet, or broken windows and who wouldn’t love that kind of low maintenance!     Links Go to www,HardHatHolly.com/55 for the free download  reinvestorsummit.com Livecomm.com  Free Download  Go to www,HardHatHolly.com/55 for the free download which will be the first 100 pages of Mich Stephen’s latest book, My Life & 1,000 Houses: Failing Forward to Financial Freedom. 

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 selling those properties with Owner Financing. Cash4Houses.NET (Buying Site) Homes2Go.NET (Selling Site) MoatNoteServicing.com (Note Servicing) STORAGE FACILITY OWNER: The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating a note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages around the lake, and the storage business has grown to over 1,100 storage doors in 16 locations: CanyonLakeStorage.com FlourBluffStorage.com RockportFultonBoatStorage.com 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 1000houses.com/the-book EDUCATOR: Mitch offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses, Selling Notes with little to NO Discount, and helping others deal with the every day throws of life in business. He is very familiar with Dodd-Frank, RMLOs, S.A.F.E. Act, Texas Property Code, Truth -in-Lending, R.E.S.P.A. and the legal options available in the owner finance domain. 1000Houses.com 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 advertising Owner Financed Houses. http://LiveComm.com Mitch as recently been named one of the Top 9 RE Investors to follow on Twitter. Nine Twitter Accounts For Aspiring Real Estate Investors To Follow Check out this article and the great company of fellow RE Investors Mitch is proud to be associated with. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Mitch Stephen, Famous Author, Visionary & Real Estate Giant, talks to Host Felecia Phillips Curtis about insider secrets to real estate investing that can help you fire your boss!Mitch Stephen helps INVESTORS FIND THEIR FINANCIAL FREEDOM and CREATE A LIVESTYLE THEY CHOOSE.Mitch is the author of the "MY LIFE & 1,000 HOUSES" series which consist of 3 books and counting…MY LIFE & 1,000 HOUSES: Failing Forward to Financial FreedomMY LIFE & 1,000 HOUSES: 200+ ways to Find Bargain PropertiesMY LIFE & 1,000 HOUSES: The Art of Owner FinancingMitch specializes in the strategy of Buying with "Other People's Money" (OPM) and then selling with Owner Financing…an inventive way to have cash flow without being a landlord. Mitch is THE BANK! …and his strategy deals exclusively WITHOUT banks…so he does well in the good times and he booms in the bad times.He speaks all over the country and students all over the nation.His favorite thing to do in life is to help people fire their bosses.His REAL ESTATE INVESTOR SUMMIT podcast goes out 3 times per weekYou can find this podcast at REInvestorREInvestorSummit.comYou may find Mitch's books, webinars, podcasts and a ton of FREE STUFF at 1000Houses.comReal Estate Insiders Radiohttp://businessinnovatorsradio.com/real-estate-insiders-radio/

In this episode Mitch Stephen, Famous Author, Visionary & Real Estate Giant, talks to Host Felecia Phillips Curtis about insider secrets to real estate investing that can help you fire your boss!Mitch Stephen helps INVESTORS FIND THEIR FINANCIAL FREEDOM and CREATE A LIVESTYLE THEY CHOOSE.Mitch is the author of the "MY LIFE & 1,000 HOUSES" series which consist of 3 books and counting…MY LIFE & 1,000 HOUSES: Failing Forward to Financial FreedomMY LIFE & 1,000 HOUSES: 200+ ways to Find Bargain PropertiesMY LIFE & 1,000 HOUSES: The Art of Owner FinancingMitch specializes in the strategy of Buying with "Other People's Money" (OPM) and then selling with Owner Financing…an inventive way to have cash flow without being a landlord. Mitch is THE BANK! …and his strategy deals exclusively WITHOUT banks…so he does well in the good times and he booms in the bad times.He speaks all over the country and students all over the nation.His favorite thing to do in life is to help people fire their bosses.His REAL ESTATE INVESTOR SUMMIT podcast goes out 3 times per weekYou can find this podcast at REInvestorREInvestorSummit.comYou may find Mitch's books, webinars, podcasts and a ton of FREE STUFF at 1000Houses.comReal Estate Insiders Radiohttp://businessinnovatorsradio.com/real-estate-insiders-radio/

