Mike O'Day specializes in helping aspiring real estate investors identify ideal properties, use systems to self-manage, and qualify for tax savings through accelerated depreciation. His goal is to turn clients into millionaires by building $1M/year in passive income from real estate portfolios over 15-30 years. His strategy is built on 50 years of data from his broker and centers on new construction townhomes in Utah’s path of progress.
Life Lessons
- • It’s not get-rich-quick, it’s get-rich-slowly
- • Cash flow is a bad thing until you’re ready to retire
- • People always need a place to live
- • The only ways people save for retirement are their 401(k) and their house
- • We are not meant to do this life alone
Memorable Quotes
"People always need a place to live."
Mike O'Day
Get Rich Slowly — Mike O'Day & Scott Clark
"Cash flow is a bad thing until you're ready to retire."
Mike O'Day
Get Rich Slowly — Mike O'Day & Scott Clark
"The only ways people actually save for retirement are their 401(k) and their house."
Mike O'Day
Get Rich Slowly — Mike O'Day & Scott Clark
Stories
Mike O'Day
The Overwhelmed Mother Who Couldn't Add a Door
A stay-at-home mother with four children and eight rental doors across three aging properties wanted to grow but was overwhelmed. The properties were a full-time job — no systems, reactive maintenance, manual rent collection. Learning the townhome strategy and automated systems, she closed on 12 new construction townhomes while managing everything in 15 hours per week.
Mike O'Day
The Couple With the 3% Mortgage Who Unlocked Two Investment Properties
A couple who refinanced to sub-3% and a 15-year mortgage felt stuck — no cash to invest. A lender ran the numbers: moving back to a 30-year at 6% kept their monthly payment identical while freeing enough equity to buy two investment properties. Dormant equity earning 3% became funded investment properties building retirement wealth.
Mike O'Day
The Young Investor Who Bought 7 Properties Before 30 Using FHA
A young investor used FHA financing (3.5% down, primary residence) to buy a townhome each year for seven years. He saved $15K annually, lived in each property for 12 months, then converted to rental and repeated. Seven properties before age 30. Without investing another dollar, compounding equity across all seven properties projects several million dollars per year in passive income at retirement.
Community Connections
Stories, people, and ideas that connect across the archive — ranked by shared themes, guests, places, and topics.
Related Episodes
(4)From First Rental to Financial Freedom | Utah Investing Strategies
Michael O'Day and Scott Clark
Grinding To Success With Jimmy Rex
Jimmy Rex
Advice From A Top 500 Realtor - Angel Gutierrez
Angel Gutierrez
Forecasting The Utah Real Estate Market & The Locked in Effect with SuAnne Hoffman
SuAnne Hoffman
Related People
(4)Scott Clark
Real Estate Investor · Real Estate Help Utah
Savannah Romney
Realtor, The Perry Group · Podcast Host · Young Entrepreneur
Ammon Childs
Utah Real Estate Professional · 17 Years Experience · New Construction, Luxury, Commercial & Residential Specialist
Naomi McClure
Realtor, Berkshire Hathaway HomeServices · Former Hollywood TV Professional
Related Stories
(4)The Young Investor Who Bought 7 Properties Before 30 Using FHA
Mike O'Day
The Couple With the 3% Mortgage Who Unlocked Two Investment Properties
Mike O'Day
The Coach Who Never Planned to Coach
Andy Hadfield
The House That Wasn't Right
Kaylee Kendall
Related Quotes
(4)"We are not meant to do this life alone."
— Ryan Harding
"The money will follow it."
— Naomi McClure
"It's not get-rich-quick, it's get-rich-slowly — but it does happen."
— Scott Clark
"Stop thinking about the monthly payment so much... think about the asset."
— Nikki Lemon
Related Themes
(4)Volunteerism
Lehi's century-long tradition of residents building their own city through service — from book brigades and sponsored park trees to committee work and parade committees.
Family Legacy
The stories of families who planted roots in Lehi across generations — the ones who built the traditions, the parks, the businesses, and the sense of belonging that others now enjoy.
Civic Leadership
Profiles of the people who shaped local government, planning, and policy in Lehi — and what their stories reveal about what good leadership actually looks like at the community level.
Community Resilience
How Lehi residents have navigated challenge, change, growth, and hardship — and emerged with optimism, connection, and a deeper appreciation for what they've built together.
Ways to Serve
(4)Mentor through the Miss Lehi Pageant
Miss Lehi Pageant
Mentor youth through the FFA program
Future Farmers of America (FFA)
Become a Buddy in the 'Stage for Everyone' Program
Lehi Arts Council
Engage with Local Entrepreneurs
From Rents to Roots Podcast