How can building an equity-driven real estate portfolio impact your finances and the communities you serve?
Today, Kevin Dugan, the Managing Principal at Altus Investment Group, shares his journey from reading Rich Dad Poor Dad in college to becoming a successful real estate investor specializing in fix-and-flips and small multifamily properties. He discusses the challenges and rewards of managing construction projects remotely, the importance of finding the right partners, and the deeper motivations behind his work. Kevin also highlights the importance of aligning business goals with personal values, particularly in positively impacting the communities he invests in.
[00:01 - 06:18] From Book to Business
- The influence of Rich Dad Poor Dad in shaping entrepreneurial mindsets
- The transition from idea to action—buying the first property
- The importance of timing in real estate investment
[06:19 - 12:06] Scaling Through Sweat Equity
- Building equity through construction as a core investment strategy
- The challenges of remote management and the necessity of strong partnerships
- Evolving from small-scale renovations to a scalable construction model
[12:07 - 18;24] The Why Behind the Work
- Business as a means to serve and create value across all stakeholders
- The role of financial education in empowering communities
- The importance of aligning business success with personal fulfillment
[18:25 - 24:49] Navigating Partnerships
- The complexities of business partnerships and the need for clear communication
- Lessons learned from both successful and challenging partnerships
- Strategies for finding and maintaining effective business relationships
[24:50 - 29:53] Balancing Ambition and Life
- The risks of prioritizing business growth at the expense of personal relationships
- The value of presence in personal and family life
- The long-term impact of balancing professional and personal success
Connect with Kevin:
Website: https://businessownersinvest.com/
LinkedIn: https://www.linkedin.com/in/kevinkdugan/
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Tweetable Quotes:
"As long as we have construction and buy an asset under value, we can build equity through our construction process." — Kevin Dugan