Properties to Profits

EP 59: Building an Unstoppable Team Culture

In this episode of Properties to Profits, I’m diving into a fresh, engaging strategy we’ve implemented to build an amazing team culture and keep everyone focused on their goals—Vision Bingo. I’ll share how this innovative twist on goal-setting has boosted engagement and created excitement among our team. By gamifying personal and professional goals, we’ve noticed a renewed energy and commitment that’s already paying off, even in the early days of the year.
 
Whether you’re managing a real estate business, leading a team, or working on personal development, this approach can help you or your team stay motivated and accountable. Tune in to learn how you can apply this creative idea to your team or even your personal life!
 
Timeline Summary:
[0:00] - Introduction
[0:37] - Why traditional goal-setting often falls short and the inspiration for Vision Bingo.
[1:14] - How Vision Bingo works: gamifying 24 goals to maintain focus and excitement.
[2:14] - The impact of gamification: increasing engagement and fostering accountability.
[2:50] - Balancing personal and professional goals for a well-rounded team approach.
[3:27] - Encouragement to implement Vision Bingo and how it can transform team culture.
[3:38] - Wrapping up with a challenge: try this with your team and share the results.
 
Links & Resources:
•Connect with me on Instagram: @RealEstateMike02
 
If you enjoyed this episode, don’t forget to subscribe, rate, and share the podcast! Follow me on social media for more tips on building your real estate business. Let’s keep turning properties into profits together!

EP 58: How to Decide Who Deserves Ownership in Your Company

In this episode of Properties to Profits, I dive into one of the most frequently asked questions from aspiring entrepreneurs and business owners: when is the right time to give up equity in your business? I share insights from my journey of building multiple seven-figure companies and working towards my first eight-figure enterprise. From evaluating potential partners to deciding what makes someone truly worthy of equity, we explore the practical, emotional, and strategic sides of these critical decisions.
 
I also break down the different “camps” of people who seek ownership and offer advice for navigating these scenarios—from young, ambitious talent to seasoned professionals claiming their worth. If you’re curious about scaling your business, attracting the right team, and protecting what you’ve built, this episode is packed with tips to help you make smarter decisions.
 
Timeline Summary
 
[0:00] - Introduction to the Properties to Profits podcast and today’s topic.
[1:10] - Why most billionaires don’t own the majority of their companies.
[2:50] - The challenge of evaluating young, inexperienced talent for equity.
[5:30] - How to prove your worth as a young professional in a growing business.
[8:45] - Determining equity for operational partners and sales superstars.
[11:20] - Real-life examples of equity distribution done right and wrong.
[12:50] - What it takes to be an “A player” worthy of ownership in a company.\
 
Closing Remarks
 
If you enjoyed this episode, be sure to subscribe and share it with someone who could benefit from the insights. Don’t forget to follow me on social media for more updates, tips, and opportunities. Together, let’s keep turning properties into profits!

EP 57: Scaling to $6M: My 2025 Real Estate Game Plan Revealed

In this special New Year’s episode of Properties to Profits, I reflect on an exciting and challenging 2024, diving into the numbers from our wholesaling, flipping, and rental businesses. While we didn’t quite hit our $4M assignment goal, I share key takeaways on team dynamics, our most successful strategies, and areas for improvement. From planning for ambitious 2025 revenue targets to introducing new hiring incentives, I break down how we’re setting up for growth and success. Plus, I discuss the surprising results from our marketing channels and the role of our website in driving revenue. This is a transparent look at the highs and lows of scaling a real estate business.
 
If you’re ready to learn from the wins and lessons of the past year and hear the game plan for doubling our business in 2025, tune in now!
 
Episode Highlights:
[0:00] - Introduction
[0:34] - Reflecting on 2024: Goals, achievements, and lessons learned.
[1:14] - Breaking down the $3.58M assignment revenue and 176 deals closed.
[2:36] - Flipping recap: Missed goals but saw high profit margins.
[4:24] - Rental performance and why scaling the wholesale business is the key to future growth.
[6:11] - Marketing insights: Best and worst return on ad spend.
[7:42] - Our ambitious $6M revenue target for 2025 and the game plan to hit it.
[9:28] - Exciting plans for meetups, key hires, and launching a real estate fund.
 
Key Takeaways:
1.Focus on Team Alignment: Losing key team members was a challenge, but letting go of individuals who didn’t align with our vision has set us up for better long-term success.
2.Optimizing Marketing Spend Works: Google AdWords delivered the best return, while Facebook underperformed. Adjusting ad spend priorities can significantly impact revenue.
3.Plan for Success: Setting clear, actionable goals and investing in key hires for 2025 will help drive us toward our ambitious $6M target and beyond.
 
Closing Remarks:
Thank you for tuning in to this episode of Properties to Profits. If you enjoyed today’s recap and are excited about what’s ahead, please subscribe, share, and leave a review. Let’s keep turning properties into profits together!

