E202: From W-2 to Full-Time Real Estate Investing with Mehdi Khachani
From Morocco to Montreal to Miami, Mehdi Khachani certainly networked his way through building his thriving real estate business. His formula is simple: do the things you love and everything else follows. In this episode, Mehdi shares his journey of transitioning from his engineering job to doing full-time real estate investing, along with his wife. Together, they formed a real estate company which they’ve vertically integrated, doing property management, working with investors, brokerage, and general contracting. Now, they are managing 600 units, mostly multifamily in Miami, and they’ve also bought their own properties. In the next few years, their vision is to acquire 1,000 units, and from there, leverage their other businesses to support the investment. Here are some power takeaways from today’s conversation: [01:02] Mehdi’s educational and career background [04:48] His thesis presentation in China that landed him a job in L.A. [07:57] Moving to Miami and focusing on real-estate [11:06] Mehdi’s real estate portfolio [13:27] Their company structure [15:51] Their company’s current focus and their next steps [16:46] What it was like leaving his W-2 job [21:24] Working through this fear [24:55] Where Mehdi is allocating his time right now [29:06] The impact of GoBundance in his decision-making process [33:39] Mehdi’s horizontal income [36:33] Mehdi’s health and fitness routine [38:56] His happiness index and giving back to the community [42:17] Mehdi’s travel bucket list Notable quotes from the Episode: “You leverage your strengths… you don't want to work on building your weaknesses. You'd rather leverage what you're good at.” "As long as you do the right thing in the short term, eventually, things will work out for the long term." “Make sure that without working, you're able to cover expenses.” “It's so important to do something that you're passionate about and that you feel good about. Because eventually, as long as you're doing that, things work out for you.” Connecting with the Guest Website: https://jmkre.com Email: mehdi@jmkpropertyinvestment.com Connect with our growing community: Apply to GoBundance: https://www.gobundance.com/membership Instagram: https://www.instagram.com/gobundance/ Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge Interested in starting your own podcast or handing off your production to a qualified team? Email erik@onairbrands.com to learn how we're making the world better, one mic at a time.