The Truth About Real Estate Partnerships, Failure, and Finding Your Lane
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What happens when corporate “security” disappears overnight?
In this episode, Stephen Lee Thomas sits down with Mike Deaton, co-founder of Flipping Dirt, to break down his journey from being laid off at Microsoft to building a land flipping business with over 700 deals completed.
Mike shares how he and his wife pivoted into entrepreneurship, why land investing became their focus, and the lessons they learned the hard way through partnerships.
What You’ll Learn:
- How land flipping works as a business model
- Why your first deal is about confidence—not income
- The hidden risks of real estate partnerships
- How to think about failure as an entrepreneur
- Why deal flow matters more than perfection
Key Highlights:
- From dual layoffs to full-time entrepreneurship
- First land deal: $3K → $10K flip
- Why land offers more control than multifamily
- Lessons from deals that went underwater during COVID
- Building a business that fits your lifestyle
Connect with Mike: Website: https://flippingdirt.us/freedom
Facebook: https://www.facebook.com/mikeandligia
LinkedIn: https://www.linkedin.com/company/flipping-dirt
Connect with Us:
- Skool Community
- Website
- YouTube
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Contact Us: For inquiries, guest appearances, or sponsorship opportunities, contact us at info@raisegenius.ai.