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….
“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”
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Enjoy the Real Estate Journey!