Millennial Investing - The Investor’s Podcast Network

REI075: Financial Planning + Real Estate Investing w/ Mark Willis

Jun 21, 2021

39:59

Robert Leonard and Mark Willis 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

03:51 - Why many financial advisors and planners don’t recommend real estate to their clients and why Mark made the switch to real estate.

06:39 - How to properly manage real estate properties.

12:23 - What it means to “proactively” use equity and how to do it.

15:48 - How real estate plays into someone’s tax strategy and what the other components of a tax strategy are.

19:59 - The benefits of doing financial planning and preparations one can do to achieve early retirement.

29:11 - What the worst and most common mistakes people are making financially.

32:11 - 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.

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.
Get more FREE content from Robert.
Get a FREE audiobook from Audible.
Mark Willis’ podcast, Not Your Average Financial Podcast.
Chad Carson’s book Retire Early with Real Estate.
Michael Blank’s book Financial Freedom with Real Estate Investing.
All of Robert’s favorite books.

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