On today’s show, we sit down with real estate entrepreneur Michael Blank to talk about his journey from a successful house flipping business and his entrance into apartment buildings… and the systems needed to run his investments well.
Michael is a business entrepreneur through and through and today we get to talk about everything from getting started, investing with no money, working with (and as) a wholesaler, and even hear the story of the professional tenant that almost destroyed Michael’s investment career!
This show is packed with useful, actionable tips, so don’t forget your pen and paper on this one… you are going to need it!
In This Show, We Cover:How Michael started his investing journey by flipping dozens of houses per yearWhy building up a network of wholesalers is importantHow Michael raised money to fund his flippingThe “magic question” to ask when raise private moneyMichael mistakes and successes when getting startedDeveloping a great real estate teamUsing virtual assistants in your businessMichael’s transition from flipping to apartment complexesMichael’s tricks for finding great commercial real estate dealsMichaels take on the topic of rent controlMichael’s major mistakes in his REI career… and that one tenant in DCAnd so much more! Links from the ShowBP Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam CraveneLance.comLoopnet.comMarcusmillichap.comCbre.comTweetable Topics“Cutting corners hurts you and your business at the end of the day.” (Tweet This!)“When you have a good team, firing on all cylinders, you can do amazing things.” (Tweet This!)“You get what you negotiate.” (Tweet This!)“The secret to success is to be intentional.” (Tweet This!)Books Mentioned in the ShowRich Dad, Poor Dad by Robert KiyosakiPitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren KlaffThe 4-hour Workweek by Timothy FerrissConnect with Michael!Michael Blank’s BiggerPockets ProfileTheMichaelBlank.com