Creating 100 Millionaires w/ Felipe Mejia

[00:00:00] Felipe Mejia: Like big audacious, hairy goal or whatever the word for it is I want to create 100 million. that's my goal. that's legit and I'm on the path to do that. I've done that a couple times already. I've helped a lot of people. My goal is a hundred millionaires.

[00:00:12] Intro: You're listening to the real fi podcast where we discuss time, tested tricks, techniques, and strategies for pursuing financial independence today so that we can enjoy a better tomorrow.

[00:00:27] Financial independence. Isn't about getting rich quick. It's about cultivating a foundation to grow financially, mentally, physically, and spiritually. Let's figure out how to kick the nine to five. Here are your hosts, Patrick and James. 

[00:00:42] Patrick Mcgrath: How's it going everybody. And welcome back to the real fi podcast. I'm your host Patrick McGrath with my co-host James.

[00:00:49] Rippy on. How's it going today, James? Going well, 

[00:00:52] James Rippeon: man, glad to be here. I think we're gonna have a great guest here. He's gonna bring some power to us. we're gonna uncover a lot of tips, nuggets reaching [00:01:00] fi so I'm excited to get into it. 

[00:01:03] Patrick Mcgrath: All right. guest here today's guest is it is none other than Felipe.

[00:01:10] Felipe Mejia: How's it going? I need to have intro music, Patrick. I need to have I'm talking about like pit bull or something. That'd be great. Oh man, that would be, I'll do that. 

[00:01:16] Patrick Mcgrath: I think just the name is intro music enough for you brother. you're all over 

[00:01:20] Felipe Mejia: Instagram, YouTube, 

[00:01:22] Patrick Mcgrath: everywhere.

[00:01:23] Just, every time I look at my Instagram feed, you got a video or something on there. Yeah. So if the people don't know who you are, they're going to. Now, so yeah, James, let's kick this bitch off. 

[00:01:36] James Rippeon: Let's do it. So Felipe man someone who's listening to this might have been living under a rock for the past couple years.

[00:01:42] They might not have a good background of who you are with the things that you've been involved with. So yeah. tell us where your story got started. and a little bit about yourself and bring us quickly up to the present and what you're doing today. So just give us some of that background 

[00:01:54] Felipe Mejia: information.

[00:01:56] Yeah, for sure. so I'm what I like to call an acquired [00:02:00] taste. So like either, either people end up like falling in love with me, my energy and like just love being around me or they're like, gosh, like he's a Starbucks or a red bull man. Like I can't be around that much energy and that's cool.

[00:02:10] I'm not for everyone. I've learned to accept that took me like. Now that I'm 30 to learn not I can't make everyone happy. It just is what it is. So just for your listeners, FYI, this is gonna be a great fun podcast with a lot of energy. so yeah, my parents got divorced when I was 11. Let's start with that.

[00:02:24] And that really is where, I feel like my life started, parents got divorced. We weren't like. 

[00:02:29] by any means when my dad was around, but definitely like in the Latino community and not saying it's right or wrong, but like dad's worked, mom stayed home, kept home. that's just kinda how that rolled. so when my dad left, boom, there goes the money. So from one day to the next, we were like shopping at the mall for clothes. And like next week we were like, yeah, we're gonna have to have Goodwill shorts because you can't afford that anymore. and then through that, through the divorce, my mom ended up keeping the house.

[00:02:50] So here in the United States, not like in Mexico, like the belonging stay with the family. So boom, my mom kept the house and we had a basement. So my mom with her, what I call basically her [00:03:00] last dime converted her basement into three bedroom, one bath. so she could rent it out. So she rented it out just enough for the mortgage and the bills.

[00:03:07] So at bare minimum, we would always have light water. Probably some internet and the house right. Place to sleep. So that's where my life started. or as far back, as I can remember, like that's like the biggest motion. but key thing is in that I realized the power of real estate not to create wealth, but just to stay afloat. fast forward, went to high school college, graduated college and, my dream job was to be a police. Got in for three days into the academy. the academy has quotas to meet. So let's say five Hispanic people apply. You gotta at least get one in, You can't be called labeled a racist, whatever. So I had the unlucky or lucky. However you wanna look at it now that I'm older, that I had, a Latina woman, Puerto Rican, who was bilingual I had no shot. They were like, sorry, Philipp. We got enough. And I'm like, no, you're kidding me. Like legit. That's what he said. And I was like, can you say it again?

[00:03:58] I wanna record it. I was like, [00:04:00] dang, like for real, like I, I took it like the way that I got past, like that hurt. Cause that really hurt me. I'm not gonna lie. I went to college to be a cop, like my whole life. That's what I wanted to do. that really hurt me. And I was like, dang, like that sucks. but the way that like I've coped with it you could say is I'm like, okay, Hopefully the staff at their level knows best and maybe they just didn't see something in me to be a good police officer.

[00:04:20] And I'll just have to accept that. fast forward, I just hopped around from job to job. sorry. When I graduated high school, my mom gave me half of a mobile home. Sorry. That's important. She gave me half her half ownership of a mobile home, not legit half, half of her ownership in a mobile home.

[00:04:33] That's all she had to gimme after I graduated. so I just. From job after college, trying to find where I was supposed to be like Uber cleaning, construction sites, like just random, odd jobs here and there, but I still never had a mortgage. And to that day I had never paid one and I hadn't been living at home since I was 18.

[00:04:47] Cause I always had a tenant in the mobile home. so I flipped the mobile home, sold it for $10,000. And that was my down payment for my first single family home. And the rest has just been history. Man just never stopped doing [00:05:00] that. I got used to never paying a. So I never did to this day. I don't believe I've ever paid a mortgage. I think my tenants have always paid my mortgage, whether it's Airbnb or my assets now, it's just my assets that pay all my liabilities. but yeah, dude, that's a 30,000 foot view into my real estate where I'm at now. I, co-owned 34 units in South Carolina, a 16 unit in August. Six single families in Augusta, like where the masters are at Augusta, Georgia. we got nine, eight or nine rentals in Nashville, Tennessee. Three cabins in the smokes and man just numbers, man. Honestly you forget, but yeah, that's where I'm at now with my portfolio. I started a company called rat race to financial independence, financial independence via real estate with my, my business partner, Diego Corso, huge shout out to the man Diego Corso. and basically we just saw a small gap in the education space of real estate where that wasn't being represented, which was minorities. If you looked at that one podcast, right? it. It was like the president's white color white. And it was like, dude, that's dude, that's not accurate, man. I've, [00:06:00] you know what I'm saying? not to get political, but I was like, no, dude, like that's not cool. So Diego and I started rat race where everyone and anyone, and we have a podcast too, where we like interview anyone and everyone, like we don't care. cuz there's everyone has some really cool stories out there. so that's what we did. We were like, yo, let's start rat race to financial independence and let's, bring in those people that don't. See themselves as investors. that's not what an investor looks like. Nah, dude, anyone can buy real estate. This is a country of freedom. like you can make it here too.

