investing mistakes

What mindset does it take to get back on your feet from your investing failures? Today, Mike Ealy joins us to tell his story of massive success to sudden downfall, how he won his life back, and now making millions from his investments.

We also talk about why he’s diversifying his portfolio from apartments to hotels, his expert insights on the current state of the market, and the one thing that made him broke and investors must avoid. Get ready for another meaningful episode! 

Key Points & Relevant Topics

• Mike’s investing journey from 1999 and realization of the power of real estate
• Why you should avoid overleveraging in real estate
• The investment strategy that helped Mike bounce back from his failure
• Moving forward and keep going despite life’s toughest moments
• Ways to find opportunities in the current market condition
• Mike’s insights on the impact of the changing economy, the future of commercial real estate, and affordable housing
• Is it a good idea to diversify your investments into different asset classes?
• Qualities and skills investors must possess to succeed in real estate

Resources & Links

• To purchase Mike Ealy’s book “From Broke to Millions,” go to https://frombroketomillions.com/optin-419996821597688785464 
• Nothing Down How to Buy Real Estate with Little or No Money Down by Robert G. Allen
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Mike Ealy

Mike Ealy is a real estate investor, author, and coach. He has developed Nassau Investments into one of the key development firms in the Cincinnati area. Over an extreme 20-year period, Mr. Ealy has applied his knowledge of property and asset management to negotiate hundreds of successful real estate transactions. Mike’s strength is identifying the right projects, developing a clear vision, and then putting together the right team to specifically execute each project. Mike has a real estate portfolio of 200 million inclusive of hotels, apartments, industrial, and developments.  

Mike also coordinates with local community organizations, municipalities, and developers to create partnerships to move forward TIF, New Market Tax Credit, Low Income Tax Credit, stalled and privately funded projects. He has been an effective mediator, continuously able to gain community support and move forward stalled local development projects.  

Mike is the author of the book “From Broke to Millions” where he shows people how we went from losing everything in the early 2000’s to being financially free within 4 years. Mike has a passion to teach others how they can reach financial success and to realize that “They are One Big Deal away from Changing their Life.” 

Get in Touch with Mike

• Website: https://nassauinvests.com/ 
• LinkedIn: Michael Ealy
• Instagram: @mikeealynassau
• Private Facebook Group: Apartment Investing Secrets
• Facebook Page: Mike Ealy Nassau Investments

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

As an intro we discuss how certain aspects of our lives led to us wanting to live a nomadic life and how we could fund such a dream. 

From Tim's hypothermia scare forcing us to sleep in the trunk of the car, burnout from being overworked, and quitting jobs to strike out on adventures...

We tried flipping real estate, investing in start ups, chasing growth stocks, and starting businesses, but had mishaps with each endeavor.

Eventually, Tim stumbled onto the hidden potential of passive income from dividend stocks in the book Beyond Wealth. (Amazon affiliate link)

The second half of the episode gives an overview of the general principles of our income investing strategy that we'll be covering in future episodes.

If you're looking for a more detailed summary of this episode, click here. 

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Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.

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A few moments of truth about investing.

If you ever feel like you're alone in making investment mistakes, this episode is definitely for you! We have collected a few voicenotes from the Easy community to share the pain among each other, as this is a safe space after all.

Dj @ Large is joined by Cay-low Mbedzi (Junior Brand Manager at EasyEquities) and Jessica Joubert (Head of Social Media at EasyEquities) to serve as the episode's agony uncle and aunt, respectively.

Rewind and hit play to hear the different investing confessions - the good, the bad, the risks and rewards, and the ugly parts of following trends and allowing emotions to spiral.

Share the love with us on social media by letting us know what you think of the episode by tweeting @EasyEquities or tagging us on the gram.

