BROADCASTS.com

What mindsets helped Mike go from working at McDonald's to financial freedom through real estate investing?\n\xa0\nIn this episode, host Taylor Loht interviews young real estate mogul Mike Mannino on his journey from flipping burgers to flipping houses. Mike shares how a challenging health diagnosis in his youth shaped his mindset to live life intentionally and adopt an abundance mentality focused on serving others. He recounts getting started by house-hacking his first property at 19 and then tapping into tax auction properties to launch his flipping business with his dad. Mike explains the key systems and processes he implemented in his company that enabled him to scale up to 80 flips while working only 20 hours a week. He also discusses his strategic transition into multifamily investing for tax benefits, passive income, and wealth appreciation.\n\xa0\nOver the past 8 years, Mike has built a business that flipped over 80+ houses by the age of 30 and created multiple companies that generate over 1M per year in revenue, sold tens of thousands of copies of his book (making him an Amazon best selling author) , he is the founder of Real Estate Wealth Builders which is an educational company that helps real estate investors quickly scale their real estate business.\n\xa0\n[00:53 - 05:53] The Mindsets That Fueled Mike's Journey\nHow Mike turned his challenging diagnosis into motivation to live intentionally\nMike adopted an abundance mindset focused on serving others\nWhy Mike set the big goal of retiring his father\n\xa0\n[05:53 - 12:28] Getting Started in Real Estate Investing\nHow Mike house hacked his first property at 19 to cover the mortgage with roommates' rent\nMike tapped into tax auction properties to discover profitable deals\nMike partnered with his dad on flips by splitting purchase and renovation costs\n\xa0\n[12:28 - 18:33] Scaling Up From 1 to 80 Property Flips\nMike systematized materials and processes to remove the guesswork\nWhy Mike pays top rates to hire A-player team members\nMike documented his journey publicly to attract opportunities\n\xa0\n[18:33 - 22:34] Transitioning from Flipping to Multifamily Investing\nMultifamily provides tax benefits for Mike to offset flipping income\nFlipping profits stop when Mike stops working; multifamily means passive income\nMultifamily allows Mike's wealth to grow through gradual rent increases\n\xa0\n[22:34 - 28:00] Key Relationships Are Critical\nMike couldn't scale his company without the right team in place\nKnowing the right people allows Mike to buy any deal\nMike treats his team well so they'll have his back when issues arise\nBest deal: A 16-unit apartment building in North Carolina\nWorst deal: House flips that didn't go according to budget\nTop lesson learned: Creating and maintaining great relationships in the business.\n\xa0\nQuotes:\n\xa0\n"Your first deal is your scariest deal. As you know, it's your hardest deal. It's your scariest deal." - Mike Mannino\n"If you know the right people, you can buy any deal you want. You can buy as big of a deal as you want." - Mike Mannino\n\xa0\nConnect with Mike:\nWebsite:\xa055kdeal.com\n\xa0\nApply to Invest with Taylor at\xa0www.investwithtaylor.com\n\xa0\nTrack your wealth for free with Personal Capital, go to\xa0www.escapingwallstreet.com\n\xa0\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!