Meet Mitch Stephen
Mitch Stephen has been a self-employed RE investor for 25+ years purchasing well over 2,000 houses in and around his hometown of San Antonio, TX. Today he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar the neighborhoods.
Mitch explains his principles and theories he believes led him to financial freedom and over 2k transactions completed.
Episode Outline
0:00 Intro to Mitch Stephen
Adapt and Overcome……I’m a ready fire aim guy, always have been.
3:45 How Mitch got into real estate
For about 2.5 decades Mitch has bought a house every four days for a total of 2000 homes.
Started full time investing in March 1996 by calling people on the classified ads when there was little competition. He could have learned a lot faster if information was readily available as it was today/
Financial Freedom defined: When your wants and needs match your passive income!
Mindset hack for accomplishing goals: Mitch changed his goal of making a million dollars, to making $3,500/month which made it a lot more realistic and attainable
Now Mitch’s main aim is helping people.
10:20 Pain points and struggles in building these businesses, and limiting beliefs
- First limiting belief to overcome: You need money in this business to make money
- Second limiting belief: Who’s going to loan me money. It’s all about the deal not about you
- Third limiting belief: No one can do this task except me
- The first thing a solo investor should do is hire a VA…you’ll realize they will do things better than you.
- Fourth limiting belief: Working with partners. Mitch had a bad one early on which scared of him getting others in the future
Mitch has 8 businesses right and he has learned to stay in his lane
18:30 Mitch joining his first mastermind
Mitch transitioned from wearing every hat in his business to hiring out everything and realizing every single person will perform better in that seat because they are only focused on that one seat!
23:00 Delegations and what to Delegate
Mitch teaches renters to become owners. How many lives have I changed? 2,500 times have hes been able to do this.
31:15 Mitch’s new book, The Art of Private Lending
Teaching people how Mitch has done his private lending business
34:15 Tax Strategies
The reason the rich get richer is because they pay to get the education around the subject and openly talk about money with family and friends
40:00 Staying in his lane with Real Estate
41:00 Finding a “Forever” investing strategy
Pick businesses that you are building cash flow
Mitch Stephen and The Art of Private Lending on YouTube
Mitch Stephen and The Art of Private Lending on our Podcast
About Mitch
Mitch Stephen has been a self-employed RE investor for 25+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
Mitch Stephen has purchased well over 2,000 houses in and around his hometown of San Antonio, TX. 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 the neighborhoods.
He has perfected a method of achieving cash-flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.
He has pioneered the idea that you don’t 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.
Mitch has been interviewing for his podcast for over 3 years and has more than 400 great guests.
Leave a Reply