[00:06:24] So we did that. We started rat race to fi we have about 500 members strong. Now we have, like 75 within the actual mastermind and then we have micro tribes. so think of if you're interested in short-term rentals, like you would join the short term rental micro tribe, or the whole selling micro tribe or so forth and so on. so we have that, we're pretty strong there. We have some great leaders in the micro tribes. And then, I got re I call center, which is a call center basically for wholesellers and realtors. So let's say that you're a realtor and your marketing budget is, I don't know, 2000 bucks a month or something.

[00:06:54] And you go spend half of that at a barbershop and have your picture plad on the TV. It's dude, you could get a cold [00:07:00] caller for a thousand bucks a month and we can cold call six, 7,000 people for you in your city. so we do that as marketing, Man, I think that's it, but I got a lot going on, so I'm sure I forgot something. 

[00:07:08] James Rippeon: one thing I'm picking up on is you got a lot of balls up in the air man. Like you're tackling a lot of things and walk us back through how these opportunities finally came up. Are these things that kind of developed after you achieved? Financial independence or were these things that created the financial independence for you?

[00:07:24] I'm trying to put into, a timeline of, when these opportunities and this creativity for building businesses, really presented itself to you. 

[00:07:32] Felipe Mejia: Boom, great question, James. So I reached financial independence through the first nine rental properties that I bought in Nashville, Tennessee.

[00:07:38] So those are my financial independence. What happened in March, 2020? When the pandemic hit, my wife looked at the Excel sheet. She's a lot smarter than I am and she was. Yo, I'm like, what's up, she's like the rentals cover the mortgage and the bills and the credit card. And I'm like, are you sure?

[00:07:55] She's you legit don't have to go to work today. And I'm like, no way. She's yep. I was like [00:08:00] done. So I quit . and that was my financial events, but I quickly realized James that like financial independent is sexy and all, but you're not rich. If that makes sense. Like you've only reached one level and there's still so much more out there. if God has given you the gift to reach fi you're doing yourself a disservice by not keep going. 

[00:08:20] James Rippeon: I was wondering if there's a difference between independence and like freedom, the freedom aspect, being the greater world. Like the more you can expose and take over and independence is almost like that first step. I don't have to work. I don't have to live by someone else's terms. I'm no longer at that. W nine. So that's awesome. 

[00:08:36] Felipe Mejia: Appreciate it. Go ahead, Patrick, what were you gonna say? I was gonna 

[00:08:40] Patrick Mcgrath: say yeah, I think that's a huge point, There is that, financial independence and financial freedom are two completely different things. yeah. once you can pay all the bills and everything else is taken care of, like you're at level one now, like you've accomplished like level one. If you stop there, like some people are gonna stop there and be okay with [00:09:00] that. But I think a lot of us, want to get to. Next higher levels.

[00:09:05] And a lot of that has to do with, I think the drive behind each of us, you don't seem like the type of guy that was just gonna, lay up on the couch and watch Netflix and YouTube videos all day. and just sit back and enjoy maybe you did for a couple weeks or the first month or something, but then you're like, man, I got all this time.

[00:09:21] I'm young. Like I gotta go out here and make some shit happen. for everybody out there, There's multiple levels to this whole financial independence, financial freedom thing. And, as you get to that next level, your goals start getting bigger because you realize that you can do more.

[00:09:37] And, it sounds like, you're doing a ton. So you started off, Nashville, which I love Nashville, such a great city. I actually was working there from 2017 all the way up till I quit my job last year. And my biggest regret is not buying real estate there. I was buying real estate here in Maryland, but not there. wow. The appreciation, the market so insane. What a [00:10:00] great market to be in. Do you have, are any of those Airbnbs that you have 

[00:10:03] Felipe Mejia: in N. No. So my single family's in Nashville, I just house hack them. They do pretty well as is they do about a thousand in cash flow. just cause I bought at the right time, I bought like sub two 20, maybe, it's pretty solid. My Airbnbs are in Berg, so like I spread it out. So like my financial independence, I didn't wanna mix with my high risk high. So my low risk, low reward fight is those houses. Then I have, high risk, high rewards, short term rental Airbnbs about 1.2, maybe 2 million up there. and then I have the syndications where are like my retirement. when I'm when those are, done and out, I'll probably retire off of that. so yeah, I have my hands in a little bit of different stuff, but strategically of course but yes, to answer your question, Patrick, or to piggyback off your comment, those houses on Airbnb would probably do more and better.

[00:10:45] But once you. once you identify your goal, Patrick, like you don't wanna mix that up, right? It's you don't wanna be okay. I'm gonna take these off to try to make more money, cuz it's not about the money when you get to the level of like financial independence and start building wealth and all that.

[00:10:59] It's more about your [00:11:00] why. And honestly dude, just like I have it like here tattooed on my hand, like my, why is my kid. If I'm making $9,000 a month on those properties or a little less, but I get to be at my son's soccer game every day. dude, I don't need 12,000 or 13,000, right? what's 2000 more dollars or 3000 or even double it.

[00:11:16] Like just doesn't make sense. So when I look at a deal, a lot of people will look at a deal for example and they'll run the numbers and run the Excel sheet and flip in all these outcomes, yada Y but in rat race to five, my mastermind, where I was like, okay, cool. But now divide that by your.

[00:11:30] Whatever number you got divide that by your why. And does it still make sense? Is it giving you time or is it taking time away? So if it doesn't fit into my criteria, which an Airbnb in Nashville wouldn't, and I'll tell you why in a minute, then I'm not gonna purchase it. And I'll give you an example of why.

[00:11:43] So a lot of people, when they jump into Airbnb, cause it's like flashy right now. Like they buy places where people travel or where people visit Nashville is a visited state. Florida is a vacation state. Gatlinburg is vacation. Not [00:12:00] you don't say, Hey, I'm gonna go visit Gatlinburg. no people go vacation in the mountains. Or people go vacation at the beach, people visit Nashville. You know what I'm saying? yeah. There's like good money right now. But. Is that, is that gonna last for a long time? Maybe. Am I willing to risk my financial independence on it? No. 

[00:12:16] James Rippeon: let's talk about when you first got started in, into real estate.

[00:12:18] Like it sounds like right now you've got a very nice diversified portfolio of income streams from, various types of real estate to your personal businesses. When you first started pursuing, your financial independence into real estate, did it feel like you were going all in on one thing and did it feel like a risky thing to.

[00:12:36] Felipe Mejia: Yeah. Great question. So I actually started. with a six unit apartment complex, because, okay. When I started in real estate, it took me two years to get my first loan because I wasn't bankable. Cause I had remember I didn't have my job. so I was just like a w or I, self-employed, I didn't know about hard money and private money.

[00:12:51] And if, even if I did, I probably would've been too scared to use it. so like I saved up money for two years, basically. and the first thing I did when I got bankable was I put 20% down on a six [00:13:00] unit apartment complex, started cash flying 1400 bucks, and absolutely hated my life because I was working in the business every single day.

[00:13:07] So yeah. At James to answer your question, like I went L in, I think I had 6,000 bucks left in my bank account. After that it was crazy. so I, I went all in absolutely hated it, flipped it, sold it for a profit. And then I read a book called, life and error, like millionaire, but life and. and in that book, the guy basically talks about dividing it by your why? what's your why? So I quickly found out that like my, why was my family? So I sold it purchased one house here in Nashville, cash, $180,000. Huh? Good luck getting that now 180,000 and I put a line of credit on it. And that one line of credit has built me millions of dollars. because I didn't refinance it, which is what everyone teaches.

