Show notes
In the early 2000s, Michael Ealy lost everything: his car wash business, rental properties, and even his own home. He had to go back and live with his parents at 30 years old while having to wake up every single day broke and with bad credit. He had no choice but to get creative and hustle hard, which made him financially independent just four years later. Michael reveals the secrets that helped him to bounce back in life within a few years in his book, “From Broke to Millions.” Today, he owns more than 1,000 apartment units, 45 rental properties, an industrial warehouse and a hotel.Listen to Mike and learn how to go from broke to millionaire![00:01 - 06:40] Opening SegmentI introduce and welcome Mike EalyWhat’s Mike doing right now in his real estate career?[06:41 - 16:39] An Expensive Mistake That Brought SuccessWhy Mike is investing in multifamily real estateHow long should you hold on to your properties?Michael gives his takeLosing $400,000 propelled him to successListen to Mike’s story[16:40 - 26:36] Going From Broke to MillionsWhat real estate investors can learn from Michael’s experienceWhy you should treat other people the way you want to be treatedMike gives an interesting insight about retail strips[26:37 - 36:27] Creative Ways to Earn MoneyMike shares his personal experience about investing in hotelsHow to access private wealth and sovereign wealth fundsMike reveals the strategies he followed to bounce back from this major life challenge[36:28 - 44:18] Closing SegmentConnect with MikeLinks belowFinal words from Mike and me Tweetable Quotes: “Always try to hold on to your assets as long as possible. That’s how you get your real wealth.” - Mike Ealy“Treat others how you want to be treated.” - Mike EalyResources mentioned:Facebook Group: Apartment Investing Secrets------------------------------------------------------------------------------------------Follow Michael on Facebook, LinkedIn and Instagram or check out Nassau Investments to start your investment journey!GRAB a copy of Mike’s book, “From Broke to Millions!”Guest email: [email protected] Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.