Design Your Life with Mike Deaton

Designing Your Life with Passive Income: Mike Deaton's Real Estate Insights

Join Emma and special guest Mike Deaton from 'Flipping Dirt' as they explore the transformative journey from traditional jobs to achieving financial freedom through land flipping. In this episode, Mike and his wife Ligia share their experiences and strategies, emphasizing the importance of time freedom, a strong mindset, and efficient business operations. Dive deep into the world of passive income, learn the value of networking, and discover how to balance active and passive investments. Whether you're a seasoned investor or a budding entrepreneur, this episode provides valuable insights to help you design the life you desire.

Bio: In 2016 Mike and his wife both escaped the corporate world and plunged full-time into the real estate market together. They’ve since launched multiple real estate businesses across asset classes to combine tremendous cash-flowing financial returns with incredible tax benefits. They are currently active land investors as well as partners in more than 1,000 units of multifamily assets.

Today they enjoy giving back by coaching others to find more freedom through real estate. As real estate entrepreneurs, they love enjoying ultimate lifestyle freedom while delivering on their mission in making significant impacts to both investors and communities. And when they’re not busy adding value and serving others, you can find them at home in the Colorado mountains, enjoying the great outdoors.

Connect:
https://www.linkedin.com/in/michaelbdeaton
http://www.flippingdirt.us

Connect with Emma:
https://investwithemma.com
https://highrise.group
https://partnerwithrise.com/emma

00:00 Introduction: Designing Your Life for Freedom
00:15 Welcome to Passive Income Adventures
00:20 Meet Mike Deaton: Flipping Dirt
00:28 Life in Colorado: A Mountain Paradise
01:08 The Mission of Passive Income Adventures
01:35 Understanding Passive, Active, and Residual Income
02:57 Mike's Journey: From Corporate to Real Estate
04:37 The Reality of Entrepreneurship
07:44 Starting the Land Flipping Business
25:26 The Importance of Mindset in Business
36:44 The Challenges of Lead Generation
37:02 Understanding Different Business Avatars
37:55 Overcoming Business Struggles
39:11 The Importance of Consistent Action
41:16 Creative Solutions for Business Growth
47:13 Lifestyle Design and Financial Freedom
51:43 Balancing Work and Personal Life
52:46 Future Goals and Business Strategies
57:59 The Value of Intentionality and Spontaneity
01:02:16 Final Thoughts and Contact Information