Summary
Mason Miranda shares his journey from zero real estate experience to acquiring 36 units in just five months. He discusses how meeting his wife sparked a desire to do more and become an entrepreneur.
Mason explains how he joined Action Academy and built relationships to learn and grow in the real estate industry. He emphasizes the importance of tracking progress and taking action.
Mason also shares insights into finding and negotiating deals, as well as the strategies he used to partner with others. In this conversation, Mason Miranda shares his experience in real estate investing, specifically in multifamily properties. He discusses the negotiation process for purchasing properties and highlights the importance of leaving room for further negotiation.
Mason also talks about the composition of his team and the financing structure for his deals. He explains why he chose equity ownership over private money lenders and the roles he and his mentor play in the projects.
Mason shares insights into cash flow and ownership percentages, as well as his decision to focus on multifamily properties instead of single-family homes. He concludes by discussing his future goals and offering advice for new investors.
Takeaways
- Building relationships and networking are crucial in real estate investing.
- Tracking progress and documenting the journey can provide valuable insights and help optimize systems.
- Joining a community or program can provide mentorship, education, and networking opportunities.
- Partnering with others who complement your strengths and weaknesses can lead to successful deals.
- Negotiating terms and understanding financing options are key in real estate transactions. Negotiating the purchase price of a property is crucial, and it's important to leave room for further negotiation.
- Building a strong team is essential in real estate investing, and having a mentor can provide guidance and support.
- Equity ownership can be a favorable financing option compared to private money lenders, as it allows for more control and potentially higher returns.
- Multifamily properties offer the potential for faster cash flow and scalability compared to single-family homes.
- Networking and joining a community of like-minded individuals can provide valuable resources and opportunities for growth.
- Seeking capital partners can help fund real estate deals and accelerate portfolio expansion.
Watch Full Podcast:
https://www.youtube.com/watch?v=hzDsVUX9hwA
Connect with Mason:
https://www.instagram.com/therealmanmiranda/
Action Academy:
https://www.actionacademypod.com/
Chapters
00:00
Introduction and Background
05:10
Discovering Real Estate and Entrepreneurship
12:31
Joining Action Academy and Building Relationships
19:29
Taking Action and Tracking Progress
24:52
Finding Deals and Partnering Up
32:09
Analyzing and Negotiating Deals
32:38
Negotiating the Purchase Price
33:35
Team Composition and Financing
35:02
Equity Ownership vs Private Money Lender
36:20
Roles of Mentor and Protege
37:17
Cash Flow and Ownership Percentage
38:41
Choosing Multifamily
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