From Telcom to Real Estate Entrepreneur
In Order to Succeed You Must be a Constant Learner
Mitchell Deminski is an independent business owner with HomeVestors® of America, Inc. in the Columbus, Ohio Metropolitan Area. He started his HomeVestors business in 2018 after years of being a real estate investor, broker, and owner of a property management company. Today, he is also a sought-after speaker traveling the country giving advice and sharing his expertise with other real estate investors.
Life Before HomeVestors
Mitch received his BSBA from The Ohio State University in 1988 majoring in Marketing. After graduation, Mitch worked his way into being a partner in a telecommunications company which he sold in 1996. Two years later, in 1998, he began investing in real estate and went on to start a brokerage in 2001. At this time, he also started a property management firm providing services for other investors, admittedly a very tough business.
In 2017, Mitch decided he wanted more control over his life and more flexibility to spend quality time with his family. It was at this time that Mitch met his future HomeVestors Development Agent, Jeff Hotz, who was looking for a property management company to manage his portfolio. Jeff convinced Mitch to join HomeVestors, and in 2018 Mitch did just that and formed D1 Real Estate in Central Ohio.
The Beginning of D1 Real Estate
“I decided to become a HomeVestors independent business owner because of their proven marketing and operating systems, their well-established brand, and their outstanding reputation,’ explained Mitch.
“Initially, I used HomeVestors simply to upgrade my own personal portfolio and to use that newly generated income to pay off the debt and mortgages on the properties I already owned. And once my existing properties ‘became free and clear’ I was in a great position to simply get lines of credit to purchase additional properties.”
In Mitch’s first year of business, he bought and flipped five houses; in his second year he flipped 17 (and kept one); and in his third year he flipped 13 (and kept two).
Present Day
Mitch has leveraged his HomeVestors business into a part-time venture. He has a full team of buyers and contractors, and his wife Susie manages the accounting for the company. “To be clear, I am more of the owner but no longer an owner-operator,” Mitch clarified. “And this is what I was ultimately looking for when I first started… control over my life and more time to spend with my family. As an independent owner, HomeVestors lets you decide how to grow and run your business.”
During this time, Mitch still owned his property management company, which has grown to over 550 properties under management and representing about 200 real estate investors. In September of 2022, he sold the company to Poplar Homes, a third-party property management company. Mitch works as a consultant for Poplar Homes helping them build out their Ohio market.
Advice from an Expert
“As I travel the country speaking at various industry events, I focus on three key pieces of advice:
• Always be a constant learner.
• Talk to people who are actually doing it and not just talking about it.
• If you want to start investing, be well capitalized.
Homevestors
What exactly does it mean to be aHomeVestors® business owner? Owning a real estate business is life changing and naturally comes with risks! When you become a HomeVestors business owner, you get immediate access to motivated seller leads, financing resources for qualifying purchases and repairs, one-on-one coaching with your local Development Agent, proprietary software for analyzing properties and deals, and access to a nationwide network of coaches and peers. Your house-buying business is yours and you run it as your own venture with a focus toward your individual business goals.
If you are interested in a franchise, call 866-249-6932, email Sales@homevestorsfranchise.com or visit www.homevestorsfranchise.com. Each franchise office is independently owned and operated.
