Working full time while investing in properties? You would think that you won’t have time for investing. Well, today’s guest can prove you wrong. Michael Glaspie has always been active in the military while doing real estate investing on the side.
In just three years, he was able to replace his entire paycheck with his passive income! He also has a tremendously growing portfolio – owning 48 doors that are single-family homes, duplex, triplex, 5-plex, an 8-unit property, and more!
Get inspired in this episode as he shares tips to work with investors, how his ultimate goals changed over time, and how he got to leverage his business in just three years. You’ll also know how focus, effort, and putting your mind into it can make the deal happen, so don’t miss this episode!
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Listen to the podcast here
48 Doors With Different Real Estate Properties In Just 3 Years With Michael Glaspie
I’m here with my buddy, Nick Monge. Nick, how are you?
I’m doing great. How about you?
I’m doing great. I’m sitting here in a park in Silverton, Colorado. It is a beautiful day. We had a wonderful hike and solidly the bluest water I have ever seen in a mountain. It was Caribbean Blue and it was incredible. Now we are talking real estate with you guys. It can get any better.
I’m going to have to go out there and check it out. I know my wife has been talking about going to different lakes and stuff, and if it is really as blue as you say it is, I know she would love to check it out.
You should come here. You guys should hike up tonight before the camp out at the lake. Wake up in the morning, catch that sunrise and then head back down. It is incredible. It is highly recommended.
Are you guys at a campsite or something?
No. We just post up wherever but you probably should stay in a campsite if you can but we last-minute long it. It is fairly typical of us but we found a place to pitch a tent and we are good.
What’s new with you, anything?
I’m excited that school is finally starting. It is August 20th, 2021 and school is starting. Kids are finally going back to school. I will have some time back to myself but other than that, we got some contracts in. I have been pretty busy with that and learning a lot about sub-to deals, so that has been good. I’m doing some wholesale deals.
You find a property where maybe you have an owner that needs to sell it quickly. They don’t have too much equity in the property to sell it on the market because after paying commissions and stuff, it will have to come out-of-pocket. With a sub-to, what you do is you buy it subject to the existing mortgage and then you wrap that with maybe a lease option or something. Three years down the line, when they refinance and cash you out, you get a big check plus the cashflow for three years, plus the option fee upfront. I have been learning a lot about that lately. That’s been pretty cool. I have an appointment with my first potential seller. That’s going to be cool. I’m looking forward to that.
We have been rolling here, helping a lot of people buy their 1st, 2nd, and 3rd real estate deals as investments and getting good cashflow properties here in the Denver market. It is great that we are to go on the flip side now and get some sellers involved. We can talk forever about us but the show is about one of my agents now in Fayetteville, North Carolina, Mike Glaspie with The Five Pillars Realty Team. He brings in much energy. He is a military guy, been there for ten years, and all this stuff. He was able to achieve financial independence in just three years while being in the military the whole time and grow his portfolio at exponential rates from 1 to 48 units and almost 60 units here. It has been incredible. I love his story.
He was cool. I love his military story and the passion he has for training military members. He is cool and, as you said, he brought a lot of energy. He was fun to talk to. I’m excited to get into it.
Let’s stop chatting here. Let’s get into the show.
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What’s up, Mike? Thanks for joining us. How are you doing?
I’m doing good, how about you?
I’m doing good. I’m sitting over here in Silverton, Colorado, in the beautiful little town which is covered with smoke from the wildfires. How about you?
I wish I had been there with you. It looks like that outdoor space is much more inviting than here but I’m good and staying busy.
We have done a lot in the past years and I heard your story there at a FinCon and I was like, “These guys are crushing over there and going from zero to hero quick.” That means financial independence. How did you first hear about it? Why did you want to seek it and then how did you get started?
I’m taking you guys to my story call. Typical story, I grew up in a middle-class family. When I got to college, I was going to be the first one in my family to graduate college. I had an academic scholarship. I was grinding but young me, I lost. I started partying too much and I lost my academic scholarship. I said, “What can I do? I can’t let my family down. I got to finish this thing off.” I joined the military. That was a smart move at that time. I joined the military to get my college paid for. I’m from Texas, the greatest country in the world. I was born there, raised there, and never left there.
