Silicone Valley Full-Time Employee Investing In Commercial Real Estate Out Of State with Michael Kim

15/08/2023 36 min

Listen "Silicone Valley Full-Time Employee Investing In Commercial Real Estate Out Of State with Michael Kim"

Episode Synopsis

Michael became seriously interested in commercial real estate investing in 2015 and purchased his first property in February 2017. It was a 7-unit apartment building. Since then, Michael has acquired four more properties, one apartment, two mobile home parks, and one retail property. Throughout his real estate journey, Michael has continued to work a full-time job as a product manager in payment and fintech and resides in the San Francisco Bay area. He has worked in companies such as Square and Airbnb, and in his spare time, Michael likes to play golf, tennis, hike, and spend time with his wife and two young children.  Get 3 Free PDFs For Wholesaling SFR/Mobile Homes and How To Make $100,000 a Yr. On The Side Of Your Full-Time Job When You Go To: https://ericlindseyml.com/Click On This Link  For Our Free E-Book "An Introduction Into Apartment Syndication Book:"  https://moonlightcre.com/ebook_download/Website: http://Ericlindseyml.comClick On The Link Below To Schedule A Call With Eric: https://calendly.com/moonlightequitiesgroup/scheduled-conversationDuring this episode, you will learn about:[01:21] A bit about Michael Kim and how he started in real estate[04:44] Value add: What Michael is doing and focusing on in the real estate[06:02] The downsides that Micahel experienced investing in mobile homes parks [10:10] Why Michael uses personal money for his investing strategy [14:28] How Michael has been able to buy properties while working a full-time job [16:35] How Michael located, accepted, and sold his first apartment complex[19:36] Michael's value-adding components and strategy for his apartment[24:03] Two things that Michael wishes he had known when he was starting out[26:19] How Michael was able to keep his real estate thriving along with his W2 job [30:16] How to start a successful business in real estate with a limited amount of time[31:40] How to scale your real estate portfolio while maintaining your W2 income [33:10] With just $100, Michael would leverage it to make money ASAP![34:35] The best moonlighting book that Michael recommends[36:10] How can you reach out and connect with MichaelNotable Quotes:You don’t have to be smart like Elon Musk to be successful in real estate; you have to be relentless and do what average people do but do every day.Investing in mobile parks causes you to build solid systems and handle different situations. If you are passionate, you will always find a way to make it work Trust but verify, and don’t hesitate to ask sensitive questions during diligence Do jump in without thinking first;  get to know what you are jumping into and the end goal. Resources Mentioned:How to Win Friends & Influence People by Dale Carnegie: https://amzn.to/3k4l4VpLet’s Connect:Michael KimEmail: [email protected]

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