The process is going to be, so as an investor, the first thing is I wire money to escrow. Then they actually take me home shopping online. They'll pull up the list of all the properties in inventory. They have a specialist that goes through, and we look at all of the homes. We have a client that we recently helped do. They had about a million dollars in profit, and they wanted to 1031 exchange to tax defer the capital gain. So they could do a 1031 exchange in, see the seller finance properties with equity and help.
Rebecca Hotsko chats with Jerry Fetta, the Founder and CEO of Wealth DynamX. They talk about how to “become your own bank” and build wealth like the top 1%, his thoughts on how the sacred account differs from traditional forms of saving/investing/borrowing, his investment strategy for 2023, and where he sees the most opportunities, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:44 - Learn how to “become your own bank” and build wealth like the top 1%.
05:21 - How the sacred account differs from traditional forms of saving/investing/borrowing.
07:35 - When it makes sense to use the sacred account as a savings tool.
16:43 -How this strategy holds up in down markets and particularly in this economic backdrop?
33:58 - Examples of ways Jerry has used this method to invest in 2022.
37:07 - Why Jerry likes secure private lending and seller finance real estate over stock investing.
41:06 - How you can get involved in real estate investing with no prior experience in real estate.
59:37 -What are the major mistakes people make when implementing this strategy?
61:40 - Jerry’s investment strategy for 2023 and where he sees the most opportunities.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Help us reach new listeners by leaving us arating and reviewon Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!