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 The Link Below For More Information About Eric Lindsey:https://linktr.ee/ericlindsey