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Millionaires Unveiled

341: Net Worth of $3.5M - Former Air Traffic Controller Cashed in His 401k and Risked It All

Jan 22, 2024
Former air traffic controller turned real estate investor, Shawn DiMartile, shares his journey from liquidating his 401k to building a real estate portfolio worth $3.5 million. He discusses the benefits of real estate investing over traditional retirement accounts and strategies for achieving his first million. Shawn also talks about challenges and opportunities in the Airbnb market and emphasizes the importance of education, partnerships, and creativity in real estate investing.
57:22

Episode guests

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Quick takeaways

  • Real estate investing can provide greater cash flow and wealth-building opportunities compared to traditional retirement accounts.
  • Having liquidity is crucial in real estate investing, both for meeting bank requirements and for handling unexpected expenses.

Deep dives

Real estate investing success through proven strategies

The podcast episode features a guest who was an air traffic controller but decided to cash in his 401k and dive into real estate investing. Utilizing proven strategies he learned from listening to the Bigger Pockets podcast, he partnered with others to buy a 32-unit apartment complex. This venture led him to build a multi-family portfolio of over 300 apartment units and other properties, resulting in a net worth of $3.5 million.

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