Do you want to escape the Wall Street Casino and invest in real, tangible assets? Want to achieve financial independence on YOUR schedule and not someone else’s? Want to invest in real estate without having to manage tenants, fix toilets, or exterminate termites? Look no further and tune into the Passive Wealth Strategy show today. We’re setting the Real Estate world on FIRE, helping busy professionals build their passive wealth and passive income with real estate.
Episodes
Monday Sep 12, 2022
Monday Sep 12, 2022
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Derek has been a successful Investor since 2002. He’s been through the ups and downs of the markets and has the scars to prove it. He has been involved in hundreds of transactions in his career. He’s done wholesaling, flipping, landlording, lending, and countless of other investment strategies throughout the years.
Derek loves negotiating with sellers. He loves to put together creative solutions for sellers that few other investors can put together. Derek loves giving back to the real estate community. Derek is also a coach and mentor who has a passion for helping others be successful too.
[00:01 – 05:19] Opening Segment
- Derek started as a house flipper and landlord in 2003
- The Move to Private Capital
[05:20 – 15:13] Lessons From The Great Recession and Being a Private Lender
- Blessings in Disguise and Tough Lessons from the Great Recession
- Risking Your Primary Residence and Banks
- Real estate long-term financing sets it apart from Wall Street
- Derek talks about his book on the private lending process
[15:14 – 25:21] Raising Investor Capital
- Derek’s Private Money Lending Rates
- Creative Deal Structuring: Stacked strategies
- Derek’s Client Investor Avatar
[25:22 – 32:32] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- Joining several masterminds
- Derek’s worst investment
- A house that cost him a lot of cleanups
- What is the most important lesson you’ve learned in business and investing?
- “People are way too quick to blame somebody else.”
- “Don’t become enslaved to a bank.”
Connect with Derek through https://bestreifunding.com and derek@bestreifunding.com.
Join their advanced strategies and networking conference at Cancun on February 2023 by going to Generations of Wealth.
Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.
Join our Passive Investor Club for access to passive commercial real estate investment opportunities.
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Tweetable Quotes:
“Never lend money on something you would not want to own.” – Derek Dombeck
“Best investment, hands down, is a decent mastermind peer group of people that are going to help you get to that next level.” – Derek Dombeck
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