Successfully Buying Real Estate While Having W-2 with Mike Strodtman

🌟 Guest: Mike Strodtman, founder and president of Blue Skies Equity, has been a real estate investor since 2009. With a background in city planning and a master’s in urban and regional studies, he specializes in multifamily, self-storage, retail, and industrial properties through syndication and joint ventures. Mike continues to work his W-2 job while investing in real estate.

Episode Highlights:
Introduction and Mike's Background:

Balancing city planning career with real estate investing. 🏢+🏠

Started with single-family homes and moved to multifamily and commercial properties.

Benefits of Syndication and Joint Ventures:
Power of pooling resources to buy more real estate. 📈

Benefits for busy individuals who love real estate but lack time. 🕒

Being a Limited Partner (LP):
Investing money and trusting sponsors to execute plans. 💼

Mike’s experience of being an LP for seven years before becoming an active syndicator.

Balancing a W2 Job and Real Estate:
Strategies include time blocking, early mornings, and leveraging VAs. ⏰💼

Real Estate Transaction Discussed:
Detailed account of a ground-up construction project during COVID-19. 🏗️

Importance of relationships with contractors and bankers. 🤝

Moonlight Coaching Questions Asked and Answered:

New Investor Tips: Ensure deals cash flow from day one. 📊💡

Balancing Business and Life: Prioritize family time, leverage early mornings. 🌅👨‍👩‍👧‍👦

Starting with Limited Time: Get educated through podcasts, books, and mentorship. 📚🎧

Starting with Little Cash: Find deals and bring them to investors. 🏠💰

Knowing Your Numbers: Understand expenses and income. 📈🔍

Book Recommendation:
"Tax-Free Wealth" by Tom Wheelwright. 📘💵

Click On This Link For Our Free E-Book "An Introduction Into Apartment Syndication: https://moonlightcre.com/ebook_download/
Website: Moonlightcre.com
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