Close this search box.

The more truth you put to any problem, the easier it is to solve. So, if you want to quit your W-2 job, start by doing the math. Because once you know how much you need to cover your living expenses, it’s just a matter of building your multifamily portfolio step by step until you achieve financial freedom.

Mandy McAllister is Managing Member of Good Fortune Capital and Cofounder of the Aspiring Women Achieving More community. After years of chasing a commission, Mandy retired from her 9-to-5 in medical device sales to pursue multifamily investing full time. Today, she’s on a mission to help others define their own path to financial freedom.

On this episode of Financial Freedom with Real Estate Investing, Mandy joins cohost Garrett Lynch and me to share her take on the different levels of financial freedom, describing how she calculated her freedom number—and achieved it 12 months later. She explains why she started small, working her way up to large multifamily properties acquired in joint venture partnerships. Listen in for Mandy's insight on securing debt to match your business plan and learn how to leverage multifamily investing to break free of YOUR golden handcuffs and live a life by design!

Mandy McAllister – Key Takeaways

When Mandy started thinking about quitting her job

Mandy’s take on the different levels of financial freedom

  1. Cover minimum living expenses
  2. Cover current living expenses
  3. Replace income
  4. Replace income plus buffer

How Mandy financed her multifamily deals

How to decide whether to start small or go big right away

What Mandy looks for in a multifamily deal

What Mandy looks for in a joint venture partnership

Why Mandy sees long-term debt as the ultimate flexibility

What Mandy is doing to ensure consistent deal flow

Where Mandy is looking to invest right now

How COVID influenced Mandy’s decision to quit her job

What Mandy is looking forward to moving forward

Connect with Mandy McAllister

Mandy’s Website

Good Fortune Capital

Aspiring Women Achieving More

Mandy on Instagram

Mandy on Facebook

Mandy on YouTube

Mandy on LinkedIn


Get Tickets for Deal Maker Bootcamp

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Rocket Fuel: The One Essential Combination That Will Get You More of What You Want from Your Business by Gino Wickman and Mark C. Winters


Michael on Facebook

Michael on Instagram

Michael on YouTube

Apartment Investor Network Facebook Group

Podcast Show Notes

For anyone just getting started with multifamily investing…

Get The Complete Hands-On Experience Of What Doing Your First Apartment Deal Will Be Like So You Will Have The Confidence & Skill To Close Your First Apartment Deal

click here for more information

Where can we send your Calculator?

You have Successfully Subscribed!