Do you want to escape the Wall Street Casino and invest in real, tangible assets? Want to achieve financial independence on YOUR schedule and not someone else’s? Want to invest in real estate without having to manage tenants, fix toilets, or exterminate termites? Look no further and tune into the Passive Wealth Strategy show today. We’re setting the Real Estate world on FIRE, helping busy professionals build their passive wealth and passive income with real estate.
Episodes
Monday Oct 03, 2022
Escaping the W-2 with Remote Flips, Affordable Housing, and more
Monday Oct 03, 2022
Monday Oct 03, 2022
Kevin Dugan is a serial entrepreneur with a diverse background in building remote teams, acquiring underperforming assets, construction management, asset management, and managing assets and construction.
He is currently the Managing Partner of Altus Investment Group, a fast-growing private equity firm with 35AUM that specializes in acquiring, repositioning, operating, and selling residential and commercial properties that are underperforming. These investments have yet to achieve their full potential due to poor management, operational inefficiencies, or outdated materials. His team implements systemized improvements and proven processes to maximize the net income of the assets. Altus is vertically integrated with in house property management, full-time general contractors, and an acquisition group.
Kevin is passionate about educating others to achieve financial freedom. He is the co-founder of MultiFamilyMasters.com, one of the fastest-growing multifamily meetup communities in Los Angeles, which now has over 8,000 members.
[00:01 - 09:52] Opening Segment
- Kevin shares about how he got his start in real estate and getting inspired by the purple book
- Remote investing in Chicago while living in LA
- Being able to bring value to a deal by providing capital all while living across the country
- Valuing your time and educating yourself before starting in real estate
[09:53 - 17:48] Making the Switch to Affordable Housing
- It takes hard work and sacrifice to be a business owner
- Transitioning from remote investing to affordable housing and rental properties
- Dealing with difficult tenants and assessing high quality residents for the property
[17:49 - 23:40] Investing and Getting a Return on the Property
- Raising capital and helping others grow their investment
- Acquiring properties at a discount while having multiple exit strategies in place
- Invest during a recession and get a job to help open opportunities
- Investing time in real estate can help you attain financial freedom
[23:41 - 29:36] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- First property he purchased with his mom in 2017
- Kevin Dugan’s worst investments
- Quitting his job in 2019
- What is the most important lesson you’ve learned in business and investing?
- Invest in your education and in people
Connect with Gualter Amarelo through LinkedIn, and email kdugan@altusig.com
Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.
Join our Passive Investor Club for access to passive commercial real estate investment opportunities.
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Tweetable Quotes:
“Ultimately, if you're in real estate long enough,you're gonna deal with some bad apples regardless.The question is, how do you make sure that you find the highest quality people who will hopefully take care of the property as long as possible. ” - Kevin Dugan
“Continue to invest. So what I mean by that is it's not necessarily putting your money out there, it's investing in your education, investing in people, investing your actual hard earned money. So really embracing the idea of a growth mindset and continuing to place both your time capital and actual capital into items that are gonna allow you to gain your financial freedom.” - Kevin Dugan
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