This smart old dawg has been ramping up for retirement since March of 2015 and already has more than 25 units. In this episode, Mackal Smith, a 20 plus year Microsoft employee and part-time real estate investor, shares how he is generating significant rental income for his future retirement while still working a full-time job.
Mackal “Mac” Smith has worked for Microsoft for a little over 20 years and, before that, spent almost 20 years in with DEC (Digital Equipment Corporation) and a global chemical company.
He started investing in real estate in March of 2015 with the goal of acquiring 25 units over the next 5 years. However, by the end of 2015, he had already acquired 13 units. Last year, he started working with a partner and acquired another 12 units. So far, with a duplex he acquired this year, he has already surpassed his goal.
His goal is to both provide additional retirement income, as well as have some projects to play with during retirement.
Currently, Mac and his partner and are looking at acquiring some larger properties (25 to 100 units) and potentially looking at some syndication deals.
He recently bought a lake house (got a great deal on it) and continues to work on it in his spare time. Mac is 56, married, with three grown children, and looking to retire in the next few years.
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