On today’s show, Robert Leonard chats with Mark Willis to talk about how to properly manage real estate properties, proactively use equity, tax reduction strategies, other creative real estate funding solutions, and much, much more. Mark is a Certified Financial Planner (CFP), a three-time #1 best-selling author, and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. He is also the co-host of the Not Your Average Financial Podcast.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
03:25 - Why many financial advisors and planners don’t recommend real estate to their clients and why Mark made the switch to real estate
06:32 - How to properly manage real estate properties
09:38 - What it means to “proactively” use equity and how to do it
12:52 - How real estate plays into someone’s tax strategy and other components of a tax strategy
17:03 - The benefits of doing financial planning and preparations one can do to achieve early retirement
24:35 - What the worst and most common mistakes people are making financially
32:10 - What the very first thing to look at when assessing one’s current financial position and where to begin in one’s personal finance journey
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Financial Planning & Real Estate Investing w/ Mark Willis (REI075)
Теги
financial planningfinancial planning for beginnersimportance of financial planninghow to do financial planningpersonal financecertified financial plannerreal estate investingreal estate investing for beginnershow to start real estate investingreal estate investing successhow to retire early from real estate investingearly retirementhow to retire earlyfinancial independence retire earlytax strategyproperty managementproperty management real estate