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If you make good money, and you want to make it work for you, passive investing in multifamily syndications may be a perfect fit. But what are the benefits of apartment investing compared to the stock market? How do you choose an operator you can trust? What happens if there’s an economic downturn? Can you really achieve financial freedom with passive investing?

Ryan McKenna is the founder of McKenna Capital, a private equity firm that helps investors build long-term wealth through value-add multifamily, self-storage and manufactured home park investments. Ryan has invested in 30-plus real estate and business syndications worth more than $600M, and his current portfolio includes 7,800 units in markets across the country. Ryan’s role at McKenna Capital involves overseeing acquisitions, capital raising efforts, investor relations and asset management.

Today, Ryan joins me to explain why he chose the path of passive investing and discuss what drew him to multifamily over other investment options. He shares the generous tax benefits of multifamily syndications, offering a high-level overview of how to leverage the cost segregation analysis to accelerate depreciation. Listen in for Ryan’s insight on how to vet an operator and learn how to put your money in motion and achieve financial freedom as a passive investor!

Key Takeaways

How Ryan got started in real estate

Why Ryan chose passive over active investing

Why Ryan chose multifamily over other investment options

The beauty of the multifamily cash out refinance

A high-level overview of the cost segregation study

Ryan’s advice for aspiring passive investors

How Ryan vets a multifamily operator

Ryan’s insight on waiting until after a downturn

Ryan’s timeline to financial freedom for passive investors

How Ryan’s life has changed now that he’s financially free

Ryan’s transition from passive to active investing

Connect with Ryan

McKenna Capital


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Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank

Podcast Show Notes

Review the Podcast on iTunes

Michael’s Website

Michael on Facebook

Michael on Instagram

Apartment Investor Network Facebook Group

One Response

  1. Great podcast in general and good guests. However, I was disappointed that being an accredited investor was not discussed or even mentioned in this episode (174). It’s misleading to listeners that want to invest passively but are not accredited investors. Unless there’s a loophole or avenue I don’t know about. I have a decent salary and some accumulated net worth, but not enough to qualify as an accredited investor, which has prevented me from investing passively in syndications. Am I missing something?

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