Episode 48 – Inside The Mind of A Millionaire Real Estate Investor With 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;
- The importance of exposing yourself early to Real Estate investing.
- How Kory was able to purchase a 6-plex for his first investment property.
- The steps to being able to purchase a couple properties each and every year.
- How Kory was able to leave his 9-5 job and the leap of faith required to do so.
- How a life changing event changed Kory’s life and the important lesson he learned from it.
- How much of your income should you replace before you decide to leave your full-time job?
- The very first thing you need to do after you’ve finally made the decision to quit your job?
- Why networking is so important and how often should you be doing it?
- If you experience failure, the mindset required to recover and to keep moving forward.
- The most important think Kory would go back and tell his younger version to do right away.
find out more about Kory at;
Website: http://korymacKinnon.com
Instagram: korymackinnon
