Learn How Everyday People Can Create Passive Income
Mike is a 53-year-old fixer turned real estate investor – he takes things that seem broken and finds solutions.
Ordinary dads can relate to Mike’s upbringing.
“Elementary school was the first time I ever saw a computer,” he said. “I was fascinated with it, and by the 3rd grade, I wanted to be a computer programmer.”
Mike says he specialized in taking things apart and putting them back together as a child, including heating and air conditioning systems, lawnmowers, ovens, washers, and dryers.
“I’ve always been handy at building and fixing things,” he said. “The worst mistake my parents ever made was getting me a toolbox when I was four years old.”
Mike graduated in 1987 from Monroe Woodbury High School in Central Valley, New York, before attending the NY Institute of Technology.
“I graduated with a bachelor’s degree in electrical engineering,” Mike said. “And then I went into cyber security.”
Mike relocated from Monroe, New York, to Raleigh, North Carolina, and started building a family in his second marriage.
With three children, he started focusing on leaving a legacy and economic freedom.
After spending years watching home improvement shows, he chiseled away at online programs until he found a proven system that works for new real estate investors.
“Other programs felt scripted and overly complicated,” said Mike. “Glenn is not pushy or arrogant; he didn’t over-sale the program – he was just a regular guy.”
Glenn and Amber Schworm are passionate about helping everyday people create wealth through real estate investing.
Having flipped over 1000 houses with complete success valued at over $100 million and counting, they are now helping others.
They use their unique Home Flipping Workshop formula to equip everyday people to find, fund, fix, flip and hold properties.
Glenn and Amber started real estate investing out of sheer desperation.
They were $80K deep into credit card debt and needed to make large chunks of cash to dig their way out.
“Their program cost more money than others I’d seen,” Mike said. “But two of my Facebook friends were friends with Glenn, so I trusted him and the leap of faith in December 2021.”
Glenn and Amber specialize in connecting with everyday people.
Mike registered for the 3-day course at the Home Flipping Workshop soon after he received coaching from VestorPro.
By July 2022, Mike purchased a house nearby in Troy, Ohio, which he could use for short-term student housing.
“My son was heading off to the Hobart Institute of Welding in Dayton, Ohio,” he said. “But he was responsible for finding student housing.”
The house was a solution to his son’s residency and his opportunity to make his first investment.
Mike needed to creatively piece together a strategy that would work for his son while also making a wise real estate investment.
He purchased a property for $169,000 using his son’s name on the mortgage as a first-time homebuyer. As a result, Mike and his son only put 5 percent down.
However, the rental income pays for the property and enables his son to live rent-free.
“It also allows me to build my capital while having other people paying down my mortgage,” Mike said. The Hobart Institute of Welding has new revolving classes starting every 4-6 weeks for the 10-month program.
“Students are coming and going all the time,” he said. “So, finding housing can be difficult.”
When his son graduates from the program and relocates, the fully occupied house will produce a $400 monthly profit.
“I was able to pay a stay-at-home mom to manage the property for me,” Mike said.
As a result of the irregular rotation of students revolving through the program, unable to secure a 1-year lease, Mike couldn’t contract with a property management company.
He learned how to be creative with the real estate deal from start to finish.
“We’ll have to see what happens next,” said Mike. “We’ll need to decide whether to hold the property, sell it, or buy five more.”
It all depends on demand, he explained.
Purchase Price: $169,000
Down Payment: $8,450
“Without the workshop, I would never have had the confidence to do an out-of-state real estate deal,” Mike said. “The home Flipping Workshop got me started on this journey, and thanks to Glenn and Amber, I’m putting the pieces together.”
Currently, he’s on a mission to fix and flip houses in his hometown of Raleigh, North Carolina, with one offer pending.
“If something is broken, you can’t break it anymore,” Mike said. “Just try to fix it.”
Mike has used Home Flipping Workshop to discover creative real estate solutions to leave a legacy of financial freedom.
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