W.L.E.R.E #68: Michael Ealy - Investing in D- Class Neighborhoods to Acquiring Hotels
We Love Equity Real Estate Show
English - August 02, 2021 12:41 - 59 minutes - 137 MB - ★★★★★ - 16 ratingsEntrepreneurship Business Education investing realestateinvesting beginningwholesaler flippinghouses howtostartwholesaling newbiewholesaler realestate realestatewholesaling whatiswholesaling wholesaling Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Raised from the ruins to building a real estate empire! In today's episode, I have our special guest Michael Ealy and he will reveal the chapter of his life that, truth be told - he has been embarrassed about. However, he has decided to share his story to inspire and teach a lesson to all investors, especially newbie investors and that lesson is: You can turn your life around no matter how bleak it is. And real estate investing, IF done correctly - is a proven way to help you achieve your dreams.
Don't miss out and be sure to watch/listen to the full episode as Michael Ealy's answered our HOT SEAT questions directly to the point and learn actionable tips and key metrics that will help you along your journey.
𝐊𝐄𝐘 𝐓𝐀𝐊𝐄𝐀𝐖𝐀𝐘𝐒:
06:12 Michael details on NO CREDIT and NO CASH first deal — strategy revealed.
20:13 For Michael the more problems, the more opportunities with him — Why?
23:05 Why getting a mentor or a coach is a must?
26:42 Michael concept about “BHAG” Big Hairy Audacious Goal
27:27 Michael lost $ 400,000 on development and a lesson learned
32:35 A crucial mistake — Michael lost everything: his car wash business, his rental properties, even his own home, broke and with bad credit.
36:23 The moment when Michael ended up moving to his mom and dad
38:54 How Michael picked himself back to real estate.
41:41 Michael’s evolution into the larger multi-families.
48:09 How Michael went from the multifamilies to buying hotels.
50:40 Hot Seat Questions Round
Listen and learn so much more….
TWEETABLE QUOTE:
Why think small when you can think BHAG (Big Hairy Audacious Goal)?
“You'll never win if you quit.” - Michael Ealy
“There's a bridge out there with your dreams” - Michael Ealy
“I look at problems as opportunities” - Michael Ealy
“The harder you work, the luckier you get”- Michael Ealy
“If you want to live the life that you want, the possibilities are out there” - Marcus Maloney
Connect with Michael Ealy
WEBSITE: https://nassauinvests.com
Michael Ealy book - “From Broke to Millions”
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