Real Estate Blueprint: Secret Insights from a 26-Year-Old Millionaire Developer
Millionaire Mindsets
Xavier Miller
4.8 • 1.5K Ratings
🗓️ 1 November 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
In this episode, we sit down with a remarkable 26-year-old real estate developer, Abram Mitchell, who has already made waves in the industry. Discover the essential steps to building homes from the ground up, including assembling a powerhouse team and navigating the intricate world of city regulations.
Our guest shares invaluable insights on the importance of engaging with city council meetings and forging relationships that can make or break your projects. We dive deep into funding options, exploring the nuances of working with hard money lenders and alternative financing strategies that can kickstart your real estate journey.
Whether you’re a budding developer or just curious about the industry, this episode is packed with practical advice, real-world experiences, and the inspiration you need to turn your real estate dreams into reality!
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Transcript
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| 0:21.2 | Yo, yo, yo, what's good, everybody? Welcome back to the greatest show on Earth, the Mind of Mindset's podcast. I am your host, Xavier. And before we start this episode, I'd like to advise all the watchers, the listeners. So please subscribe, hit that like button, comment, review, five-star rating. You guys could do all those things. I were greatly, greatly appreciated. And getting right into today's episode, today I got a very special guest, man. This guy, he's been killing it in the real estate industry for a while i had him on before so i had to have him back as my bro everyone |
| 0:26.1 | was good brother how you feeling man i was good hey i'm blessed i woke up right right right right |
| 0:32.1 | no complaints right all right and i and um i'm i'm excited to have you on the showboat because |
| 0:37.3 | last time um we got we got |
| 0:38.9 | some really good feedback from having you on bro you gave a lot of information jams motivation |
| 0:43.8 | and all those things so getting straight to her right i want to talk about specifically in these |
| 0:49.9 | times right it's a lot of um economic uncertainty with people yeah and you kill it in the industry and we could talk about the wins all day but i want to start it It's a lot of economic uncertainty with people. Yeah. And you're killing in the |
| 0:54.5 | industry. And we could talk about the wins all day. But I want to start it off with like the things |
| 0:59.1 | that you overcome the challenges and all that stuff. Like what like what was some of your |
| 1:04.8 | biggest challenges on this journey from doing millions of dollars of real estate transactions |
| 1:10.1 | and being still so young, |
| 1:12.2 | you know what I mean? |
| 1:13.3 | I would say like the biggest, I would say one, like when you take my real estate career, |
| 1:19.7 | wholesaling is how I got started. |
| 1:21.3 | Right. |
| 1:21.5 | People always ask me, how you got in the real estate? |
| 1:23.6 | I tell them I learned at the root of it, how to find good deals and then middleman it |
| 1:29.0 | and put two people together and make my money in between. And then I moved on eventually |
| 1:34.7 | into buying properties, fixing them up and flipping them. And then like you seen at the event |
| 1:39.9 | we had the other day, development is my full-time thing. So I would say the biggest learning lesson with me was when I got into development and started |
| 1:49.7 | scaling aggressively. |
| 1:51.7 | And then like you said, economic uncertainty came into the market after that high that we |
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