When I joined the military within about three months, I was jumping out of planes and helicopters. This is exactly what a young boy’s dream is. I said, “I’m going in.” I have graduated college, went out and then and I decide how I’m going to do it. Let me go and do it to the fullest. I went out to Special Forces a selection process to become a Green Beret. I made it. Two years later, I was finally a Green Beret, and I was working special operations.
I have traveled all across the world and done all nice and fun missions, it was a good time but after a while, the deployment started to weigh on me a little bit. I started realizing, “There has got to be something else. My body and mind are not going to hold up.” I tried everything. All the MLMs you can think of and all the multi-level marketing. I was selling anything I could try to sell, like garage sales and all that good stuff.
Ultimately, I found out I was already real estate investing through house hacking, and we will jump in that story maybe a little bit later but I was like, “Why not try this real estate thing out?” Long story short, within a few short years of focused effort, I was able to get now about 48 doors. We then got a couple more under contract, another eight, and then we are hopefully another 21 under contract here. We are just rolling and rolling.
Align yourself with a realtor that understands the benefits of a VA loan. Share on XHow did you end up in Fayetteville? I know there is a large military base there. Did you just base there?
That was the military. We call it the Black Hole of the Army. Once I was here, I pretty much got the stuff.
Can you walk us through your first deal because that is the scariest one for a lot of people and we will dive deep there on that first one like stealing it from BiggerPockets? We call it the For Real Deal. What makes you a For Real investor?
The first deal was accidental. In the military, we had this thing called a VA Home Loan where we could purchase the property for 0% down. I went out, I was young, and I got the nicest thing I could find. It was a 3-bedroom, 2-bath, typical 1,200 square foot, and all that good stuff. I got to know some fairly affordable about $150,000. Still fairly affordable but what I was doing was I was renting out the other rooms. I didn’t know it at that time but I was house hacking. Mr. Curelop up here is the Godfather of the house hack, if you will. I was house hacking and I didn’t even realize it. I was like, “Cool.”
A couple of years passed and then I was like, “Maybe this real estate game. It is something I can do.” I tried to wholesale and that is why I have been off more than I can chew. I tried to get wholesale, did it all wrong, didn’t ask backward, got a property under contract, and I was trying to sell it. It ended up I lost money. We can get into that story a little bit, but I lost money, and I severed the relationship with the seller and all my other potential buyers. I had to sit back and lick my wounds a little bit, and then I decided, “What is something else that I can leverage to start investing?”
I did another VA loan, but this time, I did a live and flip. I took that original house hack. I turned into a long-term rental, grabbed another VA loan, bought a foreclosure lived-in, house hack it at the same time, and then I only lived in it for about 9 to 10 months. I was not going to do that for two years to save the capital gains tax. I lived in it for about 9 to 10 months and then sold it. I ended up selling and making a profit of about $23,000 on that one.
You did two VA loans at a time.
Yeah, you can do it.
You have two VA loans at a time, you bought a house hack that you lived in, and then you also follow me, you flip and you live in and flip.
I lived in and it was like a house hack flip. To go back to your point, the VA Home Loan, a lot of people are not savvy on that. For all the veterans out there that are reading, align yourself with a realtor who understands that the benefits of that VA loan can have simultaneous loans out at the same time. Most of it is going to be dictated by your ability to borrow and there is a certain threshold that the VA loan says, “We are only going to protect this amount.” Make sure that you are working with a realtor that understands it. It is powerful and essentially, I was able to buy and flip for 0% down. I lived in a house, house hacked it, turned around, and sold it on the back end.
What are the numbers on that one?
