Turning Pallets Into Rental Property | Built By Liquidation Ep. 12 w/ Mike Rice

Mike Rice was making $55,000 a year at a private prison and pulling six figures on Amazon on the weekends. So he quit, and took a job paying $225 a week.This episode is about what comes after the pallets. Mike bought a house for $5,000, put about $12,000 into it using flooring, sinks, and fixtures pulled from his own truckloads, and sold it for $55,000. We get into how liquidation buys the real estate, why the guy with the NASCAR team told us to stay small, and what a year of seven evictions actually looks like.Mike runs Mike Rice Auction House out of Meridian, Mississippi, and he's the Holy Hustler on TikTok. He's been at this since he was a kid selling candy at school, and he doesn't sugarcoat any of it.In this episode:0:00 Meet Mike Rice, the Holy Hustler from Meridian3:30 A $55K job vs. $100K a year on Amazon6:00 Building a name (and 40K followers) in a small town9:20 Would you still quit your job in this market?13:10 Zac's start: $4,000, a pregnant wife, and his parents' basement17:00 The NASCAR guy who told us to stay the size we are20:50 Nobody wants to work the trades anymore24:40 The $5,000 house that sold for $55,00032:15 $900 vanities for $40: furnishing rentals from truckloads36:05 Seven evictions and a year of being a landlord47:30 The Coca-Cola load that got us a phone call51:20 Why sitting on inventory is costing you money1:02:50 Buy from an educator, not a broker1:10:30 The toilet paper truckload that changed everything1:13:50 Why we're both skipping ASD this yearFind Mike: Mike Rice Auction House, Meridian, MS. The Holy Hustler on TikTok.