Podcasts Business Onward Nation Passive Income Strategies, with Mitch Stephen

Passive Income Strategies, with Mitch Stephen

Published: Nov. 25, 2020, 9 a.m.

Passive income strategies are very durable, even during the pandemic. Learn from Mitch Stephen how to develop your own passive income strategies.

Passive income strategies are really helpful not just for businesses but for individuals as well. If you\u2019re still developing one of your own, stay tuned in to this podcast and let our guest expert, Mitch Stephen, enlighten you.

Mitch Stephen has been a self-employed real estate investor for 25+ years. His real estate investing career started at the age of 23 when he read \u201cNothing Down\u201d by Robert Allen.

Mitch Stephen has purchased well over 2,000 houses in and around his hometown of San Antonio, TX. Mitch is a high school graduate who never stopped learning. Books, CDs, seminars, and webinars were his classroom.

Today he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar their neighborhoods.

He has perfected a method of achieving cash-flow through passive income strategies without having to be a landlord and without having to rehab properties. He\u2019s mastered the art of raising private money and the classic \u201cNothing Down\u201d deal.

He has pioneered the idea that you don\u2019t have to give discounts to sell your notes.

A passionate speaker who delivers the message of integrity first and profits second; an expert at keeping it simple and explaining, in plain English, the theories that made him financially independent. He is always an inspiration to those around him.

What you will learn in this episode about passive income strategies:
  • How Mitch\u2019s real estate business is structured, and why his passive income strategies are durable and flexible enough to succeed during the pandemic
  • Why Mitch believes wealth comes from chaos, and why focusing on helping people has been the key to excelling during challenging times
  • How Mitch and his team have adapted to the changes brought about by the pandemic such as people not wanting potentially infectious strangers in their homes
  • How Mitch learned that fixing the houses he bought was time-consuming and wasn\u2019t really adding value, and why he structures his deals to be the \u201cbank\u201d, not a landlord
  • How navigating the challenges of the 2008 real estate market crash taught Mitch valuable lessons he is using to get through the global pandemic
  • Why Mitch made the strategic decision to keep his business in his local San Antonio market rather than expanding outward
  • How Mitch has structured his business using passive income strategies into three different segments: one-time cash events, temporary cash deals, and forever cash deals
  • How Mitch began coaching others in his method, and how he has built out the coaching side of his business over time
  • Why Mitch does the investing and coaching work he does beyond just making money, and how his efforts benefit himself, new homeowners, and communities at large
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