​Podcast #104 - Interview - @Brad Tac - Mechanical Engineer transition

YouTube Link: https://youtu.be/Z0SM21dLsCc Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Doing one house gets you started to gain momentum Han solo moment was went when into MFH At first wife was nervous in the beginning but with success came on board Moved to MFH when had 5 units and 2k in cashflow SFH is the way to go to learn to rent and pick out a property manager but its a personal question Worse moment was seeing 2008 A pain point that forces people to make a change Working up to expenses plus 20k Do a little bit each day Set goes every year - 40-50 goals - review once a week Personal Background Grew up in Oxford, Michigan Graduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical Engineering Married to wife, Lindsay and have 3 kids together Started engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager Currently a program manager for automotive supplier Brembo Real Estate Projects Purchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord” First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014 Bought 12 apartment units in Monroe, Michigan in 2015 Bought 12 more apartment units in Monroe, Michigan in May 2016 In due diligence on a 63 unit apartment building in Lansing, Michigan Goal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspecting Success Habits Keep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & Expenses List out yearly goals for family, finance, health, learning and track each week Make sure to do things daily to get closer to goals Dave Ramsey Lifestyles Unlimited REIs for networking Checklists Books Millionaire Real Estate Investor – Gary Keller Rich Dad Poor Dad – Robert Kiyosaki The Complete Guide to Buying and Selling Apartments – Steve Berges 48 Days to the Work You Love – Dan Miller What Color is Your Parachute - Richard Bolles The Slightest Edge - Jeff Olson Compound Effect - Darren Hardy Quotes “Leverage is key to wealth” – In regards to money, time, knowledge “Money is on the other side of fear” “Most people overestimate what can be done in the short term and underestimate what can be done in the long term” “If you give a house a cookie…” ""What gets measured gets done"" “Spectacular achievement is always preceded by spectacular preparation” “Those who say it can’t be done should get out of the way of those doing it” “Go as far as you can see, once you get there, you will see farther” “Play the game of money to win, don’t play not to lose” “Don’t quit when you are tired, quit when you are done” “Make sure your ladder to success is on the correct wall” Contact Info Email: [email protected] Facebook & Linked In – Brad Tacia Facebook Page - Apartment Investors of Michigan"