94: House Hacking, Partnerships, and Investing in Multifamilies While Working a Full Time Job with Michael Siekerka | Bigger Pockets Podcast

Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it’s all a learning experience, which is why we want you to get to know a master at both, Michael Siekerka. 
Michael’s first real estate investing experience was just six months after he graduated college, when he occupied his first purchase by doing a fix and flip. After years of rehabbing properties by partnering with friends for quick income, he eventually found his niche in buy and hold properties. In this informative episode, Michael shares with us how he manages his properties, the criteria he uses to find new places to rent out and the methods he follows to work successfully with hard money lenders and agents to boost his revenue. This is a show to hear if you’re in the market for success!
In This Show We Cover:

How to partner with friends correctly

How to go from a fix and flip business plan to buy and hold properties

Learning to finance correctly

The dangers of using hard money lenders

The pros of working with a real estate agent

How to handle a basement leak — after the property is on the market

Collaborating with commercial lenders

Why working a job AND investing can be an ideal setup

Making sure you have a Plan B

The positives of working with a showing agent

How his focuses have changed since his first purchase

Importance of vetting tenants

Why you should get references for prospective property managers

And lots more!

Links from the Show

Hotpads

Postlets

BiggerPockets.com/analysis 

The BiggerPockets Forums

Online Rent Pay Tools Mike Recommends

Intuit

Google Wallet

Chase QuickPay

Books Mentioned in the Show 

Commercial Mortgages 101 by Michael Rinehart

Tim Ferriss’s The Four Hour Work Week

Connect with Mike

Mike’s Website

Mike’s BiggerPockets Profile

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