Episode 8: Real Estate Investing Success Stories & Owner Financing Student Case Studies

Mike Powell is a creative real estate investor from San Antonio, Tx. He began selling commercial real estate in his early twenties to put himself through college at Texas A&M. His goal was to make his first million by age thirty. He smashed that goal. Today he specializes in finding private lenders, seller financing, and buying self-storage facilities. Mike continues to grow substantially year after year and attributes his success to God and his endless desire to keep learning and improving. He says, “I am a reflection of the mentors in my life.” Brandon Gaunce had worked in Corporate America since he was 16 years old. In February 2014 fate and opportunity finally met and Brandon discovered his position at his corporate job was being eliminated in the next few months. As God had a hand in it, he attended a real estate seminar where Mitch Stephen was a guest speaker to whom he gravitated towards due to Mitch’s genuine, non-guru personality. “Mitch truly wanted to help.” Subsequently Brandon and Mitch had an hour long interview to discuss Mitch’s program and Brandon’s circumstances. Afterward Brandon decided to turn down a relocation package from his corporate job and to dive feet first into Real Estate knowing he had Mitch’s mentoring and guidance, Brandon started from zero and what happened over the processing 18 months proved that Corporate America had been holding Brandon back. Mike and Brandon are two very different people in two very different markets. Yet, both are successful and winning on a daily basis. Here’s a chance to listen to their inspirational stories. What you’ll learn about in this episode: Mike and Brandon’s different backgrounds and how they got into this business What both Mike and Brandon focus on in their businesses Brandon and Mike’s first years that were filled with mistakes and lessons learned Fighting through the struggle of finding private money and succeeding What kind of interest rates you should offer Why attorneys can be great for private lending Brandon’s first two and a half years and where he’s going from here How Mike has hit $32,000 a month cash flow in just five years What mentorship has meant to both Mike and Brandon Resources: REInvestorSummit.com/Grow REInvestorSummit.com/NoteServicing REInvestorSummit.com/Coaching