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The Side Hustle and Business Show with Eric Lindsey
We will provide you with up-to-date side hustles and business tips to help you operate a successful side hustle or business. You will learn how to manage your business while working full-time or having very little time to contribute to building your business. This podcast will supply you with the roadmap that leads to financial security. We will give you step-by-step actionable tips that you can implement in your everyday life to find success through side hustles, small businesses, part-time, or even full-time endeavors.
The Side Hustle and Business Show with Eric Lindsey
đď¸ Balancing a Yacht-Captain Career While Building a Real Estate Portfolio with Scott Kidd
Most people assume you need to quit your job to build wealth in real estate, but Scott Kidd proves otherwise. After 20 years as a yacht captain, he built a portfolio of multifamily properties and syndicationsâall while managing luxury yachts full-time. His journey shows how demanding professionals can still scale by leveraging partnerships, systems, and mindset.
Scottâs start was simple: buying a single-family home and rolling that into more deals. A chance conversation on the beach with an investor who flipped a 46-unit property was his turning point. From there, he leaned into meetups, joint ventures, and partnerships that led him to multifamily. Today, heâs active in syndications, capital raising, and investor relationsâall while continuing his yacht career.
đ¤ How to Invest in Real Estate While Working or Running a Business Full-Time
Scott balances his yacht career with real estate by focusing on what he can do remotelyâinvestor calls, analysis, and relationshipsâwhile relying on partners for management. Tools like DocuSign and Starlink let him close a 13-unit deal from The Bahamas. His message: you donât have to be on the ground daily to succeed.
đď¸ Lessons from an 8-Unit Deal in Florida
An early multifamily deal in West Palm Beach tripled returns in just eight months after unexpected challenges pushed the team to sell. That success shifted Scottâs focus toward raising capital for larger, more stable properties.
đ Current Focus: Scaling Through Syndications
Scott and his partners are now working on a 72-unit in Columbus, Ohio, chosen for its strong fundamentals: Ohio State University, corporate HQs, and major investments from Intel, Honda, and Amazon. He believes todayâs market favors newer investors since many larger players are sitting out. His advice: keep lookingâif the numbers work, itâs a good time to buy.
đŻ Key Takeaways for High-Income Earners and Business Owners
- Start small: house hacks, duplexes, or small multifamily.
- Use W-2 income as leverage with banks.
- Partner with experienced operators.
- Protect your timeâdelegate management, focus on high-value work.
đ§ Coaching Round: Scottâs Advice for Investors
For New Investors: Define Goals Early
Choose if you want to be active (finding/running deals) or passive (providing capital and earning returns).
Balancing Career, Family, and Real Estate: Play to Strengths
Focus on what excites youânetworking, analysis, or investor relations. Passion makes balancing easier.
Starting with Little Money or Time: Network Nonstop
Join groups that align with your goals. Add value by sourcing deals, underwriting, or raising capital.
Why Passive Investing Works
Steady cash flow and tax benefits like depreciation. (Always check with a CPA.)
Books for Active and Passive Investors
- Mindset by Carol Dweck
- The Hands-Off Investor by Brian Burke
đ Final Thoughts
Scott Kidd proves you can thrive in real estate without quitting your career. By leaning on partners, focusing on strengths, and using technology, he built a portfolio that secures his familyâs future. The takeaway: you donât need to quit your jobâyou just need the right plan, the right partners, and the drive to act.
Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey