Mike WolfThe amount of debt that I had at that time seemed like an insurmountable amount of money that I would never be able to pay off in my lifetime, and I thought, if I go get another degree, I’m going to be to far in debt. So I went and got a job at the phone company.
Mike WolfIt really depends on your strategy, because for example, if you were a buy and hold investor, I would give you a much different answer than if you were a flipper or a wholesaler. So if you’re a buy and hold person, you’re trying to create passive income for yourself, I’m going to give you the three things I look at when I pick a market.
Mike WolfWhen you’ve been doing this a long time, and people all see all the fancy things that you’ve had over the years, and they see you on the beach and they see all these great things. To me, the most important thing, that stuff’s all awesome, I love it.
Mike WolfPhilip asked, “Did you get a mentor before your first deal?” And I’m gonna say that, if we go way back in time, 31 years ago, my first deal was by mistake. I got really, really lucky. I was a little bit older than Austin but not much older than Austin, and unlike Austin I developed a very, very big ego at that time
