1000Houses.com Podcast

1000Houses.com Podcast

By Mitch StephenBusinessInvestingCareers
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1000Houses.com Podcast episodes

  • Episode 43: How to Select the Best Partners

    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

    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
      • 27 min
      • Episode 43: How to Select the Best Partners

        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





        27 min
      • Episode 42: Case Study: From Grocer to Real Estate Investor

        Richard Shelton was born and raised in southeast Oklahoma where he started working in his family’s grocery store at the age of 12. His grandpa started in the grocery business in 1936. His family continued his grandfather’s legacy until they sold the stores in 2014. During his 29 years in the business there were drastic changes in the grocery industry.

        So Richard decided to try his hand at real estate and he did a lot of research into several different coaching programs and was most impressed with Mitch Stephen’s program.

        What you’ll learn about in this episode:

        Richard’s background
        What he learned going through his first deal
        Richard’s goal of meeting both his and his wife’s freedom number so that she could retire from teaching
        What Richard’s typical deals look like today
        Why you need a mentor and an attorney very early on
        Why Richard is considering using LiveComm.com for his phone collection and answering needs
        Richard’s goals for next year and the years going forward
        Resources:
        REInvestorSummit.com/aof
        REInvestorSummit.com/coaching
        REInvestorSummit.com/Pro
        REInvestorSummit.com/101
        REInvestorSummit.com/live
        REInvestorSummit.com/capital





        41 min
      • Episode 41: The Moat Theory

        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

        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
          • 20 min
          • Episode 41: The Moat Theory

            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





            20 min
          • Episode 40: Technology That Sells

            As Managing Member of Rylex Capital, LLC, Nick leads a diverse team of real estate focused professionals; primarily representing Hispanic home buyers throughout the Texas. The properties purchased and sold through Nick’s direction are usually single family homes with a maximum market value of $150,000.

            Respected by his colleagues for his creative deal structuring, problem solving and leadership skills, Nick possesses the singular ability to empower his colleagues to create a collaborative, cooperative team. Continuously stressing the importance of building and maintaining systems and relationships, he provides associates guidance with the market knowledge, technology and resources they require to effectively meet their client’s needs.

            Originally from Phoenix, Nick earned degrees in Operations Management and MIS from the University of Arizona. His corporate career included positions with Motorola, PepsiCo and Baskin-Robbins as well as several tech startups before shifting his focus to real estate. Nick resides in Plano, Texas with his wife and two children. Nick enjoys traveling with his family, coaching, volunteering weekly at a local food pantry and church sponsored mission trips.

            What you’ll learn about in this episode:

            Why Nick changed from flipping to owner-financing
            Why Nick uses LiveComm.com for his phone number collection
            How Nick has been able to increase the amount he receives as a down payment on his owner-financed houses
            The kinds of people that Nick would lend to that would get declined by the bank
            Why it’s so important to spend time with like-minded people
            How much business Nick has done this year and the kinds of deals he’ll work on
            Why you need to monetize every lead
            Why Nick gets to a contract as fast as possible
            Nick’s organizational structure
            Why Nick focuses on systems that can accomplish tasks fast
            Why you should have people who get paid when you get paid rather than employees
            Why Nick uses overseas virtual assistants
            Resources:
            REInvestorSummit.com/Live
            REInvestorSummit.com/noteservicing
            REInvestorSummit.com/200+
            REInvestorSummit.com/101
            REInvestorSummit.com/sold
            REInvestorSummit.com/coaching





            1 hr 12 min
          • Episode 39: A CPA Conversation

            Craig Cody is a Certified Tax Coach, Certified Public Accountant, Business Owner and Former New York City Police Officer with 17 years experience on the Force. In addition to being a Certified Public Accountant for the past 15 years, he is also a Certified Tax Coach. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best seller book, Secrets of a Tax-Free Life.

