In this episode, we sit down with Mike McManus, a former top 5% urologist who pivoted from a successful medical career into the world of commercial real estate. Mike shares his journey of transitioning from the ski slopes, to the operating room, and finally to becoming an entrepreneur and real estate investor in Salt Lake City.
He opens up about how he built alternative income streams while practicing medicine, what led him to leave his high-earning medical career, and why he's now focused on retail and industrial properties. Mike also discusses the importance of building a strong team, the challenges in today's real estate market, and how business owners can approach investing strategically for long-term success. Whether you're in the medical field or simply interested in real estate, Mike’s story is a testament to embracing change and taking calculated risks.
Mike McManus is an entrepreneur, semi-retired urologic surgeon, and advocate of investing to become work-optional.
In 2009, Mike began real estate investing with a house hack during medical school. He then invested in and managed single-family and small multifamily properties. He transitioned to commercial real estate (CRE) because of the scalability. He is currently a passive and active investor in syndications that own multifamily, retail, industrial, and land entitlement projects.
With over 25 years in real estate investing, he’s witnessed the housing bubble of the early 2000s, the multi-family syndication bubble of 2010-2022, retail real estate’s struggle and resurgence, the decline and revival of industrial CRE, and the fall of downtown office spaces with the rise of suburban offices. This experience has given him first-hand insight into multiple real estate asset classes going full cycle.
Reach out to Mike: https://thefortresscapital.com/
Check his podcast: https://surgeonsyndicate.com/
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Connect with Ginny Bolling on LinkedIn https://www.linkedin.com/in/ginnybolling
Pivot to Prosperity is a podcast that is sponsored by Pivotal Real Estate Investments, which focuses on helping investors build wealth and income through commercial real estate that improves communities. To learn more, visit www.PivotalRealEstateInvestments.com/contact-us
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