Buying a house could be a daunting and truly an intimidating pursuit… But if others can do it, so can you. 

This is one of my most favorite parts of my conversation with Mike Hennig more than a year ago, which I’m very excited to bring back today. Mike’s insights have been truly impactful to me, and I believe they deserve the spotlight once more. 

Mike Hennig has dabbled in real estate investing on a part-time basis since 2007. However, his real estate portfolio defies the notion of part-time, as he possesses a substantial 96-unit property portfolio spread across 15 different locations in Chicagoland and Northwest Indiana, totaling nearly $10 million in real estate value.

Over the past six years, Mike has been employed as a management consultant at Gallup Inc. and, prior to that, served as an executive at a trading firm situated in the Chicago Board of Trade. Although these roles have no direct connection to the real estate industry, they have generated income that Mike cleverly redirected into his real estate investment endeavors.

He methodically constructed his impressive portfolio while balancing a full-time job unrelated to real estate. In this episode, Mike generously imparts valuable insights, strategies, and advice to assist you in achieving similar success in your personal real estate investment journey.

Notable Takeaways from the Episode: 

10:36 First buy story and FHA Loan 

13:13 Common problems with college renters 

15:51 Best books to get you started in RE 

17:09 Common challenges to your first deal 

22:32 Growing in RE while working a day job 

28:54 Bringing in a partner to expand in the early days 

36:55 Inspiration from Bigger Pockets podcast 

37:20 First multifamily deal + navigating multifamily lending 

42:24 Flipping houses to build capital

49:28 Distributing quarterly distributions to investors  

52:32 Benefits of passive investing over other business and investment types 

56:43 Tips for investing in real estate while working a full-time job

If you got inspired with Mike’s mindset and want to get in touch, connect with him on LinkedIn or send him an email at [email protected] 

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Breneman Capital: https://www.breneman.com

Investor List: https://www.breneman.com/invest

Passive RE Investor Guidebook: https://www.breneman.com/downloads

Connect with Drew: https://linktr.ee/drewbreneman