[00:13:43] And I'm like Robert Kiyosaki. And the fact that I. some of the stuff that I hear is that's a joke, right? Like you're so let me get this straight. You're telling me that if I have a hundred dollars bill, I need to go to the bank, give it to them except $75 back. And I gotta pay them back this $75.[00:14:00] 

[00:14:00] That doesn't seem smart to me. So I walked into the bank, can I get a line of credit on my equity? They're like, yeah. Don't you wanna refinance? I'm like, no, that sounds really stupid. Can I get a line of credit on my property? They're like, yeah. So they gave me $150,000 line of credit purchased two or three more properties, used all the cash flow to pay off that line of credit.

[00:14:17] Then I just did that again and again, and I've been able to buy everything I own using that or my whole selling business. then I just pay off the line of credit with cash flow and cash line of credit is kinda like bumper. in, in bowling because you're only gonna be able to use so much and then you have to pay it back. So the biggest thing I tell people is look, your line of credit is you're paying yourself back, cuz it's your line of credit when you refinance, you're paying back who Patrick, the bank. Exactly. So this is why I use the line. I that same $150,000 line of credit has now multiplied into about $350,000 available. and I don't have to use the banks as much anymore. Like I use them for some, but not a lot. So 

[00:14:55] Patrick Mcgrath: this is so interesting because I've been a big proponent of the ber method. , I know [00:15:00] that's what you're talking about. Yeah. Yeah. And, 

[00:15:02] Felipe Mejia: but you, how I 

[00:15:03] Patrick Mcgrath: got started, but how I got started is from a HeLOCK on my primary.

[00:15:08] And then when I bought my first investment property, I took a HeLOCK on. and used that to buy two more properties. But since then I took advantage of the low, interest rates and did do the cash out refinances. Yeah. But this is extremely interesting. And with that, 

[00:15:25] Felipe Mejia: I have to, are you 

[00:15:26] Patrick Mcgrath: worried about the 10, 10, so typically with the HeLOCK or the line of credit? you get to use it for 10 years and then you have 10 years to pay it back. So when you get to that 10 year point, and you're not allowed to use it anymore, is the goal to have it paid off at that point? Or are you gonna refinance something else, 

[00:15:45] Felipe Mejia: to pay that back? Yeah. Great question.

[00:15:47] So this strategy works amazing. If you're gonna be in real estate for any amount of time, I have 10 years to figure it out. Didn't give a shit about it. My first. Don't give a shit about it. [00:16:00] Now I can buy a cash. Now I can pay it off cash. Now I don't care. Like you have 10 year. If in 10 years you don't figure this game out, bro.

[00:16:06] You need to reevaluate whether you need to be in real estate. And let me tell you why people refinance and tell me if I'm lying. You can tell me if I'm lying. They want to walk out of the bank and be like, yo Instagram. Right or wrong with a line of credit. You can't do that. And what's funny, Patrick is you went back to the bank and put the check right back into the bank.

[00:16:26] And guess what Felipe did in the back door. I'll take that Patrick. Thank you. Appreciate it. Went, bought more property. And then I paid myself back and Patrick's paying interest on my money. I ain't got a Pinterest on it because let's say you got a hundred thousand dollars out, right? Patrick, I'm gonna get it the same a hundred thousand in 30 days, you better pay that mortgage payment on that buddy.

[00:16:42] If not, you're not gonna have money for that beautiful haircut. You gotta do me. On the other hand, I'm gonna use 25,000 of my line of credit on one property. And I'm only paying interest on that $25,000. See what I'm saying? So I get to use it more strateg. 

[00:16:56] Patrick Mcgrath: No, I do. And I, by the way, I love your answer for [00:17:00] everyone out there who didn't just get that nugget bomb of, I'm gonna figure that shit out in 10 years. yeah. I love that. Cuz that's how I am too. I'm like, look, I'll figure that out. down the road, like by that time I'm not gonna stop. Like I'll be able to take care of it just like you. So I love that. And you, my, you got my brain. Thinking so much 

[00:17:21] Felipe Mejia: because yeah, I'm sorry. I tend to do that a lot.

[00:17:23] Like I said, people love me or hate me. They end up liking, loving me. 

[00:17:26] Patrick Mcgrath: for everyone out there, real estate is creative. You get to be as creative as possible. whether it's owner financing, seller carry back, he locks, cash out, refinances, commercial loans, all of this stuff, and the biggest thing.

[00:17:38] What you've done for all of this is you just go and figure it out, and, and that's huge, but the HeLOCK model I do that a lot. And, I think that's huge to have a revolving. Line of credit. And like you said, you only pay what you use and then you pay it back. but how so my biggest thing is how are you paying it back though?

[00:17:59] Is it through the cash [00:18:00] flows or through the wholesaling? Great question. 

[00:18:01] Felipe Mejia: That's that? Yeah. Yeah. That's the thing. Perfect question. Because it's funny, cuz everyone that I talked about, this literally asks the same questions. I knew you were gonna ask that like I could have typed in and been like told you like a magician.

[00:18:11] Cause literally I get the same question and I know what you're gonna ask me next after. but so the answer to your question, how do I pay it back? Is yes. I just used the cash flow from the properties to pay it back. Remember when I told you my wife said, Hey, we're financially in. Yep. And that happened because of the line of credit strategy. So I used line of credit. The cash flow is paying it off and then I was working also paying it off. So we like quickly paid it off and she's you're done. So then we use line of credit to buy another property. So by the time you have nine, 10 properties like that, cash flow is huge. You're gonna pay that line of credit down very quickly.

[00:18:37] Additionally, this is gonna be another nugget. So for you guys that are listening, listen to this and get the pencil. Cause this is gonna be really good. Pause it, go get a pencil and then come back. I'm just kidding. You didn't pause it. I just stopped talking. They're like, what the heck? Got it. Anyway. So this is another nugget people need to realize this real estate is two things.

[00:18:53] You have real estate and the business of real estate. And if you wanna be financially independent, you only need one. If you wanna be [00:19:00] financially independent and wealthy, you need both. So the business of real estate is going to include flipping wholeselling realtor, Airbnb active income within real estate.

[00:19:09] That is the business of real estate. Then you're gonna have real estate, the investing side cash flow. if you're at LP, a GP, limited partner or, anyways, cash flow rental properties, or if you have an Airbnb, but you have somebody managing it for you, then it becomes just regular, real estate. If you have both, you're gonna be wealthy and you're gonna have financial independence. So I use my business of real estate to buy my real estate. Make sense. Patrick, to answer your question, we're gonna do probably half a million dollars this year, whole selling. I won't need a, maybe half of that to pay off my lines of credits, but I'm not gonna wait for a bank to finance a deal.

[00:19:43] If I find it great opportunity, which is how I've been able to scale so quickly, because I can quickly just run down to the bank, grab my line of credit and I don't have to ask anymore. I've already done that. Okay. So I got told no a lot when I first started and I blamed it on everything but myself. Oh, it's because I'm Hispanic.

