What happens when you take a leap of faith, quit your stable job, and dive headfirst into the volatile world of real estate?

 In this compelling episode of the REI Freedom Podcast, Jeremy interviews Michael McDonald, a dedicated real estate investor who turned his life around from being $50,000 in debt to earning multiple seven figures through virtual real estate investing. Michael, originally from a small town in Nebraska, shares his inspiring story of persistence, from working a grueling 9-to-5 job to relocating to Las Vegas and grinding out his first deals.
 
They discuss creative financing strategies like novations, generating leads, and leveraging local expertise while operating virtually. Michael's key advice for new investors? Know your 'why' and focus on the quality of deals, not just the quantity. Tune in to learn how you can navigate the ups and downs of real estate to achieve financial freedom.

Time Stamps

00:00 Introduction to REI Freedom Podcast

00:47 Meet Michael McDonald: From Debt to Success

02:31 Michael's Early Life and Move to Las Vegas

03:16 Starting the Real Estate Journey

07:20 Challenges and Breakthroughs in Real Estate

14:30 Scaling the Business and Achieving Success

18:52 Balancing Work and Family Life

19:25 Starting the Business and Early Challenges

20:46 Scaling the Business and Building a Team

21:18 Current Business Model and Operations

23:41 Generating Leads and Marketing Strategies

26:25 Maximizing Wholesale Deals with Creative Financing

30:08 Advice for New Real Estate Investors

31:36 Reflecting on the Journey and Lessons Learned

32:44 Defining REI Freedom and Its Importance

Connect with Michael here:
Facebook Group:  https://bit.ly/4gbxLtu
Instagram: https://www.instagram.com/michaelmcdonaldrei
Youtube: https://www.youtube.com/@thevirtualmillionaireshow
Website: https://www.thevirtualmillionaires.com/


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