To sign up to EasyEquities: http://bit.ly/2EtcE85

DISCLAIMER: EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorised Financial Services Provider. FSP number: 22588. This material is not intended as and does not constitute financial advice or any other advice and is neither exhaustive nor prescriptive. The views expressed by the contributor are his or her own (as an independently registered financial services provider, financial adviser or other independent capacity), and not necessarily endorsed by EasyEquities (as a separate financial services provider)

Find the courage to master the art of being a successful investor as Peter Vekselman shares his incredible story about bouncing back from failure. Listen until the end to discover the link between alignment, his unique business model, and how you can use it to level up in both business and life!

Key Takeaways to Listen for

• The most powerful business tool to elevate your business
• Unprecedented changes in the real estate market and how to navigate them
• Greatest benefits of mastering how to set your margins
• 2 things that drive the longevity of a real estate business
• Actionable tips to minimize common investing mistakes

Resources Mentioned in This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Peter Vekselman

Peter is a seasoned investor and has been a leader in the real estate industry for over 30 years. He has successfully done over 3,600 deals. Today, he leads a team of real estate professionals who continue to close deals across the country.

Connect with Peter

• Website: Partner Driven
• Instagram: @petervekselman

To Connect With Us
Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

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Do you want to learn how to give your money a purpose? Join us in today’s episode with David Richter as we look into common financial mistakes made by investors and how to prevent them, plus ways to establish a system to help you make the most of your income!

Key Takeaways to Listen for

• Biggest financial mistakes real estate investors make
• Why you should know how much money you need to save from your income
• 5 bank accounts every real estate investor should have
• Tips to determine your financial priorities

Resources Mentioned in This Episode

• Rich Dad Poor Dad by Robert Kiyosaki | Paperback and Kindle
• Profit First for Real Estate Investing by David Richter
• Profit First by Mike Michalowicz | Hardcover and Kindle
• Crucial Conversations by Kerry Patterson, Joseph Grenny, Ron McMillan, and Al Switzler | Paperback and Kindle
• Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About David Richter

David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going.

David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company, Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.

Connect with David
Website: Simple CFO

To Connect With Us
Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

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Sometimes, real estate deals go wrong, and it can be demotivating to keep going, but how can you turn negative situations around to recover from losses? Be inspired to stay positive despite expensive mistakes as we have Stas Grinberg on the show today! He'll share his story of twists and turns in investing, how he handles investors from a bad situation, and the need to do due diligence in every deal. Take advantage of this episode and learn more!

Key Takeaways to Listen for

• The importance of having local knowledge before investing in a property
• An efficient way to avoid the same mistakes from a failed syndication or bad deal
• How to turn your investing mistakes and failures into a business strength
• The contribution of military leadership skills to the success of a real estate business
• Criteria for choosing the best investment market
• Why it’s better to invest in deals where a bank is involved

Resources Mentioned in This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Stas Grinberg

Stas Grinberg is the Co-founder and Managing Principal of Vision & Beyond, a multi-family real estate investment firm with a portfolio of over $250M and 2,500+ multi-family residential units under management in Ohio, Kentucky, and Indiana.  

Stas has been in the real estate industry for 10+ years and has grown Vision & Beyond from two employees to over 60 and many investors worldwide. When starting his company in 2018, he lost about $1.5M due to challenges he experienced dealing with real estate contractors, but he managed to get over that and grow his company into the multi-million-dollar business it is today.  

Previously, Stas worked for two Israeli investment firms that financed new construction opportunities in Birmingham, Alabama, Atlanta, Georgia, and Los Angeles, California. He also previously served as a Tank Battalion Commander in the Israel Defense Forces and was awarded the prestigious Israeli President's Outstanding Soldier badge. Since the beginning of the Russian-Ukraine war, Stas has sponsored a group of weekly volunteers helping Ukrainian refugees in Poland. He is a proud husband and father of three children.

Connect with Stas

• Website: Vision & Beyond
• LinkedIn: Stas Grinberg

Connect With Us

Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

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Making investing mistakes as a beginner in the stock market will happen, but more important is if you can learn from your mistakes. You don't have to feel like you're a dummy. However, I want to prevent this from happening by letting you know what the five common mistakes are that investors make, so you won’t fall for them.

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