Craig Napoliello spent the first 11 years of his career as a fixed income trader and now has a W2 at a Fintech firm. After being interested in real estate for much of his adult life and dabbling in single family ownership and investments, he began his ventures into multifamily real estate earlier this year with the purchase of a duplex in January. Six months ago, he had two single family real estate properties. Now, he has 53 units (some independently and some with a partner) and is a 13% owner on a 143-unit deal made recently in Lexington, Kentucky. Craig no longer has capital invested in stocks or bonds and feels that with his real estate investments he has more control over his money and is very confident in building a model that will create more value for him outside of the stock market. His goal is to hit over 100 units in the next 12 months and to have 250 units in the next 2 years.

Key Takeaways:

• Rotating Assets
• Aligning Investments with Long Term Goals
• The 'Administrative Nightmare' of Being a Tenant in Common
• Evaluating Return on Equity
• The 7 Steps of Why
• Loving Your W2
• A Proactive Approach to Taxes
• Craig's Predictions for the Multifamily Real Estate Market

Episode Affiliate:

• W2Capitalist.com/affiliates
• PodPuppy.com
• JustGoGrind.com

 

Links mentioned in this episode:

• EARN. INVEST. REPEAT. T-shirts
• Real Estate Investing for The W2 Employee Facebook Group