[00:19:58] Oh, it's because of this. Oh, it's [00:20:00] because of that, I could blame it on everything. And then finally, one day I just was like, dude, no, this is my phone. Figure this out, which is why I got the line of credit. So now I don't have to ask anymore going to the bank. I'm like, I need a hundred thousand dollars for my line of credit lady looks at me like, I'm crazy.

[00:20:09] But she's okay, can't say no, bam, hands you a hundred thousand dollars. Go put it 20% down payment on our property. If I want, I can go refinance it later to pay offline of credit if I absolutely have to, but I don't. Usually my wholesale will take care of it. The business of real estate handles my real estate.

[00:20:24] James Rippeon: Yeah, I think that's super valuable. I think a lot of people look at real estate and getting into it because they think it's gonna be the end, all be all for their financial journey. But what I think a lot of people don't realize is that you need income and money coming in to buy the next deal and to really supercharge your path to getting that.

[00:20:42] Portfolio up and going. Yeah. So it doesn't necessarily have to be like a real estate business, but you need to build a business. that's how people get wealthy. You need something that's gonna fuel all the purchases and acquisitions in the future. And, I relate to that a hundred percent.

[00:20:55] Like I left my job so I can start a business in real estate, managing properties, [00:21:00] doing sales agent, building up my own portfolio. And that's the whole strategy. You find something you can control, build, generate. create a massive ROI on, and then you put that money into real estate and just keep compounding it and recirculating it 

[00:21:13] Felipe Mejia: that a hundred percent true.

[00:21:14] Yeah, absolutely. 

[00:21:16] Patrick Mcgrath: That's so amazing. I absolutely love it. So I wanna get down. Into, some of the numbers, everybody loves numbers. So I just heard, half a million dollars from wholesaling. I think we've all seen the big old checks on Instagram coming from the bank, flex in. and you said 9,000 bucks from your rentals, so it sounds like you have some syndication to, break it down for us a little. In regards to the Airbnbs, the syndication and, the wholesaling. 

[00:21:43] Felipe Mejia: Yeah. Like you wanna know like the numbers on it or whatever, 

[00:21:46] Patrick Mcgrath: what, whatever you're comfortable with sharing, you know what I mean?

[00:21:49] It's you got a couple apartment buildings, everything else 

[00:21:51] Felipe Mejia: it's. So the 30, some of that, a downfall. Yeah, sorry. So the 34 unit department complex, I'm an LPN that gives me [00:22:00] $3,400 a month quarterly. Plus my equity in the business and all that stuff sells. Like I'm gonna make a hell of a lot of money for now.

[00:22:05] I make 3,400 bucks cash flow, every single three or four months, whatever it is. Literally, I just got my first one like this week. So super awesome. The 16 unit in Augusta, Georgia. we haven't touched any of the equity. We're repurposing the property. We're gonna refinance. Everyone's gonna get paid back so that Patrick is a perfect time to refin.

[00:22:23] There is specific times. See people don't realize that there and don't let me get off track. Let me remind me to come back. But the refinance came from that, like those real estate moments that refinance 60 unit apartment complex, 120 that's where the strategy came from. Refinancing a single family home like that.

[00:22:42] You're losing money. My guy you're selling your equity. It's like, when people say don't sell your grandma's house, sell your equity, you're doing the same thing. But you do that with an apartment called this because it's vetted differently. It's vetted by the rents, not vetted. Anyways, I'll get back on track.

[00:22:56] So the 16 unit, we don't take any cash flow or repurposing that because we are gonna do the [00:23:00] burn method on. the house is in Augusta, Georgia. Two of them, or one of them is paid off. So we get $700 cash flow on that one. here's another perfect strategy for the birth. This is another good one. So just so people aren't like, oh, he's just a hater.

[00:23:09] No, I do it. we have four houses in Augusta, Georgia. This is really cool. You guys are gonna like this. So we got three of them. a 20% down and the fourth one was basically free. And then we got a wraparound mortgage on it, cuz the fourth one, cuz they, cuz we put 20% down on the first three, the last one was free with a refinance and we got all of our money back except like $9,000.

[00:23:29] So at, I bought four houses with $9,000 in Augusta, Georgia, and it's still cash flows like 1400 bucks a month. So that's that package? The cabins are high risk, high reward. That's all over the place. Like January, we made like 400 bucks cash. Last month we made, I think six or 700 bucks. and this month we're on track to make close to a thousand bucks each partner.

[00:23:47] And there's three of us. So per cabin. So it's all over the board. you don't trust those for anything, but to pay off your car payment or something like, those are just for fun to flex to say you have 'em and the equity's really good, but it's all over the board. like during [00:24:00] peak season, like we're gonna make hella good money, which we already did last.

[00:24:03] And during his low season, you don't make a lot of money. So we judge those based on how did it do quarterly, or sometimes, every six months. Yeah. 

[00:24:10] Patrick Mcgrath: you got, it's so funny because we've all been scrolling through TikTok and seeing those videos where it's like, Hey honey, how much money did we make off of our two Airbnbs? And like they're living, they're like financially free and making 30 grand a month off of, two Airbnbs. Yeah. And it's look, here's the real deal, 

[00:24:27] Felipe Mejia: Now it's all over the place, man. You's it goes up and down so much. there's no way to judge it monthly. It's it?

[00:24:32] Wouldn't it wouldn't you wouldn't be a smart investor to to judge it monthly. Oh, and then wholes selling. Sorry. so wholeselling last year we did $78,000 and then this year we added cold call systems processes. you could basically say we hired a coach. And then in the first three months, this year we did 109,000.

[00:24:47] So we're Lord willing will be on track to make half a million dollars this year. which sounds like so far, we're hitting those. Those numbers are incredible. Thank. 

[00:24:57] Patrick Mcgrath: We sure are 

[00:24:58] James Rippeon: talk to us more about your wholesaling. [00:25:00] Like what is your goal with that? you're gonna get to half a million. and then is that kind of where you cap out and you got your systems in place and it's a great cash flow machine. Are you really gonna try to build that out to be something bigger? 

[00:25:10] Felipe Mejia: Yeah. like the rich people that I know say work your business backwards. So it's like, what does a person that makes half a million dollars look like? he looks like he has two or three cold collars. One acquisitions manager works six to eight. That's gonna blow your mind. I only work six to eight hours a week doing wholeselling believe it or not. and I was like, okay, so that's what that looks like, yeah. Okay. So I told Adam, I was like, Hey, how much do we have in the bank?

[00:25:28] And they're like, oh, we got $16,000 from last year. Great. This is what we're gonna. Put the systems in place of a host owner that makes half a million dollars here it is. And he's okay, sweet. So Adam is my integrator for those of you guys that don't know, visionary and an integrator. If you guys wanna ask me about that, we'll talk about that after this.

[00:25:42] Okay. So he's my integrator. I'm like, Adam, do this. Do. And that's how we're gonna be on target. So most people want the results that they haven't put the work in for. So I work my business backwards. I have to put in the work to get the results. Paid cold callers. I started the company re I call center.