I bought it for roughly about $145,000. That is another tidbit for the VA loan. If you already have one active VA loan, your second purchase must be a minimum of $140,000. I should know that but somewhere close to that. It was right at $140,000. $145,000 is what I bought it at. Honestly, it was lipstick on a pig. It was in great condition. The biggest expense for me was the HVAC. I spent about $5,000 on the HVAC and then maybe another $3,000 to $5,000 on miscellaneous stuff as I was doing it myself around the house. I ended up selling it for $190,000. The kicker was when I sold it, and I looked at the closing or disclosure, I’m like, “We pay off for everything we paid for.” I pocketed about $23,000 but I paid that damn realtor $12,000 on. That was a little over $11,000, 6%. That was the day I decided, “I’m going to do this. I’m going to go get licensed and keep moving forward.”
You felt that one. You prop it. You see the power of real estate for that first deal. Was that scary at all for you? How did you feel going in certain expenses?
I have always been the guy to jump off the cliff and figure out how to fly. Some of my partners don’t appreciate that. We need to look at the numbers a little bit more. I’m more of a broad-strokes guy. I have the ability to deep dive into numbers and do the full analytical underwriting, but I understand where the variables are. I see where the ARV is, I understand what I’m buying it at, I understand the concept of holding costs, and so on. If I have a buffer room of X amount, whatever it is, then I’m comfortable. For example, if I were to flip and the profit margin is $30,000, I go, “Let’s play. It is game time.” It is because if I lose $10,000, I’m still going to make a profit of $20,000.
It is funny because I’m the same way as you, where I tried to simplify things in the absolute dumbest possible way. That way, you take action because no matter what happened, you are a human being, and putting that happens, you are going to adjust, you are going to make it better for you, and then you decide to get started. That is the biggest thing.
I like to play that rule of thumb. Can I explain this to somebody else because think about it as a certain phrase in your investing journey? You should be trying to raise private money and things of that nature. How are you going to explain it to somebody else? If you are going too deep into the numbers and you are talking about ROI, cash-on-cash return, petty payments, and amortization, you are going to lose a lot of people who have that private money. Let’s keep it simple. It is a big block of numbers, the little numbers can change but overall, we have a good idea of what we can afford.
The difference between keeping it simple and not knowing what the heck you are talking about is if someone were to come to you and have this big spreadsheet with all of these numbers, funny language, cutbacks, repairs, maintenance, management fees or insurance taxes, you know every single one of them. You could explain it and you understand how that funneled back into your super simple equation, which I recommend everybody do is understand it, but when you think you got to simplify it, make the deals happen.
Especially when you are trying to get investors, you got to keep it simple enough for them to understand that you don’t want to overwhelm them.
It is a good point because that is a concept in the sales industry but you want to keep it simple because it has to be powerful and easily digestible. If I get what I was going to say, “It is going to be good and I will come back to that.”
You got your person on your belt. All the fears, even if you had them or not, or even if they were there and you don’t tell anybody about them. What year did you do that first deal?
2014 is when I bought my first house and I was house hacking, but it was 2017 when I did the live and flip.
In 2017, you did that live and flip. That was what got you started taking real estate seriously. Now, all of a sudden, fast forward two and a half years later, you have got 48 units with another 48 under contract and boatloads of passive income and all that kinds of stuff. How did you grow up fast?
Tweet:The ability to scale comes when you learn how to leverage your weaknesses.
I got licensed to write and I partnered up with Shelby. She is an awesome realtor down here but she was also an investor. We got together and we were like, “We both enjoy investing and licensed realtors. What can we do to expand and grow?” I understood that in order for me to invest, I have to scale the capital because that is the whole point of getting licensed. I got to make more money. I love being in the place of scarcity because when I say scarcity, I’m saying a lack of funds. I love being broke because I know I can go out and make more money.
We decided how we could maximize what we were doing. We always want to continue to invest and we are licensed, “How do we maximize this?” We decided to create a team that is catered towards investors. The best thing about that is an investor is a repeat client. They go out there and buy one home. They buy five and we are able to do more with less.
The reason I say that is because as we were generating this capital, I was able to do things. I bought a turnkey investment property out of Illinois. Why? 1) I wanted to do passive investments. It was great returns. 2) I got to learn that system. What did that look like? We were able to mirror that model, slap it right down here in Fayetteville, and we didn’t bring it in-house. We don’t have contractors that are on our payroll, but we built the team. It is the same system.
