In this episode, you will learn:
• Mike’s brief bio
• What Mike considers as the best investment there is
• What Mike’s philosophy is as an investor
• What Mike thinks about cryptocurrency
• The best investment that one can make
• What Mike is so excited about
• Mike’s horizontal income to net worth ratio
• Mike’s biggest area of growth since he joined GoBundance
• Mike’s giving back ratio
• Mike answers a random question from the GoBundance app
• Plus, so much more!
Mike Hananel is the slayer of dead equity. He is an investment specialist particularly in the arena of multifamily buildings (apartment buildings). Mike works with buyers, sellers, and owners, helping them connect resources with opportunities that they might not see on their own. Over half of the business Mike does is with repeat clients who just want an expert on their team handling the critical transactions.
Mike makes people passive income; more than they could ever make with a job alone. It's what he does.
Mike came into this from the business world, primarily the fragrance and beauty sector. He oversaw the finance and operations of the company that launched Michael Jordan Cologne. Later, he built an Internet company that sold to Estee Lauder in New York. Mike mentions all of that because you'll know in one conversation with him that he runs investments like a business. Everything relates to your bottom line. Numbers don't lie and a good spreadsheet is a work of art.
Mike is a third-generation real estate investor and a second-generation real estate broker. It's in his blood. It's what he does. In 2002, Mike was investing in his own properties while working as Chief Operating Officer for a real estate company. During that time, they grew the number of units under management from 400 to over 2,000. Mike went on to launch Strategic Growth Real Estate as a platform to extend the valuable experiences he'd gained as an investor and property manager to people suffocating under the stress of underutilized ownership. Mike aims to create new standards in Green Living. He has already set a few records and he is eager to set a few more. Mike has an extraordinary team. Together they accomplish the amazing. It's what they do.
Outside of that, Mike loves his family, any time he gets to spend in Downtown LA, contributing as a member of the Young Presidents Organization… but most of all, Mike loves putting smiles on people’s faces by putting money in their pockets.