BTM153: Millennial Immigrants Build $57 Million Portfolio in 24 Months with Philip Michael
04/10/20 • 52 min
Philip, today's guest, moved to the US in 2014 and started investing in real estate in 2016. As a writer, he leveraged his his skills to win writing competitions for ends meat and eventually landed on SiriusXM radio and Tv since he couldn't yet work legally in the U.S.
Fast forward a couple months and along with his nephew/co-founder FC Barcelona star Martin Braithwaite, Philip built a $57M+ real estate portfolio in less than 2 years - including one of a few NYC high rises owned by "Millenials of Color".
On today's episode we discuss Philips journey to success and the wisdom he's gleamed along the way.
Links Mentioned in Today’s Episode:
Recommended Book:
Think and Grow Rich
Listen to these books for free with Audible!
Lifestyle Design App:
Philip, today's guest, moved to the US in 2014 and started investing in real estate in 2016. As a writer, he leveraged his his skills to win writing competitions for ends meat and eventually landed on SiriusXM radio and Tv since he couldn't yet work legally in the U.S.
Fast forward a couple months and along with his nephew/co-founder FC Barcelona star Martin Braithwaite, Philip built a $57M+ real estate portfolio in less than 2 years - including one of a few NYC high rises owned by "Millenials of Color".
On today's episode we discuss Philips journey to success and the wisdom he's gleamed along the way.
Links Mentioned in Today’s Episode:
Recommended Book:
Think and Grow Rich
Listen to these books for free with Audible!
Lifestyle Design App:
Previous Episode
BTM151: Real Estate Investing In A Crisis (The Coronavirus Episode) with Neal Bawa
COVID-19 is the biggest news headline since 9/11. This virus has had and will continue to have massive effects on international markets for years to come.
In the meantime, what are real estate investors doing about their property? What are newbie investors doing about getting started? What are home buyers and sellers doing during this time of uncertainty? Is now the perfect time to buy real estate or is it time to hold out?
Today's guest, Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, process freak and outsourcing expert. Neal treats his $250+ million-dollar portfolio as an ongoing experiment in efficiency and optimization.
On today's show, Daray and Neal discuss the effects of the coronavirus in the 2020 real estate market. You'll learn if and when to jump in and you'll also understand the real effects, backed by data, of the different real estate asset classes as a whole.
Key Points From This Episode:
- How to use public city data to select your real estate investing market
- Bold prediction: Lower real estate prices for the next 1 to 2 quarters.
- Bold prediction: Buy Strip Malls for 50-60% off
- Neal prediction on the healthcare industry boom in the next 10 years (i.e medical office REITs)
- Worldwide forgiveness of all debt coming soon? (Debt Jubilee)
Links Mentioned in Today’s Episode:
Recommended Book:
Miracle Morning with Hal Elrod
Listen to this books for free with Audible!
Lifestyle Design App:
Next Episode
BTM154: Q&A with Daray – Affiliate Income, Stimulus Checks, Stuck Overseas, Market Predictions & More
After Live Q&A's on a few social media channels such as Facebook and Instagram, I decided to pop open a bottle of wine and answer some of your most pressing questions about real estate and business here in 2020.
We covered many topics such as extra income sources during these uncertain times, government relief programs, virtual wholesaling, 2020 market predictions, book recommendations and so much more.
Links Mentioned in Today’s Episode:
Fundrise: Real estate investor crowdfunding
Propstream: All in One investor tool
Lifestyle Notary (Loan Signing Agent)
BTM Episode 151 with Neal Bawa
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