{"id":64325,"date":"2014-10-30T00:04:44","date_gmt":"2014-10-30T06:04:44","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=64325"},"modified":"2023-04-12T05:54:04","modified_gmt":"2023-04-12T11:54:04","slug":"2014-10-30-house-hacking-partnership-multifamily","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-10-30-house-hacking-partnership-multifamily","title":{"rendered":"House Hacking, Partnerships, and Investing in Multifamilies While Working a Full Time Job with Michael Siekerka"},"content":{"rendered":"<p>Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it&#8217;s all a learning experience, which is why we want you to get to know a master at both, <strong>Michael Siekerka.\u00a0<\/strong><\/p>\n<p>Michael&#8217;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\u00a0rehabbing properties by partnering with friends for\u00a0quick 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&#8217;re in the market for success!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp94-michael-siekerka-podcast-transcript-house-hacking-partnerships-multi-family-investing\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC2354736095&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show We Cover:<\/h2>\n<ul>\n<li>How to <strong>partner<\/strong> with friends correctly<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-41804\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"215\" height=\"215\" title=\"\"><\/a><\/li>\n<li>How to go from a fix and flip business plan to\u00a0<strong>buy and hold properties<\/strong><\/li>\n<li>Learning\u00a0to <strong>finance<\/strong> correctly<\/li>\n<li>The<strong> dangers<\/strong> of using hard money lenders<\/li>\n<li>The pros\u00a0of working with a real estate <strong>agent<\/strong><\/li>\n<li>How to handle a <strong>basement leak<\/strong> &#8212; after the property is on the market<\/li>\n<li><strong>Collaborating<\/strong> with commercial lenders<\/li>\n<li>Why working a job AND investing can be an ideal setup<\/li>\n<li>Making sure you have a <strong>Plan B<\/strong><\/li>\n<li>The <strong>positives<\/strong> of working with a showing agent<\/li>\n<li>How his focuses have changed since his <strong>first purchase<\/strong><\/li>\n<li>Importance of<strong> vetting tenants<\/strong><\/li>\n<li>Why you should\u00a0get<strong> references <\/strong>for prospective property managers<\/li>\n<li>And lots more!<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a title=\"Hotpads\" href=\"http:\/\/hotpads.com\/\" target=\"_blank\" rel=\"noopener\">Hotpads<\/a><\/li>\n<li><a href=\"https:\/\/postlets.com\/\" target=\"_blank\" rel=\"noopener\">Postlets<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/analysis\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets.com\/analysis\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">The BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Online\u00a0Rent Pay\u00a0Tools Mike\u00a0Recommends<\/h2>\n<ul>\n<li><a href=\"https:\/\/paymentnetwork.intuit.com\/\" target=\"_blank\" rel=\"noopener\">Intuit<\/a><\/li>\n<li><a href=\"https:\/\/www.google.com\/wallet\/\" target=\"_blank\" rel=\"noopener\">Google Wallet<\/a><\/li>\n<li><a href=\"https:\/\/www.chase.com\/online-banking\/quickpay\" target=\"_blank\" rel=\"noopener\">Chase QuickPay<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<b>\u00a0<\/b><\/h2>\n<ul>\n<li><a href=\"http:\/\/www.commercialmortgages101.com\/\" target=\"_blank\" rel=\"noopener\">Commercial Mortgages 101<\/a>\u00a0by Michael Rinehart<\/li>\n<li>Tim Ferriss&#8217;s <a href=\"http:\/\/fourhourworkweek.com\/\" target=\"_blank\" rel=\"noopener\">The Four Hour Work Week<\/a><\/li>\n<\/ul>\n<h2>Connect with\u00a0Mike<\/h2>\n<ul>\n<li><a href=\"http:\/\/www.RinnovateKY.com\" target=\"_blank\" rel=\"noopener\">Mike&#8217;s Website<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/msiekerka\" target=\"_blank\" rel=\"noopener noreferrer\">Mike&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it&#8217;s all a learning experience, which is why [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-64325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/64325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=64325"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/64325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119495"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=64325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=64325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=64325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}