Mike Bednarz, an accomplished real estate investor and HVAC business owner, joins us to share his inspiring trajectory of growing a real estate portfolio and overcoming a scary accident!
Mike explains how he lived frugally to save a down payment and buy his first multifamily investment property in Edison Park. He discusses the discipline he used to acquire his second property and how he found a niche in mixed-use properties with leasing up local retail spaces. Mike shares a life changing incident where he fell off a ladder while working for his HVAC company that resulted in life threatening injuries. He breaks down his recovery despite doctors doubting that it was possible and bouncing back stronger than ever. This is the definition of an inspirational conversation around discipline and grit that you will not want to miss!
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05:09 Housing Provider Tip - Understand the Illinois Landlord Retaliation Act!
06:51 Intro to our guest, Mike Bednarz!
15:40 Jumping into a 6-unit after a house hack!
21:32 Finding a niche in mixed-use buildings.
23:36 Mike’s scary accident.
31:58 Mike’s history of discipline.
35:47 What’s next for Mike and the meaning of purpose!
43:35 What is your competitive advantage?
44:57 One piece of advice for new investors.
45:37 What do you do for fun?
46:20 Good book, podcast, or self development activity that you would recommend?
47:42 Local Network Recommendation?
48:46 How can the listeners learn more about you and provide value to you? ----------------------------------------------------------
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Mike Bednarz
Guest Company: WIT Properties & Bedco Mechanical
Guest Link: https://www.linkedin.com/in/michael-bednarz-97634038
Other Links for show notes:
Eat That Frog (Book Recommendation)
