Early Retirement and Legacy Building through Real Estate with Marcus Long
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 people
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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About our Guest
Marcus Long
It is my passion to serve others, to give back, and to influence positive change in the communities in which I live and invest. These passions drive my personal journey to financial freedom so that I may devote a greater amount of time focused on them.
I have chosen to invest in real estate as the medium to achieve my own financial freedom as well as to create the passive income to give back and to influence positive change.
The realization that financial freedom allows all of us to devote our time and resources to our true passions also influences my desire to provide financial education to our youth giving them the greatest opportunity to put themselves and their families in a position to live an incredible life!
I am a Naval Officer with 20 years of military experience leading men and women with diverse backgrounds. My proudest achievements are those times in which I was able to positively influence the course of a life.