EP 56: How to Create Clarity in the Presence of Chaos

In this episode of the Properties for Profits Podcast, I dive into the transformative power of controlling your mindset and the role it plays in achieving success in both your personal and professional life. From understanding the connection between emotions and reactions to reframing thoughts to embrace challenges, this episode is packed with actionable insights. I share personal stories and practical techniques to help you shift your perspective, set daily intentions, and stay motivated—even when faced with difficulties. Whether it’s enhancing your workouts, engaging with loved ones, or staying productive at work, mastering your mindset is the key to unlocking your full potential.
 
If you’re ready to take control of your thoughts and emotions and find joy in the journey, this episode is for you!
 
Timeline Summary:
[0:00] - Introduction
[0:44] - Why mindset is the foundation for personal and professional success.
[1:06] - Understanding emotions as responses and how to reframe them.
[2:25] - Overcoming anger by identifying its root cause and letting it go.
[3:34] - The power of reframing: From dreading workouts to craving them.
[4:41] - Setting intentions to maximize productivity and stay focused.
[6:05] - Intentional parenting: Being present and patient with your child.
[7:37] - Supporting others’ passions and finding genuine interest in their pursuits.
 
Key Takeaways:
1.You Control Your Emotions and Reactions – While emotions are natural responses, you have the power to reframe your thoughts and choose how to feel in any situation. This mindset shift can help you navigate challenges with clarity and purpose.
2.Intentionality Shapes Success – Setting clear intentions for your day, whether it’s during workouts, at work, or with loved ones, helps you stay focused and productive. Intentional actions lead to better outcomes and greater fulfillment.
3.Reframing Challenges Leads to Growth – Viewing difficult tasks or situations (like workouts or engaging in unfamiliar hobbies) as opportunities for growth can transform them into enjoyable and rewarding experiences.
 
If this episode resonated with you, don’t forget to subscribe, share it with friends, and leave a review! Follow me on social media for more updates, tips, and insights to help you turn properties into profits. Let’s keep growing together!

EP 55: Is the Real Estate Market Slowing Down? November Market Recap

In this special bonus episode of the Properties to Profit Podcast, I dive into a detailed market recap for November 2024 using insights from Columbus Realtors’ statistics. We explore how the market is shifting and what the numbers mean for real estate investors like you. From changes in closed sales and average prices to an increase in inventory, there’s plenty to unpack. Whether you’re flipping properties or holding rentals, this episode provides actionable insights to help you navigate the current market trends with confidence.
 
I also share my take on how these trends might play out in the coming months and how to adjust your strategies to stay ahead. Tune in for the stats, strategies, and mindset you need to succeed in today’s real estate market.
 
Episode Highlights
[0:00] - Introduction
[0:37] - Introduction to the new bonus market recap format.
[1:00] - November 2024 market stats: Closed sales up by 3.5%, contracts up 8%.
[2:20] - Median sales price and price per square foot increase year-over-year.
[3:19] - Inventory spikes: A 21% increase in homes for sale and rising month supply.
[4:10] - Days on market trends: Why properties are taking longer to sell.
[4:50] - Franklin County insights: Closed sales down 3.5%, but prices up 6.7%.
[5:20] - School district trends: Median prices climb as sales decline.
 
Key Takeaways:1. Rising Prices Amid Higher Inventory: Despite a 21% increase in inventory, average and median sales prices continue to climb, signaling demand resilience. 2. Longer Sales Timelines: Days on market have increased significantly, highlighting the need for flippers to factor longer sales timelines into their budgets. 3. Localized Trends Matter: Franklin County saw a decline in closed sales but an uptick in prices, showcasing the importance of monitoring specific regions and school districts for nuanced strategies. If you enjoyed this episode, please rate, review, and share the podcast! Don’t forget to follow me on social media for more updates and insights. Together, we’ll keep turning properties into profits!

EP 54: Inside My Dispositions Strategy: The 200-Deal Blueprint:

In this episode of the Properties to Profits Podcast, I take a deep dive into one of the most frequently asked questions I get: How do we efficiently dispose of deals? Whether you’re a seasoned investor or just starting out in real estate, this episode is packed with actionable insights on how to handle your dispo process with precision and strategy.
 
I walk you through the unique methods we use to secure buyers, avoid backdoor deals, and maximize profits on every transaction. You’ll hear about why building strong relationships with buyers and agents is critical, how to analyze market comps effectively, and why having a flexible strategy for deal disposal sets you apart. From first contact to final sale, this is a roadmap for success in moving properties.
 
Timeline Summary
[0:00] - Introduction
[0:36] - Introduction to the dispo process and the importance of protecting your deals.
[1:12] - Why texting local buyers is our go-to starting point for dispo.
[2:17] - Using Facebook groups and personal calls to vet real buyers.
[3:30] - Identifying flip comps using tools like Zillow and PropStream.
[4:29] - Building relationships with agents and leveraging their networks.
[5:46] - Decision-making strategies: renegotiate, list, or walk away.
[6:09] - Final tips for closing deals and scaling your real estate business.
 
