Join John Crutchfield on the Grab the Map podcast as he interviews Michael Hoang, a real estate investor who retired from his W2 job to pursue full time real estate investing. In this episode, Michael shares his unique story of taking his wife's last name, his journey in real estate through house hacking, and retiring early. Michael discusses his strategies for finding and securing deals, the importance of mentorship, and how direct-to-seller marketing has helped him capture equity. He also offers insights into personal growth, work-life balance, and networking in real estate. Whether you're new to investing or looking for advanced strategies, this episode is packed with actionable advice and inspiration. Don't forget to reach out to Michael via his contact information if you have questions or deals you'd like to discuss!
Timestamps:
00:00 Introduction and Special Guest Michael Hoang
00:43 Michael's Unique Last Name Story
01:57 Diving into Real Estate Investing
04:56 House Hacking Explained
11:35 Scaling Up: From House Hacking to Multiple Properties
19:57 Direct to Seller Marketing Strategies
22:05 The Importance of Mentorship
27:13 Current Real Estate Deals and Future Plans
31:33 How Real Estate Changed Michael's Life
32:54 Conclusion and Contact Information
Here are 5 actionable takeaways from the podcast episode:
• Reach out to Michael Hoang directly by texting him at 832-301-9672 to ask real estate questions or discuss potential deals in the Houston area.
• Join Michael's free Facebook group "New Beacon with Michael Hoang" to connect with him and access additional real estate resources. Consider implementing a "house hacking" strategy by living in a multi-unit property and renting out the additional units to offset your mortgage.
• Seek out mentorship from active real estate investors and lenders in your local market to accelerate your learning and investing journey.
• Evaluate your current expenses and debt-to-income ratio to identify opportunities to free up capital that could be invested in real estate.
Quotes:
• "Money is not the issue. It's the deals that are the issue. The opportunities are amazing."
• "You've got money. You've got all the money in the world you could ever want. Go to a meetup. Everyone there has money."
• "Pick what you have, what you can best offer, and partner for the other two. It is a team sport."
• "Every real estate deal happens with three ingredients - somebody's time, somebody's knowledge, and somebody's capital."
• "If your car was paid off and you had no cost of living, how much money do you really have every month? You have a lot of money."
How to get in touch with Michael Hoang:
Personal Phone Number: 832-301-9672 (text first before calling)
Michael's Instagram handle: @michaelbesomeone
Michael's Facebook group: New Beacon with Michael Hoang
If you are interested investing in real estate and make connections, shoot an email at [email protected]. Read on some of our blogpost http://grabthemap.com/.