Show notes
GUEST BIOMark McMahon has worked in broad areas of real estate, beginning as a contractor to getting involved in mobile home parks, flipping and traditional real estate investing - his experiences today have helped him the investor and agent that he is today with a very special niche in being able to be the bridge for Japanese & international investors overseas considering that he’s also fluent in the language.Mark today loves to educate as much as he loves to invest. He spends his time educating agents on how to be on the other side of the closing table as investors. He is more than qualified with his 35+ years of real estate experience and his respectful portfolio of 40+ units.Mark brings some sun to the lab joining us from orange county - you don’t want to miss this one. Let’s build.HIGHLIGHTS OF THE EPISODE02:43 Background of the guest - Mark Mcmahon08:10 Doing different projects as a contractor10:08 Started Investing on Mobile Homes15:30 What is a Space Rent?19:28 Buying a mobile home park or buying a mobile home?KEEPING IT REAL23:52 What wholesaling does25:25 Investor from the west coast29:08 Prices of properties in west coast31:37 Biggest misconception36:06 Vertical real estate37:35 Best advice ever received39:37 Worst advice - LeveragingANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:43:54 Favorite Book - Rocket Fuel by Gino Wickman45:40 Best Habit - Getting up early and running | “Me” time48:27 One 300 unit apartment vs 3 apartments of a 100 units - 3 apartments52:00 Cash Flow vs Equity - Cash Flow56:41 One super power - ContentmentBOOKS MENTIONED IN THIS SHOWThe Millionaire Next Door by Thomas J. StanleyRocket Fuel by Gino WickmanNOTABLE QUOTES (KEY LESSONS):“Our day job is to make money, our long term wealth job is to own properties”“In real estate, you can do so much in up and you can do so much in down and you can do so much in a stagnant market. There’s so many things you can do if you can just shift”“If you can’t stick with it, don’t start with it”“The guy with a thousand units isn’t the winner, the guy that’s the winner is the guy that can do what he wants to with his time and have plenty of money to do it.”CONNECTING WITH THE GUESTWebsite: www.arborrealestate.comInstagram | LinkedIn | YouTube | TikTok#ExperimentInvestor
