Episode 1: Who Is Mitch Stephen? Why is “Buy and Hold” a Myth? Why Owner Financed Properties?

37m · 1000Houses.com Podcast · 23 Sep 11:00

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.

REAL ESTATE INVESTOR: Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,300 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.

Cash4Houses.NET (Buying Site) Homes2Go.NET (Selling Site) MoatNoteServicing.com (Note Servicing)

STORAGE FACILITY OWNER: The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages in front of a state park at the lake, and the storage business has grown to over 1,100 storage doors in 16 locations;

CanyonLakeStorage.com FlourBluffStorage.com RockportFultonBoatStorage.com

AUTHOR: Mitch is the author 3 books:

MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom

MY LIFE & 1,000 HOUSES: 200+ Ways to Find Bargain Properties

My Life & 1,000 Houses The Art of Owner Financing

For more info about these books go to 1000houses.com/the-book

EDUCATOR: Mitch offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing.

Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses, Selling Notes with little to NO Discount, and helping others deal with the everyday throws of life in business. He is very familiar with Dodd-Frank, RMLOs, S.A.F.E. Act, Texas Property Code, Truth -in-Lending, R.E.S.P.A. and the legal options available in the owner finance domain. 1000Houses.com

Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs advertising Owner Financed Houses. http://LiveComm.com

What you’ll learn about in this episode: My story and why I started this podcast How to become Financially Free using real estate as the vehicle and using Owner Financing as the primary strategy Why you don’t need money to be successful in creative real estate Why “Owner Financing” is so powerful Why the buy and hold strategy is NOT the best strategy out there Why you want customers to have the mindset of a BUYER– not a TENANT The core belief that fuels the “Owner Financing Strategy” How to get paid to create substantial, long-lasting cash flow Navigating the laws and regulations of Dodd-Frank. Don’t make it complicated. How to get paid 6 TIMES on every deal! How to do it all with OPM (other people’s money) How to calculate a property’s “Owner Finance Value” Where the Owner Financing Strategy works best Why the Owner Financing model booms in the bad times Resources: REInvestorSummit.com/Coaching REInvestorSummit.com/Pro REInvestorSummit.com/Live REInvestorSummit.com/NoteServicing

The episode Episode 1: Who Is Mitch Stephen? Why is “Buy and Hold” a Myth? Why Owner Financed Properties? from the podcast 1000Houses.com Podcast has a duration of 37:44. It was first published 23 Sep 11:00. The cover art and the content belong to their respective owners.

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