Ep. 111 Why Having a Mentor In Real Estate Is Important with Samuel Sells

Welcome to episode 111 of the podcast! Today we are joined with my friend, Samuel Sells. Sam is an the Chief Executive Officer of Wild Mountain Capital, an experienced combat veteran, and serial entrepreneur with a demonstrated history of success in developing and building sustainable and repeatable systems overcoming many of the key drivers of financial and social poverty. Join us as he shares his experience with real estate investing from his first investment to what he has scaled into today!

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Instagram: https://www.instagram.com/cleanmoneysam/

LinkedIn: https://www.linkedin.com/in/samuelsells/

Website: https://wildmountaincapital.com/

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 Video Translation: 

...So my dad and I started wild mountain capital back or while mountain holdings, the parent company back in 2018, um prior to that time, and actually at that time, I was active duty military. Uh I spent about a decade as a international health specialist a hospital administrator working with foreign militaries, foreign governments helping them develop and create health care, uh sustainable health care systems.

Uh small uh large um you know, and, and pretty much everywhere else in the world except for America. Uh health care is um you know, run by the government. So the, you know, it's, it can be a challenge to align incentives to help people figure out why they should actually provide better health care than, you know, than just the very, very, very basics and so di different concepts.

Uh anyhow, during that time, I, I've, I've been to the poorest of the poor countries in the world. Afghanistan, Chad. Um you know, Nepal, a lot of these just incredibly uh des to uh countries and, and what I think of um you know, same thing there when you can align incentives and, and people see that, that a profit motive can actually help them, want to improve their own life and help them improve other people's lives.

And there is some kind of pro profit motive. Um whether you, you hate capitalism or not, it works right. It, it just works. And so the uh you know, we, I came back um to the States and, you know, I was working on a building a big 500 bed hospital and I was just getting worn out and I said, you know, hey dad, let's start a company and we had 80 grand and we put that money together.

And we bought a mobile home park and then we went and bought another mobile home park about six or eight months later. Uh, we were making enough, Uh, we're making about $12,000 a month in free and clear cash flow between the two of us And we started out with 80 grand And I was like, HM, there's something to this, you know, and I, I, I've started flipping homes in the early 2000s, like 2008.

I was when the market crashed, I had two homes that were both on the market. I just flipped them and so the market crashed, I made it through just fine. We turned one into a, a long term rental, the other one, we, instead of selling it for 1 50 we sold it for 1 30. I still made 40 grand or 50 grand. Um, because we were buying houses at $50,000 in downtown San Antonio. Right. It's, and I lived in Idaho, stationed in Idaho at the time and buying homes in San Antonio"