Mandy McAllister, a GoBundance Women’s member, shares her inspiring journey from a W-2 job in medical sales to a full-time real estate investor. After overcoming a personal setback, she successfully rebuilt her financial foundation through live-in flips and small multifamily investments, amassing over 370 doors. She discusses vital mindset shifts, the importance of strategic JV partnerships, and lessons learned from mistakes. Mandy emphasizes the critical role of legal agreements in protecting investments and offers insights on balancing a traditional job with real estate endeavors.
23:13
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Mandy’s Real Estate Journey
Mandy McAllister got interested in real estate at 19 but started investing at 35 after life experience and having a son changed her mindset.
She began with small multifamily units and grew her portfolio gradually through strategic partnerships.
volunteer_activism ADVICE
Active Roles in JV Partnerships
Always ensure everyone in a JV partnership has an active job to avoid legal issues around securities.
Use partnerships where all parties actively manage roles to avoid SEC regulations for passive investors.
volunteer_activism ADVICE
Vet Partners and Protect Funds
Always do thorough background checks on partners, even if they are personal acquaintances like church friends.
Never hand over money by check without legal protections; use escrow and legal agreements instead.
Get the Snipd Podcast app to discover more snips from this episode
In 'MONEY Master the Game: 7 Simple Steps to Financial Freedom,' Tony Robbins provides a comprehensive blueprint for securing financial freedom. The book is based on extensive research and interviews with legendary investors such as Warren Buffett, Ray Dalio, Carl Icahn, and John Bogle. It outlines seven steps: making the most important financial decision of your life, becoming an insider by knowing the financial rules, making the game winnable, making the most important investment decision, creating a lifetime income plan, investing like the top 0.1%, and taking action. The book emphasizes the importance of education, diversification, and developing the right financial strategies to achieve long-term financial security and freedom.
Ever dreamt of ditching your W-2 job and diving into real estate full-time—especially with a family depending on you? On this episode of The Real Wealth Show, host Kathy Fettke sits down with GoBundance Women’s Mandy McAllister, who made that leap at age 35. After a divorce dealt a major blow to her net worth, Mandy rebuilt her financial foundation through live-in flips and small multifamily investments. Through strategic JV partnerships, she’s grown her portfolio to over 370 doors. Tune in to hear how she did it, the mindset shifts that helped her succeed, and how you can start paving your own path to financial freedom through real estate.
Topics Discussed:
01:01 Mandy's Real Estate Start
03:33 Mandy's Small Multifamily
05:33 JV Partnerships
07:33 JV Partnership vs a Syndication
10:10 Epic Mistakes
13:00 JV Agreements Clauses
14:30 Live in Flips
15:45 How to Leave Your W-2
17:05 How to be a Real Estate Investor and Keep Your W-2
*To celebrate the 1500th episode of Real Estate News for Investors, if you would like a PDF of 'THE TOP 5 CITIES TO INVEST IN', make sure to visit http://www.Realwealth.com/1500 to download!*
DISCLAIMER
The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com
Real Wealth Show: Real Estate Investing Podcast 