From a Contractor to Agent and Investor : Managing Over 40 Units - Mark Mcmahon Episode #87

GUEST BIO Mark McMahon has worked in broad areas of real estate, beginning as a contractor to getting involved in mobile home parks, flipping and traditional real estate investing - his experiences today have helped him the investor and agent that he is today with a  very special niche in being able to be the bridge for Japanese & international investors overseas considering that he’s also fluent in the language. Mark today loves to educate as much as he loves to invest. He spends his time educating agents on how to be on the other side of the closing table as  investors. He is more than qualified with his 35+ years of real estate experience and his respectful portfolio of 40+  units. Mark brings some sun to the lab joining us from orange county - you don’t want to miss this one. Let’s build. HIGHLIGHTS OF THE EPISODE 02:43  Background of the guest - Mark Mcmahon 08:10  Doing different projects as a  contractor 10:08  Started Investing on Mobile Homes 15:30  What is a Space Rent? 19:28  Buying a mobile home park or buying a mobile home? KEEPING IT REAL 23:52  What wholesaling does 25:25  Investor from the west coast 29:08  Prices of properties in west coast 31:37  Biggest misconception 36:06  Vertical real estate 37:35  Best advice ever received 39:37  Worst advice - Leveraging ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 43:54  Favorite Book - Rocket Fuel by Gino Wickman 45:40  Best Habit - Getting up early and running | “Me” time 48:27  One 300 unit apartment vs 3 apartments of a 100 units - 3 apartments 52:00  Cash Flow vs Equity - Cash Flow 56:41  One super power - Contentment BOOKS MENTIONED IN THIS SHOW The Millionaire Next Door by Thomas J. Stanley Rocket Fuel by Gino Wickman NOTABLE QUOTES (KEY LESSONS): “Our day job is to make money, our long term wealth job is to own properties” “In real estate, you can do so much in up and you can do so much in down and you can do so much in a stagnant market. There’s so many things you can do if you can just shift” “If you can’t stick with it, don’t start with it” “The guy with a thousand units isn’t the winner, the guy that’s the winner is the guy that can do what he wants to with his time and have plenty of money to do it.” CONNECTING WITH THE GUEST Website: www.arborrealestate.com Instagram | LinkedIn | YouTube | TikTok #ExperimentInvestor