BROADCASTS.com

Retired military veteran Marcus Long joins us to discuss his journey of 18 years investing in real estate and building his legacy. Hear how he started in 2004 somewhat accidentally and grew to own several hundred multi-family units. Learn about the importance of teaching responsible money management when building generational wealth and get valuable advice for those looking at retirement or transitioning from military life. Hear Marcus's inspiring story of how he overcame limiting beliefs and began house hacking with a condo purchase at 22, eventually rolling equity into multi-family investments. Find out why he believes investing in real estate is the best way to build wealth, what strategies he uses to teach his kids about money, and how virtual masterminds can help veterans transition from military to civilian life. Join us for an engaging conversation with Marcus Long as we dive deep into real estate investing!\n\xa0\n[00:01 - 07:33] Opening Segment\nMarcus shares his background and career\nInvesting from a distance and focusing on legacy planning\nAcquired, invested, partnered on, or otherwise had a hand in over 150 million commercial real estate acquisitions\n\xa0\n[07:34 - 12:50] Overcoming Limiting Beliefs\nMarcus' strategy was a mix of buying with in-place cash flows and adding value/raising rents\nMarcus accumulated a number of properties; some cash flowed decently, and others required more work than expected\nUsed equity from properties to acquire more properties and lines of credit\nStarted selling some properties to roll equity into multi-family properties\nDecided to retire shortly after realizing how much time was spent at work\n\xa0\n[12:51 - 25:45] Building a Brand and Networking Overseas\nHow Marcus pursued entrepreneurship after leaving the military\nStarted networking and connecting with others before moving to England\nJoined a virtual mastermind for active duty and veterans to build relationships\nLegacy planning is critical to Marcus's strategy and priorities\nTeaching kids about assets, liabilities, and responsible use of money\n\xa0\n[25:46 - 31:59] Closing Segment\nThe best investment made: a condo bought at age 22\nThe worst investment made: mental drag working with property management and contractors\nThe most important lesson learned: It's all about peopleThe Go-Giver by Bob Burg\n\n\nQuotes:\n\xa0\n"If we're gonna build something where there is some generational wealth to pass down, I think it's our responsibility to kind of educate and show our kids or whoever it is that you are passing that money onto." - Marcus Long\n\xa0\n"In business, it's a lot about people. Whether it's the residents that live there, the property management people that we work with, the contractors that are helping us, or the passive investors." - Marcus Long\n\nConnect with Marcus!\nWebsite: www.alonglegacy.com\xa0\n\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.