Weiss Advice
Weiss Advice
Raising a Family and Multifamily Portfolio with Kimberly McCall
What are the biggest challenges and rewards of balancing family, real estate investments, and multifamily syndications? Today, Kimberly McCall discloses her inspiring journey from humble beginnings on a reservation to becoming an active multifamily investor. She discusses the challenges of flipping houses while balancing a growing family and how she transitioned into multifamily investments. Kimberly provides insights on networking, mentorship, and adding value to others. She also dives into asset management, her passion for creating strong operational teams, and how she involves her children in the business.
[00:01 - 07:52] From Flipping to Multifamily
- Embrace humble beginnings and use them as motivation
- Flipping houses can teach invaluable lessons, but it's not the end game
- Reading foundational books like Rich Dad Poor Dad can shift your mindset
[07:53 - 14:50] Passive Income and Syndications
- Multifamily offers better opportunities for passive income
- Hard money lending can be stressful; look for more sustainable options
- Partnering with experienced syndicators accelerates learning
[14:51 - 21:27] The Backbone of Multifamily Success
- Asset management is essential for protecting and growing investor capital
- A strong operational team is just as important as raising capital
- Building repeat relationships with investors is key to long-term success
[21:28 - 28:25] Teaching Kids Real Estate Skills
- Including children in the business builds entrepreneurial skills early on
- Practical involvement, like helping with underwriting, can teach valuable lessons
- Real estate can be a family business, even for young children
[28:26 - 35:04] Creating Value for the Community
- Building a strong network can open doors and create opportunities
- Virtual meetups offer flexibility and inclusivity for participants
- Providing value to others is a core principle in any business venture
Connect with Kimberly:
LinkedIn: https://www.linkedin.com/in/kimamccall/
Instagram: https://www.instagram.com/knicemkw
Facebook: https://www.facebook.com/kamccall
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WHERE CAN I LEARN MORE?
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Tweetable Quotes:
"Asset management is the backbone of real estate investments. Without a good operational team, you can lose both investors and tenants." - Kimberly McCall
"Multifamily real estate is not a one-person show; asset management is a team effort." - Kimberly McCall