Capital Gains - Capitalism.com

How do you go from comfortable affluence to real wealth? Listen to the Capital Gains podcast, by Capitalism.com, with host and professional real estate investor Jonathan Twombly. In interviews with top professionals, we'll discuss alternative investments you might not have known about that can help you go beyond merely obtaining a passive income to growing your asset base and becoming truly wealthy.

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episode 43: How to Make Low-Risk Passive Real Estate Investments in Multi-Family w/ Michael Blank


Michael Blank believes in the law of the first deal. Once your first deal is done, the second and third come easily.

On this episode of Capital Gains, he explains why multi-family properties are like an ATM machine.

It doesn’t matter how much you earn or how much you have in the bank, the key to being financially free is to generate a large passive income. Michael talks about how to achieve this, and how he is coaching others to as well.

When he was in his mid-30s and working in the software industry, he read Rich Dad Poor Dad and it shifted his entire mindset. He threw away his career and started focusing on earning a passive income from real estate.

Michael began by flipping houses, but his big idea was restaurant franchises. His idea was to plow his net worth into restaurants, but it didn’t go well. He lost 95% of his net worth, and describes that time as a “very painful process”.

He calculated that he would need 50 houses to make a great passive income. That was too many transactions. Michael reevaluated his strategy and started focusing on multi-family, and made his first deal in 2011.

Key takeaways:

  • The law of the first deal: Once your first deal is done, the second and third come easily
  • Why multi-family properties are like an ATM machine
  • Real estate investment without the tax burden through IRAs
Connect with Michael Blank

Head over to Michael’s website for more information and coaching on investing in multi-family properties: http://www.themichaelblank.com/

Michael on Facebook
Michael on Twitter
Michael on YouTube
Michael on Google+

Connect with Jonathan Twombly

Find more great content from Jonathan at www.twobridgesmgmt.com.

Jonathan Twombly on Twitter
Jonathan Twombly on LinkedIn


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 2017-10-17  37m