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From $50k in debt to multiple seven figures virtually with Michael McDonald
Manage episode 438105629 series 3528393
Konten disediakan oleh Jeremy & Shelly Beland and Shelly Beland. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Jeremy & Shelly Beland and Shelly Beland atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
What happens when you take a leap of faith, quit your stable job, and dive headfirst into the volatile world of real estate?
In this compelling episode of the REI Freedom Podcast, Jeremy interviews Michael McDonald, a dedicated real estate investor who turned his life around from being $50,000 in debt to earning multiple seven figures through virtual real estate investing. Michael, originally from a small town in Nebraska, shares his inspiring story of persistence, from working a grueling 9-to-5 job to relocating to Las Vegas and grinding out his first deals.
They discuss creative financing strategies like novations, generating leads, and leveraging local expertise while operating virtually. Michael's key advice for new investors? Know your 'why' and focus on the quality of deals, not just the quantity. Tune in to learn how you can navigate the ups and downs of real estate to achieve financial freedom.
Time Stamps
00:00 Introduction to REI Freedom Podcast
00:47 Meet Michael McDonald: From Debt to Success
02:31 Michael's Early Life and Move to Las Vegas
03:16 Starting the Real Estate Journey
07:20 Challenges and Breakthroughs in Real Estate
14:30 Scaling the Business and Achieving Success
18:52 Balancing Work and Family Life
19:25 Starting the Business and Early Challenges
20:46 Scaling the Business and Building a Team
21:18 Current Business Model and Operations
23:41 Generating Leads and Marketing Strategies
26:25 Maximizing Wholesale Deals with Creative Financing
30:08 Advice for New Real Estate Investors
31:36 Reflecting on the Journey and Lessons Learned
32:44 Defining REI Freedom and Its Importance
Connect with Michael here:
Facebook Group: https://bit.ly/4gbxLtu
Instagram: https://www.instagram.com/michaelmcdonaldrei
Youtube: https://www.youtube.com/@thevirtualmillionaireshow
Website: https://www.thevirtualmillionaires.com/
Connect with us here: Website :https://reifreedom.com/
Facebook Group: https://web.facebook.com/groups/795700988329071
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