Aug 2, 2021
Raised from the ruins to building a real estate empire! In today's episode, I have our special guest Michael Ealy and he will reveal the chapter of his life that, truth be told - he has been embarrassed about. However, he has decided to share his story to inspire and teach a lesson to all investors, especially newbie investors and that lesson is: You can turn your life around no matter how bleak it is. And real estate investing, IF done correctly - is a proven way to help you achieve your dreams.
Don't miss out and be sure to watch/listen to the full episode as Michael Ealy's answered our HOT SEAT questions directly to the point and learn actionable tips and key metrics that will help you along your journey.
06:12 Michael details on NO CREDIT and NO CASH first deal — strategy revealed.
20:13 For Michael the more problems, the more opportunities with him — Why?
23:05 Why getting a mentor or a coach is a must?
26:42 Michael concept about “BHAG” Big Hairy Audacious Goal
27:27 Michael lost $ 400,000 on development and a lesson learned
32:35 A crucial mistake — Michael lost everything: his car wash business, his rental properties, even his own home, broke and with bad credit.
36:23 The moment when Michael ended up moving to his mom and dad
38:54 How Michael picked himself back to real estate.
41:41 Michael’s evolution into the larger multi-families.
48:09 How Michael went from the multifamilies to buying hotels.
50:40 Hot Seat Questions Round
Listen and learn so much more….
Why think small when you can think BHAG (Big Hairy Audacious Goal)?
“You'll never win if you quit.” - Michael Ealy
“There's a bridge out there with your dreams” - Michael Ealy
“I look at problems as opportunities” - Michael Ealy
“The harder you work, the luckier you get”- Michael Ealy
“If you want to live the
life that you want, the possibilities are out there” - Marcus
“It's really not hard. You find an idea of vision and you commit to it. Get out there. Remember that the opportunities are out there. You just have the perspective, open up your eyes and see the positives and the negatives that are around you” - Marcus Maloney
Connect with Michael Ealy
Michael Ealy book - “From Broke to Millions”
Thanks for listening to this episode! And, if you enjoyed this episode, please share it on social media using the social share buttons below, and don't forget to leave a short review on iTunes.
Also, if you want to learn more about real estate wholesaling, feel free to visit my Website and Youtube channel. If you get value from the videos and content we’re putting out, please subscribe.⠀
Schedule Your 15 Minutes Free Consultation with Marcus here:
𝐆𝐫𝐚𝐛 𝐦𝐲 𝐅𝐑𝐄𝐄𝐁𝐈𝐄𝐒 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐟𝐨𝐫:
Assignment Agreement Link:
15 Questions to validate your seller:
𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐭:
Also, find the show on Feedspot: https://blog.feedspot.com/real_estate_podcasts
Enjoy the Real Estate Journey!