#52: Building a Portfolio of 48 Units While Earning A Median Salary (and Ultimately Quitting His Job!) with Mike Heldstab

Great episode this week for those who are looking to build a portfolio of small-midsize multifamily properties! In this episode, I interview Mike Heldstab, who built a 48 unit portfolio while working a predictable, government job. f you are looking to build a portfolio while working your W2 job, you need to listen to this episode - Mike shares a lot of practical tips to find off-market deals, create great relationships with local banks, as well as advice on self-managing a rental portfolio. Show Notes:2:50 Mike shares his background and how he initially ventured into real estate investing.5:33 Mike talks about his first real estate deal and the key takeaways that he learned through the process.7:50 We discuss how Mike scaled his real estate business after his first deal and what drove him to buy more rental properties.10:48 Mike discusses what his business looks like currently and what he is doing to expand his business even in today's market.18:40 We discuss how to build relationships with local banks to secure great financing options for smaller multifamily deals.21:52 Mike shares his standard business plan that he uses for most of his deals.25:02 Mike talks about the tips he would give to anyone who wants to self manage their own rental properties.28:20 Mike shares a piece of advice that he would give to himself before starting his real estate career.29:40 Mike discusses his biggest business related failure and what he learned from it.32:22 Mike shares the best decision he has made in his real estate career34:25 Mike goes over one skill/trait that he attributes his success to.CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/CONNECT WITH MIKE:https://www.instagram.com/theheldstab/?hl=enhttps://www.linkedin.com/in/mikeheldstab/