E150: Passive Investing 101 - Ryan McKenna

Getting started in the real estate game can be super tough, but this week our special guest is Ryan McKenna and we dive deep into the challenges of investing and how we can overcome them.  Ryan advises us on how to start investing, what to look for when vetting sponsors, how you should look at investing long term and much more. This episode is packed with amazing advice and information from a top pro investor and guess what… it’s completely free.Ryan is a successful entrepreneur and experienced real estate investor active in the multifamily apartment space and is currently invested in 50+ real estate and business syndications with a total portfolio value over $1 billion. Real estate investing has always been a passion of his as he's fascinated by the concept of creating passive income to achieve financial independence and wants to help others do the same.Ryan earned his MBA at the University of Notre Dame's Mendoza College of Business and is a former student-athlete of Arizona State University, having played baseball for the Sun Devils (2001-2004) and graduating Magna Cum Laude, with a Bachelor's Degree in Business & Communications.Join us this week and receive this FREE advice from a real investing pro. If you’re just starting out in the investment game and haven’t decided which path to take yet, then this episode is tailor made just for you! KEY TAKEAWAYS1. Be fully committed and if change happens then go full throttle in the next direction.2. It's very very difficult to be a part time active investor. 3. It's better to learn to be a passive investor first and then head into active once you have more experience.4. Focus on your expertise.5. The people matter most. Look at the team and it's track record before the numbers. 6. Look for transparency in the sponsor and ask what challenges they've faced and how they overcame them. Don't be afraid to ask questions!7. Try expanding your portfolio and look at multiple deals. 8. Investing is for the long game… don’t try to make millions overnight. BOOKSRich Dad Poor Dad - Robert T. Kiyosakihttps://amzn.to/3ie8zV2Essentialism - in pursuit of doing less - Greg McKeownhttps://amzn.to/35dDi0t LINKShttps://www.mckennacapital.com/https://www.instagram.com/mckennacapital/https://www.facebook.com/McKennaCapital/