Michael Newell. How New Construction Can Make You Rich . Episode 496 with The Real Brad Lea (TRBL)
Dropping Bombs
Brad Lea
4.9 • 2.3K Ratings
🗓️ 28 July 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
With over a$70m+ net worth, Michael Newell has been featured in Forbes among other publications and is the CEO/Owner of Standard Land Dev. And MJ Newell Homes. At MJ Newell Homes, our team of professionals are not only experienced, but personable agents. We meticulously guide our clients throughout the entire process of buying their new home since we understand that this is one of the most important investments for any individual or family. Our priority is to provide comprehensive support to our clients from beginning to end, starting with the selection of their ideal home to the financial process and all the way up to the successful delivery of their brand-new home.Additionally, Michaels other company, Standard Land Dev. Is known to be "America's future" innovating and securing homes for American Families!
In this episode, Brad and Michael discuss the real estate business and mostly how new construction can make you rich! Tune in!
00:00 Intro
01:42 Building v. buying
03:50 How Michael started
07:20 The list of what you need
10:50 How Michael discovered this market
13:24 "It's important for our country to have homeownership." - Michael Newell
19:00 Areas to look at
28:27 Brad's newest companies
36:20 The difference between building a house and building something bigger
42:10 Confidence
46:00 Doubling your inventory
Transcript
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| 0:00.0 | Listen up or run |
| 0:05.1 | Oh |
| 0:08.3 | From the people who have attitude of people who need the real |
| 0:13.6 | Bradley |
| 0:22.8 | What it is Bradley back again with another episode of drop in bombs today in the big studio folks |
| 0:28.1 | I've got a real treat for you mr. Mike Newell |
| 0:31.6 | You guys don't know who that dude is you're not gonna find him on social media at this moment in time |
| 0:37.9 | Because he's like a you're almost like a mystery |
| 0:43.3 | But this dude net worth over 70 million dollars CEO of standard land development and MJ Newell homes |
| 0:51.1 | You don't look very old. How old are you 31 31 years old already worth more than 70 mill? |
| 0:56.6 | How much is that liquid? |
| 0:58.6 | Not much so in real estate. That's smart |
| 1:01.4 | What are you worried about the big real estate crash if it happens? No, why not? |
| 1:06.9 | You know, I'm in at a at a pretty low |
| 1:10.4 | Loan devalue I feel I mean most of the stuff I have is cash and they're cash flowing or rentals |
| 1:15.4 | Oh, you rent them all out everything. Yeah, so you go in and build the homes |
| 1:20.9 | Correct and and what's crazy folks for you guys for the listeners |
| 1:25.7 | He said he's made enough money for himself that he's now trying to think about how to give back |
| 1:32.7 | Yeah, and you want to show flippers how to just slide into new construction |
| 1:38.0 | I don't know, you know, maybe not limited to flippers right like people that want to get into new construction in general. I think |
| 1:46.1 | I think that there's plenty of margin to be made still I mean you know |
| 1:49.9 | As this I wouldn't want to get into it. I mean, I don't know. Well, you said like if you said Brad |
... |
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