The Real Estate Syndication Show WS1576: Creating Passive Income to Secure Your Future | David McIlwaine
Are you prepared should your company encounter a downturn? Today’s guest knows how to beat the odds and has made it his mission to help employees secure their financial future.
Passive investing is second nature to David McIlwaine who started investing in duplex properties more than 25 years ago. Today, after setting up a multifamily syndication company, his team manages more than 30 LP investments, across 11 different asset classes. This episode takes listeners to his journey from a Fortune 500 executive to one of Denver’s most successful real estate investors.
Key Points From This Episode:
- What are the ways that employees can be prepared during business downturns?
- How can employees educate themselves better to learn how to make a plan for passive investing?
- How can employees make the best use of their IRA?
- How soon should they start financial planning using their IRA?
- What are his predictions for the real estate market over the next 6, 12 and 18 months?
- What is his best source for meeting new investors right now?
- What's a syndication struggle that he encountered before?
- What is his best piece of advice for passive investors?
- What are some of the most important metrics that he tracks?
- How does he give back to the community?
Tweetables:
“I chose to leave corporate America, and I got into real estate because I had built a nest egg from my golden handcuffs.”
“My objective is to teach people how they can take their golden handcuffs and actually make them a golden feather.”
“Corporate America looks out for itself and they never look out for you -- the top performing employee.”
“In real estate, you can create tax strategies to defer tax, to reduce your W2 tax burden, to actually lower your effective tax rate.”
“In real estate, we create some diversification. So you can put money into self-directed IRAs and buy real estate in a self-directed IRA, or in a solo 401K.”
“For people above 30 and older, we are now the first and second generations that have to provide our own nest egg for retirement. There is no pension. There is no safety net.”
“I did a side company that immediately allowed me to have a series of deductions for legitimate business expenses that I couldn't maximize.”
“The objective when you're working in corporate America is to build yourself not a golden parachute, b
VISIT OUR WEBSITE
https://lifebridgecapital.com/
Here are ways you can work with us here at Life Bridge Capital:
⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc
⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
📝 JOIN THE DISCUSSION
https://www.facebook.com/groups/realestatesyndication
➡️ FOLLOW US
https://twitter.com/whitney_sewell
https://www.instagram.com/whitneysewell/
https://www.linkedin.com/in/whitney-sewell/
⭐ Be Our Guest!
We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over.
Apply here: https://lifebridgecapital.com/join-our-podcast/