Why Your AI Assistant Might Be Better Than Your Real Estate Attorney with Mike Higgins

The Wisconsin Investor

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Mike Higgins opens up about his transformative journey from personal trainer to thriving real estate investor in Wisconsin, revealing the strategic shifts that made all the difference in his business. Far from just another "how I got started" story, this conversation delivers practical wisdom on maximizing profitability in today's market.
Want to know why some investors consistently snap up deals while others struggle? Mike and Corey break down the exact systems needed to evaluate properties in minutes rather than days - including how missing just 20-30 deals annually could mean losing $500,000 in potential profits. They share their specialized approach to selecting properties in the "sweet spot" price range that ensures consistent sales regardless of market conditions.
The tax advantages of real estate take center stage as Mike explains his favorite investment strategy: "legally not paying taxes." Learn how properties showing minimal monthly cashflow can still offset hundreds of thousands in earned income through strategic tax planning, making even seemingly break-even properties incredibly valuable to your portfolio.
Perhaps most fascinating is their deep dive into how artificial intelligence is revolutionizing their businesses. From AI-powered call bots handling seller leads to automated deal analysis and even legal document review, discover how a $20/month ChatGPT subscription might replace services you're currently paying thousands for.
This episode culminates with hard-earned wisdom about maintaining strategic focus in a field filled with distractions. As Mike candidly admits, "We could go from wholesaling real estate to opening a Mexican restaurant in Indiana because there's not a lot of them there." The ability to "stay the course" might be your most valuable skill as an investor.
Ready to take action? Visit wisconsindiscountproperties.com to join their buyers list and start receiving off-market deals or schedule a free consultation to break down how the numbers work in today's market. To connect with Mike, check him out on X @meetmikehiggins.

Chapters

1. Why Your AI Assistant Might Be Better Than Your Real Estate Attorney with Mike Higgins (00:00:00)

2. Wisconsin Discount Properties Deal Opportunities (00:01:18)

3. Maximizing Deal Flow and Setup for Success (00:03:07)

4. Mike's Journey from Construction to Real Estate (00:06:33)

5. From Realtor to Fix-and-Flip Strategy (00:13:22)

6. The Tax Benefits of Real Estate Investing (00:22:14)

7. Using AI to Transform Your Real Estate Business (00:32:31)

8. Staying Focused vs. Chasing Shiny Objects (00:43:15)

9. Wisconsin Traditions and Closing Thoughts (00:54:45)