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!

 

[00:01 - 07:33] Opening Segment

Marcus shares his background and career

Investing from a distance and focusing on legacy planning

Acquired, invested, partnered on, or otherwise had a hand in over 150 million commercial real estate acquisitions

 

[07:34 - 12:50] Overcoming Limiting Beliefs

Marcus' strategy was a mix of buying with in-place cash flows and adding value/raising rents

Marcus accumulated a number of properties; some cash flowed decently, and others required more work than expected

Used equity from properties to acquire more properties and lines of credit

Started selling some properties to roll equity into multi-family properties

Decided to retire shortly after realizing how much time was spent at work

 

[12:51 - 25:45] Building a Brand and Networking Overseas

How Marcus pursued entrepreneurship after leaving the military

Started networking and connecting with others before moving to England

Joined a virtual mastermind for active duty and veterans to build relationships

Legacy planning is critical to Marcus's strategy and priorities

Teaching kids about assets, liabilities, and responsible use of money

 

[25:46 - 31:59] Closing Segment

The best investment made: a condo bought at age 22

The worst investment made: mental drag working with property management and contractors

The most important lesson learned: It's all about peopleThe Go-Giver by Bob Burg

Quotes:

 

"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

 

"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

Connect with Marcus!

Website: www.alonglegacy.com 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

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