496: Mike Jordan: Why The Motor City Is Great For Turnkey Cashflow

My guest in this episode is Mike Jordan. Mike is the founder and President of Strategy Properties. Mike started his first company at the age of 19, while still a student athlete on a full scholarship to play basketball at the University of Detroit Mercy. Following two years of NCAA tournament play, Mike transferred to the University of Michigan to pursue a degree in Business Management. His natural-born passions in business have fueled his competitive drive to set high standards for himself and his companies. Strategy Properties, Inc was formed in 2003 with a primary focus on the construction of new homes throughout Wayne County. Mike's vision further developed when he came across opportunities to invest in different segments of the real estate market. Mike began to take advantage of opportunities with lower calculated risks coupled with high returns, such as mortgage note purchasing and the sale of homes that his company renovated. While in the process, Mike began to buy packages of properties in and around the City of Detroit, which he converted into economical, high quality homes.  Due to an increase in demand for quality homes in Detroit, and the number of home buyers looking for residual income, Mike realized the tangibility of Detroit homes as secure investments. His continued investment into the city’s neighborhoods and building of a trusted team of colleagues led Strategy Properties to become a key provider of rental homes in Detroit and Southeast Michigan. Mike’s desires are to continue the development of investment homes and to evolve with the ever changing economy and housing market, into the renovation and construction of residential, multi family, senior housing and commercial projects. I have only 2 community announcements, join us on Facebook, go to Facebook and type in, "Cashflow Ninja Community" everything about our movement is shared there, our investment group, webinars, tools, information, and all other cool stuff and if we have impacted your life in any way, please send us a testimonial recorded with your smartphone to [email protected]. Interview Links: Strategy Properties If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! Support Our Sponsors Producers Wealth, create, protect & multiply your wealth in ANY Economy. Asym Capital, achieve asymmetric returns through recession-resistant real estate.   The Real Asset Investor, alternative cash flow investments.   Masterworks, Invest In Fine Art Like The Ultra-Wealthy.   Audible, download any audiobook for FREE when you try Audible for 30 days.   Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post!   Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.   And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @thecashflowninja.   Until next time! Live a life of passion and purpose on YOUR terms,   M.C. Laubscher