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

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.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS
Support our free podcast by supporting our sponsors:

Linkedin Marketing Solutions

Fundrise

TurboTax

HelloFresh

NetSuite

Connect with Robert: Website | Instagram 
Connect with Mark: Facebook | Twitter | LinkedIn | Website
Learn more about your ad choices. Visit megaphone.fm/adchoices

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.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Linkedin Marketing Solutions
Fundrise
TurboTax
HelloFresh
NetSuite

Connect with Robert: Website | Instagram 

Connect with Mark: Facebook | Twitter | LinkedIn | Website

Learn more about your ad choices. Visit megaphone.fm/adchoices