There’s more to learn about 1031 exchanges. In today’s episode, we’re going to dive into them! Kenneth Hynes is an active investor in single family homes and multi-family complexes. He has retired from the army and during the 20+ year career, acquired 6 single family homes throughout Pennsylvania and is now using that to scale into the multi-family world. He has completed a 1031 exchange and has been an LP in six different syndications. He has a Bachelor’s Degree in Electrical Engineering from Boston University and recently completed a Master’s Degree in Technical Entrepreneurship from LeHigh University.
[00:01] – [03:16] Opening Segment
- Let’s get to know today’s guest, Kenneth Hynes
- Kenneth shares how he started real estate
- Retiring from his army career in 2015
[03:17] – [09:44] Scaling using 1031's
- Why scaling using 1031 brings bigger equity
- Kenneth talks about his multi-family investments
- Different Tools and Resources for Multi-family and Single family
- A Hard Lesson from 1031
[09:45] – [14:26] Funding Your 1031
- Getting into syndication to up Ken’s capital raising
- Syndications Gone Wrong
- Why a great GP team can take a terrible deal
- The Biggest Financial Difference
[14:27] – [17:28] Final Four Segment
- What Kenneth would invest in with only $20,000
- Buy a small multi-family or do a house-hack
- How Kenneth would help in a real estate mistake
- “Don’t do it by yourself.”
- Kenneth’s way to make the world a better place
- Volunteer-work
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“It’s good to build your network.” – Kenneth Hynes
“Make sure you research or investigate the GP team, as much as, or more than the deal or the market itself.” – Kenneth Hynes
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Connect with Kenneth Hynes through kenneth_hynes@hotmail.com and LinkedIn and start scaling your business through 1031’s.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
