Welcome to another exciting episode of the Deal Finders Podcast! This time, we’re sitting down with Michael McDonald, a real estate investor who has closed over 200 deals with zero marketing dollars. Michael shares his inspiring journey from being a nutritionist in corporate America to becoming a successful full-time real estate entrepreneur. Learn how he took bold risks, like investing $40,000 on credit in his education, and turned them into a thriving business operating across multiple markets.

 

Michael dives into actionable strategies for finding deals in your local market, including his first deal that cost $0 in marketing and netted $20,000. Plus, we break down the importance of collaboration, building a network, and solving big problems for homeowners. Whether you’re a seasoned investor or just starting out, this episode is packed with tips to help you take the leap into real estate investing.

 

Episode Highlights:

[0:00] - Introduction to Michael McDonald and his journey to closing 200+ deals.

[3:12] - Michael’s transition from corporate America to real estate investing.

[6:45] - The risk of investing in a $20,000 coaching program—and how it paid off.

[10:08] - Michael’s first deal: A $0 marketing strategy that brought $20,000 profit.

[15:17] - Why speed and determination are key in real estate investing.

[18:32] - The power of collaboration and mentorship in closing deals.

[22:40] - Breaking down a complex deal involving foreclosure, probate, and loan reinstatement.

[27:56] - How beginners can identify distressed properties and start making offers today.

[30:45] - Leveraging agent relationships to build a steady deal flow.

 

5 Key Takeaways:

1. Anyone Can Succeed in Real Estate: Your background doesn’t matter. Michael transitioned from being a nutritionist to thriving in real estate by learning the fundamentals and taking action.

2. The Power of Education and Mentorship: Investing in a $20,000 coaching program was a bold move for Michael, but it provided him with the skills and confidence to close his first deal.

3. $0 Marketing Strategies Work: Michael’s first deal—a For Sale by Owner property—demonstrated that a simple phone call can lead to a significant profit with zero marketing spend.

4. Speed and Resourcefulness Are Key: Acting quickly and leveraging connections, like mentors and agents, can help you stay ahead in competitive markets.

5. Collaboration Fuels Success: Working with mentors, agents, and even competitors can lead to stronger deals and a better understanding of the industry.

 

Links & Resources:

• Connect with Michael McDonald on Instagram: @TheVirtualMillionaire

• Learn more about Michael’s podcast, The Virtual Millionaire Show: Visit Here

• Visit Michael’s website: TheVirtualMillionaire.com

• Join the Deal Finders Community: DealFindersClub.com

 

Closing Notes:

Thank you for tuning in! Don’t forget to subscribe to the Deal Finders Podcast for more actionable insights and strategies to grow your real estate business. If you enjoyed this episode, please rate, follow, and share it with someone who needs inspiration to get started in real estate. Remember—opportunities are everywhere; you just need to take action! See you next time!