In this episode of the Properties to Profit podcast, I share a rollercoaster experience of being sued by a seller after closing escrow on a property deal. What began as a seemingly straightforward transaction quickly spiraled into a complex legal battle involving hidden liens, environmental fines, and a determined seller who refused to honor the original agreement. I take you through every twist and turn of this case, from discovering unexpected debts and negotiating new terms to navigating the legal maze that followed. This episode is packed with valuable lessons about the realities of real estate investing, the importance of due diligence, and the challenges of managing unexpected disputes.

Tune in to hear how I managed to turn this potentially disastrous situation around, what strategies I used to minimize losses, and the key takeaways for anyone involved in real estate. Whether you're a seasoned investor or just starting, this story is a must-listen for understanding the unpredictable nature of property deals.

[00:00] - Introduction

[00:41] - The bombshell: I was sued by a seller after the close of escrow.

[01:00] - How it all started: A seller contacts me to sell a house quickly.

[03:08] - Discovery of hidden liens and environmental fines totaling $60,000.

[04:35] - Negotiating with the seller amidst mounting costs and complications.

[07:00] - The deal goes through, but the problems continue with new demands and threats of lawsuits.

[10:30] - Mediation and the unexpected twists that followed in court.

[13:45] - Lessons learned: Handling legal challenges, keeping documentation, and the importance of integrity in real estate deals.

• Follow me on Instagram: @RealEstateMike02

Thank you for tuning in to this episode of the Properties to Profit podcast! If you found this story insightful, please rate, review, and share the show with others who might benefit. Don’t forget to subscribe and follow me on social media for more real estate tips and updates. Until next time, keep turning properties into profits!

In this episode of the "Properties to Profits" podcast, I'm diving deep into the concept of fear—what it really is and how it often holds us back from achieving our full potential. I explore the idea that fear is just "false evidence appearing real," sharing personal stories from my journey in real estate and entrepreneurship where fear tried to stop me, but I pushed through. I discuss the importance of facing fear head-on, taking risks, and not letting the doubts or anxieties of others dictate our path. Whether it's launching a new venture, making a big life change, or simply pushing beyond comfort zones, this episode is all about conquering those fears and moving forward with confidence.

Tune in as I share key insights on overcoming mental barriers, practical tips for building resilience, and why embracing fear can lead to some of the most rewarding experiences of your life. If you're ready to turn fear into fuel and start creating the life you truly want, this episode is for you!

Timeline Summary:

[0:00] - Introduction to the episode and today's focus on fear. [1:10] - The story of starting my first business and confronting fear of competition. [2:24] - Real estate fears in 2018: Predictions of a market crash and overcoming skepticism. [4:02] - Building a successful wholesaling and flipping business despite fear and doubt from others. [6:08] - Lessons from failure and how fear is often a false narrative in our minds. [7:42] - Practical steps to face fear, take risks, and build the life you want. [8:55] - Encouragement to challenge your fears and create your own reality.

Closing Remark:

Thanks for tuning in to this episode of the "Properties to Profits" podcast! If you found value in our discussion, don't forget to subscribe, share, and leave a review. Remember, fear is just false evidence appearing real—so go out there, do the work, and turn those properties into profits!

In this episode of the Properties to Profits podcast, I dive into the crucial topic of follow-up in the real estate business. I share some insights from my own company, Oasis Home Buyers, where we've seen firsthand how consistent follow-up on old leads can yield unexpected gold. Whether you’re a seasoned pro or just starting out in real estate, mastering the art of following up could be the key to unlocking significant deals that others might overlook. I also recount a powerful example of a young recruit who, with grit and determination, successfully closed deals on leads that were over two years old. Tune in to discover why persistence pays off and how you can apply these strategies to boost your own success.

[0:00] - Introduction

[00:44] - The importance of follow-up and how it can unlock hidden opportunities in old leads.

[01:36] - Training new sales reps with old leads to build their skills and resilience.

[03:26] - A success story: A 21-year-old recruit closes deals on 720- and 765-day-old leads.

[05:05] - The financial impact of effective follow-up: turning $20,000 in marketing spend into profitable deals.

