202. Helping Yachting Professionals Invest Passively And Actively with Scott Kidd
Release Date: 04/18/2023
6 - How to Capitalize on Market Shifts
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Description: Join seasoned real estate investors Paul David Thompson and Dustin Heiner as they unpack the transformative power of real estate investing. From mindset mastery to creating lasting value, this episode dives deep into the strategies that turn property investments into pathways to financial freedom. The duo shares candid insights about their journey from individual investors to business owners, emphasizing how community, mentorship, and a service-oriented approach can accelerate your success. Whether you're a seasoned investor or just starting out, this conversation offers...
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4 - The Journey of a Multifamily Developer: Insights from Justin Goodin
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Description: In this episode of the Commercial Real Estate 101 podcast, host Paul David Thompson sits down with Justin Goodin, a successful commercial multifamily developer based in Indianapolis. Justin shares his personal journey from traditional employment to becoming a thriving real estate developer, discussing the challenges and opportunities he has navigated in the current market. Key Takeaways: Justin Goodin's transition from a traditional career to a successful multifamily developer. The significance of self-education and networking in the real estate industry. The...
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2 - Barry Rogge’s Journey into Commercial Real Estate
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3 - From Horseback to Mobile Home Parks with Erin Vandegrift
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Description: In this episode, Paul and Peter are joined by Erin Vandegrift, a former professional equestrian turned mobile home park investor. Erin shares her journey from managing a 1,200-pound horse to overseeing mobile home parks across the U.S. She dives into the challenges of switching careers, learning the ins and outs of real estate investing, and how creative financing helped her build a growing portfolio. With a clear focus on mobile home parks, Erin offers valuable lessons for anyone looking to enter the world of real estate investment. Takeaways: Confidence grew through community...
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1 - Mastering Creative Finance with Jeff Rappaport
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258: The Sprint Method: Effective Strategic Planning with Simon Severino
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257: Growing Your Network and Audience Through Podcast Guesting with Mischa Zvegintzov
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Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. Paul and Mischa discussed strategies for podcasting, including the use of guest speaking to increase impact and income, and the importance of building relationships within the podcasting community. They also explored tools for finding podcast email addresses and tracking appearances, as well as the benefits of leveraging hosts' audiences and repurposing content. Key Takeaways:...
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255: Exploring Alternative Assets: The Cignet Fund with Andrew McNair
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Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. Paul interviews the president and founder of Swan Capital, a wealth management firm, Andrew McNair. Andrew shares his background and how he got into finance and real estate investing. He discusses the importance of diversification and the lessons he learned from losing a significant amount of money in the stock market. Andrew also talks about creating Swan Capital and the...
info_outlineReal estate investment has always been an attractive opportunity for those who seek financial stability and growth. For Scott Kidd, a multifamily real estate investor and yacht captain, the journey towards achieving success in the real estate industry has been an exciting one.
In this episode, Scott Kidd shares his background and experience in both fields, highlighting how his time as a yacht captain has influenced his approach to investing. He also talks about the importance of teamwork and shares advice on capital raising for those new to the process. Join his meetup group, Yachtie Real Estate Investors, to connect with like-minded individuals and gain more knowledge on real estate investing.
Don't miss out on the opportunity to learn from someone who has successfully balanced two careers and is passionate about sharing his experience with others. Start your journey toward financial stability and growth today.
Key Points From This Episode:
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Scott Kidd's background and entry into the real estate business
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The influence of Kidd's experience as a yacht captain on his real estate investment approach
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Importance of teamwork in both real estate and yachting
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Advice on capital raising for new investors
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Kidd's enjoyment of both real estate and yachting careers
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Real estate deal in Houston for accredited and non-accredited investors
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Property description: Class A with 224 units and a light value add, assumable HUD loan
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The importance of sticking to your plan and not listening to naysayers
► Resources
How can I help you?
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Free guide 'Making Offers Sellers Can't Resist': https://bit.ly/offerguide
Follow Scott Kidd
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Website | www.yachtierei.com
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Facebook | Yachtie Real Estate Investors
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LinkedIn | Scott Kidd
About Scott Kidd
Scott Kidd has over 25 years of maritime experience, including new builds, refits, project management, and yacht management. He is a licensed USCG Master of 1600 US tonnage / 3000 international tons in all oceans. With a background in IT and a strong mechanical background in maritime, transportation, machinery, and heavy equipment. In this career, he has cruised the Mediterranean, Gulf Coast (including Mexico), Great Lakes, Atlantic Canada to Florida, Caribbean, Bahamas, and South China Sea, onboard vessels of many types and sizes. Scott Kidd is also a member and mentor for Legasea, a social platform developed to see the maritime industry at its best.
Scott Kidd has been a real estate investor for the past few years, and currently invests in multi-family apartments. He has invested as a Limited Partner in apartments in the Columbus, Ohio area, along with multifamily apartments in the Daytona Beach area, and apartments in West Palm Beach. The limited partnership is a syndication, and the two other properties are joint ventures. He also runs a meetup group called Yachtie Real Estate Investors in Fort Lauderdale.
Join the Community
I'd love to hear your comments and questions about this episode. Here are some great ways to stay in touch or get involved in the My Freedom Foundry Community!
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FREE Facebook Group - My Freedom Foundry - Free Yourself With Real Estate Investing | www.facebook.com/groups/myfreedomfoundry
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Freebies and Resources To Help You Excel Your Business | www.pauldavidthompson.com/work-with-me
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Grab your copy of my best-selling book: ESCAPE: Money Mindset to Freedom with Stocks, Real Estate, and Starting Your Own Business HERE.
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