What You Will Learn In This Episode:
- Discover the advantages of Owner Financing
- How to limit the frustration of talking to hundreds of people about the home you are selling
- Using Facebook Market place to build a community of people for selling your home.
- Mitch shares a “Rent Formula” that he utilizes for his deals.
Bio:
Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
REAL ESTATE INVESTOR:
Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.
STORAGE FACILITY OWNER:
The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating a note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages around the lake, and the storage business has grown to over 1,100 storage doors in 16 locations:
CanyonLakeStorage.com
FlourBluffStorage.com
RockportFultonBoatStorage.com
AUTHOR:
Mitch is the author 3 books:
MY LIFE & 1,000 HOUSES:
Failing Forward to Financial Freedom
MY LIFE & 1,000 HOUSES:
200+ Ways to Find Bargain Properties
MY LIFE & 1,000 HOUSES:
The Art of Owner Financing
