Black bears, Fritos, and Multifamily Investing with Greg and Kim Scully

Join Matt and Steve as they chat with Greg and Kim Scully about the importance of knowing yourself as an entrepreneur and the value of partnerships in advancing your career in multifamily investing. Greg and Kim are entrepreneurs, investors, and teammates at Real Wealth Solutions. While Greg co-founded Real Wealth with Darren Light, Kim manages operations as the company’s principal. Here, they actively seek both flipping and multifamily investment opportunities in central and eastern Tennessee. As for their portfolio, Greg and Kim have an ownership interest in more than 150 units in Tennessee and Indiana, all while participating in land development projects in South Carolina. Today, they share their thoughts and experiences on how real estate and marriage are very much alike. There’s a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

•      [02:55] How Greg and Kim got started on their journey to earning passive cash flow

•      [06:22] Their motivations as individuals and as a couple to invest in long-distant properties

•      [08:47] Owning real estate properties as pieces of their legacy and generational wealth

•      [11:39] What it was like working together as a married couple in their business

•      [14:56] The problem of genuine interest when getting you and your family into real estate

•      [16:25] Significant obstacles they faced when developing their portfolio and starting their business

•      [19:29] How Greg and Kim decided that multifamily was the real estate asset they wanted to pursue

•      [23:17] The value of partnerships in advancing their career and efforts in multifamily

•      [27:27] How real estate and marriage are alike and what to avoid when partnering up with somebody for deals

•      [31:17] The importance of knowing yourself as an entrepreneur before getting into partnerships

•      [32:14] How Greg and Kim changed their portfolio management amid the pandemic

•      [38:45] The best books that Greg and Kim Scully recommend to the listeners

•      [40:11] Greg and Kim’s superpowers and how they balance each other

•      [42:40] The most significant lessons they each learned over their career

•      [45:21] Their advice on how to achieve financial freedom for the busy working professional

•      [51:08] How you could learn more or even reach out to Greg and Kim Scully

Resources:

•      Company Website

•      Greg’s HYPERLINK "https://www.linkedin.com/in/gregjscully/"LinkedIn

•      Kim’s LinkedIn

•      Real Wealth Solutions Podcast

•      Daring Greatly HYPERLINK "https://www.amazon.com/Daring-Greatly-Courage-Vulnerable-Transforms/dp/1592408419" by Brené Brown

•      As a Man Thinketh HYPERLINK "https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536" by James Allen

 

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