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Financial Freedom with Real Estate Investing

MB472: How Two Newbies Closed a $4.6M Deal with No Experience – With Ryan Kindred and Russ Cannon

Financial Freedom with Real Estate Investing

Michael Blank

Investing, Entrepreneurship, Business

4.7577 Ratings

🗓️ 4 May 2025

⏱️ 72 minutes

🧾️ Download transcript

Summary

In this episode of the Financial Freedom with Real Estate Investing podcast, I sit down with two of our Deal Maker Mentoring students — Ryan Kindred and Russell Cannon — who broke free from the grind and did something most people only talk about: they bought a 240-unit self-storage facility and raised $1.9 million to do it.

Ryan and Russ didn’t grow up in real estate. They weren’t born entrepreneurs. But they took action, surrounded themselves with the right people, and now they’re building a portfolio that’s changing their lives forever.

Whether you're a high-income earner ready to pivot, or a burned-out investor trying to scale, this episode is packed with real talk, tactical steps, and one heck of a comeback story.

Key Takeaways

From the Corporate Grind to Full-Time Investors

  • Ryan was managing $200M in power systems. Russ ran $100M+ construction projects. Both felt stuck.

  • They knew their time wasn’t really theirs, and they were done trading hours for dollars.

  • This is how they made the leap — while still working full-time — and never looked back.


Crushing Limiting Beliefs That Keep Most People on the Sidelines

  • “I don’t have the money.” “I’ve never done this before.” “Who’s gonna invest with me?” Sound familiar?

  • Ryan & Russ had every reason to stay in their comfort zone — but they didn’t.

  • You’ll hear exactly what shifted their mindset and how you can do the same.


Behind the Scenes of Their $1.9M Raise on a 240-Unit Deal

  • How they found this off-market self-storage opportunity

  • Step-by-step of how they raised $1.9M in equity — without a big investor list

  • The six-figure acquisition fee they earned and how they set themselves up for long-term cash flow


Why Mentorship and Community Made All the Difference

  • The moment they realized they couldn’t do it alone

  • How they leveraged our team, the community, and deal support to get across the finish line

  • What actually moves the needle when you’re doing your first commercial deal


What’s Next: Scaling Up & Building a Real Estate Business

  • Ryan and Russ aren’t stopping at one deal — they’re already teeing up the next

  • Their 3-5 year vision: more deals, more cash flow, and total lifestyle freedom

  • How they’re using this deal as a launchpad to financial freedom


Connect with Ryan and Russell

LinkedIn - Ryan Kindred

LinkedIn - Russell Cannon

Sable Capital Website

Connect with Michael

Facebook

Instagram

YouTube

TikTok

Resources

TheFreedomPodcast.com 

Access the #1 FREE Apartment Investing Course (Apartments 101)

Schedule a Free Strategy Session with Michael's Team of Advisors

Explore Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Review the Podcast on Apple Podcasts

Syndicated Deal Analyzer

Get the Book, Financial Freedom with Real Estate Investing by Michael Blank 

For full episode show notes visit: https://themichaelblank.com/podcasts/session472/

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, dealmakers, welcome to the show where it's all about financial freedom with real estate.

0:04.1

Let's do this.

0:07.2

In today's episode, we're talking with Ryan Kindred and Russ Cannon and two of our most recent dealmakers in our mentoring program that just raised $1.9 million, their first time they raised money, to close on an amazing $4.6 million deal. So if you want to learn how they did it,

0:22.8

then this is the episode for you. So Ryan Kinder is a former electrical engineer with an MBA from

0:28.0

UNC. And at one point, he was managing $200 million worth of power distribution assets at

0:33.1

BSF Corporation. I don't really know what that means. He sounds like a smart guy. And today, though, he's managing

0:39.0

over $7 million in real estate. That's pretty cool. Now, Russell Cannon is his business partner,

0:43.9

and he comes from a background in construction safety, managing massive $100 million industrial

0:48.4

projects. And they work actually at the same company right now. And today he owns and operates

0:54.0

a growing $5 million portfolio. And today he owns and operates a growing

0:54.4

$5 million portfolio. And together these guys closed a 240 unit self-storage deal. It's not a

1:01.3

multifamily deal, self-storage, which is very interesting in itself. And they raised $1.9

1:05.5

million to make it happen, which is even more interesting because they've never done that

1:09.0

before. And they did it all as first-time syndicators. So it's pretty cool, and really kind of go deep on this one and how they kind of got together, why they're partnering with each other, and then how they came about finding this deal. And again, you know, since I've been doing this since 2014, it has never been easy to find a deal. And that's the same thing here. You to, you've got to underwrite a number of deals than they did. And they were a bit opportunistic because while they were looking at multifamily deals, they also came across a self-storage. And the honest truth is that getting into a different asset class like a self-storage is actually not much different than getting into a multifamily. We talk about that as well. So hopefully you'll be inspired by this episode on getting started and doing a larger deal right up front. Let's get into it with Ryan and Russ. Hey, Russ and Ryan, welcome to the show today. Thank you very much, Michael. Thanks for having us. Great to see you guys here. Really excited that you hear with me today. Great success story. We want to understand kind of how you did it. But before we get into, let's get a little backstory. I want to know

2:05.0

from you, Russ, kind of what were you doing before you got into real estate? And Ryan, I got the

2:11.1

same question for you. What was going on? And why did you start getting in real estate?

2:16.7

Well, I mean, you know, first off, I guess the long of the short story, if there's such a thing,

2:25.0

is, you know, I was interested in ways to create generational wealth from my family, right?

2:30.8

So I began with the process of reading every book I could on equities investing in the stock market. And I've got a bookshelf full of probably 60 to 70 books that I've read, understanding how to evaluate stocks, et cetera. I started doing that and really enjoyed it. And then one day, I don't know why what happened. I picked up, you know, the Rich Dad, Poor Dad book, everybody's favorite purple book, right?

2:54.8

Started reading that thought, man, this is interesting.

2:57.1

Then before you know it, I filled up a bookshelf for real estate books with even yours as well, Michael, you know, the famous yellow book.

3:05.4

You know, started with single family, found a, found a smoking deal with a former,

...

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