This week’s episode features guest Mike Cavaggioni, the man behind the Average Joe Finances podcast.

Our conversation kicks off with Mike's recount of his rocky start in real estate: buying his first property in 2007, a year before the crippling market crash. He explains how he sold his property at a loss, exploring both determination and how to turn a situation around to succeed despite obstacles.

Just when he thought he'd seen it all, Mike found himself in a familiar scenario. He bought his second property in early 2020, only a month before the COVID-19 outbreak. Tune in to hear how he navigated these stormy waters, proving his resilience once more.

Lastly, Mike shares his perspective on a tool for real estate investors—the power of hosting your own podcast. Discover how having a platform can give you an edge in the industry.

It's a packed episode with plenty of insights to take your real estate investment game to the next level. 

Don't miss this episode!

What we learned from Mike Cavaggioni and Terrie Schauer in this episode:

- How Dave Ramsey's 7 Baby Steps helped Mike pay off his debt.

- The advantage of investing in syndication. 

- How to stay focused on your goals despite experiencing multiple failures in real estate investing.

- The huge disparity between sellers' expectations and interest rates.

- The advantage of dealing with a distressed seller. 

- The story behind the podcast ‘Average Joe Finances’. 

- The unfair advantage of hosting a podcast in the real estate world. 

Quotes:

“I don't think what people realize is that the market shifts.” - Mike Cavaggioni

“I think one of the things that we learn how to do is time block.” - Mike Cavaggioni

“You need to learn whatever it is that you're trying to get into, you need to educate yourself on it.” - Mike Cavaggioni

Timestamp:

[00:00] Podcast intro

[00:57] Mike shares his journey through life that led him to become a real estate investor. 

[07:29] Mike talks about his investments and upcoming profitable projects. 

[09:05] Mike discusses the huge disparity between sellers' expectations and interest rates, and the advantages of dealing with a distressed seller. 

[11:13] Mike recalls the event in Hawaii where there was a slight dip in real estate prices. 

[14:02] Mike shares the story behind his podcast ‘Average Joe Finances’. 

[17:42] Terrie and Mike talk about the advantage of having your own podcast as a real estate investor. 

[21:34] Mike shares the lifestyle hits he had when he started his real estate investing journey. 

[24:38] What should we be talking about in the real estate industry that we're not talking about? 

[31:13] Mike shares his final piece of advice.

[32:18] Podcast outro

Connect with Mike Cavaggioni here: 

LinkedIn: https://www.linkedin.com/in/mikecavaggioni/ 

Instagram: https://www.instagram.com/mikecavaggioni/ 

Website: https://mikecavaggioni.com/ 

Average Joe Finances Podcast: https://www.averagejoefinancespod.com/ 

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: [email protected] 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/