This is a webinar video segment in which Mike Escobedo introduces himself and summarizes his real-estate background and role on a recently contracted deal in Shareville, Indiana. He describes a competitive track record (including $255M in real-estate sales), experience at Marcus & Millichap, a specialty in mobile-home and RV-park transactions (deals ranging roughly $1M–$40M), and hands-on construction/management experience; he will be boots-on-the-ground for the Indiana renovation and operations.
Questions this video answers
January 10, 2025
$255,000,000 ("over $255 million")
Approximately $1,000,000 to $40,000,000 (mobile home/RV parks)
Chapters
You talk a little bit about yourself. Hey, thanks Pete. Impressive bio and record. I appreciate you starting that intro for all of us. But yeah, it was great meeting Pete on this particular deal that we've locked up and contract. I'm super excited about it. I'm super excited to bring this webinar to everyone and thanks for having me and thank you to your team for putting all this together for us. Right now we're positioned to help our investors make a whole lot of money on this deal. Just a little bit about my background. I did as Pete mentioned, I started off in wrestling, had a great career, two time state champ, went undefeated my senior junior year, made a lot of big commitments and ended up landing a scholarship at Michigan State. And that's really been the driving force of my character and who I am. Though I found that to be ideal when working in real estate. So, you know, I'm, I'm the, I'm just like Pete. I'm the, the deal hunter. I would go out there and find the deals. So as you can see my track record, I've sold over $255 million in sales just in real estate alone. And that was my single job, you know, right out of college and had some other businesses as well while I was dabbling into real estate. When I speak about finding $255 million of sales, yeah, that's a lot of hard work. And again, I attribute that to wrestling. When I first started out, I was at a big firm at Marcus and Millichap, one of the top companies as, as most of the folks and investors know who they are. And I became the pacesetter. I won the pacesetter award there and I was the one of the top climbing agents in that firm. And as if you visited my website at Invested Investments Elevated. You'll notice my background is in the mobile home and RV park space. I've sold as high as 40 million DOL parks and as low as $1 million park. So that's where I'm coming from. That's really my background in this space. So I've sourced a lot of deals, hundreds of deals. I've underwritten deals. I have extreme amount of experience in that underwriting process and really tying the deals together in escrow and things like that. So I'm proud to have that in my background and really to work on this deal with Pete. And just, just so the investors are aware, I am going to be boots on the ground in this particular property. So I'm excited to do that. Why Indiana? Why shareville Indiana, as Pete said. Well, when we were looking for deals, I initially was looking in pho because I live right here in Phoenix, and I started making a database in my hometown in Indiana. My family, big wrestling background. I said, hey, why don't I find some deals out in Indiana and I can actually move out there and be next to the property and have a home next to my family and do real estate full time. So I decided to make a database and do a cold call session with the folks out there in Indiana and landed a deal. So I was excited to get on this deal. I pass over to Pete, and when I pass it over to Pete, we try to beat it up as much as possible for six weeks and we couldn't find any holes. So I'm excited about that. And so I'll be boots on the ground there when we're tearing in into the property to. To do the reno schedule that we've got lined up. I've got plenty of management experience. I also ran a painting and construction business. So I do have the background and the knowledge when it comes to that management. And as. As a matter of fact, here in my Phoenix home, I actually did my luxury flooring in the house. So I can push the. The contractors out there, make sure they're getting the job done and doing it right and making sure we're getting the right product at the right prices. Right. Well, so enough about me, Pete. I know you've got some other things lined up on this webinar.