[00:25:58] So I have the cold callers, the acquisitions managers,[00:26:00] and, that's how we're on track to, to do that. So I'll give you, I'll give you the 30000th of you. So I go to prop stream.com, send me an Instagram link, or send me a DM on Instagram. I'll give you the link, go to prop stream.com and I pull a list, just a list in Tennessee of whatever I. and I pull, let's say 6,000 phone numbers. I go over to skip better.com and I skip trace it for 11 cents. I get a whole list, skip trace, and I get people's phone numbers. I then upload it to re I call center where my cold callers are at. And they call it all month. Hey, would you like to sell hell?

[00:26:29] Would you like sell whatever, We got like a 12 question script. The people that say yes, then those people are uploaded to my Asana, my CRM. And then I go in there Monday, Wednesday, Friday nine to 11, and I call those call. Those leads with Adam on zoom, just like this. And he's integrating all the systems and I'm talking and we're just boom, locking up heels left.

[00:26:47] And right. But I don't have to go through the hay to get the needle. my cold colors do that for me. that you're the 

[00:26:53] James Rippeon: closer, valuable you're building the business. You're not building the job and, that's where, yeah. That's definitely a 

[00:26:57] Felipe Mejia: business 

[00:26:57] James Rippeon: for sure. Yeah. Yeah. You're delegating [00:27:00] everything and that's where your visionary aspects come into everything.

[00:27:02] So let's chat a little bit about that and, your personality type, how you identified that, you've got, big goals, loft ambitions, and you're able to put those ideas into the ether and make those people, gravitate towards you who are gonna help, make those dreams.

[00:27:15] Become a reality. So let's talk a little bit about that visionary integrator relationship that you have in businesses. 

[00:27:21] Felipe Mejia: Sure. So Diego, Corzo my business partner, challenged me to read a book called rocket fuel. Anyone listening? I challenged you to read it. I do a lot of business on with partnerships. so you know how you're always told, if you wanna go fast, go alone. If you wanna go far, go with partners or something like that, whatever. However, the saying goes, do you guys know the saying? Yeah, You gotta, So I think that's BS. I think you can go fast and far with the right business partner, because I have in every one of my business, I have the mids touch when it comes to that part.

[00:27:48] And for those people that are gonna be in your comments, oh, he's a dude he's egotistical. No, I just know the systems to win. And once you figure it out, like it, like you can apply that to life, to anything, whether it's your relationships, whether it's your life. [00:28:00] once you understand the concept of winning, which is just put in the work, get the reward.

[00:28:05] I think you can go fast and far with a business partner, if you have the right systems in place. So we read a book called rocket fuel and it was like, holy crap. Like the first half of this book is me. I am the visionary. Like I can cast vision on an idea. I can do this. I can tell you, blah, blah, blah, blah, blah.

[00:28:21] But the moment you tell me to integrate it and do it, it's I have no idea how, and this is why a lot of people get burnt out because they have the vision and then they try to also integrate it. And it never works out that way. So they're like, forget this and they never get nothing done. So if you're out there in the universe and you're feeling like you're overwhelmed, or you're just running on a.

[00:28:38] Hamster will it's probably because you are an integrator trying to do both, or you're a visionary trying to do both. You're just gonna freak yourself out. There's a reason there's two of you guys on this podcast. It's a reason without doing that alone. So I realized that I was like, oh, I'm a visionary, Diego's an integrator Adams.

[00:28:53] So I attract integrators. The integrators are gonna be attracted to visionaries and visionaries are gonna be attracted to integrators. And typically it [00:29:00] looks like an, a student in high school and a D student in high school. Those are probably integrators and visionaries that should connect. Bro. I got CS and DS in high school, same in college, but my bank account says different now. But it's because I have an integrator it's a per I couldn't do this alone. My wife's an integrator. Like she like, yeah. So all that to say, if you're out there and you're just feeling stressed or you're on, he really, you don't feel like you're going anywhere. It's probably because you're trying to do both.

[00:29:25] Now. I say that with the little caveat or the little asterisk on top. There is people that can do both. Those are the Elon Musks, the Zuckerbergs, the, those people of the world that can cast vision and integrate. 

[00:29:38] James Rippeon: when I guess this all comes back to identifying your why and working backwards from that, if you wanna be the Elon Musk, Jeff Bezos, you're gonna burn yourself out.

[00:29:46] Probably you're gonna sacrifice a lot of things along the way. but you can definitely, find a way to tackle all those things by yourself, it might be a fruitless endeavor for. Yep. 

[00:29:55] Patrick Mcgrath: Yeah. I think that's huge. I know for myself, I'm [00:30:00] definitely a visionary. and I do have trouble, doing everything cause I feel like I'm the one that, does it all because I see, you see the future, like you got the big picture, like my head's in the clouds and my wife keeps my feet on the ground, I think that's, I think that's just like you. so that. That's so huge. I'm definitely buying rocket fuel for 

[00:30:17] Felipe Mejia: sure. 

[00:30:19] Patrick Mcgrath: I gotta get that. Cause I'm at that point in my business as well, where it's I'm hitting that, getting to that next level. And I know the push forward is gonna be through partnerships and finding somebody else to help carry that load. yeah, I think that's huge for everybody out there rewind that, listen to it. Cuz that's another giant nugget that I think is gonna help a ton of people. Thank you. James, where are we at? 

[00:30:43] James Rippeon: What do you wanna do the, so let me ask you this. yeah, Philippe, you're on your path and you're building some incredible here.

[00:30:50] Have you walked through some of those obstacles that you're facing on your path to achieving, all the success that you're gonna, achieve eventually. So like you're envisioning yourself and where you're [00:31:00] going. what are your major obstacles in your business? Getting to where you're going.

[00:31:05] Felipe Mejia: Yeah. Great question. So one of the things that I rarely get asked for some reason on podcast, I always end up saying it is what is your passion? Everyone thinks my passion's real estate and it's not, my passion is teaching real estate to get people financial independence and get their time back.

[00:31:19] Dude. I don't know who said that money doesn't bring happiness. What they weren't right. Money is great. Like I get to skip the line. My family has the best of the best. Like my son is happy. dude, this is awesome. So I want to teach people how to get that. So my like big audacious, hairy goal or whatever the word for it is I want to create 100 million. that's my goal. that's legit and I'm on the path to do that. I've done that a couple times already. I've helped a lot of people. My goal is a hundred millionaires. but with that, to answer your question, like the biggest struggle that I have is don't even know how to say it. like if somebody, if I don't meet someone's expectation, when they meet me, it's like, when you meet a rockstar, you're like, oh my gosh, like flip and a, you have this vision or this thing [00:32:00] about them.

[00:32:00] And then you meet him and maybe they're just regular people. And you're like, oh, he's not a superhero. So I tend to run into that sometimes. just haters, I guess you could say, or the or like the, oh, Philippe's a scammy guy. And I'm like, I'm not gonna do it for free, right? Like you want me to sit down with you and teach you how to make half a million dollars?

[00:32:17] You don't make half a million dollars. There's no, you don't make half a million dollars. I want to teach you, but I'm not gonna do it free. What do you mean? It's $10,000 for a one-on-one coaching for a year, dude. That's. 

