In E010 Kellan discussed how he went from zero to approximately $10,000/month in positive cash flow by investing in multifamily properties following the “one percent rule”. Kellan wasted no time getting started and managed to acquire 32 units in just 2.5 years and he managed to achieve financial independence in roughly one year. Yes, that’s right, ONE YEAR! You read that correctly and that sure beats the 45 year retirement plan taught to us in school.
Key Contacts:
Kellan Paniccia on instagram @kellan.pan
Andrew Hines on instagram @theandrewhines or by email at andrew@andrew-hines.com
Key Concepts Discussed in this episode are as follows:
- multifamily investing
- the BRRRR strategy as it applies to multifamily
- tenant turnover and the “cash for keys” strategy
- increasing the value of your building through rent increases
- mindset and networking strategies that get results
- Finding off-market deals
- finding deals on the MLS
- succeeding in any type of market
This episode is pure gold for anyone who needs a good mental “kick” to get into the right headspace and excel regardless of market conditions.
Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
