329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia

May 9, 2019

Felipe Mejia, a real estate investor who achieved financial freedom before 30, shares his remarkable journey from a $3,000 mobile home to owning 10 units. He discusses his unique 'no-why principle' for overcoming rejection and how he smartly leveraged Airbnb to buy back his time. Felipe also reveals how a booming construction industry helped him rent rooms to workers and shares his surprising personal transformation after realizing he was in the wrong profession. His story is packed with inspiration and practical advice for aspiring investors!

01:30:43

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ANECDOTE

Early House Hacking

Felipe's mother gifted him a mobile home for graduation, encouraging him to "go fish".
He rented out a room, covering lot fees and living expense-free during college.

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ANECDOTE

Transition to Single-Family

Despite his police officer aspirations, Felipe continued his real estate journey.
He used the mobile home sale proceeds as a down payment on a single-family house.

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ANECDOTE

Police Academy Setback

After years of pursuing his dream, Felipe was dismissed from the police academy after three days.
This devastating experience became a turning point in his life.

Get the Snipd Podcast app to discover more snips from this episode

Achieving Financial Freedom Through Strategic Real Estate Investments

01:51 • 3min

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Maximizing Income Through Airbnb and Membership Benefits

05:00 • 2min

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Connecting Through Stories: A Journey into Real Estate

06:41 • 15min

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From Rejection to Resilience

21:14 • 22min

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Achieving Financial Independence Through Real Estate

43:11 • 26min

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Navigating Renovation and Real Estate Challenges

01:09:21 • 17min

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Navigating Ambition and Professional Identity

01:26:06 • 5min

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This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.

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The Miracle Morning

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The Miracle Morning by Hal Elrod provides a step-by-step process to transform your life by starting your day with six powerful practices: Silence (meditation), Affirmations, Visualization, Exercise, Reading, and Scribing (journaling). This updated and expanded edition includes new content such as The Miracle Evening and The Miracle Life, helping readers optimize their bedtime and sleep, and begin their path to inner freedom. The book has helped millions of people become the person they need to be to create the life they’ve always wanted.

Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence!

Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it!

You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it!

This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate.

Download it today!

In This Episode We Cover:

How he took his disappointment from missing out on a police career and turned it into RE investing success
His “no-why principle”
How he got his wife to buy into his vision
How he took advantage of a booming construction industry to rent rooms out to builders
His advice for pushing through being told no
How he would listen to the BiggerPockets podcast in headphones while working in a construction job
Real estate replacing his full time job before age 30
Delegating the work of his various businesses
How he lives for free in Nashville
How he leverages out communicating with his Airbnb guests and loves it
How he got paid $30,000 on a property he paid $3,000 for
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
PNW Real Estate Wealth Expo
BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
BiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan
BiggerPockets Pro
BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
BiggerPockets Bookstore
PayNearMe
BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
The Founder | Netflix
David’s Instagram
Brandon’s Instagram

Books Mentioned in this Show

Miracle Morning by Hal Elrod
Rich Dad Poor Dad by Robert Kiyosaki
Richest Man in Babylon by George S Clason
Lifeonaire by Steve Cook
Why the Rich Are Getting Richer by Robert Kiyosaki

Tweetable Topics:

“Success is the other side of fear.” (Tweet This!)
“People stop at no and don’t ask why.” (Tweet This!)
“Do whatever works for you.” (Tweet This!)
“My rentals feed my life, my flips feed my rentals.” (Tweet This!)

Connect with Felipe

Felipe’s Company Website
Felipe’s Instagram
Felipe’s BiggerPockets Profile

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