The Smart Real Estate Coach Podcast|Real Estate Investing Episode 531: After $200M Raised & Why Real Estate Still Beats the S&P 500 with Mike Zlotnik
In this episode of The Smart Real Estate Coach Podcast, I sit down with Mike "Big Mike" Zlotnik, CEO of TF Management Group and host of The Big Mike Fund Podcast. Mike's journey from tech executive to full-time investor and fund manager is a masterclass in timing, risk management, and courage.
We unpack what it takes to transition from a corporate career to real estate, why masterminds are the fastest way to collapse your learning curve, and how today's commercial market offers one of the best entry points we've seen in years.
Mike also shares his expert take on market cycles, cap rates, AI's growing impact on real estate operations, and why "fear in the market" often signals opportunity for disciplined investors.
If you're serious about learning how to analyze risk, find predictable cash flow, and invest strategically in a changing economy, this episode is your blueprint.
Key Talking Points of the Episode
00:00 Introduction
01:03 Who is Mike Zlotnik?
02:20 From IT to investing: how Mike went from VP in tech to full-time investor
03:55 Are you investing to learn or learning to invest?
05:03 The power of masterminds and how surrounding yourself with the right people changes everything
06:05 Networking, knowledge, and doing business with people you know, like, and trust
07:41 Why paying for access beats free advice: Value always outweighs cost
09:08 Making the leap in 2009 during market chaos: Burnout, courage, and timing
10:03 "Be greedy when others are fearful": Why the bottom of the market breeds opportunity
11:16 Why 2025 is shaping up like 2009: Commercial real estate values today
16:10 TF Management's current strategy: Precision over volume
17:43 Breaking down a commercial deal: cap rates, spreads, and downside protection
19:02 Why triple-net industrial is a hidden gem in today's market
20:35 Finding deals nationwide through trusted relationships and not by chasing markets
22:50 How to underwrite for safety: Positive spreads and conservative leverage
23:51 The impact of AI on real estate: Efficiency, deflation, and productivity
25:39 Why AI may push interest rates lower and create new tailwinds for real estate
28:05 Mike's interest rate forecast and why the next few years favor disciplined investors
Quotables
"Are you investing to learn or learning to invest? It's always both."
"When the cycle is at the bottom and fear is high, that's when I get greedy. That's where wealth is built."
"Success isn't ready, aim, fire—it's ready, fire, aim. You just keep adjusting until it works."
Links
BigMikeFund
The BigMikeFund Podcast
https://podcasts.apple.com/us/podcast/bigmikefund/id1333666009
QLS 4.0 - Use coupon code for 50% off
https://smartrealestatecoach.com/qls
Coupon code: pod
Apprentice Program
https://3paydaysapprentice.com
Coupon code: Podcast
Masterclass
https://smartrealestatecoach.com/masterspodcast
Wicked Smart Books
https://wickedsmartbooks.com/podcast
Strategy Session
https://smartrealestatecoach.com/actionpodcast
Partners
https://smartrealestatecoach.com/podcastresources