Mitch Stephen is a real estate investor, educator, and author of three books. I love his book entitled “My Life & 1,000 Houses: Failing Forward to Financial Freedom.” The term ‘failing forward’ is so true for all of us! We learn the most from our failures. We figure out what not to do, what doesn’t work for us personally, and how to do it better the next time. We are all striving to find our niche, the right track that will lead us to success. Mitch made an excellent point – so many people try to master every angle of this business from farms, to investments, to commercial real estate, or residential real estate, but you can’t have your hand in that many pots and expect not to get burned. You are much more likely to succeed if you find that ONE strategy that works the best for you, learn everything you can about it, and hit the ground the running. For Mitch, that niche was owner financing. He shared his journey of failing as a landlord, but discovering the value and profit behind owner financing. He took a strategy he knew he liked and wanted to master, investedin a professional that was already succeeding at it, and learned everything he could so that he too could find success within his chosen niche. There is always going to be someone that knows more than you or has already done what you are trying so desperately to accomplish. Instead of envying them, USE them! Take advantage of their knowledge! Invest in yourself by investing in them. Pay someone to help guide you. We are so busy trying to master every area of this business that we lose sight of the value of investing in our own strengths. Find out how to be like Mitch and chose a strategy, master it, and watch your business soar. It’s easier than you think. Take a listen and find out for yourself.   Show Features Here are some of the key takeaways you get from this episode. The Value of Failing Forward How to Find Your Niche The Ins & Outs of Owner Financing Why You are More Likely to Succeed in a Strategy You Love   Show Links Mitch Stephen's Website Mitch Stephen's Books Mitch Stephen's Podcast

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 1,400 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. 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: The fears we all face: fear of rejection, fear of failure, fear of criticism, fear of loss, fear of change, fear of the unknown Why you need to know that the human body is the most adaptable thing on the planet Why Mitch had to resist the temptation to crawl back to a job when he was struggling on his own Why 90% of your worst fears will never come to pass The Moat Theory: Mitch’s solution for planning for failure before it happens Why you need to recognize that fear exists to get past it Why fear can be a good thing Why you need to break down your fear into smaller pieces Why having a strong why or a worthy goal is crucial for overcoming fear Resources: REInvestorSummit.com/Coaching REInvestorSummit.com/NoteServicing REInvestorSummit.com/Grow REInvestorSummit.com/200+ REInvestorSummit.com/Pro

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 1,400 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. 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 you selling process. What you’ll learn about in this episode: What Mitch delegates and why he recommends you do it too Why you should put as many people as you can on a plan where they get paid when you get paid Moat Note Servicing: Mitch’s daughter Shannon’s service for delegating your payment collection and reporting Mitch acquisition agents (and the acquisition manager) – what are their roles The sales person Mitch subcontracts with and how she manages the home sales Why you should use VAs from the Philippines and why the price you pay is well worth it. Microbilt and Postcardmania: Skip Tracing and Direct Mail services How to decide what can be delegated by tracking your tasks each hour Using Livecomm.com for seller and buyer leads Resources: REInvestorSummit.com/VA REInvestorSummit.com/noteservicing REInvestorSummit.com/live Microbilt.com Postcardmania.com

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 1,400 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. 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 you selling process. What you’ll learn about in this episode: 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 Resources: REInvestorSummit.com/200+ REInvestorSummit.com/coaching REInvestorSummit.com/Pro REInvestorSummit.com/noteservicing REInvestorSummit.com/grow

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 1,400 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. 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 you selling process. What you’ll learn about in this episode: Why you need to build failure into your plan and how to do it What financial freedom really means (it doesn’t mean being rich) Figuring out your freedom number Resources for helping you achieve your financial freedom Resources: REInvestorSummit.com/101 REInvestorSummit.com/coaching REInvestorSummit.com/Pro REInvestorSummit.com/live REInvestorSummit.com/NoteServicing

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 1,400 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. 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.http://LiveComm.com. 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. Listen in to find out what a time saver this system can be for you and your sales team. What you’ll learn about in this episode: Why you need to get into this business without using any of your own money Why the excuses about why you can’t do this business are completely bogus Why it’s not about you — and is about the deal Making people to ask you if they can participate Why you absolutely need private money The numbers game that exists with private money Why begging people for their money is a backwards mindset Why you need to find the deal before you find the deal Why you need to learn to write an effective contract Why you need to learn how to negotiate great deals Resources: REInvestorSummit.com/coaching REInvestorSummit.com/Pro REInvestorSummit.com/live REInvestorSummit.com/NoteServicing REInvestorSummit.com/101

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 1,400 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. 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.http://LiveComm.com. 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. Listen in to find out what a time saver this system can be for you and your sales team. What you’ll learn about in this episode: Mitch’s owner financing strategy and why he developed LiveComm What LiveComm is and how it saves you and you team lots of time LiveComm’s best features: creating text distribution lists, greeting message, forwarding options, responding to live caller and more How Mitch and his students use LiveComm.com to sell houses How to use unique phone numbers for selling different properties Why people are directed to call a prerecorded message How to get the most qualified people to call you Why text messaging is a much better way to reach people than email Segmenting your lists to hit a certain number of customers How other businesses can use LiveComm.com effectively Resources: REInvestorSummit.com/Live REInvestorSummit.com/Capital REInvestorSummit.com/200+ REInvestorSummit.com/101 REInvestorSummit.com/aof REInvestorSummit.com/coaching

