Born and raised in Miami, Florida, and son of two Cuban refugees Michael Castano was an only child and an introverted one at that. Wasn’t all that into sports, but he was a math and science whiz, he took after his father.
Growing up with very little, Michael learned naturally the importance of money management and through mentorship with teachers, was able to get admitted into MIT. While he was pushed by his family to become a lawyer, he was drawn away from the desk and onto something more hands on. He was able to work for GM and that’s what led him to real estate.
Combining his understanding of putting money to work, minimizing expenses, and his childhood experiences of renting out rooms and managing property, he bought his first duplex in Detroit.
And that’s where we meet Michael in this episode. He’s a first generation investor, not too shabby for a refugee’s son.
Up to date, Michael has eight doors and has achieved financial independence in under five years. Going forward, the biggest goals for him are to start growing his short term rental portfolio along with his network for partnerships.
To get in touch with Michael, follow him on Instagram @firstgeninvestor
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