[00:32:30] Patrick Mcgrath: 800 bucks a month, man. That's 800 

[00:32:33] Felipe Mejia: bucks a month. That's what I'm saying. So I get James, I'm being transparent here. those are the hardest things where it's oh dude, he's a scam. Like yada, I'm like, okay, why'd you ask? like I could be doing something else. It's like you said, it's 800 bucks a month. if you can't afford that, then right now you need to focus on a higher income job. Than where you're 

[00:32:51] James Rippeon: at. I think at the end of the day, anyone in our roles, who's just trying to put out information to do good and do better. You can only help those who are willing to help themselves. [00:33:00] and a lot of these people for the majority of the time are probably gonna be, just left, struggling, cuz they're in denial, they're in doubt and it ultimately comes down to mindset.

[00:33:08] Yeah. and I'm sure. Recognize this, tens of thousands of times and everyone you come across, people, for sure are gonna listen to this episode. They're gonna walk away with a lot of good knowledge, but something they're not gonna walk away with is action. and the balls to go do the things that are risky and just of believe in themselves. so I, I think that's a distinguishing factor with some of these people who just end up becoming haters and wanting to, complain and moan all the time. 

[00:33:33] Felipe Mejia: But it gets to you like as a person in the spotlight, cuz like if your goal and passion is to create a hundred millionaires via real estate, showing people how to do it, the moment someone like li that's if people wanna hurt me, like that's where they can poke.

[00:33:45] And it's like the easiest spot, if that makes sense. 

[00:33:47] Patrick Mcgrath: No, it totally makes sense. And I also, it, do you find it funny that I know you put out a lot of great content. So do I, but people, they ask the same questions [00:34:00] over and over again. They're not really paying attention to the content you're putting out there.

[00:34:03] And I'm sure everything that you do. And a lot of the stuff that you provide in the coaching and mentoring you've given away for free. Oh yeah. But do you find sometimes that people don't really absorb it or actually take action until they have a, financial. Interest in it. You know what I mean?

[00:34:24] It's once they actually put the, once they actually pay or put the money down, then it's they're absorbing the information and actually doing something with it. Yeah, 

[00:34:33] Felipe Mejia: a hundred percent. I honestly believe that social media is 90% and then you're supposed to sell the last 10%. And I don't mean an upsell for the weirdo.

[00:34:41] That's gonna make a comment on that comment. It's more this is how you host all, this is how you do it. This is how this is how you do that. This is okay. Flip based. So how do I, skip, trace the list? Okay. Go to skip trace.com and it's 11 sets of skip. Oh, I gotta pay for it. yeah, dude, I'm not gonna pay your list for you.

[00:34:56] Oh, you're a scam. okay. I'm a scam. You know what I mean? So yeah. That's I [00:35:00] get a hundred percent what you're saying, dude, you could become a millionaire off of my social media. I literally give out EV I gave it out right now. Prop stream, skip trace, cold collar Asana. That's it. Once we jump off this recording guys, I will show you everything that I just said.

[00:35:17] There's no, literally you could become a millionaire off of social media nowadays, right? It used to be called like the entertainment of social media. It's slowly changing to the education of social media. 

[00:35:27] Patrick Mcgrath: Exactly. And then there's people out there that, put it all in courses and, slang it for 2, 3, 400, a thousand dollars.

[00:35:34] And it's the same information for everybody out there. Everything that you wanna learn is being presented to you for free. All you really have to do to figure out if it works or not is go take some fucking action. Just go do it. That's what everyone here. The three of us did, we went and. Tried it out. And that's why we're here talking to you, trying to help you guys out.

[00:35:57] So there's 

[00:35:57] Felipe Mejia: some tough love. It is 

[00:35:59] Patrick Mcgrath: tough [00:36:00] love, but go fucking do something. Yeah. Don't just sit here and watch as we build, a beautiful and great life and try to help as many people out and sit on the sidelines and not do anything. 

[00:36:10] Felipe Mejia: it's, I always tell people, don't use me as entertainment.

[00:36:14] That would be like the most disrespectful thing you can. Use me as actionable steps. That's what I would want you to do. 

[00:36:21] Patrick Mcgrath: Yeah. And you gotta put out entertaining content, to reach the masses 

[00:36:25] Felipe Mejia: to, I'm not saying it's accomplish your goal entertaining. I'm saying don't entertain yourself with it. It is entertaining, but use it as actionable steps versus just in don't scroll on my IG for an hour.

[00:36:36] Thought I would be a slap in the face for me. Go scroll, watch three things, go put it in place. Go scroll, watch three things and put it in place. Be intentional. 

[00:36:45] Patrick Mcgrath: Yeah. Exactly. Exactly. So any other, so that's the biggest obstacle right now? No, no other obstacles regarding, your business or anything else you're like, Hey, I don't see him.

[00:36:56] When it when an obstacle comes, I just blow through it. 

[00:36:59] Felipe Mejia: We just figure [00:37:00] it out. yeah. So I, no, man. And I'm blessed in that regard that I've learned at a younger age, that's, you're gonna fail to your systems and processes. So as something comes, we create a system and process beside it so that it never happens.

[00:37:14] Patrick Mcgrath: That's huge. That's huge. so what does your team look like right now? is it that's just the wholesaling, but in regards to, managing all of the Airbnbs and the rentals and everything else, what does Philippe's team look like? that's helping with all that. 

[00:37:27] Felipe Mejia: Oh dude, I got a whole football team behind me, man.

[00:37:29] If anyone thinks you're doing this by yourself, you're lying. I'm just the one in front of the camera, behind the camera. There's 12 other people, right? there is no way that I'm doing this by myself. And if anyone tells you, they are, they're lying, everyone's got a whole ass team behind them. So my property manager for my Airbnb's huge shout out to Diana, she is real St R on IG, Diana OGO good luck spelling it.

[00:37:49] She's awesome. She manages my Airbnb. Crushing it. my mom actually manages my properties in Nashville. I try to retire her. A lot of people are like, oh, I'm gonna retire my parents. I tried that my mom laughed at she's yeah, [00:38:00] no, I'm gonna die. If I just retire. She was like, pay me to manage your properties.

[00:38:03] I was like done. Great. So that's what she does. we have property managers in Georgia and South Carolina where our properties are. yeah, I got managers for everything, man. And then for example, re I call center, I'm the founder of the call center, but I have a CEO and we, he owns 60% of the company, me, Diego, and my other friend own 20%.

[00:38:21] So we can veto his vote, but he makes the day to day decisions. He is my CEO. I, he re he reports to all of us. We report to each other. You could say. but I'm not in the day to day of that. Diego and I are passionate about rat race defy. We meet Mondays and Wednesdays and that's my team with him, me and him love teaching and showing people how to, reach financial independence via real estate.

[00:38:42] Patrick Mcgrath: That's awesome. Yeah. And what's huge on that. Oh, sorry. Go ahead, James. No, you're good. I was gonna say, what's huge on that. If you hear, you had to build the foundation and put in the work to now be able to do your passion project, which is to create a hundred millionaires. [00:39:00] So for everybody out there, like sometimes you gotta Wade through the shit, to be able to finally do what you want to do.

[00:39:06] And. It takes a team. you're not the only horse pool in the cart, so kudos to you, man. Kudos to you. Hey bro. So let's 

[00:39:14] James Rippeon: talk a little bit more about your goal to create a hundred millionaires and, I'm sure that comes in large part to the, community that you're building. Like you're, through the masterminds and things like that.

