BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia

by | BiggerPockets.com

Financially independent before 30 years old! Today’s guest Felipe Mejia sits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence!

Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it!

You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it!

This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate.

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In This Episode We Cover:

  • How he took his disappointment from missing out on a police career and turned it into RE investing success
  • His “no-why principle”
  • How he got his wife to buy into his vision
  • How he took advantage of a booming construction industry to rent rooms out to builders
  • His advice for pushing through being told no
  • How he would listen to the BiggerPockets podcast in headphones while working in a construction job
  • Real estate replacing his full time job before age 30
  • Delegating the work of his various businesses
  • How he lives for free in Nashville
  • How he leverages out communicating with his Airbnb guests and loves it
  • How he got paid $30,000 on a property he paid $3,000 for
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Success is the other side of fear.” (Tweet This!)
  • “People stop at no and don’t ask why.” (Tweet This!)
  • “Do whatever works for you.” (Tweet This!)
  • “My rentals feed my life, my flips feed my rentals.” (Tweet This!)

Connect with Felipe

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 180,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

2 Comments

  1. Kelli H.

    Felipe, it is clear you are crushing it in the real estate arena and it is awesome you made lemons out of lemonade, but your story of what happened at the police academy continues to trouble me days after listening to your story. What happened is illegal. It wasn’t that you couldn’t cut it, that they saw something in you was missing, or that you should have ignored that first pink slip. They shouldn’t have given it to you to begin with. They were racist and that was discrimination plain and simple. You also could have had grounds for a hostile work environment claim. There are laws in place to protect from this very thing and resources available to fight back against this very type of behaviour. I also understand it is an uphill battle to confront entrenched racism and toll of fighting it isn’t always worth it, but it should be made clear that in this scenario, you did nothing wrong. They were in the wrong, plain and simple. This is absolutely not your failure.

    Also, Brandon and David, I was disappointed in your reaction to Felipe’s story. Yes, he moved on and made a life for himself and hasn’t wallowed. That is great and deserves kudos for sure, but he had every right to be furious because what happened was wrong and you totally glossed over that something ILLEGAL had occurred. They said he wasn’t good enough because of his RACE. To continue to hammer home how great it was that he just accepted what happened and moved on validates this type of behaviour by the police department. Felipe did not do anything wrong. Comparing what happened to him to someone not asking why they they didn’t get a loan or why someone didn’t want to sell a business is apples to oranges to someone firing you because you are Latino. It would be great if you, with your platform and your privilege could call out this type of injustice. Still give Felipe the kudos he deserves, of course, but acknowledge that he did nothing wrong in that scenario.
    And, one more aside, please stop the sexist comments about women/wives not being supportive or how they have to be convinced. I have heard those comments sprinkled throughout your podcasts (not always by you, frequently by your guests). As an avid listener who is a woman and wife and the driving force for our family’s real estate adventure, it is so irritating to hear women lumped together as unsupportive of these type of endeavors.

  2. Jabien Letlow

    Awesome podcast @Felipe Mejia. I loved your story and would love to continue to hear more from people with 1-10 deals instead of people with 100+ deal empires.

    Also, I totally agree with you, Kelli. I’m not sure if @David Greene?? misheard or what happened but his responses to the racism Felipe experienced at the police department was jarring. Getting good grades, not getting in enough fights, or being into sports are NOT the same as saying we have too many Latinos. I have never commented on a podcast before but this one really bothered me. While I agree that you have to move on from things and not wallow in them to be successful, they really just gloss over what happened to Felipe almost as if they were in agreement. It was very weird.

    The only thing that Felipe did wrong was to not report this crime so that it doesn’t continue to happen. I’m very impressed with Felipe but I would be more impressed if he acted on this injustice than I am with his real estate success.

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