Most Important Next Step - Cole Farrell

From College Kid to Real Estate Prodigy: Cole Farrell's Passive Income Journey

Join us in this episode of 'Passive Income Adventures' as we delve into the inspiring journey of Cole Farrell, a college student who turned real estate prodigy. From earning a thousand bucks a month on his first rental property to launching his own company, Vulcan Capital, Cole shares his highs, lows, and the invaluable lessons learned along the way. Discover the power of passive income, the importance of mentorship, and get insights into navigating the multifamily real estate market. Whether you're a Gen Zer planning for the future or a Gen Xer thinking about retirement, this episode offers practical advice and inspirational stories that can guide you on your own passive income adventures. Don't miss Cole's tips on time management, scaling a business, and whether or not you should dive into building your own real estate portfolio.

Bio:
Cole Farrell is the owner and founder of Volcan Capital. He holds a portfolio of apartments in PA, and is expanding to NC and SC. Cole is the creator and host of the Multifamily Mastery Meetup originating in the Lehigh Valley. Cole started MMM to network with the best local investors and professionals and learn from their experience while being able to provide a place for all investors to learn, network, and grow. He started with a seller finance duplex, earned his MBA, became a professional property manager, built a wholesale company, and launched Volcan Capital to expand into large multifamily.
Today, he has over 22 units and is striving to have his portfolio valued over $10M by 2024. Cole is expanding his MMM network to Bucks and Montgomery County and is excited to share how his experience with MMM is the catalyst to his real estate success.

Connect:
https://www.volcancapital.com

Connect with Emma:
https://investwithemma.com
https://highrise.group
https://partnerwithrise.com/emma

00:00 Introduction to Passive Income Adventures
00:14 Meet Cole Farrell: The Journey Begins
01:09 Cole's Early Investment Experiences
03:10 Scaling Up: From Duplexes to Multi-Units
03:54 Navigating Challenges and Learning Curves
05:10 The Impact of COVID and Career Shifts
06:56 Building Vulcan Capital and Future Goals
09:06 Balancing Ambition and Patience
15:13 Mentorship and Learning from Experience
23:56 Balancing Multiple Streams of Income
24:15 Finding Wealthy Connections
25:03 Building Relationships and Networking
28:32 Time Management Strategies
29:05 The Four Burner Theory
32:00 Emotional Fitness and Business
33:42 Focusing on Passive Income and Coaching
35:36 Understanding Private Market Investments
38:14 Scaling Up in Real Estate
41:07 Challenges of Older Properties
43:05 The Importance of Networking
49:04 Final Thoughts and Contact Information