When we were able to do that, we found these investors that were willing to lend us private money and then and all these other things. That is how I was able to scale. I made money through sales but I also made those partnerships with people that were willing to get private money. I bought into other partnerships with Shelby, Dan, and so on and forth.
Long story short, the ability to scale came when I leveraged out my weaknesses. It was the lack of time, money, or whatever. I was able to bring in those pieces and go from there. Although I have 48 doors, I only have fifteen that are 100% owned by me. The rest is partnerships. That is where somebody would say, “I can’t do 48 doors. It is still good but understands how it is divided and conquered. My ability to scale came from learning those systems, implementing those systems, and then partnership. You have to find people like mine that you can go for and buy these properties.
With your partnerships, are there more debt partnerships or equity? Are you splitting these 50/50? Explain the difference between the two.
Most of them are going to be equity. Essentially, we are going in as partners 50/50, 33/33/33, or whatever the case is, and we are going out there with loans to capture these properties. We are now dividing up the value of the property to cashflow the property all evenly. There will be an equity partnership.
The debt would be, if I’m taking private money, loans, or private notes out on some of these properties, we do have a couple of those but I would not classify them as partners. I would just take that as like, “That is now my lender.” It could be a private money loan, note, or whatever the case may be. We have that structure on how it is, but I wouldn’t count those technically as partners for me.
I have always been reluctant to use equity partners because it is like getting in bed with too many people thing. It is like where you got to worry about splitting things up or if someone wants out and you don’t, you got to buy someone out. You got to continue to update somebody on the property. Whereas with debt, it is getting my money and my interest. I don’t give a shit about what you do. I have always leaned more towards the debt side. Maybe talk a little bit about the equity side. Equity is a little bit more expensive, too, I suppose because you give away half of your property.
We can consider it that way but the way we do it is if we are happy to say that all of us right now, we are 33/33/33. We are going to all three go out and apply for a loan through the same. The down payment is $30,000. That means each one of us is bringing $10,000. The obligation for capital is evenly distributed. That is fine, and then we are now analyzing the property and we are looking at our true return on our investment. It is the same thing. If I brought $30,000, we got the same return on my money, so I’m just bringing $10,000. For that aspect, it makes sense.
As far as the people that you lie on a bed with you have to be on the same page of people, what we like to do is divide roles or responsibilities. Maybe you are going to handle all the coordination with property management and repairs. That is that one individual’s role. Next individual, you are talking with the lender and you are doing whatever. The next one, you are analyzing but we have more specific lanes, so we don’t step on each other’s toes.
Ultimately, as you mentioned, something may want to back out or sell their interest. That is fine. We have it all explained and understood upfront how it is going to work out. When the time comes, it is not that big of a deal. We lay everything out in front, and it is good to go but that is a great way for you to take $50,000 and truly spread that $50,000. Now, you just multiply it in however much you want.
You did the divide and conquer approach versus the use provide the money. I have done the work approach and that works for you guys. For anyone out there wanting partners, you just have to be overly communicative with everything you are feeling and saying. It is like a marriage. The more you keep things pent up inside of you, the harder is going to be later.
Those 48 units, are they a mix of multifamily and single-family? What was the breakup there?
It’s a mix. A lot of them are going to be your multifamily, duplex, triplex, fiveplex, and things like that. For example, on the smaller side, we have an eight-unit apartment complex where it is two quads but if they are the way that they are designed and structured, it looks like an apartment complex. It is nice. We have those types of things. We have an eight-unit under contract. We have a 21-unit that hopefully be locked up and we got it gone but the eighth-unit is one building with eight units, and then 21 will be 7 triplexes. We are gathering however we can.
Are all of these in North Carolina?
No. The majority are here but I have ten in Illinois. That is part of my 100%. That is what I got. I got another five out there I’m negotiating on right now, and they are spread out all over the place.
Give people an idea of what the market favors in terms of the purchase price of the house and all that kinds of stuff. What is a good house hack deal there? If you are not in Fayetteville, but if you are in a market similar to Fayetteville like the one Mike is about to describe will also suit your market because I know in Denver, single-family is the way to go. Where you are at maybe is something different.
