In this episode of the Properties to Profit podcast, I share a rollercoaster experience of being sued by a seller after closing escrow on a property deal. What began as a seemingly straightforward transaction quickly spiraled into a complex legal battle involving hidden liens, environmental fines, and a determined seller who refused to honor the original agreement. I take you through every twist and turn of this case, from discovering unexpected debts and negotiating new terms to navigating the legal maze that followed. This episode is packed with valuable lessons about the realities of real estate investing, the importance of due diligence, and the challenges of managing unexpected disputes.

Tune in to hear how I managed to turn this potentially disastrous situation around, what strategies I used to minimize losses, and the key takeaways for anyone involved in real estate. Whether you're a seasoned investor or just starting, this story is a must-listen for understanding the unpredictable nature of property deals.

[00:00] - Introduction

[00:41] - The bombshell: I was sued by a seller after the close of escrow.

[01:00] - How it all started: A seller contacts me to sell a house quickly.

[03:08] - Discovery of hidden liens and environmental fines totaling $60,000.

[04:35] - Negotiating with the seller amidst mounting costs and complications.

[07:00] - The deal goes through, but the problems continue with new demands and threats of lawsuits.

[10:30] - Mediation and the unexpected twists that followed in court.

[13:45] - Lessons learned: Handling legal challenges, keeping documentation, and the importance of integrity in real estate deals.

• Follow me on Instagram: @RealEstateMike02

Thank you for tuning in to this episode of the Properties to Profit podcast! If you found this story insightful, please rate, review, and share the show with others who might benefit. Don’t forget to subscribe and follow me on social media for more real estate tips and updates. Until next time, keep turning properties into profits!

In this episode of the "Properties to Profits" podcast, I'm diving deep into the concept of fear—what it really is and how it often holds us back from achieving our full potential. I explore the idea that fear is just "false evidence appearing real," sharing personal stories from my journey in real estate and entrepreneurship where fear tried to stop me, but I pushed through. I discuss the importance of facing fear head-on, taking risks, and not letting the doubts or anxieties of others dictate our path. Whether it's launching a new venture, making a big life change, or simply pushing beyond comfort zones, this episode is all about conquering those fears and moving forward with confidence.

Tune in as I share key insights on overcoming mental barriers, practical tips for building resilience, and why embracing fear can lead to some of the most rewarding experiences of your life. If you're ready to turn fear into fuel and start creating the life you truly want, this episode is for you!

Timeline Summary:

[0:00] - Introduction to the episode and today's focus on fear. [1:10] - The story of starting my first business and confronting fear of competition. [2:24] - Real estate fears in 2018: Predictions of a market crash and overcoming skepticism. [4:02] - Building a successful wholesaling and flipping business despite fear and doubt from others. [6:08] - Lessons from failure and how fear is often a false narrative in our minds. [7:42] - Practical steps to face fear, take risks, and build the life you want. [8:55] - Encouragement to challenge your fears and create your own reality.

Closing Remark:

Thanks for tuning in to this episode of the "Properties to Profits" podcast! If you found value in our discussion, don't forget to subscribe, share, and leave a review. Remember, fear is just false evidence appearing real—so go out there, do the work, and turn those properties into profits!

In this episode of the Properties to Profits podcast, I dive into the crucial topic of follow-up in the real estate business. I share some insights from my own company, Oasis Home Buyers, where we've seen firsthand how consistent follow-up on old leads can yield unexpected gold. Whether you’re a seasoned pro or just starting out in real estate, mastering the art of following up could be the key to unlocking significant deals that others might overlook. I also recount a powerful example of a young recruit who, with grit and determination, successfully closed deals on leads that were over two years old. Tune in to discover why persistence pays off and how you can apply these strategies to boost your own success.

[0:00] - Introduction

[00:44] - The importance of follow-up and how it can unlock hidden opportunities in old leads.

[01:36] - Training new sales reps with old leads to build their skills and resilience.

[03:26] - A success story: A 21-year-old recruit closes deals on 720- and 765-day-old leads.

[05:05] - The financial impact of effective follow-up: turning $20,000 in marketing spend into profitable deals.

[06:29] - Encouraging listeners to adopt a diligent follow-up routine to maximize their real estate profits.

[07:48] - Final thoughts on the importance of follow-up and a call to action to engage with the podcast.

• Follow Michael on Instagram: realestatemike02

Thank you for tuning in to today's episode of the Properties to Profits podcast. If you found this episode valuable, please subscribe, share it with others who might benefit, and don't forget to follow me on social media for more tips and updates. Keep turning properties into profits, and remember, the fortune is in the follow-up!