44 min
#97 with Ryan McKenna: How to Scale to 10,000 Units, 1 Billion in Deals and All Through Syndication Millennial Millionaire Real Estate Podcast
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- Investing
In this episode, Jonathan Farber interviews Ryan McKenna on his journey from discovering real estate through a friend in college to managing syndications across more than 10,000 units. Ryan is a highly experienced syndicator based in Chicago, Illinois. In this episode, we get into topics like: setting goals as a beginning investor, growing your library of knowledge, how syndicators structure deals, and more!
Top Takeaways:
Setting goals at the start of your real estate career - 12:00 - 16:20
Short term and vacation rentals are a quality education and lucrative to boot
Classic single family rentals are as basic as it gets, and mastering them will help you
The things you learn along the way are the most valuable aspect at this level
Developing your skill set to reach your next objective - 17:45 - 19:00
Any connections you already have are a great place to start
Find someone to shadow in the field you want to work in
The best learning comes from participation
Structuring a deal as a syndicator - 33:30 - 40:00
Your first deal is likely your hardest so give yourself every possible advantage
Key principals will be crucial early on to make the deal lendable
While syndicators often aren’t paid up front, the pay structure is often incentivized
How to bring value to Ryan McKenna:
Connect with accredited investors
Resources:
Book by Robert Kiyosaki: Rich Dad Poor Dad
Social Links:
biggerpockets.com/users/McKennaCapital
mckennacapital.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
In this episode, Jonathan Farber interviews Ryan McKenna on his journey from discovering real estate through a friend in college to managing syndications across more than 10,000 units. Ryan is a highly experienced syndicator based in Chicago, Illinois. In this episode, we get into topics like: setting goals as a beginning investor, growing your library of knowledge, how syndicators structure deals, and more!
Top Takeaways:
Setting goals at the start of your real estate career - 12:00 - 16:20
Short term and vacation rentals are a quality education and lucrative to boot
Classic single family rentals are as basic as it gets, and mastering them will help you
The things you learn along the way are the most valuable aspect at this level
Developing your skill set to reach your next objective - 17:45 - 19:00
Any connections you already have are a great place to start
Find someone to shadow in the field you want to work in
The best learning comes from participation
Structuring a deal as a syndicator - 33:30 - 40:00
Your first deal is likely your hardest so give yourself every possible advantage
Key principals will be crucial early on to make the deal lendable
While syndicators often aren’t paid up front, the pay structure is often incentivized
How to bring value to Ryan McKenna:
Connect with accredited investors
Resources:
Book by Robert Kiyosaki: Rich Dad Poor Dad
Social Links:
biggerpockets.com/users/McKennaCapital
mckennacapital.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
44 min