[00:39:24] Tell us a little bit about how that works. on the back end, someone becomes involved, they wanna better themselves. They wanna fold into your goal of becoming, a millionaire themselves, tell us about that mastermind organization and the community that you're building up.

[00:39:37] Felipe Mejia: Rat race. Defy is an awesome community. I love like all of our members. we have a pretty high success rate as well as a show up rate. I think we have 80 students at the moment and we typically have right at about a little bit over 70 that show up every single Monday and every single Wednesday. so rat race defy is on. Basically what we do is on Mondays. We have like office hours, I don't remember. If your listeners went to college or not like your professor had office hours, or you could go ask [00:40:00] questions. That's what our Mondays is. You just come in informal. People are, having a wine, having some wine, having a beer. and they just, we just talk, dude, we just talk about real estate and bring a deal. Let's look at a deal. Let's devour a deal like the whole bid. and that's it like, that's what rat race is on Monday. And then we do breakout rooms. So every breaker room you're gonna be randomly put into a room with other members within the mic, within the mastermind to create community with other people.

[00:40:21] Oh, Hey, we were in the, my goal is this, where are you at? So like just building or realtors, wholesalers, like within the community, they can communicate and just build relationships. And then on Wednesdays, every Wednesday we have a, a speaker come in who is a professional in fill in the blank, whether it's taxes, wholesaling, realtors, whatever, to come bring some knowledge to rat race. and that's what we do on Wednesdays. And we do this every single week, twice a week, all year long. Now the biggest problem that rat Ray has, you asked me what I have, the biggest problem that my mastermind has is shiny object syndrome. So let's and I can't get a, we can't do anything about this.

[00:40:56] To be honest, I'd be a disservice if I didn't bring this. So we [00:41:00] bring real estate professionals in wholeselling and in Airbnb and this and that. And people are like, oh my gosh, like I wanna do that. I wanna do this. they just, they wanna do all of it. and we try our best to be like, look, don't do all of it.

[00:41:09] Just pick one that you like and go with it. But unfortunately, that also happens too. They're like, And there's no upsell allowed in rat race. So like anyone we bring in, they're not allowed to sell their course. They're not allowed to do any of that. It's completely either. You're here with a passion to serve and give away knowledge for free. anything outside of that you can't do that in rat race. so there's no upsell in any class. A lot of these masterminds are like selling you the next course. The next big thing, like none of that happens in rat race. Additionally, this is gonna blow your mind. Rat race defy is $4,000 a year. So you get over 120 something calls a year with me and Diego Corzo live Monday and Wednesday, every single night.

[00:41:45] Our, my wife knows Mondays and Wednesday nights. I'm on here. it's 4,000 bucks a month. Like it is literally the cheapest mastermind. I. In the universe. It's crazy. 

[00:41:55] James Rippeon: So do you have anybody that's doing this locally or is it all remote over, over [00:42:00] zoom? 

[00:42:00] Felipe Mejia: Most is remote over the states. Yeah. Over the whole United States.

[00:42:02] We have people in California and we have people everywhere. there's like local meetups that happen, right? 

[00:42:07] Patrick Mcgrath: Yep. And he messed up and said 4,000 a month, but it's 

[00:42:10] Felipe Mejia: 4,000. Oh, sorry. 4,000 a year. My bad. No. Is that at first? Thousand 4,000 a year. 

[00:42:16] James Rippeon: What he didn't say is that when everyone's going from 1 million to a hundred million, then it might become 4,000 thousand.

[00:42:21] Felipe Mejia: so no, it's like like 4,000 bucks a year, dude. It's ridiculous. Like it pays for zoom and our speakers and some stuff that we have. But that's why I told you earlier, Patrick, when you were asking me about should you do a course or, a lot of people reach out to you about one on one. I'm like, dude, if, unless you really have a passion for this, don't do it.

[00:42:41] Patrick Mcgrath: Yeah, I know. That's huge. You break it down. that's, like $70 a week or something like that. That's 

[00:42:46] Felipe Mejia: $35 a call. Don't go out to dinner one time. That's all 

[00:42:51] Patrick Mcgrath: per person. So yeah. that's huge. I love that. There's an obstacle right there and it. It's the people taking action, so [00:43:00] man, that's crazy. I think the last thing we want to get in before, we get into our last segment is what the hell does Felipe do? When he is not doing all this, like what are your hobbies, man? what do you do with your family? 

[00:43:13] Felipe Mejia: let's crack that. Let's crack that shield a little bit.

[00:43:16] Yeah. So my son plays soccer. I think today will be the first time I missed any of his, practices to be on this podcast. So good job, Patrick and James, ah, making up no, my son plays soccer and he is super. So we're always outside playing. We're always doing something with him. he's an awesome kid. and he's my only one. So he's got all my attention, whenever I'm not working, I love to go to the gym. I'm not the fittest guy. I'm not like thin and whatever, but dude, I just love that's the best Des I don't have a alcohol or drugs or whatever. Like for me, it's the. Like when I go there, get an hour and a half and just bang it out. I just love that. and then, I got my wife and we hang out every Wednesday is like our date day before rat race. My son gets picked up from school by my mom. She brings him home at seven rat race [00:44:00] starts at eight. So like me and my wife basically have all day Wednesday to just go walk the park, go have lunch, go have dinner. And we love that our Wednesdays is our day together. and the rest is just running my businesses and I love what I do being a visionary and getting pulled 17 different ways is just the way I work. If that wasn't happening, I would be, I would drive myself crazy. 

[00:44:17] James Rippeon: it definitely sounds like you got a firm foundation and, Core life built and you're focusing on those things and you're not letting things like too much like this podcast. I know we're taking some of your time for your son, but no, I, the most you're really solidifying, the family time.

[00:44:30] And I think that's what important. A lot of people think, they just have to focus a hundred percent on work, that's not what it's all about. 

[00:44:35] Patrick Mcgrath: Yeah. Everybody thinks it's all about the money. And in the beginning, I think sometimes it. but really at the end of the day, it's that time freedom.

[00:44:43] And that's the difference between financial independence, financial freedom, it's time, freedom to do as you please. And you choose to wanna be pulled in 17 different directions. And, but you make time for your family and you have it. So sure. That's amazing. Felipe, we're gonna get into our last [00:45:00] section of the podcast.

[00:45:01] Now we call this one, the big four. So James. Take it away. My man. It, 

[00:45:07] James Rippeon: so what's something that you do that kind of feels like a cheat code or a hack, for your path towards financial independence. 

[00:45:16] Felipe Mejia: Oh, what, okay. What is something that I do that feels like a cheat code towards my financial. Okay. This is a big one.

[00:45:22] I got a huge one. People are gonna think this is really funny. Okay. So I don't spend any money on toys for my son and this guy that sounds crazy. This is how we go to target. And none of this is illegal. My buddy is actually corporate of target and he told me he was okay. He goes, people don't look at you a little funny, but yeah, that's fine. okay, great. So we found out that you there's two hacks. You can go to target and buy a toy for your son. And when he wants another one, you just return it and get a new one. So I have never bought my son a toy. So we always just return the toy that he's played with. Like, all right, Miko, if you [00:46:00] want another one, we gotta return the one you got and he's okay, grabs his toy, put it back in the box.