Here, if you can get multifamily, great because we all have VA loans outside of Fort Bragg, you are getting your charter premiums for four units and below. Anything under 1 roof, 4 units and below, or 2 to 4 units and put it that way is extremely competitive. Why? It is because if you haven’t read the House Hacking book yet, you can see with zero money in, your return is ridiculously high and infinite in theory, but there are inspections and things. If people are willing to pay, it may only be worth $250,000. If they want to pay $300,000, why? It is because it still makes sense to them.
When it comes to that route, it is competitive here. On the flip side, the single-family home average medium sales price was $155,000. It has been a hot market crazy with everything going on. We are close to about $180,000 now. It is still affordable but an average room for rent here is roughly about $400 a room. If you take that, let’s say let’s round it up to $200,000 to make it easy, your mortgage payment should be somewhere around $1,000-ish or $1,100, give or take, depending on your rate for down payments and so forth.
If it is a four-bedroom and you run out three of them, that is $900. Now, your monthly living expenses are $100. All of that is super negotiable. It is a crazy stable market when it comes to cashflow, not an appreciation market. We have some things that help us protect a little bit for the cashflow. For example, the military is a huge piece of the employer but we also have a Goodyear factory. We got three universities and all these other things. We are about 40 minutes South of Raleigh, which is the Capital. We are about an hour and a half away from the beach in the Wilmington area, beautiful, about two hours from Charlotte, so forth and so on.
The military has this beautiful thing called BAH or Basic Allowance for Housing, where it is tax-free that every service member will get. It is roughly about $1,200 for a family. $1,200 that people can allocate tax-free towards housing. We are looking for our rental markets, yet the market rent is maybe $900 for example, but we can charge $1,050. Why? It is because there is somebody over that has this some beautiful $1,200 tax-free paycheck. They just want to live in our apartments. Little things like that help keep us stabilized here in a cashflow positive market.
The more you keep things pent up inside of you, the harder it's going to be later. Share on XIn most markets that the price is a little bit cheaper, you are not going to get that term appreciation. There is a reason why it is cheap but it is the cashflow. When you are first starting on this journey, the name of the game is cashflow after you hit financial independence. That is when you go and get the appreciation plays. That is where you become rich. Financial independence is the first milestone.
Speaking of financial independence, let’s chat a little bit about these 48 odd doors, and you have got another 30 coming towards you. Where are you at now in the passive income? Where are you going to be after you close these 30 and then where do you want to be? What is the point of all this? What are you doing it for?
Before I got out of the military, the whole reason I started this journey, I started roughly about three years before I separated from the military. The purpose of pursuing financial freedom was I can get rid of this fear that I had and be in that safety net of the paycheck. While I was on active duty, I got out this January 2020. By the time ATS, I was able to replace my entire military paycheck through passive income and real estate. It was three years while I was on active duty doing this on the side as an agent and as an investor, I was able to replace it. At that point in time, I continued to grind a little bit harder to give me some of that little bit of extra leeway.
The whole reason I do any of this is that I’m passionate about educating other veterans on how to create the same style, lifestyle, passive income, or whatever it may be. There are too many veterans that give much regardless of whether they are deployed or whatever the case is. The time that they sacrifice, the strain it puts on their relationships with their spouses and with their children, and all to come around and be told time and time again by the people in the military, “Do twenty years and you will get half of your paycheck for the rest of your life after.” No, twenty years is a long time. I was only in for ten and it taught me not only physically but mentally and everything else.
Instead of trying to preach that rhetoric, why don’t we educate them like, “Use your VA loan. That is a house hack that gives you something nice like a 2-unit, 3-unit, or whatever. Let’s do a VA live and flip. Let’s do these things and you can build this passive income, so you have something else to do.” Most of my time, I’m helping build the team with Five Pillars. I’m training a lot of the newer agents but I have my own podcast, Military Cashflow. We are trying to educate more veterans on how to do the same thing. That is where it is all that.
