Aug 29, 2022
In today’s show, Pancham interviews Mike DeHaan - a real estate investor, lead generation master, systems specialist, and host of Collecting Keys Real Estate Investing Podcast.
After realizing that being a corporate engineer was not for him and began to explore other business opportunities, he became acquainted with investing and quickly recognized the power of real estate and its income potential! Today, he continues to build scalable and repeatable systems and expand his rental portfolio.
In this episode, gain new knowledge as he shares his story of generating passive cash flow and building scalable systems through real estate investing. He’ll also unpack his perspective on finding his niche and the importance of partnering with others when exploring investing opportunities.
Listen and enjoy the show!
Quote:
“Life is pretty short. That sort of put me down a path of wanting to explore new things. So that's when I actually started looking at different forms of investing and business opportunities.”
Timestamped Shownotes:
- 0:39 - Pancham introduces Mike to the show
- 1:54 - Giving up employee benefits to start a real estate investment firm
- 5:10 - On exploring business opportunities and discovering real estate
- 10:51 - Discovering his niche of buying rental properties at a discount
- 15:50 - How partnering with others will help scale up your business faster
- 19:51 - First deal vs. current deal and how he analyzes his deals
- 26:29 - How morning walks help with his productivity
- 29:24 - Taking the Leap Round
- 29:24 - His first property investment outside of Wall Street
- 29:57 - Overcoming his fear of losing his partner’s investment
- 31:04 - How a renovation mistake ended up with losing money
- 32:02 - Why you should invest in assets that really interest you
- 32:57 - How you can connect with Mike
3 Key Points:
- Listening to podcasts can provide you with an understanding of what it's like to invest in real estate and what benefits are available for you.
- Having a partner when investing is beneficial, especially when you are just starting out because it allows you to learn how the industry works and gain opportunities.
- It's difficult to leave your W2 job, especially with golden handcuffs. But once you've done it, it's actually easier than you thought.
Get in Touch:
- Collecting Keys Real Estate Investing Podcast - https://collectingkeyspodcast.com/
- Mike DeHaan Instagram - https://www.instagram.com/mike_invests/
- Mike DeHaan Email - mike@collectingkeyspodcast.com
- The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
- Pancham Gupta Email - p@thegoldcollarinvestor.com
Book:
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss - https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357