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 1,300 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing. Cash4Houses.NET (Buying Site) Homes2Go.NET (Selling Site) MoatNoteServicing.com (Note Servicing) STORAGE FACILITY OWNER: The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages in front of a state park at the lake, and the storage business has grown to over 1,100 storage doors in 16 locations; CanyonLakeStorage.com FlourBluffStorage.com RockportFultonBoatStorage.com 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 1000houses.com/the-book EDUCATOR: Mitch offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses, Selling Notes with little to NO Discount, and helping others deal with the everyday throws of life in business. He is very familiar with Dodd-Frank, RMLOs, S.A.F.E. Act, Texas Property Code, Truth -in-Lending, R.E.S.P.A. and the legal options available in the owner finance domain. 1000Houses.com 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 advertising Owner Financed Houses. http://LiveComm.com What you’ll learn about in this episode: My story and why I started this podcast How to become Financially Free using real estate as the vehicle and using Owner Financing as the primary strategy Why you don’t need money to be successful in creative real estate Why “Owner Financing” is so powerful Why the buy and hold strategy is NOT the best strategy out there Why you want customers to have the mindset of a BUYER– not a TENANT The core belief that fuels the “Owner Financing Strategy” How to get paid to create substantial, long-lasting cash flow Navigating the laws and regulations of Dodd-Frank. Don’t make it complicated. How to get paid 6 TIMES on every deal! How to do it all with OPM (other people’s money) How to calculate a property’s “Owner Finance Value” Where the Owner Financing Strategy works best Why the Owner Financing model booms in the bad times Resources: REInvestorSummit.com/Coaching REInvestorSummit.com/Pro REInvestorSummit.com/Live REInvestorSummit.com/NoteServicing

Mitch Stephen has been flipping houses in San Antonio for over 20 years.  Over that time, he’s managed to purchase over 1000 houses!      He specializes in owner financing properties.    He is also the author of several books.  One is My Life and 1000 Houses: Failing Forward to Financial Freedom, which details his journey in real estate investing and My Life and 1000 Houses: 200+ Ways to Find Bargain Properties.   And just to show you what kind of guy Mitch is, I want to share the story of how I got his first book.   I found out about it when it first came out and ordered it right away.  I didn’t receive it within a day or 2 and, honestly just wanted to say hello to Mitch so I called him.  He promptly drove 45 minutes to my houses and personally delivered the book to me.  That’s incredible service!     In this episode Mitch talked us through a typical owner finance deal where he can buy a house cheap and owner finance it to a buyer as-is.  There are a ton of benefits to doing this instead of renting.    First, he makes money on the sell with a down payment from the buyer.  The buyer does the fix up so that Mitch doesn’t have to.  The collateral for the loan is improved by the buyer making the loan even more secure.  Mitch doesn’t have to pay the property taxes and insurance as he’s sold the house to the buyer.  He also is not the landlord so he doesn’t have to fix toilets or anything else.    There was a lot more detail shared within the episode, so be sure to listen and be ready to take notes.   If you are planning on owner financing properties, you really need to be aware of Dodd-Frank.  Mitch discusses how to make sure you are in compliance using a cool short-cut.   Mitch also discusses why he likes driving for dollars so much and some tips to make it even more profitable.   He also discusses why he doesn’t feel bandit signs work as well as they used to.   You will also find out about his system for knowing which marketing he is doing is producing the calls he receives

In this episode, Mark chats with Mitch Stephen of 1000Houses.com.  Mitch is a self-taught real estate entrepreneur and has been self-employed since 1996.  In that time, he's purchased over 1000 houses!  Mitch is the author of the highly successful book, "My Life & 1,000 Houses: Failing Forward to Financial Freedom" and the soon to be released book, "My Life & 1,000 Houses - 200 + Ways to Find Bargain Properties".     Mitch specializes in owner financing to individuals left behind by traditional lending institutions and is passionate about giving new life to properties that scar the neighborhood.  His success is inspiring and he offers great tips you can use to get started.  According to Mitch, "It all starts with a deal" and he's here to simplify the process of getting your real estate business off the ground.   Mitch generously offers his new book absolutely FREE to Best Passive Income Model listeners for a very limited time.  See the details in the Tips of the Week below.   Thank you for listening to The Best Passive Income Model podcast.  Your support helps me attract great guests who share knowledge that you can use to grow your business. If you'd like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on iTunes.   To show my appreciation, I'll enter your name into my monthly Investor's Toolkit giveaway.   Just follow these easy instructions to enter the drawing   Tip of The Week: Mitch: Get a FREE download of his new book, "My Life & 1,000 Houses - 200 + Ways to Find Bargain Properties".  This is a MUST READ and Mitch is generously offering it to my listeners for FREE.  Simply go here to download the Kindle version of the book absolutely free.  But hurry, this offer expires May 25, 2015.   Bonus Tip: If it's the only thing you do this year, find someone and learn how to solve the problem of private money. Mark: Learn more about Mitch at 1000Houses.com and don't forget to get the Kindle version of his new book FREE here.