            What you’ll learn about in this episode:

            Craig’s background
            What proactive tax planning is and how it can help minimize your taxes
            Why choosing the wrong entity for your business is a huge mistake
            The estate planning services Craig Cody’s business provides
            Why you need to constantly plan with a CPA (not just once a year)
            Doing bookkeeping the right way from the beginning
            Utilizing solo 401k plans and the need to have a CPA to do it correctly
            How often to speak with your CPA
            Little things that investors frequently miss
            Craig’s books “10 Biggest Tax Mistakes That Cost Real Estate Investors Thousands” and “Secrets of a Tax Free Life”
            The ripple effect of taxation that business owners create
            Resources:
            REInvestorSummit.com/cody
            REInvestorSummit.com/Capital
            REInvestorSummit.com/101
            REInvestorSummit.com/NoteServicing
            REInvestorSummit.com/aof

            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
              • 41 min
              • Episode 39: A CPA Conversation

                Craig Cody is a Certified Tax Coach, Certified Public Accountant, Business Owner and Former New York City Police Officer with 17 years experience on the Force. In addition to being a Certified Public Accountant for the past 15 years, he is also a Certified Tax Coach. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best seller book, Secrets of a Tax-Free Life.

                What you’ll learn about in this episode:

                Craig’s background
                What proactive tax planning is and how it can help minimize your taxes
                Why choosing the wrong entity for your business is a huge mistake
                The estate planning services Craig Cody’s business provides
                Why you need to constantly plan with a CPA (not just once a year)
                Doing bookkeeping the right way from the beginning
                Utilizing solo 401k plans and the need to have a CPA to do it correctly
                How often to speak with your CPA
                Little things that investors frequently miss
                Craig’s books “10 Biggest Tax Mistakes That Cost Real Estate Investors Thousands” and “Secrets of a Tax Free Life”
                The ripple effect of taxation that business owners create
                Resources:
                REInvestorSummit.com/cody
                REInvestorSummit.com/Capital
                REInvestorSummit.com/101
                REInvestorSummit.com/NoteServicing
                REInvestorSummit.com/aof





                41 min
              • Episode 38: Private Money: How to Getcha Some

                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





                19 min
              • Episode 37: His First Year Full-Time

                Bill Young has started and ran small businesses since his 20’s (he’s 65 now), and has studied with many real estate investors during that time.

                Bill met Mitch in 2006 or so at the San Antonio Real Estate Investors Association when he was living there. Not long after that, the real estate bubble burst, and he was not positioned to buy properties in the down market that followed.

                He returned to his second home in Baja California, Mexico for the next few years and just returned to Texas a couple of years ago. Bill knew It was time for me to get involved in real estate investing, so he contacted Mitch to get involved in his mentoring program.

                In February 2016 he sold some assets and bought 4 houses that he began rehabbing. He learned many lessons the hard way as to why Mitch encourages people to buy livable houses at low prices and resell them without doing any, or very little work on them.

                He still has three of the original 4 houses that he is trying to sell, but in the meantime he has bought one house with private money and resold it for twice what he paid for it- without doing anything to it! He is now a complete convert to the owner financing way of real estate investing.

                What you’ll learn about in this episode:

                Bill’s background
                While Bill is glad he’s spent a lot of money on seminars throughout the years
                Bill’s early rehab deals and why he’s done into owner financing since then
                Why you shouldn’t rehab houses
                Bill strengths and weaknesses
                Having a real estate mentor that doesn’t live where you are
                Why you absolutely need a mentor
                Advice Bill has for young people wanting to get into real estate
                Resources:
                REInvestorSummit.com/coaching
                REInvestorSummit.com/Pro
                REInvestorSummit.com/Grow
                REInvestorSummit.com/Live
                REInvestorSummit.com/101





                34 min

              About 1000Houses.com Podcast

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              Real Estate Investor Summit Podcast is focused on teaching others to gain financial freedom through real estate. Interviews with investors, coaches, and instructors who tell amazing stories and…

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