Horsepower of Leverage with Erik Stark - #CREPN 44

The Horsepower of Leverage is the secret sauce in Real Estate Investing.  

This is the aha Erik Stark and his partner figured out after successfully buying and wholesaling a deal using none of their money.

This lesson has proved critical to their growth in Detroit, MI and now sunny Florida.

Erik’s experience in flipping goes back to his childhood, riding bikes.  He had fun, tricking out bikes he found in the trash and selling them to his friends and others for a profit.  

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Upon graduation from high school, Erik was all set to start a career in real estate.  However, due to lack of interest, the class was cancelled, and Erik thought it was a sign to run from real estate.

A few years after high school, Erik reconnected with a good friend from high school, Steve Mills.  They quickly realized they were of like mind in their entrepreneurial spirit.

The Horsepower of Leverage.

Since their beginning, Erik & Steve have done over 400 flips.  They have found unlimited capital to fund their deals, created a top 100 list of target properties they want to acquire including, single family, multifamily and retail.  

As the margins have been squeezed on flips, they have been able shift into wholesale and development and look elsewhere to expand their real estate empire.