[06:29] - Encouraging listeners to adopt a diligent follow-up routine to maximize their real estate profits.

[07:48] - Final thoughts on the importance of follow-up and a call to action to engage with the podcast.

• Follow Michael on Instagram: realestatemike02

Thank you for tuning in to today's episode of the Properties to Profits podcast. If you found this episode valuable, please subscribe, share it with others who might benefit, and don't forget to follow me on social media for more tips and updates. Keep turning properties into profits, and remember, the fortune is in the follow-up!

In this episode of the Properties to Profits podcast, I provide an in-depth recap of the WEALTHCON event hosted by Ryan Pineda at Caesars Palace in Las Vegas. This event has been a game-changer for my growth, both personally and professionally, and I wanted to share the key takeaways with you. Over the four-day event, industry leaders covered topics ranging from effective decision-making and business strategies to social media marketing and real estate investment. I also discuss my personal insights on the value of networking, mentorship, and the importance of being present in both your business and personal life. Whether you're new to real estate or a seasoned investor, this episode is packed with actionable advice to help you scale your business and achieve your financial goals.

Timeline Summary: [0:00] - Introduction [00:58] - Introduction to WEALTHCON and its impact on my growth journey. [02:07] - The benefits of attending high-ticket, small-group sessions for deeper insights. [04:14] - Key learnings from Ryan Pineda on social media marketing for the home-buying industry. [08:42] - The importance of creating long-form content and the surprising statistics on content consumption. [10:08] - Brian De Villa’s advice on time management and the power of faith in business. [14:08] - Insights from Chris Lee on scaling a business to a $200M exit in just five years. [16:32] - Tommy Mello’s success story of growing a garage door service company to a billion-dollar business. [19:32] - The significance of taking calculated risks and the necessity of implementing what you learn.

Closing Remarks:

Thank you for tuning into this WEALTHCON recap episode. I hope you found the insights shared as valuable as I did. If you enjoyed this episode, please subscribe, share it with others, and follow me on social media for more tips and updates. Let's keep turning properties into profits together!

In this episode of Properties to Profit, I dive deep into a concept that has been pivotal in my real estate journey—focus. So many people ask me why they aren't achieving the success they desire, whether it's in real estate or any other venture. They often think switching industries or finding a new opportunity is the answer. But I've learned that true success comes from refusing to quit and dedicating yourself to one path until you master it.

I share personal stories from my own business, including how I faced significant challenges with property management and how I overcame them by taking responsibility and implementing new systems. I talk about the importance of following one course until successful (FOCUS) and how it can lead you to break through barriers in your business and personal life.

This episode is a must-listen if you're feeling stuck or considering a shift in your career. Tune in to discover why the problem might not be the opportunity you're pursuing, but rather your approach to it.

[00:00] Introduction to the episode and the importance of focus in achieving success.

[00:47] Why people often consider switching industries and why that’s usually not the solution.

[01:26] The real reason behind my success—refusing to give up and following one course until successful.

[02:18] Overcoming a major setback with a bad property manager by taking responsibility and implementing systems.

[03:57] The critical role of KPIs and systems in rebuilding my rental portfolio.

[04:46] Why I’m not starting new ventures until my current businesses run without me.

[05:56] Identifying and addressing personal weaknesses, like management, to break through business barriers.

[06:18] The real problem might be you—not the opportunity. Here’s how to identify and fix it.

If you enjoyed this episode, don't forget to subscribe and share it with others who might benefit. Let's keep turning properties into profits, together!

In this episode of the Properties to Profits podcast, I dive into a crucial yet often overlooked topic: the importance of prioritizing health and fitness in your daily routine, especially as you pursue financial and business success. I share my personal journey of integrating regular workouts into my life, discussing how making fitness a non-negotiable part of my day has significantly boosted my energy, productivity, and overall well-being. I challenge you to examine your own habits and consider how placing your health first could positively impact not just your personal life, but your career and financial goals as well. Whether you're just starting out or looking to refocus, this episode is packed with motivation to help you make health a priority, starting today.

[00:00] - Introduction to the episode and the importance of health in business success.

