The Hero's Journey of Mike Ealy: Triumph Over Real Estate Trials

Go Big! Live Podcast

In this episode of the Go Big Live Real Estate Investors Podcast, host Matt Druin welcomes Mike Ely, CEO of Nassau Invests, a key development firm in Cincinnati. Mike shares his remarkable journey from starting off with small ventures in college to becoming homeless following a failed investment in a car wash. Despite these setbacks, Mike's relentless study and belief in the principles of treating others well and taking action propelled him from homelessness to owning over 1500 units and four hotels, with a project portfolio worth millions.
Mike's story is a testament to the power of resilience, belief, and strategic investing in real estate, even through tough economic times like the great recession. His narrative not only covers his successful comeback but also touches upon his investment philosophy, the importance of relationships in business, and his hands-on learning through the real estate market's ups and downs. By sharing the nuances of deal-making, leveraging private money, and the impact of real estate investments on personal growth and financial success, Mike's story aims to inspire others to believe in themselves and pursue their real estate ambitions with dedication.
00:00 Introduction to the Show and Guest
01:38 Mike Ely's Journey from Humble Beginnings to Real Estate Success
06:28 The Turning Point: Losing It All and Climbing Back
12:05 Philosophy and Mindset for Overcoming Challenges
17:56 Strategies and Insights on Real Estate Investing
29:57 Current Focus and Future Plans
30:42 Connecting with Mike and Closing Remarks