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Ep43 - Real Estate is not a Millionaires Game with Tim Kelly
Manage episode 301883893 series 2976410
Real estate investing is often referred to as a millionaire's game. The truth is, anyone who is dedicated to learning and has a strong faith in achieving big goals can build an empire and a powerful cash flow machine.
Steps to begin your journey into real estate:
- Become familiar with the basics of real estate investing.
- Understand how to structure deals.
- Share it with people.
- Create a partnership.
In today’s episode of the Expert(ish) Podcast, our guest, Tim Kelly will share how he's been able to do real estate investing while being on active duty. He will also discuss in detail the relationship between faith and mindset in achieving big goals, the impact of time management on success, as well as many other tips and hacks on how to achieve financial freedom through real estate investment.
Tim Kelly is the VP of Education and Co-Owner of Active Duty Passive Income (ADPI). He is helping active, veteran, reserve, and other military affiliated personnel realize their financial freedom goals through real estate investing. Tim also co-authored the #1 Best Selling book with ADPI titled: Military House Hacking!
Enjoy!
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In This Episode
00:36 - Backstory of Tim Kelly
6:19 - The myth most people have about real estate investing
7:43 - Tim's mindset toward setting big goals
12:15 - Why time management is critical to success
16:54 - An in-depth look at mobile home park investment
25:55 - How to own a free copy of the bestselling book, Military House Hacking
31:32 - Tim's time blocking and management techniques
39:31 - Another great way to invest in real estate besides using a VA loan
48:09 - Tim's advice for people from all walks of life
Favorite Quote
"If I can do that stuff, anybody can. And if you don't think you can, you are making up excuses that you don't have faith in yourself. And until you have faith in yourself, that's when you're going to start seeing some success." - Tim Kelly
"It's not all about money. It's all about the time and the freedom that you get when you have a lot of streams of income. And when you have a lot of streams of income, you have more choices, more abundance. You could deliver more value to more people and you can help more people." - Tim Kelly
"Many people think that you need millions of dollars, a ton of experience and a lot of time in order to be an owner in a large multi-family deal or like a big apartment complex. You just need a little bit of knowledge that anybody could learn and then you just need to understand how to structure deals and put deals together." - Tim Kelly
"Most people have set large goals but they don't have the faith that they could actually take it down. So they don't have the confidence to start making steps to take action. It all comes down to faith." - Tim Kelly
"You could morph your mindset and you could transition and literally change your mindset to be a completely different, way more successful and happier person." - Tim Kelly
"Never park your cash in a car or a mobile home that goes down in value. Park your cash in an asset that appreciates every single month, that goes up in value, and that you could borrow other people's money to go buy." - Tim Kelly
"Until you have faith in yourself, that's when you're going to start seeing some success. You need to hang out with other people who have faith in themselves and who are taking action on that faith and who are not being selfish, but they're building wealth for legacy and the generations behind them." - Tim Kelly
"Choose wisely who you hang out with because those are the people that you will directly reflect and emulate without even thinking about it." - Tim Kelly
Engage with Tim Kelly
Call or Text (847) 910-9161
Active Duty Passive Income Website
Active Duty Passive Income Podcast
Connect with JAY JOHNSON
Call (858) 925- 4536
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