Ep #10: Wealth through Real Estate while Active Duty in the Navy with Tim Kelly

How can you be active in your community and give back to the military? Help active, veteran, reserve, and others in the military reach their financial freedom goals by investing in real estate.

In this episode, Wayne talks to Tim Kelly from Active Duty Passive Income (ADPI) and Kelly Housing Group. Tim is a real estate investor and educator, best-selling author, speaker, and Chief Petty Officer for the U.S. Navy. Tim is pursuing his dream of owning and operating multifamily real estate by investing in apartments, mobile homes, and storage facilities. 

Topics on Today’s Episode:

• House Hacking: Benefits of long-term buy-and-hold real estate align with financial goals
• Network Connections: Build relationships to analyze, own, control multifamily properties 
• Thank You for Your Service: 1 percent of the 1 percent serve in the military
• Real Estate Pattern: Pass the time by continuing to learn and grow personal finance 
• Education: Find all the ways you can create generational wealth in real estate
• VA Housing Assistance: Seek loans to purchase properties and investment opportunities
• Military House Hacking Book: Rehab, refinance, and create cash flow multifamily assets
• Self-Manage: Do all the hard work, then pass it onto PM professionals to get time back
• Efficiency Tools: Time management, documentation, screening tenants, due diligence
• Balance: Educate others, pursue acquisitions, and pick up skills by emulating success
• Deliver Value: More you grow, more you can give; more you give, more you receive
• ADPI’s Three Pillars: Learn, network, and take action
• Perfect Partnership: What you know, who you know, and who knows you to close deals
• Lessons Learned: Failure is stepping stone to success; choose how to respond
• Scalability: Straight shot to increase net worth, wealth, income, quality of life; no regrets
• General vs. Limited Partners: One is not better than the other to analyze deals
• Mailbox Money: Become owner to produce income, tax benefits, equity, time, freedom 
• COVID Impact: Invest in workforce and affordable housing to thrive and survive  

Links and Resources:

Active Duty Passive Income (ADPI)
Kelly Housing Group
Military House Hacking by Tim Kelly
Tom Kelly on LinkedIn
Tim Kelly on Instagram
Tim Kelly on Facebook
Tim Kelly’s Phone: 847-910-9161
VA Housing Assistance
FHA Loans 
BiggerPockets
Rich Dad Poor Dad by Robert Kiyosaki
Google Drive
TenantCloud
Rent Manager
U.S. Securities and Exchange Commission (SEC)
USAA: Insurance, Banking, Investments, and Retirement
Wayne Courreges
Free Passive Investor eBook by Wayne Courreges
The Untold Stories of Real Estate Investing Podcast