Michael Fitzgerald Shares How He Went From Bandit Signs to 100s of Doors and Running a Fund

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 7 January 2021

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Michael Fitzgerald talks about how he went from calling ads in his one bedroom apartment, to going to REIAs, to bandit signs and direct mail. He bought a farm for a million dollars with nothing down. Lost a lot during the recession. Paid off all his investors, and now owns hundreds of doors while running the Dream Fund.

Video Replay of Interview with Michael Fitzgerald

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SHOW-NOTES-Michael-Fitzgerald-Shares-How-He-Went-From-Bandit-Signs-to-100s-of-Doors-and-Running-a-Fund Download

SHOW NOTES

Michael Fitzgerald Shares How He Went From Bandit Signs to 100s of Doors and Running a Fund

With Michael Fitzgerald, Gideon Properties

January 6, 2021

About Michael Fitzgerald

Michael Fitzgerald planned on importing products from China and selling them in the United States. After his first deal, and a chance meeting, he switched to real estate and has since built a multi-faceted empire.

Michael had no money to invest in real estate, so he had to be creative. His first several deals were all different types: Subject To, wholesale, even developing farmland with $0 down. Along the way, he has become friends with people all around the world. Currently Michael is involved in city-state partnerships where he actually gets the government to help finance his projects!

Michael’s story is as unique as it is inspirational. He proves that you don’t need money to build a real estate business. You just need to get going. Connect with Michael on Instagram or Facebook.

Show Notes

Steve asks Michael how he got started in real estate, and they explore many concepts for how people can start. One of Michael’s emphasis is that you don’t need to know how to do everything, or have any money. Just start and learn along the way.

Top 5 Takeaways from Michael:

5. Review every potential deal. You don’t need to know how to do a deal to get started. Figure it out, learn what you need to learn, and keep moving forward.

4. Take care of the people you work with. Honesty and commitment, along with fulfilling your obligations even if you could get out of them, will benefit you in the long run.

3. Never stop marketing. Too many people market, get some business, then stop marketing while they work on those deals. Once those deals are done, they have nothing in the pipeline because they stopped marketing.

2. If something bad happens, don’t let that stop you from doing more deals. New deals can pay for unexpected losses from a bad d...

Transcript

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0:00.0	Today we have Michael Fitzgerald with Gideon Properties. Mike flew in from Maryland to share how he went from a one-bedroom apartment to doing this million-dollar farm deal with no money out-of-pocket to owning hundreds of doors and running the dream fund. If this is your first time tuning in, I'm Steve Trang, founder of the Offer Pass Homes app, the only MLS for off-market wholesale properties, and I'm on a mission to create 100 millionaires. One question I get a lot is how do I become one of the 100
0:25.6	millionaires, and please allow me to answer it here. The information on this podcast alone is
0:30.4	enough to help you become a millionaire in the next five to seven years. Take consistent action,
0:35.0	and you will become one. When you hear a nugget, type into the comment section. After the show, identify your single biggest takeaway and focus on just that
0:42.4	for the next seven days. If you get value today, please tag a friend below or share this episode
0:47.3	right now. That way we can all grow together. And this is a live show, so please ask your
0:51.5	questions for Mike to answer. You ready?
0:54.7	I'm ready.
0:55.6	All right.
0:58.3	So first question is what got you in the real estate?
1:04.0	So I was driving down Route 40 in Maryland, and I called a rent-to-own added in newspaper.
1:05.8	I had about $10,000 saved up.
1:08.3	And the guy on the other line, his name was Dave.
1:12.0	And he said, I sounded like I'd make a much better real estate investor of him running down his house and told me about the real estate associations in DC and Baltimore
1:16.3	and said I could buy property, no money down. So of course, you know, I was voted most gullible
1:21.4	my senior of high school. So of course I believed I could buy property, no money down, and it worked.
1:25.8	Yeah. So I started going to real estate associations about two months in. I had my a property, no money down, and it worked. So I started going to real estate associations.
1:28.2	About two months in, I had my first deal, 13706, Merseysburg Road, Clear Spring, Maryland.
1:33.4	I bought it with a division of proceeds, no money out of pocket, where I could make X,
1:37.7	and the homeowner could make everything over X.
1:39.9	So we agreed to a price, and I was allowed to make profit on everything over that price.
1:45.4	Left my job two weeks before the property settled and never looked back.
	...

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