The Active Duty Passive Income Podcast Carving a Niche in Underwriting With Michael Scanlon │Ep 287
This week Kevin catches up with college buddy Michael Scanlon, who went from being an athlete/model/student to venturing into the real estate arena and closing deals as his own broker. Listen to how he has achieved a personal net worth just short of $2m and has done so through wise usage of numbers from liquidity hacks at the purchase to cost segregations, and more. Michael's journey is an inspiring example of what can be achieved through hard work, strategic thinking, and a willingness to learn and adapt. His story is a testament to the power of taking control of your life and venturing out of your comfort zone to pursue your passions.
"Maximize liquidity early on to have a buffer on your first deal or two (or all of them)."
-Michael Scanlon
Here are 5 Key Takeaways from this episode:
- When did Michael take action and what did it look like?
- Strategy and doing the work upfront can lead to carving out your niche
- Maximizing liquidity by having the closing cost
- Staying humble but also having value
- Get over analysis paralysis and take action
Honorable Mentions & Useful Links:
Connect with Michael Scanlon:
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