WHH47: Stop Being a Landlord. Be a Real Estate BANKER! with Mitch Stephen

Mitch Stephen The Win Heather Havenwood

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Who is Mitch Stephen?

Mitch Stephen started out like most people in Real Estate Investing … as a landlord. When it didn't give him quite the income and freedom he had hoped, he started digging into the Owner Finance model. Over the past twenty years, Mitch has bought and sold over 1,500 houses! Today, he's explaining exactly why he left the landlord game behind and decided instead to become the banker!

“Wealth comes from chaos.” – Mitch Stephen

Why Mitch's Business is Recession-Proof

One of the great things about Mitch's Owner Finance business model is the fact that it's virtually recession-proof. Not only does his business continue to succeed during a recession, it actually grows! In today's episode, Mitch explains exactly why this is.

“My business model thrives in the recession.” – Mitch Stephen

Why You Need to Stop Being a Landlord

Being a landlord is a pretty widely accepted concept but, it's not as glamourous as you might think. You have to deal with your tenants not paying on time (or at all), you're on the hook if something breaks, and you're also the one responsible for the insurance and taxes. Why not eliminate all that stress from your life? Mitch did and you can find out how in today's episode.

“People will pay more to own a house than to rent.” – Mitch Stephen

If you are short on time, here are the highlights of Stop Being a Landlord. Be a Real Estate BANKER! with Mitch Stephen:

Who is Mitch Stephen? (2:10)
Why Mitch’s Business is Recession-Proof (4:38)
How Mitch Uses Other People’s Money (OPM) to Buy Houses (6:47)
Why You Need to Stop Being a Landlord and Start Owner Financing (9:25)
What is Virtual Real Estate Investing? (26:30)

Connect with Mitch Stephen

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Mitch Stephen's Bio

Mitch Stephen has been a self-employed real estate investor for 20+ years. His real estate investing career started at the age of 23 when he read Nothing Down by Robert Allen.

Mitch, together with his wife and daughter, has purchased a fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,500 properties in and around San Antonio, Texas since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.