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My Life & 1,000 Houses: Failing Forward to Financial Freedom, by Mitch Stephen
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This autobiographical tale is perfect for entrepreneurs and a must-read for anyone aspiring to be a real estate investor. Beginning with a handful of credit cards, he mastered the art of the purchase and sale of single and multi-family residences, small commercial properties, manufactured homes, raw land and lots, and eventually was honored by the San Antonio Real Estate Investors Association. Combining commonsense, experience and technology, he merges real estate and Internet marketing. With fifty one informative chapters, including an eye-opening introduction to “Adversity University,” and powerful food for thought in “Escaping the Debt Trap” and “The Moat Theory: Keep Something Sacred,” this book provides insight far beyond deal making. In the second half of the book, he delivers eighteen anecdotes such as “So What Can a Dollar Buy?” and “The Art of War,” stories about real life in the real estate trenches. You simply can’t make this stuff up. While everyone’s struggles are different, you are sure to connect with the author’s tumultuous and rewarding journey. You don’t need a college class ring to be a success but a successful person’s education never ends. Continue your education on a deeper level and read the book My Life and 1,000 Houses.
- Sales Rank: #227214 in Books
- Published on: 2008-11-12
- Released on: 2008-11-12
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.02" w x 6.00" l, 1.40 pounds
- Binding: Paperback
- 406 pages
About the Author
A self-taught real estate entrepreneur, Mitch Stephen has purchased over a thousand properties over the past decade. He was proclaimed the founder of the San Antonio Real Estate Investors Association whose more than eight hundred members dedicated their headquarters in his name. The founder of Homes2Go.NET, a powerful Internet tool for real estate investors, he preaches the virtues of the worldwide web and the absolute necessity of a global presence. In addition, he has lectured on a wide variety of topics, ranging from owner financing mobile homes to purchasing commercial buildings. Truly a renaissance man, in March of 2005, he won the Tejano Music Award?s ?Crossover Song of the Year? for ?Who?s that Gringo,? co-written by Billy O?Rourke and performed by the multiple Grammy Award-winning group, David Lee Garza y Los Musicales. Mitch Stephen lives and works with his wife and daughter in San Antonio, Texas. This is his first book.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Learned a ton
By Joachim Bosch
So I am a professional real estate investor and got this book as a gift from a friend. I put it aside for a while and finally picked it up and read it and I am so glad I did. Not only is this an amazing personal story of perseverance and persistence in the face of many adversities (private as much as professional) but it's also a book filled with lessons and even investing techniques and creative ways to structure a deal that I hadn't even heard about. There are many parts of this boon that stand out
- the different deals and how Mitch structured them are highly educational
- the personal story is highly motivational
- the most theory
Actually my favorite part of the book is the Moat theory of building your financial castle and moat and make yourself financially untouchable and secure as one of the prime goals in your financial plans. This is something that I have already shared with a lot of people and this concept alone has changed people's lives. Literally. Read the book just for that part even if you are not interested in real estate.
And last but not least what shines through again and again is that the only way to long term success is doing business the honest way.
Thanks Mitch for an awesome book.
I learned a ton.
1 of 1 people found the following review helpful.
The Real Deal!
By Rhonda Johnson
If you are considering going into real estate investment, read or listen to this story first! Mitch Stephen is the real deal and will tell you the realities of the business and how to succeed in life! This book really made me look at how dependent I am on my corporate job, and gave me inspiration to start making changes.
1 of 1 people found the following review helpful.
A story of overcoming adversity to realize personal fulfillment
By Jim F.
My goodness! I've read many books- mostly for entertainment, but lately have been reading more non-fiction for insight to assist me in my own endeavors. Why would someone do this? For the same reason no one accepts dieting advice from a fat person. We tend to emulate those that are successful in hope of replicating their success.
In this, Mitch does a great job of explaining how one who seemingly was a failure in life was able to become successful by finding their niche, and then perservering until success had been realized. From this perspective, this is a very inspirational story which is very raw and sometimes brutally honest in its approach. Not all success comes without sacrifice. Not all wins come without first losing.
This is a great book into the mindset of an entrepreneur and the steps he used to become more than he was. The vehicle used to accomplish this is real estate, so to an extent, those seeking success in this field will read looking for insight along with tips and tricks to assist them. I do invest in real estate, and to a large degree, this was why I purchased the book. However, my expectations were modified throughout the reading.
Slowly with each page turned, I began to feel an affinity for Mitch Stephen as a person rather than what I was reading about. As this is his first book, it is not as refined and polished as many others. This is an advantage in that a more trustworthy source becomes apparent. This is not a guru who is out to fleece readers of their money in search of more dollars. Why should he? He's already attained what others would consider an enviable level of success, so doesn't need.
Instead, this is a human story of one man's struggles to become successful in providing for his family while fighting perceptions of those around him that what he is doing is not worthwhile, nor a good use of time. In other words, while fighting feelings experienced by every entrepreneur to date as people tend to criticize rather than encourage for whatever reason by human nature. Think about this- how often do we critique rather than praise?
Upon finishing this book, I personally purchased his next book, as I did want more information on creative real estate. Between the two, I feel there is a wealth of information. However, like anything in life, unless that information is acted upon and used, then it will be pointless. For this book, if one wishes to find insight into real estate it is useful. If one wants a human story it is useful. If one wants a step by step guide as to what to do to become successful overnight without any effort- well, there are many other authors promising exactly that.
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