Multifamily Investing with a Full Time Job with Mike Vann

Mike has been investing in real estate for almost 20 years throughout Arkansas and Missouri while balancing a family and a full-time career in the Medical Device Industry. He has built a $6M+ personal portfolio across multiple asset classes, consisting of Single Family, Small Multifamily, Apartments & Commercial properties. Having worked in the family construction business, he gained experience in both doing the work and in project management. These skills served him well as he has completed many flips, rehabs and even a heavy lift, $7k per door apartment complex renovation over the last several years.In 2017, after years of informally helping people through advice, mentoring and sharing his knowledge of the business, he decided to formalize and scale those efforts to help other busy professionals realize the security and freedom that can be attained through real estate investing. He is achieving those goals through apartment syndication and has since been involved in the purchase of approximately 1000 units in Kansas, Oklahoma and DFW valued in excess of $60M.Besides educating and helping busy professionals work their way towards financial freedom, Mike enjoys being involved in local, national, and international mission work and believes “We are blessed, to be a blessing”.KEY POINTSBalancing real estate investing with a full-time day jobScaling a duplex into 55+ unitsGrowth through doing the uncomfortable thingsTips to a successful multifamily syndicationWhat to look for in a potential partnerCommon mistakes of a new real estate investorPassive vs. Active investing LIGHTNING QUESTIONSWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?Taking action.Do you have a personal habit that contributes to your success?Prayer and strong faith.Do you have an online resource that you find valuable?Continue educating oneself on a daily basis like reading journals and listening to podcasts.4. What book would you recommend to the listeners and why?Rich Dad, Poor Dad book by Robert KiyosakiPhenomenal Teaching book by Wendy Ward HofferIf you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?