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BiggerPockets Real Estate Podcast

329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 9 May 2019

⏱️ 92 minutes

🧾️ Download transcript

Summary

Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence! Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it! You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it! This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate. Download it today! In This Episode We Cover: How he took his disappointment from missing out on a police career and turned it into RE investing success His “no-why principle” How he got his wife to buy into his vision How he took advantage of a booming construction industry to rent rooms out to builders His advice for pushing through being told no How he would listen to the BiggerPockets podcast in headphones while working in a construction job Real estate replacing his full time job before age 30 Delegating the work of his various businesses How he lives for free in Nashville How he leverages out communicating with his Airbnb guests and loves it How he got paid $30,000 on a property he paid $3,000 for And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar PNW Real Estate Wealth Expo BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year BiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan BiggerPockets Pro BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney BiggerPockets Bookstore PayNearMe BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman The Founder | Netflix David’s Instagram Brandon’s Instagram Books Mentioned in this Show Miracle Morning by Hal Elrod Rich Dad Poor Dad by Robert Kiyosaki Richest Man in Babylon by George S Clason Lifeonaire by Steve Cook Why the Rich Are Getting Richer by Robert Kiyosaki Tweetable Topics: “Success is the other side of fear.” (Tweet This!) “People stop at no and don’t ask why.” (Tweet This!) “Do whatever works for you.” (Tweet This!) “My rentals feed my life, my flips feed my rentals.” (Tweet This!) Connect with Felipe Felipe’s Company Website Felipe’s Instagram Felipe’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 329.

0:05.8

My flips by my rentals, so most people will flip a house by a car,

0:08.8

I flip a house by a rental.

0:10.4

That way, I don't, again, I don't work even for my rentals, like my flips do that for me.

0:15.0

So my goal was always to have everything paid off by something else.

0:18.0

You're listening to Bigger Pockets Radio,

0:21.0

Simplifying real estate for investors large and small.

0:25.0

If you're here looking to learn about real estate investing without all the height,

0:29.0

you're in the right place.

0:31.0

Stay tuned and be sure to join the millions of others who have benefited

0:35.0

from bigger pockets.com. Your home for real estate investing online.

0:40.0

What's going on everyone? This is Brandon, host of the BiggerPockets podcast here with another amazing show alongside my co-host Mr. David Green. What's up buddy?

0:52.0

What's up with you, Brandon?

0:54.0

Are you excited for the Pacific Northwest Rail Estate Expo that we're going to be speaking at?

0:58.0

I am.

0:59.0

And in fact, this episode comes out just after we got back from that.

1:02.0

So it was awesome it was so

1:04.1

fun it was amazing yeah you did great you crushed it I never seen you better

1:09.3

well thanks no yeah I'm excited for that I'm also actually while this episode comes out,

1:13.5

oh no, you would have just left Hawaii as well,

1:16.2

you were hanging out with me.

1:17.0

We had a blast, it was so much fun.

...

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