The Active Duty Passive Income Podcast Unleashing Success in Anything With Mike Cavaggioni │Ep 301
Join the ADPI Podcast as Kevin interviews Mike Cavaggioni, a retired U.S. Navy officer and host of the Average Joe Finances® Podcast. Mike's journey towards financial independence began as he transitioned from the military to entrepreneurship. Through real estate investments and side-hustles, he achieved financial independence by age 38, owning properties in Hawaii, Virginia, Oregon, and Texas.
In this episode, Mike shares his experiences with a short sale on a VA loan during the great recession and how he turned a rental property into a positive cash flow investment during the pandemic. He discusses the power of velocity banking, utilizing HELOCs to leverage assets, and the importance of inventorying assets for liquidity. Mike also dives into the process of building a business, establishing an LLC, and building business credit. Tune in for valuable insights and practical advice on beating debt, building wealth, and taking control of your financial future.
"No matter what you are trying to do in life, you need to educate yourself in the area you want to excel in."
-Mike Cavaggioni
Here are 5 Key Takeaways from this episode:
- Flipping a rental property into a positive cash flow investment
- Leverage assets by utilizing HELOCS
- Velocity banking – What is it?
- Tips and tricks in asset reallocation
- Where is Mike Cavaggioni now?
Honorable Mentions & Useful Links:
Connect with Mike Cavaggioni:
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