Ep 31: Invest in Real Estate With a Full-Time Job - Mike Hennig

Mike Hennig has been a part-time real estate investor since 2007. His portfolio is anything but part-time, as Mike owns 96 units across 15 different properties in Chicagoland and Northwest Indiana with just under $10mm in real estate value.
For the last five years, Mike has worked as a management consultant with Gallup Inc. and, before that, as an executive with a trading firm at the Chicago Board of Trade.
Even though these roles are outside of the real estate industry, they have allowed Mike to earn income which he has then put to work as a real estate investor.
He built his portfolio slowly while working a day job outside the industry. In this episode, he shares valuable tips and tricks to help you do the same in your personal real estate investment pursuits.

Timestamps
0:00 Intro
4:30 First buy story and FHA Loan
7:00 Common problems with college renters
10:00 Best books to get you started in RE
14:00 Common challenges to your first deal
16:00 Growing in RE while working a day job
22:00 Bringing in a partner to expand in the early days
28:00 Generational wealth picture
31:00 Inspiration from Bigger Pockets podcast
31:30 First multifamily deal
34:00 Navigating multifamily lending
37:15 Flipping houses to build capital
42:00 Distributing quarterly distributions to investors
48:00 Benefits of passive investing over other business and investment types
50:00 Tips for investing in real estate while working a full-time job
54:00 Closing

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The Rise and Invest Podcast is hosted by Drew Breneman, real estate investor and founder of Breneman Capital. Drew began his real estate career at just 19 years old when he bought his first two rental properties. At that early age, he learned real estate was the best method to generate cash flow and build wealth long-term when he was looking at how to invest his own money. He has since dedicated his career to building an organization that makes investing in high-quality real estate opportunities available to passive investors.

His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.

Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.

Get started today as an investor or learn more at: https://www.breneman.com
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