How Multifamily Can Lead to FIRE with Kelly Iannone, Ep 2

10/07/2022 27 min Temporada 1 Episodio 2
How Multifamily Can Lead to FIRE with Kelly Iannone, Ep 2

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Episode Synopsis

Our guest on this episode is Kelly Iannone, an advocate for the Financial Independence, Retire Early Community, which helps to empower individuals to take control of their finances and map out a path to becoming work-optional. Starting her journey to financial independence with the typical 401k and pensions, her growth increased exponentially as she pivoted into multifamily real estate, founding Waypoint Commercial Investment Partners together with her husband.Today, Kelly explains key points to be considered when starting multifamily investments, highlighting the role of self-education, communication, and teamwork in generating consistent passive income through real estate. Episode Topics[00:40] Meet our guest, Kelly Iannone.[01:41] How Kelly and her husband got into multifamily real estate.[05:27] Dealing with challenges in starting with multi-units; Financial Literacy [12:40] The importance of practicing multifamily real estate as a team sport. [15:56] Kelly's approach to Passive Investment through Property Management. [18:40] The role of communication with her husband in pooling resources together and maximizing investment opportunities. [21:58] Being pressured to invest in a specific deal is a red flag. [22:52] Kelly's advice to every multifamily investor; Start now, start small.[25:17] Success is being able to separate time from money and building multiple streams of income. [26:15] Connect with KellyNotable Quotes-       "We discovered the Financial Independence Retire Early (FIRE) community, which really resonated with the two of us to be able to have the option, to spend more time with our friends and family, and to do things that we're passionate about."  - Kelly Iannone -       "If you're feeling pressure to invest in a deal from the other person, from whoever is the operator, that should be a red flag. "  - Kelly Iannone-       "Just start investing, because the beauty of compound interest is over a period of time it snowballs, it grows. And it really turns into something beyond your wildest dreams."  - Kelly Iannone -      "I tell everyone that multifamily is a team sport. Most people who are in multifamily probably started out with either a single-family or small multifamily and that is something that you can quite literally do yourself. In multifamily, I have found that is not the case. I have yet to meet a syndicator that is doing all the roles themselves."  - Tim Little ResourcesBiggerpockets.comConnect with Kelly IannoneOn LinkedIn - www.linkedin.com/in/kelly-iannone-1944b316 [26:24]Kelly's Syndication Website: www.waypointcip.com [26:36]👉 Connect with Tim Linkedin: Tim Little Instagram: @tim_at_zana Email: [email protected] Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate Get your Passive Investor's Cheat Sheet FREE Subscribe, Rate, and leave a review here 🌟https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

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