Ep #179: Building a Multi-Million Dollar Portfolio All While Working a Full-Time Job – with Michael Siekerka
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 11 April 2018
⏱️ 60 minutes
🧾️ Download transcript
Summary
Our guests for this week’s show is real estate and historical multifamily expert, Michael Siekerka.
Michael is founder and president of Renting502.com, a company that specializes in acquiring and renovating distressed small multifamily properties in the Louisville, KY market. Michael got his start in real estate a short time ago back in 2009 while working as an actuary and hasn’t looked back since.
Now, first and foremost, one of the most important things you need to take notice of is that not only does Michael have a full-time job, but he also lives 1000+ miles away from the market he invests in. There are endless excuses one could make as to why they aren’t currently investing in real estate and being busy with a full-time job and living far away from an ideal market are two top excuses I often hear. Well, listen in as Michael shares how he does this and much more.
In this show with Michael you’re going to learn the following:
- How Michael got started as a real estate investor shortly after the crash of 2008 with practically zero experience.
- How he’s been able to balance a full-time career while simultaneously scaling a successful real estate business.
- Why he chooses to invest solely in the Louisville, KY market, more specifically, historic homes in Louisville.
- Why he prefers to keep his property management in house.
- How he utilizes historic tax credit programs to recoup a significant portion of the rehab costs on the various historic renovations.
- How he structures partnerships with his passive investors.
- How he uses direct mail to find most of his opportunities.
- And much, much more….
Recommended Resources
- Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themcom
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cashflow podcast. |
| 0:25.2 | Now, here's Kevin Buck. |
| 0:30.0 | Hey guys, Kevin Bup here with episode number 179 of the Real Estate Investing for Cashflow |
| 0:34.9 | Podcast. |
| 0:36.1 | Our mission is to help you build and maintain massive amounts of cash flow through |
| 0:40.3 | income producing real estate investments. |
| 0:42.9 | Now, before I introduce our guest for today's show, I want to mention a very important |
| 0:47.4 | item regarding this show. |
| 0:48.5 | And I've actually mentioned it's a few other times over the past month or so in that |
| 0:53.4 | we've got a few episodes that |
| 0:54.9 | are they're calling that they were lost in the archives okay they were they kind of slipped |
| 0:58.9 | through the cracks well this is one of those episodes i've got a number of them coming up over the |
| 1:03.5 | coming months these pretty much got lost in my archives don't ask me how but they did and |
| 1:09.3 | some of them are a year year year and a half old, and |
| 1:11.7 | they're awesome interviews. They're awesome shows that were meant for your ears many, many |
| 1:16.7 | months ago, some over a year ago, but they didn't make it out. Well, now I'm slowly releasing |
| 1:22.5 | them out to the world, out to you so that you guys can extract the value from them because there's |
| 1:28.1 | some awesome shows that I did. |
| 1:29.9 | And today's show is one of them. |
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