Why 'Not Believing in Tuesdays' Might Just Be the Key to Passive Income! with Mandy McAllister

From W-2 to Passive Income Powerhouses: The Real Estate and Business Journey with Mandy McAllister

Join Mandy McAllister and Emma Powell on Passive Income Adventures as they explore the transition from traditional jobs to full-time entrepreneurship in real estate and other business ventures. Learn about the challenges and rewards of creating passive income, the realities of running different types of businesses like car washes and motels, and the nuances of balancing purpose and profitability. Mandy shares her experience leaving a medical sales job, building a multifamily real estate portfolio, and eventually co-leading GoBundance Women—an organization dedicated to empowering ambitious women in their personal and professional lives. Discover the importance of having reliable business partners, the significance of setting up systematic management for true passive income, and the strategies for celebrating small and big wins in your financial journey.

Bio:
Mandy McAllister is a multifamily real estate investor, mindset ninja, and connector. She spent the bulk of her career in medical device sales chasing cases and commission checks. In 2021, Mandy left her W2 to lean on the financial independence she built through real estate investing. Mandy now serves as CEO of GoBundance women, a tribe of healthy, wealthy, generous women who choose to lead epic lives.
Her real estate expertise includes repositioning underperforming assets to increase cashflow and value. Her portfolio is currently comprised of 373 doors of B class workforce housing, furnished student housing and a motel reposition. She is most proud to be mama to her hilarious 7-year-old son Duncan who, coincidentally, wants to be a real estate investor when he grows up.

Connect:
https://www.mandymcallister.com

Connect with Emma:
https://InvestWithEmma.com
https://Highrise.Group
https://PartnerWithRise.com/Emma

00:00 Introduction to the Crazy Tribe
00:23 Welcome to Passive Income Adventures
00:29 Mandy McAllister's Journey to Passive Income
00:53 The Evolution of Passive Income and Purpose
01:28 Challenges and Realities of Multifamily Real Estate
02:14 From Medical Sales to Real Estate
03:20 The Business of Passive Income
06:32 The Truth About Passive Income
09:10 GoBundance Women and Female Leadership
14:27 Balancing Roles and Responsibilities
15:43 Navigating Business Partnerships
29:36 The Car Wash Cashflow Strategy
30:21 Navigating the Cashflow Hamster Wheel
31:11 Challenges in Real Estate Investments
33:16 Balancing Growth and Cashflow
35:23 The Importance of Diversification
36:10 Celebrating Achievements and Setting Goals
43:39 Future Plans and Lifestyle Goals
51:57 Joining GoBundance and Investing