I agree with you. I’m on terminal leave right now and I’m separating. I don’t think a lot of people in the military don’t get the proper training. They don’t take advantage of the VA loan and the different opportunities that they are given. I love that and what you are doing was great.
It is the people that are giving us this financial education in the military, and again, no kickback. I love the military. It is great but the people that are giving us this information are an E-4. Maybe 19 or 20-year-old over there in their finance office. He was like, “Check out these brochures.” It was like, “You are in debt to your eyeballs. How are you going to tell me? You just bought a brand new 2020 Charger. What are you going to do? Tell me a grown man how to deal with my finances.” That is my way of giving back to the form of education and things of that nature.
I love what you said there too where you are like, “You can go to the military for twenty years and get that pension and you get half of your paycheck for the rest of your life or you can do something similar like Mike did and replace his entire income after three years.” Let’s say you are not as successful as Mike, and you do it in seven years. In ten years, it is going to be better than what the other option is. You got to think a little differently.
To summarize the story, in 2014, you got your first house hack. You didn’t know you were doing it but you knew real estate investing was something that you probably should do. In 2017, you started getting serious, buying deal, and partnering. You went from 1 to 48 units. 2 to 3 years out, you have 60 something units and replace your passive income. You underestimate what you can do in five years.
That is the truth because if you had talked to me in the beginning when I was first starting and I was trying to do that one wholesale that I bond, if you said, “You can get 50 doors in whatever time frame,” maybe. My goal was 100 doors in ten years when I first started because I thought that 100 doors meant that I was successful. After trials and tribulations, I realized that I could have 100 doors and be negatively cashflow. It doesn’t matter about the amount of doors because I could have three doors and be financially free if I did it right. That grew over time but along the way, everything changed. As you mentioned, the first little hurdle was the cashflow. I had to get cashflow. I would take a lower price property and low-quality property that produced a higher cashflow with mitigated risk. That was my goal.
Now, I’m looking at fix and flips. I’m trying to do my primary fix and flip and I can get out the large capital gain. I move it into syndications. I’m working on a syndication deal. It is hotel syndication, and hopefully, we will close. That’s another partnership. It’s about expanding your growth. It’s like that old saying with the oxygen mask comes down, you got to put it on you first. You got to be greedy to get that cashflow after that. Wherever you want to do, just enjoy life, go to Colorado and sit in a park.
You have to join me sometime. I love that idea of establishing baseline financial independence and going out there taking the tremendous risk to explode your wealth. You will hit that fire mark that someday in three years you could say, “I’m burnt out. I don’t want to do this anymore. I want to go sit on a beach in Costa Rica.” You can do that. We are pretty much at the end of this part of the show. You can probably head into the final four.
Mike, are you a big reader?
Yeah.
What is the book that you are reading right now?
It is called Psycho-Cybernetics. It is by Maxwell Maltz if you want to look it up. This is essentially going back to old stuff about how you can program yourself psychologically, how some of the habits that you do, and how they impact you in the long run. This book is about reprogramming your mindset. It is an interesting read for sure. That is what I’m reading right now.
I’m going to check it out for sure. Thanks for sharing that.
Number two, what is the best piece of advice you have ever received?
Take action. That was the best piece of all. That was overused. I will tell you another good one. It comes from a Major in the military. I was interviewing for a position and he asked me about my leadership skills. He was like, “What would you do if one of your soldiers wanted to do X, Y, and Z? Have you ever heard of the golden rule, treat others how you want to be treated?” I was like, “Of course.” He was like, “Have you ever heard a platinum rule, treat others how they want to be treated.”
He said that was a piece of advice that was passed down to him, which was the greatest thing that he could have done for his career. Time and time again, I have seen that not only in the military but in real life where people do something because they expect that that is how they want to be treated. When they stepped back, paused, and treated the other individual how they wanted to be treated, the whole situation could have been much smoother. Especially in the investment journey, I would say that is the platinum rule.
I have never heard of that before. Nick, have you heard of that?
I have never heard of that before, but I love it.
Follow the platinum rule instead of the golden rule. Treat others how they want to be treated. Share on XI like it even better. Maybe this is a weird analogy but have you read The 5 Love Languages or anything like that?
