What if your first big real estate win gave you false confidence for what came next?

Mike and Lijia Deaton walked away from corporate careers to build a land flipping business, and it worked. But when they expanded into multifamily syndications, things got more complicated. In this episode, they open up about what it really takes to run a land business like a business… and the tough lessons they learned trying to scale into bigger assets.

From spreadsheet optimism to investor stewardship, the Deatons share what’s worth chasing, and what they’d never do the same way again

🎙️ What we cover:

• Why land was the right entry point for their first business
• The overlooked discipline of mindset in real estate success
• How they structured their transition out of W2 jobs with a 12-month runway
• The truth about multifamily: floating rate debt, team dynamics, and where things go wrong
• How to evaluate partners before the pressure hits
• Why systems and boring operations still win the long game

The bold truth? In real estate, it’s not the deal it’s the operator that makes or breaks it.

Learn more about Mike & Ligia Deaton:LinkedIn:

• https://www.linkedin.com/in/michaelbdeaton/ YouTube:
• https://www.youtube.com/@mikeandligia web:
• https://flippingdirt.us/freedom/
  

🎧 Listen now: https://www.youtube.com/@TheRealEstatePessimist/videos 📍 Find us on all platforms

YouTube: https://www.youtube.com/@TheRealEstatePessimist/videos

Spotify: https://open.spotify.com/show/30iW9NGVaPVqIBZqf8iNd5?si=aa41afe7b90b4315

Apple: https://podcasts.apple.com/us/podcast/the-real-estate-pessimist/id1785003692

🎧 Want more from Kristi? Hear how she’s helping locals become developers in their own communities by removing the gatekeeping.

→ Listen to the Local Real Estate Developer Podcast: https://www.youtube.com/@LocalRealEstateDeveloper/podcasts

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