Mark & Tamiel Kenney are real estate investors with 25 years of multifamily experience. Think Multifamily’s mission: Help people retire early though real estate investing.

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Resources

ThinkMultifamily.com – Learn more about how you can preserve & grow your wealth using real estate!

Tamiel’s Email – Connect with Tamiel!

3 Value Bombs

1) Don’t focus on becoming an expert on things that you don’t like.

2) Leaving a legacy is more than just leaving money to somebody; it’s leaving something of value that can change a life, a family, or a community.

3) When looking for a mentor or a partner, make sure you are not compromising your own character or values.

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Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Cracking the Code in Apartment Investing with Mark and Tamiel Kenney

[0:56] – Tamiel shares something about herself and Mark that most people don’t know.

• They are both twins. Mark has an identical twin and Tamiel has a fraternal twin.

[1:57] – Why would somebody want to invest in apartments?

• They started out with investing in stocks and bonds, but realized quickly it was more logical to have a house to live in versus a piece of paper.

[4:34] – How realistic would it be for new real estate investor to start with large apartments?

• Match up your skills with somebody who has skills you do not have, and work together as a team. Then you can take on larger projects.

[6:17] – Why do some people win and some lose in the real estate niche?

• If you are in the business long enough there is a good chance you are going to have a loss.
• Training, practice, and having experience is very important.

[8:23] – What is the best way to partner up with someone who has experience?

• You need to develop a skill that is valuable to other people.
• Figure out what you’re good at, what you like, and what you don’t like… Don’t focus on becoming an expert on things that you don’t like.
• If two people in a partnership think exactly the same, one of them is unnecessary. Look for people who complement your skills.

[11:50] – Tamiel, talks about Active Investing versus Passive Investing. Which is better for Financial Freedom: Active or Passive Investing?

• You can be an Active Investor even if you’re a Passive Investor.
• Active Investing is the best way to financial freedom.

[13:23] – Mark gives an example of Passive versus Active Investing.

[16:25] – A timeout to thank our sponsors, ZipRecruiter and ClickFunnels!

[18:50] – What is it like working with your spouse?

• It gets rough some days, but what matters is how you work around your challenges. It’s all about growing personally and growing together.

[22:16] – How and why are you getting your kids involved in the business?

• To build a family legacy; it’s not just one person going out and creating income for the family – it’s getting the whole family involved.
• Leaving a legacy is more than just leaving money to somebody; it’s leaving something of value that can change a life, a family, or a community.

[25:15] – Is there a benefit to working with a coach?

• There is; an experienced coach will help you identify potential issues much faster than someone who is new to the business.

[28:17] – How is your coaching different than others?

• They are very responsive and more involved.
• It’s not just business for them, but a family.

[31:36] –Mark and Tamiel’s parting piece of guidance

• The culture of any group stems from its leadership. Family and family values are very important. Nobody gets left behind.
• Get good at something quickly, and then start adding value to other people; find somebody that is doing what you want to do and partner up with them
• When looking for a mentor or a partner, make sure you’re not compromising your own character or values.

[33:41] – Learn more about Mark and Tamiel!

• ThinkMultifamily.com – Learn more about how you can preserve & grow your wealth using real estate!
• Tamiel’s Email – Connect with Mark & Tamiel!

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