[00:46:05] And it's a whole adventure. Like we put the toy in the box, we put it back together. We get in the car together. Like we, we have, it's just our time together. We go to target, we return it and then we get another one. And that's it. that's 

[00:46:15] Patrick Mcgrath: incredible 

[00:46:15] James Rippeon: to, I didn't even know that was. 

[00:46:18] Felipe Mejia: No one does. I don't know why either.

[00:46:20] It's just, I think, and here's the thing. I think it's not culturally acceptable here. Like it's weird. oh, he must be poor. He's gotta return the to, I don't know. I just feel like people are weird about it. I'm not like every time I go to target, I've done it for a while now. is anything wrong with the toy?

[00:46:33] Nope. Okay. Thanks. They put them in. It's 

[00:46:36] Patrick Mcgrath: kinda like Costco they'll return anything, you could wear like a pair of shoes for a 

[00:46:40] Felipe Mejia: year and then turn return. Here's the other thing, Costco. Jack and Jill, the brand from target for the kids. You can return that at any point too. So you'd buy your kid clothes.

[00:46:50] He outgrows it. If it's got a rip in it, not, it doesn't matter. You return it. They'll give you a new one. Now that's a hack right there. Yep. And you literally just [00:47:00] get the next size up. 

[00:47:02] Patrick Mcgrath: So you don't have to, you don't have to buy your kids, toys and clothes anymore. That's how you can buy your next property.

[00:47:09] That's huge. 

[00:47:10] Felipe Mejia: That is such crazy. People spend thousands of dollars on toys a year. That's such a crazy life act. What do you think it think is happening Christmas, bro, I'm gonna spend a thousand dollars on toys and then return 'em in February. 

[00:47:22] Patrick Mcgrath: I love it. I love it. I love it. Hey, whatever works and that's fantastic.

[00:47:27] So this next one we call is resources. So I know you've mentioned a few, but are there any books? Podcast or people that have really shaped, your financial, journey as well as helped you 

[00:47:42] Felipe Mejia: get to where you are today. Yeah, absolutely. books for sure. So life and air rocket fuel, your next five moves. why the rich are getting richer by Robert Kiosaki and obviously the goat, the book, right? The rich dad for app. and then my mom. I grew up with a single mom and, she was a hustler dude. She was a shark. She [00:48:00] showed me everything. I. She cleaned houses her whole life. And to this day she does cuz she wants to now I guess, I don't know, but like she would be cleaning houses and she'd have her helper and her helper would finish that in the last 30 minutes she would walk up and down the street, just giving her little business card, telling people, Hey, I cleaned that house and they would like, oh, can you clean our house too? so my mom was a shark man. I think that's an important you door to door. oh yeah. Need best time. A 

[00:48:22] James Rippeon: lot of people come up in house households, maybe not the most wealthy rich families, a lot of times there's that one family member that just hustles. Yeah. and they might not have found that one key to generating wealth, from the hustle, but that hustle, if you can incorporate that into your life and apply it correctly, be a skill that will go, exponentially beneficial to you in the future.

[00:48:41] Felipe Mejia: Oh, for. 

[00:48:43] James Rippeon: That's awesome. All right, so this next one, we call it to future you. So it's five years in the future. what does Felipe's life look like? So tell us a little bit, either on a personal side or business side, or maybe even both, what your life looks like in five years. 

[00:48:55] Felipe Mejia: So Felipe's got like an eight pack Flipp and eating [00:49:00] burritos. no, I'm just kidding. that was funny. Patrick laughed. He got red. honestly, I think we're gonna build a house in Daytona where my wife's parents are. my portfolio is as stabilized as it can be. Honestly, man, like my five years, like what I am now I don't, I'm not like I don't want a bunch more. I think the systems and processes I've created organically growed. Now, if that makes sense, like it's just a well oiled machine. If the deal works and my whole selling. This. Oh my gosh. I can't preach this enough. The business of real estate will feed your real estate. So like in a wholesale I'm like, oh dude, that's a great deal.

[00:49:34] I'm just gonna keep that. Like I don't have to go out and look for deals anymore. They just come to me through my business and I'm like, oh, I'm gonna keep that one. Oh, I should keep that one. Yeah. That's a great deal right there, lady selling it at 50% off. I'm gonna take that one. You know what I'm saying?

[00:49:45] So honestly, it's just letting the systems grow by themselves. So what am I gonna be like in five years then multiply. What happened this year? Times five. 

[00:49:55] Patrick Mcgrath: Great answer. I love it. I love it. What's funny is like the last, like [00:50:00] three guests that we've had. when we asked them that question, they like broke it down for us, like in their day.

[00:50:05] And they were like, this is what my day was gonna be like, and you started off, Felipe's gonna have an eight pack and I'm just gonna be eating burritos all day. And I was like, holy shit. This is like the fourth one in a row. This is hilarious. 

[00:50:16] Felipe Mejia: that's so funny. 

[00:50:18] Patrick Mcgrath: All right, Felipe. the last question most important is how do our listeners get in touch with you?

[00:50:26] What's the best way for them to reach out, get in touch with you. 

[00:50:29] Felipe Mejia: Absolutely. so James actually gave me your cell phone number prior to this. So you can call Patrick anytime. No, I'm just kidding. you can reach me, dude. On Instagram, I'm super, active on there. Just Felipe Mejia, R E I that's it. You find me on Instagram and you can DM me and I'm super passionate about helping people do what they do.

[00:50:46] Don't hit me up about, can I pick your brain? Oh my gosh. Cuz you're just giving me a job. Bring me a solution to a problem. You might think I. And then we're definitely gonna connect, but if you just are like, Hey, can I just pick your brain like that? That's not the right way, in my opinion, to reach a mentor or [00:51:00] try to get some help. maybe bring me a funny meme or something, I don't know, like just be a normal person too. Don't be weird. other than that, dude, I reply to all my DMS, personally, all of them. 

[00:51:09] Patrick Mcgrath: That's how we got him on this podcast, guys. Boom. I might have had to reach out three or four times, but he did respond each time.

[00:51:15] He did respond each time. There was a scam. If you look back on our DMS, the first one was a guy trying to invest with me and said he was investing with you. So I said, you a screenshot and you're like, I don't fucking know that guy. 

[00:51:26] Felipe Mejia: So sorry. It's just comes with the package. I love it. I'm sure somebody doesn't fall for it and blame me.

[00:51:33] So it just is what it. 

[00:51:35] Patrick Mcgrath: Exactly. We'll reach out to him on Instagram. If you haven't already make sure to leave us a review on apple, Spotify, Google, all that shit. Go check out Felipe's podcast, go follow James on Instagram. He only has like 400 followers forget that and go follow Felipe. He needs to hit 25 or whatever you're at now.

[00:51:55] We'll catch you guys later. See you guys. 

[00:51:58] Outro: Thank you for listening to the [00:52:00] real fi podcast where you learn from the investors that have lived, the hard lessons for you to connect with us during your pursuit of financial independence. Be sure to join our community by following us on Instagram or emailing us@infoattherealfi.com.

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