SPC104 - Interview - Brad Tacia - Mechanical Engineer transitions from SFH to MFH

YouTube Link: https://youtu.be/Z0SM21dLsCcText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Doing one house gets you started to gain momentumHan solo moment was went when into MFHAt first wife was nervous in the beginning but with success came on boardMoved to MFH when had 5 units and 2k in cashflowSFH is the way to go to learn to rent and pick out a property manager but its a personal questionWorse moment was seeing 2008A pain point that forces people to make a changeWorking up to expenses plus 20kDo a little bit each daySet goes every year - 40-50 goals - review once a weekPersonal BackgroundGrew up in Oxford, MichiganGraduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical EngineeringMarried to wife, Lindsay and have 3 kids togetherStarted engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager Currently a program manager for automotive supplier BremboReal Estate ProjectsPurchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord”First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014Bought 12 apartment units in Monroe, Michigan in 2015Bought 12 more apartment units in Monroe, Michigan in May 2016In due diligence on a 63 unit apartment building in Lansing, MichiganGoal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspectingSuccess HabitsKeep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & ExpensesList out yearly goals for family, finance, health, learning and track each weekMake sure to do things daily to get closer to goalsDave Ramsey Lifestyles UnlimitedREIs for networkingChecklistsBooksMillionaire Real Estate Investor – Gary KellerRich Dad Poor Dad – Robert KiyosakiThe Complete Guide to Buying and Selling Apartments – Steve Berges48 Days to the Work You Love – Dan MillerWhat Color is Your Parachute - Richard Bolles The Slightest Edge - Jeff OlsonCompound Effect - Darren HardyQuotes“Leverage is key to wealth” – In regards to money, time, knowledge“Money is on the other side of fear”“Most people overestimate what can be done in the short term and underestimate what can be done in the long term”“If you give a house a cookie…”"What gets measured gets done"“Spectacular achievement is always preceded by spectacular preparation”“Those who say it can’t be done should get out of the way of those doing it”“Go as far as you can see, once you get there, you will see farther”“Play the game of money to win, don’t play not to lose”“Don’t quit when you are tired, quit when you are done”“Make sure your ladder to success is on the correct wall”Contact InfoEmail: [email protected] & Linked In – Brad TaciaFacebook Page - Apartment Investors of Michigan Hosted on Acast. See acast.com/privacy for more information.