Mon, 27 December 2021
The more truth you put to any problem, the easier it is to solve. So, if you want to quit your W-2 job, start by doing the math. Because once you know how much you need to cover your living expenses, it’s just a matter of building your multifamily portfolio step by step until you achieve financial freedom.
Mandy McAllister is Managing Member of Good Fortune Capital and Cofounder of the Aspiring Women Achieving More community. After years of chasing a commission, Mandy retired from her 9-to-5 in medical device sales to pursue multifamily investing full time. Today, she’s on a mission to help others define their own path to financial freedom.
On this episode of Financial Freedom with Real Estate Investing, Mandy joins cohost Garrett Lynch and me to share her take on the different levels of financial freedom, describing how she calculated her freedom number—and achieved it 12 months later. She explains why she started small, working her way up to large multifamily properties acquired in joint venture partnerships. Listen in for Mandy's insight on securing debt to match your business plan and learn how to leverage multifamily investing to break free of YOUR golden handcuffs and live a life by design!
When Mandy started thinking about quitting her job
Mandy’s take on the different levels of financial freedom
How Mandy financed her multifamily deals
How to decide whether to start small or go big right away
What Mandy looks for in a multifamily deal
What Mandy looks for in a joint venture partnership
Why Mandy sees long-term debt as the ultimate flexibility
What Mandy is doing to ensure consistent deal flow
Where Mandy is looking to invest right now
How COVID influenced Mandy’s decision to quit her job
What Mandy is looking forward to moving forward
Connect with Mandy McAllister
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP298.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT