E30: How to Build Wealth with Multifamily featuring Jen and Stacy Conkey

Cash Flow Fight Club

Curious how Jen and Stacy Conkey took their multifamily investing knowledge from a Facebook group to a full-fledged academy? Tune in to this latest episode of the Cashflow Fight Club podcast to hear their story of entrepreneurship and community building.

As the power couple behind the Remote Multifamily Investing Academy, Jen and Stacy share their journey from meeting on a dating app to building a thriving business and community together. They share invaluable insights on scaling their business, working with a spouse, and fostering success in their students through personal development.

Here are some power takeaways from today’s conversation:

00:00

03:09 - How Jen and Stacy met and discovered their shared passion for real estate

07:35 - Tips for getting started with multifamily investing

11:03 - How they balance their personal and professional life as a couple

17:23 - Working with a spouse in business

25:08 - Applying NLP and mindset coaching to real estate investing

31:32 - Their multifamily investing training

34:21 - Common traits of rockstar coaches

41:51 - From community building to building the academy

Episode Highlights:

[11:51] How to Balance Personal and Professional Life as a Couple

Balancing personal and professional life as an entrepreneurial couple takes communication, flexibility, and making time for what's most important - your relationship. Jen and Stacy have found success by understanding each other's strengths, not taking disagreements personally, and prioritizing fun together even amidst a busy work life. Balancing demands comes down to openly discussing needs, showing grace for differences, and finding moments to simply enjoy your partner's company each day.

Delegation played a key role in Jen and Stacy's ability to balance their personal and professional lives as entrepreneurial partners. By bringing on additional team members like their COO Casey, they could delegate administrative tasks and scale their businesses while creating more time for strategic initiatives. This allowed them to maintain balance while continuously innovating and growing their impact as a couple.

[25:08] Applying NLP and Mindset Coaching to Real Estate Investing

Jen has a background in Neuro-Linguistic Programming (NLP) and became a certified NLP Master Practitioner. She discovered the power of mindset coaching after her son was diagnosed with ADHD, wanting to better understand how to influence behaviors.

Jen realized all the benefits NLP and mindset training could provide for real estate investing. Not only could it help with influencing others like buyers and sellers, but addressing one's own limiting beliefs is critical to success. This led Jen to incorporate mindset coaching into the Remote Multifamily Investing Academy. She teaches courses to help students overcome mental blocks, stay motivated, and achieve their investing goals through small shifts in perspective. Applying NLP has been transformative for both Jen and Stacy's business and helped countless others overcome obstacles through powerful mindset work.

[41:51] From Facebook Community to Remote Multifamily Investing Academy

Jen discusses how their Facebook community grew organically as they provided value to others interested in multifamily investing. This community became the foundation for their full-fledged Remote Multifamily Investing Academy. They realized there were many cool people in their initial mastermind group, and thought about how they could find more like-minded individuals. This led them to transform it into a more structured academy model where they could enroll students and provide a comprehensive training program to help more people achieve success in real estate investing.

Resources Mentioned:

Remote Multifamily Investing Academy

Warriors of Wealth Conference 2024

Book: Multifamily Freedom Hacking