10 months ago

Podcasts ROIClear Entrepreneurship Business Real Estate Commercial Real Estate

About the guest:
Mike Hubbell, CEO of Lux Living Homes, shares his remarkable journey as an entrepreneur since 1997. With over 1,100 completed construction and restoration projects, Mike reflects on lessons learned from navigating failures, helping distressed asset owners, and building a company rooted in the philosophy of "people before profits." In this candid discussion, he delves into his approach to solving complex challenges, empowering others, and finding success through persistence and integrity. Whether you're an entrepreneur, investor, or real estate professional, Mike's story will inspire and motivate you to turn challenges into opportunities.

0:00 - Introduction to Mike Hubbell
0:55 - Mike's Background and Experience
2:12 - Founding Lux Living Homes
3:45 - Helping People in Distress
5:30 - Philosophy: People Before Profits
6:50 - Sam Zell and Lessons from Distressed Assets
8:25 - Creative Solutions for Distressed Projects
10:10 - Example: Camas, Washington Project
12:40 - Negotiating with Lenders and the City
14:25 - Turning a Loss into a Profitable Deal
16:00 - Lessons from Failure
17:45 - Importance of Persistence in Business
19:30 - Reinventing the Business Plan
21:15 - Diversification and Risk Management
22:45 - The Role of Contractors and Workers
24:10 - Prioritizing Fair Payment for Workers
26:00 - Avoiding Overleveraging in Projects
28:00 - Failures, Lessons, and Honesty in Business
30:15 - Inspiring Stories of Other Entrepreneurs
32:00 - Demographics and the Future of Real Estate
33:45 - Catering to Millennial Preferences
35:20 - Sustainability in Real Estate Development
37:00 - Closing Thoughts on Business Success0:00 - Introduction to Mike Hubble
0:55 - Mike's Background and Experience
2:12 - Founding Lux Living Homes
3:45 - Helping People in Distress
5:30 - Philosophy: People Before Profits
6:50 - Sam Zell and Lessons from Distressed Assets
8:25 - Creative Solutions for Distressed Projects
10:10 - Example: Camas, Washington Project
12:40 - Negotiating with Lenders and the City
14:25 - Turning a Loss into a Profitable Deal
16:00 - Lessons from Failure
17:45 - Importance of Persistence in Business
19:30 - Reinventing the Business Plan
21:15 - Diversification and Risk Management
22:45 - The Role of Contractors and Workers
24:10 - Prioritizing Fair Payment for Workers
26:00 - Avoiding Overleveraging in Projects
28:00 - Failures, Lessons, and Honesty in Business
30:15 - Inspiring Stories of Other Entrepreneurs
32:00 - Demographics and the Future of Real Estate
33:45 - Catering to Millennial Preferences
35:20 - Sustainability in Real Estate Development
37:00 - Closing Thoughts on Business Success

Relevant Links:
YT: https://www.youtube.com/@mikehubbell8674
LinkedIn: https://www.linkedin.com/in/mikehubbell3583/
Company LinkedIn: https://www.linkedin.com/company/luxelivinghomes/
Company website: https://luxelivinghomes.net/

About Ray Hightower:
Ray Hightower is a tech company founder and commercial real estate investor based in Phoenix, Arizona, USA. He serves as CEO of Bridgetown Partners, the creator of ROIClear.