Invest in Apartment Buildings with Private Money
United States
224 episodes
since March 26, 2014


If you make good money, and you want to make it work for you, passive investing in multifamily syndications may be a perfect fit. But what are the benefits of apartment investing compared to the stock market? How do you choose an operator you can trust? What happens if there’s an economic downturn? Can you really achieve financial freedom with passive investing? Ryan McKenna is the founder of McKenna Capital, a private equity firm that helps investors build long-term wealth through value-add multifamily, self-storage and manufactured home park investments. Ryan has invested in 30-plus real estate and business syndications worth more than $600M, and his current portfolio includes 7,800 units in markets across the country. Ryan’s role at McKenna Capital involves overseeing acquisitions, capital raising efforts, investor relations and asset management. Today, Ryan joins me to explain why he chose the path of passive investing and discuss what drew him to multifamily over other investment options. He shares the generous tax benefits of multifamily syndications, offering a high-level overview of how to leverage the cost segregation analysis to accelerate depreciation. Listen in for Ryan’s insight on how to vet an operator and learn how to put your money in motion and achieve financial freedom as a passive investor! Key Takeaways How Ryan got started in real estate Learned about multifamily syndications in collegeUsed Rich Dad… as blueprint for financial freedom Why Ryan chose passive over active investing Enjoyed work in corporate worldFound good operating partners with track record Why Ryan chose multifamily over other investment options 16-20% annual return, 8-9% cash-on-cash returnGenerous tax benefits, predictable in downturn The beauty of the multifamily cash out refinance Get back 100% of money plus cashflowRedeploy in another deal for additional income A high-level overview of the cost segregation study Accelerates depreciation on parts of propertyBig tax advantages up front (huge taxable loss) Ryan’s advice for aspiring passive investors Reach out to people already doing it, ask Q’sDiversify in multiple markets, operating partners How Ryan vets a multifamily operator Look for character, integrity and trustCommunication style + transparencyTrack record (execute on business plan) Ryan’s insight on waiting until after a downturn Money in bank losing value with inflation‘Bad deal’ still returns 8 to 12% + tax benefits Ryan’s timeline to financial freedom for passive investors Invest $100K per year for 5 yearsPassive income stream of $140K How Ryan’s life has changed now that he’s financially free More time with family, lifestyle by designPassionate about real estate (full-time syndications) Ryan’s transition from passive to active investing Co-syndicating deals as part of general partnershipRaise capital, introduce investors into multifamily Connect with Ryan McKenna Capital Resources Deferred Sales Trust on ABI EP166 What’s the Best Investment: The Stock Market or Real Estate? Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki Nighthawk Equity Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank Podcast Show Notes Review the Podcast on iTunes Michael’s Website Michael on Facebook Michael on Instagram Apartment Investor Network Facebook Group
Disclaimer: The podcast and artwork embedded on this page are from Michael Blank: Commercial Real Estate Investor | Entrepreneur, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.


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