Welcome back to another episode of the REI Mastermind Network! I'm your host, Jack Hoss, and in today's episode, we have a very special guest joining us - Mike Kaeding, the innovative mind behind norhart.com. Mike and his team are revolutionizing the multifamily investing industry with their unique approach focused on tackling housing affordability and driving down costs. Through their innovative strategies, they have achieved an impressive 20-30% reduction in construction costs and have their sights set on reaching a 50% reduction in the near future. Mike's journey in the industry is equally fascinating, as he initially had no interest in joining his family's small multifamily building business. However, after his father's passing, he stepped up to the challenge and has been leading the charge ever since. Join us as Mike shares his insights into their groundbreaking techniques, their commitment to improving labor productivity in construction, and their mission to make a positive impact in the world through housing affordability. We'll also delve into Mike's podcast, "Becoming a Unicorn," and how he balances work and family life. So, grab your headphones and get ready to dive deep into the world of innovative real estate investing with Mike Kaeding on this inspiring episode of the REI Mastermind Network!
Connect with Mike Kaeding: https://www.norhart.com/
Mike Kaeding and his innovative approach to multifamily investing
Mike Kaeding's background and journey in the multifamily business
The importance of hiring the best employees and continuous improvement
Mike Kaeding's personal values and priorities
Mike Kaeding's podcast and beliefs on making a positive impact
Breaking out of the reactionary cycle and establishing goals
Mike Kaeding's efforts to solve housing affordability nationwide
Mike Kaeding's recommendations and lessons learned
The Keeper Test and investing in employees and technologies
Communicating unique company values and a new investment platform
Challenges in the reg a space and lessons learned
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack