Work and Wealth on the Path to Financial Independence w/Kent Kiess
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Episode Description
Welcome to the Freedom Point Real Estate podcast! Jeremy Dyer and today's guest Kent Kiess explore topics such as the evolution of investment strategies, the interconnectedness of time, health, and wealth, and the role of real estate investors in addressing housing affordability.
Kent Kiess spent 30+ years in construction orchestrating projects, mentoring young minds, and even authoring the acclaimed book "Beyond the Tool Belt". But his ambition went beyond bricks and mortar. In 2006, he began investing in SFRs and multifamily apartments across diverse markets, building not just wealth, but communities. He believes in diversification, spreading his investments across the country, just like his impact extends beyond the physical, empowering the next generation and collaborating with fellow investors.
CONNECT WITH KENT KIESS!
Website: https://www.kc-investments.com/
LinkedIn: https://www.linkedin.com/in/kent-kiess-4987256a/
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: The Power of Passive Investing
Kent Keis emphasizes the essence of passive investing, noting, "Mostly it's you don't have to worry about cleaning the toilets, you don't have to worry about the tenants paying the rent." Passive investing, particularly in real estate, allows investors to leverage their capital without the day-to-day management hassles.
Tip #2: Investing Evolution Over Time
Reflecting on his investment journey since 2006, Kent shares how his strategy evolved from flipping houses to passive real estate investments. He highlights the importance of adapting to market changes and focusing on long-term wealth-building strategies.
Tip #3: The Three Pillars: Time, Health, and Wealth
Kent emphasizes the interconnectedness of time, health, and wealth, asserting, "You can't skip time, you can't skip health and have time, and what, it just doesn't work." He underscores the significance of achieving balance across these three pillars for sustainable success.
Tip #4: Education as a Foundation
Kent advocates for financial education as a cornerstone for successful investing, recommending the exploration of strategies like whole life insurance to build a financial foundation. He emphasizes the need to understand various investment vehicles before diving into the market.
Tip #5: Housing Affordability and Community Development
Discussing the role of real estate investors in addressing housing affordability, Kent emphasizes the importance of creating opportunities for community development. He highlights the potential of investing in duplexes and triplexes to support affordable housing initiatives.
Tip #6: Leveraging Insider Insights
Kent shares insights into the advantages of real estate investing, likening it to having "insider information." He underscores the value of direct communication with sponsors and leveraging personal connections to make informed investment decisions.
Tip #7: Evolution of Investment Strategy
With a focus on smaller units in diverse markets like Phoenix, Columbus, and Cincinnati, Kent discusses the evolution of his investment strategy. He emphasizes the importance of value creation for investors and exploring emerging opportunities.
Tip #8: Embracing Blue-Collar Investing
Kent's commitment to blue-collar workers drives his mission to provide accessible education and support for aspiring investors. He emphasizes the value of hands-on experience and practical knowledge in building wealth through real estate.
Tip #9: Building a Community of Investors
Looking ahead, Kent reveals plans for developing a course based on his book, "Beyond the Tool Belt," to empower investors with actionable insights. He invites listeners to connect with him directly to explore educational resources and investment opportunities.
Tip #10: Taking Action
In concluding remarks, Kent encourages listeners to take proactive steps towards their financial goals. Whether through education, networking, or strategic investing, he emphasizes the importance of taking action to unlock the full potential of real estate investment.