Yeah.
Yours might be gift-giving and service but your spouse might be touching quality time. If you want them to feel like you appreciate that, you got to do what they want, not what you like. That is where my mind went. That is super cool and relatable.
Mike, what is your why?
My original why was to prove to my siblings that anything is possible. Do not get down on because you are trying to live up to this expectation of society. That was my original why and I’m still bringing them along the way. Now, my why is purely for the veteran community because I have walked in those shoes and I have seen the distress, the turmoil, and all that good stuff. I want to show them that there is another option. You do not have to quit the military to go be a cop or be a postal worker. There are more options and the skillsets that we are all taught in the military translate greatly to the entrepreneur field. That is my new why.
Anybody can do pretty much whatever they put their mind to. I 100% agree with you.
Number four, in 40 years, when we have a recall conversation here, what do you think will be reminiscing on or what would you think our generation will be nostalgic about in many years?
Honestly, looking back on our generation, specifically the investor side, the nostalgia is going to be the grind and the feeling that we are breaking away from the bolt. The whole idea of financial independence is from breaking away from the ordinary or the traditional. It is going to be nostalgic that will be considered in our minds anyway as the rebel child. The rebel generation that not have to work for 40 years. We made our destiny.
Many years from now, when we are sitting on our yacht in Costa Rica or in Colorado Park because we have that much money, we can afford a yacht. We will sit back and be like, “What others were told that they couldn’t have a yacht on another part, we decided to make it happen.” That is going to be our nostalgia for sure.
Where can more people find out about you? Where can they hit you up if that is okay?
I’m on all social media platforms. On Instagram, I’m big on there and I do most of my posting there, @Michael.S.Glaspie. You can find me on LinkedIn and Facebook. If you want to see more of the real estate transactional side, FivePillarsRealty.com. If you want to hear more about the veteran education side, MilitaryCashflow.com. It is also a podcast and a YouTube channel as well.
Your ability to scale comes from learning different systems, implementing those systems, and partnerships. You have to find like-minded people that you can go for and buy those properties. Share on XIt was great to have you on the show. It is always good catching up with you. I’m going to have to get down to Fayetteville there soon to do another tour. I say tour like a real estate tour. Tour might be something different for you guys. I’m excited. I love the energy and we will talk to you soon.
I appreciate you guys for having me and see you guys soon.
Have a good one. It is good talking to you.
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That was Mike Glaspie, everybody. What do you think, Nick?
He was cool. It was great story and inspirational. I love the dude. He is cool to talk to.
I love his energy, motivation, and ability. Let’s go do it and figure it out later because you got to have confidence in yourself to be successful. He has got that confidence in himself that if something goes wrong with him, he is going to figure it out. It’s the same thing with you. If something is wrong here to figure out and things are going to go wrong in this business, you just got to figure it out. That is why I relate a lot to Mike as well. I feel like I’m winging it figured out later. That is why I like him and that is how we work well together because we are on the same page. I love the story and a lot of good actions taken from this one.
One of the biggest takeaways for me was he mentioned that you could pretty much do whatever you want. As long as you put your mind to something, you can do it. There is no reason. Some people love the military. I enjoyed my time in the military and I don’t regret it at all but at the same time, twenty years is a long time. That is why I decided to get out by making smart financial decisions, doing some easy investing upfront, and you can cut that twenty years in half. I’m nine and a half years. He got out at ten years. If you put your mind to something, you can do it. I just love that he mentioned that. It is a great point. People should be taking advantage of the VA loan and the different options that they get in the military.
If you are in the military, thank you for your service and all that. All of us civilians here certainly appreciate you and take advantage of the things that the government gives you. You worked hard for it. You deserve it. Go get it. I’m going to get back out here to enjoy some of this nice weather and beautiful scenery. I will catch you next time.
Important Links
- The Five Pillars Realty Team
- FinCon
- House Hacking
- Military Cashflow
- Psycho-Cybernetics
- The 5 Love Languages
- @Michael.S.Glaspie – Instagram
- Facebook – Mike Glaspie
- YouTube– Military Cashflow
