Ritter on Real Estate Investing In Over 2,000 Real Estate Deals With Mitch Stephen
Mitch Stephen has been a self-employed RE investor for 25+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
Mitch Stephen has purchased well over 2,000 houses in and around his hometown of San Antonio, TX. A high school graduate, who never stopped learning. Books, CDs, seminars and webinars were his classroom.
Today he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar the neighborhoods.
He has perfected a method of achieving cash flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.
He has pioneered the idea that you don’t have to give discounts to sell your notes.
A passionate speaker who delivers the message of integrity first and profits second; an expert at keeping it simple and explaining, in plain English, the theories that made him financially independent. He is always an inspiration to those around him.
Mitch has been interviewing for his podcast for over 3 years and has more than 400 great guests. Link here: www.1000houses.com
Key Points From The Episode:
- How Mitch Stephen stumbled into real estate investing. Buying 45 houses his first year.
- Seeing opportunities everywhere as an entrepreneur.
- Buying his first 100 houses with credit cards.
- Owning multiple other businesses allowed him to invest in real estate.
- How to develop partnerships with other individuals.
- Developing “Cash Forever” strategies.
- The advantages of using seller financing.
- Doing on average 100 deals per month.
- Why buying properties undervalue is essential.
- Money is made on the buying of a property, not the selling.
- Loaning money to other real estate investors.
Books mentioned:
- The Bible
- Think & Grow Rich By Napoleon Hill
- Nothing Down By Robert Allen
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Production by Outlier Audio