EP144: From Knoxville, TN Farm to New York Real Estate Investor and Agent | Cory Wayne | High Line 2 Hamptons

In this episode of The Millionaire Choice, Tony talks with Corey Wayne as he shares his transformative journey from growing up on a farm in Tennessee to becoming a successful real estate entrepreneur in New York City. Corey discusses how his farming background instilled a strong work ethic and a unique perspective on property values, which he leveraged to navigate the competitive NYC real estate market. The episode delves into the intricacies of real estate investing, highlighting the differences between New York City co-ops and other markets, and offering strategies for scaling investments and creating passive income. 

Gain valuable insights into the benefits of passive income and the significance of long-term planning over market timing. Corey shares his experiences with rental strategies, including multi-family properties and condos, and offers advice on property management and tenant selection. The episode also covers the use of tools like the 12 Week Year for financial planning, and Corey provides resources for learning about personal finance and real estate investing. 

TAKEAWAYS

• Corey’s transition from growing up on a farm in Tennessee to becoming a full-time NYC real estate agent
• The significance of understanding land and property values in different markets
• How to approach real estate investing in secondary markets like Knoxville or Syracuse
• The benefits of passive income and scaling your real estate portfolio
• Insight on rental strategies, including multi-family properties and condos
• The importance of not trying to time the market but rather focusing on long-term planning
• How to leverage tools like the 12 Week Year for effective financial planning
• Practical tips on property management, tenant selection, and avoiding common pitfalls

CONNECT WITH COREY WAYNE at highline2hamptons.com

Resources & Links:

• The 12 Week Year by Brian P. Moran
• Understanding Co-op Properties

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