MB 216: Financially Free at Age 21– With Kyle Marcotte

<p>How do you become a successful multifamily syndicator when you’re not old enough to order a beer? What does it take to overcome objections around being too young and too inexperienced—and raise more than half a million dollars in capital for your very first deal? What’s it like to achieve financial freedom before you turn 21?</p> <p>Kyle Marcotte is an entrepreneur and multifamily real estate investor with a 119-unit portfolio valued at $5.5M. He was a pre-med student and Division I soccer player at UC Davis when Kyle learned about the potential to generate passive income with real estate. At the age of 20, he raised $600K and closed on his first deal in just four months. Now, Kyle is on a mission to help others become financially free with multifamily investing—regardless of age or experience.</p> <p>On this episode of Apartment Building Investing, Kyle joins me to explain why he burned the boats and quit college to pursue real estate full time. He discusses how he got brokers and investors to take him seriously despite his lack of experience, sharing what gave him the confidence to keep moving forward through hundreds of no’s—until he finally got a YES. Listen in to understand why Kyle went for such a BIG first deal (a joint venture on 107 units!) and learn what he is doing now to build a personal brand and scale his multifamily syndication business.</p> <h3>Key Takeaways</h3> <p>What inspired Kyle to get into real estate</p> <ul> <li>Read <em>Rich Dad Poor Dad</em>, got educated about passive income</li> <li>Quit college to devote energy to multifamily</li> </ul> <p>How Kyle realized he had the personality of an entrepreneur</p> <ul> <li>Never able to accept being told what to do</li> <li>Always trying to figure out best way</li> </ul> <p>What financial freedom means to Kyle</p> <ul> <li>Cover expenses with cashflow, residual income</li> <li>Control over what day looks like</li> </ul> <p>How Kyle got investors to take him seriously at the age of 20</p> <ul> <li>Own inexperience but sell on grit</li> <li>Dea