3 Key Takeaways from This Episode:
1. Build Relationships to Avoid Backdoor Deals
Establish strong connections with your buyers and agents to ensure trust and loyalty. Vet buyers carefully through direct communication and prioritize those who have successfully worked with you in the past.
2. Leverage Market Insights for Strategic Targeting
Use tools like PropStream and Zillow to analyze recent comps and identify potential buyers, such as those involved in flipping properties. This targeted approach helps connect you with the right buyers for specific deals.
3. Be Flexible in Your Dispo Strategy
Have a backup plan if initial buyer outreach doesn’t yield results. This might include renegotiating with the seller, listing the property, or finding off-market buyers through creative means like calling local landlords. Adaptability is key to closing deals efficiently.
 
Thank you for tuning in! If you enjoyed this episode, please take a moment to subscribe, rate, and review the podcast. Don’t forget to share it with others in your network who are eager to turn properties into profits. Follow me on Instagram at @RealEstateMike02 for more tips and behind-the-scenes content. See you next time!

EP 53: Why Quick Decisions Could Be Holding You Back

In this episode of Properties to Profits, we dive into the art and importance of making thoughtful decisions, especially in high-pressure situations. I share personal stories about past decisions made on impulse and the valuable lessons they taught me about pausing, reflecting, and seeking trusted guidance. You’ll hear about practical frameworks to process emotions and make better choices, ensuring your decisions align with your long-term goals. Whether it’s about relationships, career changes, or major life events, this episode provides actionable advice on how to make decisions with clarity and confidence.
 
Key Takeaways
1.Pause Before Reacting: Quick decisions often stem from fight-or-flight instincts and may not serve your best interests.
2.Process Emotions: Understand your emotions before making a decision—anger, for instance, is often a secondary reaction to deeper feelings.
3.Leverage Trusted Advisors: Seek guidance from mentors, therapists, or trusted individuals who can provide objective perspectives.
4.Take Time for Big Choices: Give yourself 48–72 hours to think through significant decisions to ensure they align with your long-term goals.
5.Build Your Support Network Early: Cultivate relationships with trusted people before you face challenges to have reliable support when you need it.
6.Self-Care First: You can’t make sound decisions or help others effectively if you haven’t addressed your own needs and mindset.
 
Episode Highlights
[0:00] - Intro
[0:37] - Introduction to today’s topic: The impact of quick decisions and their ripple effects.
[1:02] - A personal story about a major life decision and what I learned from it.
[2:16] - The importance of processing emotions before making life-altering choices.
[3:32] - Why taking 48–72 hours before committing to big decisions can save you from regret.
[4:49] - The value of having trusted advisors, therapists, and mentors in your corner.
[5:29] - Building relationships with trusted individuals before you need their help.
[5:41] - How others can guide you through challenging decisions and reduce friction in life.
 
Closing Thoughts
Thanks for tuning in! If you enjoyed this episode, please subscribe, share it with your network, and leave a review. Remember, decisions shape your journey—make them wisely! See you next time as we keep turning properties into profits.

EP 52: What It Really Takes to Earn Equity in My Company

In this episode of Properties to Profits, I dive into a question I’ve been asked repeatedly: Would I give up equity in my company? Sharing from personal experience, I break down why giving up equity is one of the hardest decisions to make as a business owner. I outline the circumstances where it has failed me in the past and, more importantly, the rare cases where it’s worked.
 
I also share practical advice for those seeking equity—what it really takes to earn it, how long it can take, and why proven results are the only thing that matters. Whether you’re an ambitious young professional or a seasoned executive, this episode will help you understand the true value of equity, the risks involved, and the mindset you need to succeed. Tune in to hear what it takes to stand out and why equity isn’t given—it’s earned.
 
Episode Highlights:
[0:00] - Introduction
[0:36] - Why giving up equity has often backfired for me in the past.
[1:15] - The two instances where giving equity actually worked—and why.
[2:30] - The truth about earning equity: baseless promises vs. proven track records.
[4:09] - What it takes to deserve equity: showing up, delivering results, and exceeding expectations.
[5:12] - The critical role of alignment in core values and goals when sharing equity.
[8:14] - Advice to younger professionals: prove yourself over 5+ years and build a resume that demands equity.
[9:30] - My vision for the future: scaling to $100M+ and why equity will drive success.
 
Key Takeaways:
1.Equity is Earned, Not Given – To earn equity, you need to deliver consistent, proven results over years. It’s about actions, not promises. If you can’t show a track record, don’t expect equity.
2.Alignment Matters – Sharing equity only works when there’s alignment on core values, work ethic, and long-term goals. Without that, conflict will follow.
3.Future Upside Requires Risk – Equity means trading short-term compensation for future gains. It’s not guaranteed, but for top performers, it can lead to massive opportunities in the long run.
 
If you enjoyed this episode, don’t forget to subscribe, rate, and share Properties to Profit with your network. Follow me on social media for more insights on building a profitable real estate business. Let’s keep turning properties into profits!