Ep #1,127 - MFRS - How He Built A 700-Unit Real Estate Portfolio

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Passive, Estate, Family, Business, Management, Income, Multifamily, Apartment, Education, Multi, Property, Commercial, Real, Investing, Investor

4.8 • 1.4K Ratings

🗓️ 11 July 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike is the Founder and President of Blue Skies Equity and has been investing in real estate since 2009. With a master’s in Urban and Regional Studies and a background as a city planner, he realized early on that his true path was on the investor side of the table. Starting with single-family homes and small multifamily properties, he expanded into land subdivisions and ground-up construction. Since joining Rod's Warrior Program in 2023, Mike has accelerated his journey through powerful connections, mentorship, and deeper involvement in syndications and joint ventures across multifamily, self-storage, retail, and industrial assets.

Here’s some of the topics we covered:

How Mike Jumped Into Multifamily Back in 2009
The Game-Changing Impact of Joining Rod’s Warrior Group
Fast Value-Add Moves That Instantly Boosted Property Income
The Property Management Strategy Keeping Mike’s Deals Solid
Mike’s First Multifamily Deal Explained
Must-Do First Steps for Beginners Ready to Get in the Game
How Partnering With the Right Team Unlocks Bigger, Better Deals
Out-of-State Investing Made Simple With Smart Management
Why Every Deal Needs Someone Local on the Ground

If you’d like to apply to the warrior program and do deals with other rockstars in this business: Text crush to 72345 and we’ll be speaking soon.

For more about Rod and his real estate investing journey go to www.rodkhleif.com

Transcript

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0:00.0	So you know that apartment building or complex you drive by every day?
0:07.4	Someone owns it.
0:08.8	And it's probably someone on this podcast.
0:11.2	Multi-family rock stars.
0:12.8	Join the growing numbers of real estate entrepreneurs who have made the jump to buying multifamily
0:17.1	properties for lifetime cash flow.
0:19.5	Multi-family rock stars using OPM for an OMG ROI.
0:24.8	Now, here are your hosts, Rod Cleef, and Mark Nagy.
0:29.1	Welcome back to multifamily rock stars.
0:31.0	So as you guys know, these are the episodes where we deep dive
0:33.7	into our guest deals and really give you some practical
0:36.4	and actionable items for getting
0:37.9	started and doing your first deal, especially if you're brand new to multifamily. Now, I've got
0:41.9	my co-host, Mark Nagy, with me here as usual. Hey, Rod. Good to be back. It's been a while since I think
0:47.1	you've been doing them all in your home studio there lately. Yeah, I've had, I've had warriors actually come here, so that's been kind of fun.
0:55.0	But yeah, so we've got Mike Stroudman on today, and Mike's the founder and president of
1:00.8	Blue Sky's Equity. He's a warrior. We'll talk about that. But welcome to the show, brother.
1:06.5	Dave. Thanks for having me, Rod and Mark. Of course. Great a beer.
1:10.1	Okay. Well, why don't you, you know, give us, you know, your background, where you came from, why real estate, you know, give us, give us, and then kind of bring us current. Yeah. So I've been buying properties for 16 years. I think I'm starting into my 17th year now. And, you know, like a lot of people
1:29.0	start off with the small onesies and twosies and work your way up. You know, again, it was 2009.
1:34.4	So the timing is right. But everything had a great discount. The only thing I didn't have at that
1:39.9	time was more money to buy more of them as you're picking them up for 60 cents in the dollar.
	...

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