Real Estate Blog

Investor Interview with Michael Hicks


Thursday, February 6, 2020

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Michael Hicks, Investor

Q: Who was your first business mentor?  

A: Jimmy Baker 

 

Q: Who was your first mentor in real estate?  

A:  John Whitmire

 

Q: What is your favorite book? 

A:  Richest Man in Babylon


Q: What is the best lesson you have learned in real estate? 

A: Don't be afraid to ask for help. Someone out there has already made the mistake you're about to make. Ask if you're not sure. It will save you lots of time, grief, and money.


Q: How many properties do you own? 

A: Enough. 

 

Q: When did you start investing? 

A: I purchased my first rental at 19 (Year 2000).

 

Q: Why do you Invest?

A: To leave a legacy for my family, the thrill of structuring deals, helping others, and to give back.


Q: What is the best advice you have received?  

A:  When buying, don't worry about the price if you can get the terms you want. When negotiating, you can give price or terms, but you can't give both.  


Q: Do you have a favorite podcast?  

A:  I listen to several. Depends on what I'm focusing on. At the moment, it's anything regarding short term rentals. 


Q: Any hobbies? 

A: Traveling, watching my kids play sports, fishing, paintball, and sporting clays


Q: What is the best advice you could give someone else? 

A: Don't be afraid to ask for seller financing.  


Q: Is there a place for you where time slows down?  

A: On the Tennessee River with a fishing pole in my hand.


Q: If you were a member of a music group, it would be _________?

A: The Oak Ridge Boys


Q: I was introduced to Auben ______.

A: in 2018 when I was invited to lunch for a meet and greet.


Q: If you weren't investing in real estate you would be_______.

A:  teaching shop class.

 

Q: If you were to start over_______.

A: I would have started looking for higher priced homes. It's just as easy to buy a $100,000 home as it is to buy a $30,000 home. I'd rather have ten $100,000 homes than thirty $30,000 homes.



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