[00:51] - The critical question: If health is so important, why aren’t you prioritizing it?

[02:10] - My personal fitness routine: Getting up at 4:30 AM every day to work out.

[03:16] - The benefits of regular exercise: Increased energy, focus, and productivity.

[04:10] - The impact of carrying extra weight on long-term health and life milestones.

[05:25] - How prioritizing health improves job performance and financial success.

[06:18] - A 90-day challenge: Committing to daily movement and the snowball effect of consistency.

[07:08] - Closing thoughts and a call to action to start prioritizing your health today.

If you enjoyed this episode, please take a moment to subscribe, share it with others, and follow me on social media for more tips on turning properties into profits while staying healthy and fit. Your health is your wealth—start making it a priority today!

In this episode of the Properties to Profits podcast, I share a powerful story about the importance of saying "no" and how it led to an unexpected $25,000 profit in my real estate business. I dive into a recent experience where I prioritized time with my daughter over a seemingly lucrative deal and how that decision ultimately paid off in more ways than one. You'll hear how we managed a challenging situation with a difficult buyer, the steps we took when the original deal fell through, and why having access to capital is crucial in the wholesale business. If you've ever struggled with balancing work and personal life or wondered how to handle pushy buyers, this episode is for you.

Timeline Summary: [0:00] - Introduction

[00:21] - Introduction and setting the stage: How saying "no" saved me $15,000.

[01:05] - Personal story: Prioritizing time with my daughter and the boundaries I set.

[02:10] - The deal: Assigning three properties and the issues that arose.

[03:26] - The challenge: Dealing with a problematic buyer and an untrustworthy lender.

[05:00] - Decision time: Walking away from a $50,000 deal to protect personal time.

[05:37] - The outcome: Turning a potential loss into a $75,000 profit by taking the properties to market.

[07:16] - Lesson learned: Why saying "no" and having cash on hand are game-changers in real estate.

Closing Remark: Thank you for tuning in to the Properties to Profits podcast! If you enjoyed this episode, please subscribe, share, and leave a five-star review. Don’t forget to share this episode with someone who might benefit. Until next time, keep turning properties into profits!

In this Monday Mindset episode of the Properties to Profit podcast, I dive into one of the most crucial skills for personal and professional success: learning how to say no. This episode is all about reclaiming your time and focusing on what truly matters, whether it’s growing your income, improving your health, or spending more quality time with loved ones. I share personal stories, including my journey from a challenging period in 2018, to illustrate how saying no can be a game-changer in achieving your goals. By the end of this episode, you’ll have a clear strategy for identifying tasks that aren’t worth your time and energy, and how to confidently decline them to pave the way for greater success.

Join me as I explore the mindset shifts and practical steps that can help you start saying no to distractions and yes to the things that move the needle in your life. Whether you’re aiming for a higher income, better health, or more fulfilling relationships, this episode will inspire you to take control of your life by mastering the art of saying no.

Episode Highlights with Timestamps:

[00:00] - Introduction to the Monday Mindset episode and the importance of learning to say no.

[01:09] - How saying no has helped me build success in business and life, starting from a challenging time in 2018.

[02:28] - The first step to saying no: Defining who you want to be and what you want out of life.

[03:21] - Calculating your worth: Why it’s crucial to say no to tasks that don’t align with your income goals.

[05:17] - Practical examples of outsourcing tasks and focusing on high-value activities.

[06:42] - Doubling down on skills that matter, and how saying no helped me surpass my income goals.

[09:21] - The power of implementing what you learn and avoiding the trap of passive consumption.

[10:24] - Learning to say no as a continuous process: Growing and reevaluating your priorities.

[13:47] - Applying the four F’s (Family, Faith, Fitness, Finances) to your decision-making process.

[14:50] - Closing thoughts: What will you say no to this week to hit your goals?

Closing Remarks: Thank you for tuning in to this episode of the Properties to Profit podcast. If you found value in today’s discussion, please subscribe and share it with others who might benefit. Remember, learning to say no is your key to unlocking greater success and fulfillment. Keep turning properties into profits, and I’ll see you in the next episode!