Episode 7: Inspiring Interview with a very successful RE Investor! Part Two
Mike has been investing in the real estate business since 2004 and has had multiple rentals in locations such as Michigan, Chicago, and Florida. His objective is to purchase neglected apartment complexes that are in need of repositioning and/or with property management issues.
These properties are located in emerging markets creating additional added value. He then sells or refinances the property to use the proceeds to buy more and/ or larger properties.
Mike has experience in negotiating Letters of Intent/Purchase and Sale Agreements with Banks, Private Investors, and Note Portfolio holders all with holdings of Multi-Family Apartments. He has extensive experience in working with Property Management companies implementing superior Asset Management.
What you’ll learn on this episode:
**This is a follow up to a recorded training Mike and Lane did in 2017.
- Mike goes into great detail about how he successfully achieved purchasing, rehabbing and owning 180+ multifamily units and growing.
- How Mike had to learn the “hard way” and how you can learn and benefit from Mike’s mistakes.
- Where and How Mike gets his money for the whole capital stack! Hint- It’s almost entirely OPM!!
- How YOU might be able to work directly with Mike and his team in the future to get more of your own deals closed!