Kory Mackinnon - On today’s show I had the chance to have an intriguing conversation with the one and only Kory MacKinnon! In a short period of time he’s been able to acquire over 60 doors with a mix of long term and short term rentals.
What has helped him get through all these life experiences? An unwavering mindset along with the habits and outlook to make it all come together by design. We also dove deep into the steps on how to leave your full-time job and the mindset required to endure such a journey.
Find out what Kory and his investing students implement on a daily and weekly basis to succeed in life and in real estate!
Kory MacKinnon Bio
A former Corporate Trainer, and National Level athlete from small town Sarnia, Ontario, Kory was able to able to use decades of Business and Competition work-ethic, habits and mindset to escape the Rat Race in his 30's with…Real Estate. What started off as a profitable side hustle has now turned into a Money Making Machine and a $10M+ Real Estate Portfolio.
With investing experience across multiple markets, Kory has wholesaled, joint ventured, flipped for profit, re-purposed buildings, bought raw land, implemented creative financing and used the BRRRR method on route to owning dozens of income-producing properties, over 60 doors with a mix of long term and short term rentals.
A devote husband and father of 3, soon to be 4, there are no excuses around finding the time to invest – you make the time! With over 25 years in the training and education arena, Kory also runs a niche real estate coaching business assisting other investors to grow their real estate holdings so they too can retire early!
It's been an interesting past couple of years for Kory as an investor:
He has been fortunate enough to:
-Have built a profitable Property Management Business in South Western Ontario
-Bought properties that aren't just a 10 cap, but 15 and 20 cap properties in great areas of town.
-Turned a triplex fire into a turnaround project with a $350K upside
-Closed on a 12,000 ft church for $12/sq. ft., that will become 30+ units
-Picked up a multifamily building for $5000 (in Canada not Detroit :))
-Bought a 10 acre parcel of land in a prime area for development for $26k / acre
-Has done ZERO money down real estate, Large Credits on Closing, Vendor Take Back Mortgages, and to boot has represented Canada Internationally as an athlete going as far as the Olympic Trials for Weightlifting.
What has helped him get through all these life experiences? An unwavering mindset along with the habits and outlook to make it all come together by design.
Find out what Kory and his investing students implement on a daily and weekly basis to succeed in life and in real estate!
Kory MacKinnon
Author of the Book "Inside The Mind of A Millionaire REI"
What you’ll learn on this call;
To find out more about Kory, visit him at;
Website: http://korymackinnon.com
Instagram: korymackinnon
Ready to start investing in Real Estate?
To learn more about Gary Hibbert
visit https://www.smarthomechoice.ca
Summary
Have you ever felt that somebody is in control of your financial freedom or future? Or have you ever had that light bulb moment in your life where you said… “Never again!”? Well, you are not alone, and Gary Hibbert has been through the same difficult times.
Gary Hibbert is a fulltime Real Estate investor, licensed (and award winning) Real Estate agent, and educator. In 2008 he purchased his first investment property, and through hard work and dedication left the regimen of the corporate world to become a full-time real estate entrepreneur in 2014.
In this episode, learn Gary’s story, the things he lacked in the beginning, how he overcame numerous mistakes, and how having the right mindset and learning from other people on the same journey has helped him win and create some serious success in real estate investing.
Topics Covered:
01:12 – Gary tells how his real estate investing journey started
05:21 – What he primarily does as a real estate investor
07:39 – Admitting that he lacked one thing at the beginning
08:06 – What he regards as the biggest mistake most real investors make
07:33 – The most significant mistakes other real estate investors are making
09:53 – Sharing an insightful excerpt from the book Rich Dad, Poor Dad by Robert Kiyosaki
10:12 – Gary talks about his unfair advantage
12:07 – His best advice for people to get over their fear and go forward despite possible failures
15:12 – What he regards as the most significant problem he solved for people he worked with
16:54 – How to connect with Gary and find out more about real estate investing
17:31 – Wrapping up the episode with a piece of actionable advice from Gary – “Attend meetings. Listen to experts in the industry, or in your local market. Talk to other real estate investors in your area and do that for about 2-3 months, pick a strategy, then implement it.”
Key Takeaways:
“I would say that my unfair advantage would be I love to jumping in and taking action. And I would say that I’m also very comfortable with making mistakes. And I think people that make mistakes, they think that it’s a problem or they’re there. They’re done in the right path, and then they give up. But the key is when you make those mistakes as obviously to learn from it, and then they continue to keep moving forward.” – Gary Hibbert
“I think the best thing is the mindset. It doesn’t have anything to do with money. It has to do with mindset. There are so many different ways to do it, but it’s about writing down your goals, and once you do it, you move forward with that. So, mindset is such a huge thing, and learning from other people that have gone through that journey.” – Gary Hibbert
PREVIOUSLY RECORDED - 2015
What you will learn on this interview
• The single most important thing you need to be a successful Real Estate investor
• Why building a strong team can take your investing career to the next level
• The danger of information overload and how to avoid this trap many investors fall into
• To find JV partners, there is one single thing that every investor needs to do
• When A JV partner says… “I’ll think about it” and how to overcome this response
• How to protect yourself in a Joint Venture Partnership
• Why people fail when putting together there JV partnership and how to correct your pitch
• Why sticky notes can completely change your life and why you should buy some right now
Bio
Joey Ragona is the CEO of JDR Investments, a professional real estate investment company, founder of Engaged Investor.com and the creator Real Estate Joint Venture Presentation Formula.
A full-time investor since 2007 and joint venture specialist and he is an in-demand high performance coach helping real estate entrepreneurs get “unstuck” to build a business that returns personal freedom without sacrificing their lives.
His lifetime business knowledge, experience and marketing expertise has already helped hundreds of entrepreneurs find clarity and define new systems and strategies to create a stable business that no longer controls their lives giving them the true freedom they’ve always wanted.
As for the coaches and mentors I’ve trained with (some are still to this day) Greg Habstritt, John Assaraf, Brendon Burchard, Eben Pagan.
Contact Joey Ragona
Website www.engagedinvestor.ca/