Sep 30 2020 50 mins 1
You don’t have to be smart, you have to be wise. How do you get wisdom? Start by listening to today’s guest, Author of From Broke to Millions, Mike Ealy. Mike is the president and CEO of Nassau Investments, a private equity firm specializing in value-add hotels and apartment complexes. He excels in his area by making cost-effective value-add improvements leading to a substantial increase in the market value of his investments. Let’s get into the episode and gain that wisdom from Mike how pounding the rock can take you from broke to millions. [00:01 - 05:23 ] Opening Segment Let’s get to know Mike Mike gives us a bit of background on his story No money down [05:24 - 16:41 ] Keep Pounding the Rock Mike talks about his strategy Mike gives perspective on working deals Mike’s ‘I can do this’ moment [16:42 - 23:54 ] Why Hotels The culture and value of hotels Examples of efficiency conversion [23:55 - 35:30 ] Teaching People How to Make Their Money Mike talks about his book - links below Giving tools and teaching the next generation to go forward and make money [35:31 - 43:40 ] Getting Exposure How Mike drives exposure Don’t overthink it [43:41 - 50:56 ] Closing Segment Connect with Mike Links below Final words from Me and Mike - connect with us. Tweetable Quotes: “You don’t have to be smart or brilliant to do this, but you can’t be a dummy either… It’s really all about a commitment; you don’t stop until it’s done.” - Mike Ealy “In Real Estate you make enough mistakes and you learn, and so instead of being smart you obtain wisdom.” - Mike Ealy “Remember, you’re one big deal away.” - Mike Ealy Resources: No Money Down Investing Good to Great From Broke to Millions Big Deal Hacking Class BiggerPockets ------------------------------------------------------------------------------------------ Connect with Mike on LinkedIn @nassaumikeealy, Twitter @asknassaumike, and Facebook @MikeealyNassauInvestments, Join the Facebook Group @ApartmentInvestingSecrets. Visit https://nassauinvests.com/ to learn more. Connect with me: https://www.5tcre.com/ Facebook LinkedIn Instagram Watch 5T CRE on YouTube Leave us a review and receive your free ebook Email us --> [email protected] Support the show (https://www.buymeacoffee.com/5Talents)
